Mazda looks to label foreign car as domestic at Chicago show
Mazda unveils the restyled 626 four door and MX-6 coupe built in Michigan with over 75 percent U.S. parts. Monfort cuts hours and lays off in Des Moines and two other plants due to beef oversupply. Ford maintains incentives through March. Productivity barely grows in 1991. Lexus SC 400 named 1992 Import Car of the Year by Motor Trend. American Express cuts Optima rate to 12.5 percent for select cardholders after loss provisions. Flexsteel profits rebound. Heartland Express reports 1991 gains and plans fleet upgrades.
MENTIONED IN THIS ARTICLE
Chicago
Japan
Mazda Corp
U.S
Michigan
Mazda
Greeley
Colo
Monfort Inc
Des Moines
Dumas
Texas
Garden City
Kan
Monfort
Michael Sanem
Motor Trend Magazine
New York
American Express Co
Optima
American Express
Heartland Express Inc
Coralville
Heartland Express
Iowa
Heartland
United States
Capital-gains cut would favor wealthy, oppose by Democrats
A congressional analysis finds 52 percent of the capital gains tax cut would go to 491,000 high earners over $200,000, while 85 percent of Americans earning under 50 thousand would receive only a little more than a dime of the benefit. The study argues the plan widens income gaps and is unlikely to boost growth.
MENTIONED IN THIS ARTICLE
Jim Luther
Washington
Bush
Joint Committee On Taxation
House
Richard Gephardt
D-Mo
Sander Levin
D-Mich
Ways and Means Committee
Internal Revenue Service
IRS
Blue chip selling drives Dow lower by 15 points
Dow Jones average fell 15.21 to 3,257.60 as blue chips declined after Tuesday’s rally. Advancers led declines on the NYSE 9 to 7, with volume about 262 million shares. Kodak tumbled 4% after a 1991 earnings drop, while Procter & Gamble rose 2%.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Eastman Kodak
General Mills
United
Kodak
Exxon
International
Man sells Honda Civic to swing hammer in apology
Marty Feldman of Nicoma Park Oklahoma destroys a $500 1979 Honda Civic with a sledgehammer to protest remarks by Japanese officials about American workers. About 75 visitors pay $1 for a swing as he calls the act an apology and a response to perceived arrogance.
MENTIONED IN THIS ARTICLE
Nicoma Park
Okla
Marty Feldman
Feldman
Big Three automakers see stock rallies amid cautious outlook
Detroit AP reports GM, Ford, and Chrysler stocks have rebounded in recent weeks as analysts flag possible bottoming of industry woes. Yet combined 1991 losses may reach $7 billion, and Wall Street remains cautious despite cost cuts and lower production targets boosting share prices for Chrysler, GM, and Ford.
MENTIONED IN THIS ARTICLE
Detroit
Wall Street
General Motors
Ford
Chrysler
Employers raise health costs again but slow pace hides burden
A Foster Higgins survey shows average employer health care costs rose 12.1 percent in 1991 to 3605 per employee while costs shift to workers. Indemnity plans up 13 percent to 3573. Health costs equal about 45 percent of after tax profits and around 12 percent of payroll. experts warn inflation will push costs higher again.
MENTIONED IN THIS ARTICLE
Frank Swoboda
A. Foster Higgins & Co
John Erb
Erb
Also Mentioned on This Page
New Mazda
Ford Motor Co
Europe
Lexus
Flexsteel Industries Inc
Dubuque
Tripune Mi
Gephardt
Gazette
Todd McIntor
Deb Beadle
Marion
Highway 151
Mount Vernon Rd
Cedar Rapids
Midland Savings Bank
Dow
International Paper
Merck
Coca- Cola
Sears
Pacific Enterprises
Southern California Gas Co
Thrifty Corp
Pennsylvania
John Kirnan
Kidder, Peabody and Co
al Eckhoff Sr
Keith Krueger
Robert J. Sydney Sr
Dennis Rommann
Iowa City
Federated
Collins Rd
Suite
Wwe
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