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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 06, 1990

Page

20

West region retirees and leadership changes at Iowa papers

Hat US West reports 3 850 managers opt to retire under a plan announced last Nov 30 with payroll exit set for Feb 28. Mary Parks Stier promoted to vice president in Gannet central region after rising from advertising director to president and publisher. Interest rates mix on short term Treasuries with three and six month bills selling at higher or lower discounts. Par Technology denies stock decline cause. Par forecasts 1989 earnings within analysts range and above prior year.

US West Iowa Mary Parks Stier Iowa City Press-Citizen Gannett Co Stier The Press- Citizen U.S. Treasury Par Technology Corp Par

Tax Break '90 TV program to air on public stations

The IRS and WQED Pittsburgh co produce Tax Break '90 a two hour viewer call in program airing Feb 11 from 2 to 4 p.m. CST on most public stations Host Morton Dean leads the broadcast Check local listings for changes GM raises its Class E stock dividend 17 percent and splits 2 for 1 due to growth in non GM computer business via EDS GM keeps dividends on common and Class H stock tied to GM Hughes Electronics A survey finds two thirds of check casher users have savings or loan accounts among 505 surveyed in five cities

Federal Internal Revenue Service WQED Pittsburgh Morton Dean General Motors Corp Electronic Data Systems Corp GM Hughes Electronics Corp Consumer Bankers Association Washington New York Miami Chicago Los Angeles

GM to Offer Quick Oil Changes at 7400 Mr. Goodwrench Dealers

General Motors will roll out nationwide quick oil changes at its 7400 Mr. Goodwrench service centers following Ford's lead. The service includes new filters, fresh oil, lubrication, and inspections for about $20 with no appointment needed.

General Motors Corp Ford

Stocks rise for third time in four sessions

The Dow gained 19.82 to 2622.52 as 838 up, 646 down, 490 unchanged on the NYSE. Eastern Iowa stocks led by AEGON up 1 to 59, Penwest up 1 to 30 with Penwest holding its annual meeting today. Pan Am and UAL among airlines edged higher while Roche bid for Genentech lingered as talks continued.

Iowa AEGON Penwest Telecom*usa Amax Philip Morris Exxon Bank of New England IBM

Iowa Interstate Sold to Chicago West Pullman

Iowa Interstate Railroad to become a wholly owned subsidiary of Chicago West Pullman Transportation Corp. CWPT will provide financial and operational support to improve service while keeping present employees. Sale requires Interstate Commerce Commission approval and terms were not disclosed.

Chicago Iowa Interstate Railroad Iowa City Chicago West Pullman Transportation Corp CWPT Robert E. Smith Iowa Interstate Paul H. Banner Interstate Commerce Commission Rock Island Railroad Chi Cago Omaha Iowa Illinois Chicago West Pullman Wisconsin Ohio Georgia Chicago Rail Link Blue Island Chicago West Pullman Corp American Steel and Wire Corp

Productivity growth slows for U.S. workers in 1989

The Labor Department reports non-farm productivity up 0.9 percent in 1989, the weakest since 1981-82. Hourly labor costs jumped 5.5 percent, the largest rise since 1982, while output rose 3.3 percent and hours worked increased 2.4 percent.

Washington Labor Department

RCA Pleads Guilty to Illicit Pentagon Documents

RCA division of General Electric pleaded guilty to two felony counts of conveying without authority secret Pentagon planning documents. The company agreed to pay a $2.5 million fine and $2.48 million in civil claims. Sentences possible up to 10 years.

Alexandria General Electric Co RCA Pentagon RCA Corp U.S Boeing Co Defense Department Boeing Richard Lee Fowler Army Air Force Navy James C. Cacheris

Sears posts sharp rise in fourth quarter earnings

Sears, Roebuck and Co. reports Q4 net income of 602.1 million dollars or 1.76 per share as sales climb 4.2 percent to 15.2 billion. Allstate catastrophes from Hugo and the Bay Quake push 1989 to costlier levels. Full year net income hits 1.51 billion on 53.8 billion revenue. Kelly Services buys Dutch and New Zealand firms, eight overseas acquisitions since 1988.

Chicago Sears, Roebuck and Co Allstate Insurance Sears’ Merchandise Group Sears Allstate Insurance Co Kmart Wal- Mart Allstate California Troy, Mich Kelly Services Inc U.S Netherlands New Zealand

Big Three auto sales dip in late January mix with trucks rising

Detroit AP reports North American car and light truck sales by GM Ford and Chrysler fell 4.6 percent year over year for January 21 to 31. Cars dropped while trucks rose with Chrysler showing the largest truck gain and Ford and GM posting mixed results.

Detroit North America Chrysler Corp General Motors Corp Ford Motor Co Chrysler Ford

Clausen to retire from BankAmerica at May meeting

A. W. Clausen chairman and CEO of BankAmerica Corp will retire at the end of the annual meeting May 24 He will be succeeded by Richard M Rosenberg currently vice chairman and head of Bank of America's California Banking Group

San Francisco A.W. Clausen BankAmerica Corp The World Bank Richard M. Rosenberg Bank of America California Bankinng Group

Treasury sets $100 minimum for payroll savings bonds

The Treasury will discontinue $50 and $75 Series EE bonds in payroll plans starting Oct 1, making $100 the minimum payroll bond. Existing allotments will convert to $100 bonds automatically, while over the counter sales remain unchanged.

Washington Treasury Department Richard L Gregg Public Debt The Treasury

Also Mentioned on This Page

Quick Lybe Wallace Office Associated Press and Gazette Eastern Genentech Roche Holding Pan Am Pan American World Airways Northwest Airlines UAL AMR Interstate Evela Ces Pty U.S. Dept. of Labor Kelly Services Clausen Tom King Tom Millhiser Smith Agency Oakland Rd
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