Garbage fuels new company's success
Maquoketa businessman John Wagener turns waste paper into burnable pellets through New Fuels Technology Inc. The firm processes up to 4 tons hourly, aiming for 300 tons per week, with markets in Iowa Wisconsin and Illinois. Pellets burn uniformly, aiding gasification, with byproducts like phosphate-rich ash.
MENTIONED IN THIS ARTICLE
Maquoketa
Jackson County
New Fuels Technology Inc
John Wagener
Ford
East Platt Street
Wagner
Lundell Manufacturing
Cherokee
Iowa
Wagener
Dubuque
Clinton
Ohio
Wisconsin
Illinois
New Fuels Technology
Market Sluggish Amid Computer Stock Declines
The New York market posted a small gain as the Dow rose to 1276.61 while computer issues led declines. Banks and bond markets were largely closed for Lincoln's Birthday, muting overall activity. Data General tumbled as it warned quarterly orders were weak and earnings may miss expectations.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
U.S
Lincoln
Carolyn Cole
PaineWebber
Michael Metz
Oppenheimer & Co. Inc
IBM Unveils 3090 Mainframe Models In New Generation
IBM introduced the 3090 series with two initial models, 200 and 400, aiming to extend its leadership in large-scale data processing. The model 200 features two CPUs and 64 million characters of storage, priced from 5 to 6.09 million, with availability in November. prices on select current 3080 systems were cut about five percent.
MENTIONED IN THIS ARTICLE
New York
International Business Machines Corp
IBM
Goss China pact won’t change Cedar Rapids press ops
Rockwell International says its Goss Shanghai deal will not affect Cedar Rapids plant operations. China will manufacture and market Goss presses for Shanghai, with Cedar Rapids personnel possibly training there and supervising initial production. Subcontracting to Shanghai could occur in future years. Goss presses serve People’s Daily with 5 million circulation.
MENTIONED IN THIS ARTICLE
Rockwell International Corp
China
Shanghai
Cedar Rapids
Steve Burger
Rockwell International Graphics Systems Group
Chicago
Japan
Burger
Goss
People’s Daily
ADM to install six fluid bed boilers at Cedar Rapids plant
Archer Daniels Midland Co. will install six fluid bed boilers two in Cedar Rapids and four in Decatur Ill to make the Cedar Rapids plant self sufficient in steam power with operations expected in 1986. The firm moved away from a planned steam and electricity purchase with Prairie Creek Power Station and now contracts Keeler-Dorr-O Oliver to design manufacture and install the boilers. Melville Corp sells Foxmoor Division to BR Investors Inc Brooks Fashion Stores Inc owns 614 stores including a Westdale Mall location. The sale is expected to close by year end.
MENTIONED IN THIS ARTICLE
Archer Daniels Midland Co
Cedar Rapids
Dick Burker
ADM
Burker
Prairie Creek
Iowa Electric
Keeler-Dorr- Oliver
Standard Oil Co
Ohio
Decatur, Ill
Harrison
N.Y
Melville Corp
Foxmoor
BR Investors Inc
Brooks Fashion Stores Inc
Westdale Mall
Komatsu Plans U S Plant Likely in Chattanooga
Komatsu Ltd, Japanese maker of earth moving equipment, will open a U S plant, probably in Chattanooga Tennessee, completing negotiations for a factory purchase with final financing conditions. It would be Komatsu's first U S facility, and the company ranks as the world's second largest construction equipment maker after Caterpillar Tractor Co. of Peoria Illinois.
MENTIONED IN THIS ARTICLE
Nashville, Tenn
Komatsu Ltd
United States
Chattanooga
Tenn
Komatsu
Caterpillar Tractor Co
Peoria
Ill
Broadcaster Quarton to receive Spirit of Broadcasting Award
William B. Quarton, longtime Fort Dodge broadcaster and KWMT Inc. chairman, will receive the Spirit of Broadcasting Award per the National Association of Broadcasters. He joined KWCR Cedar Rapids in 1931, later became general manager, then executive vice president of American Broadcasting Stations Inc. and president of WMT TV from 1959 to 1968.
MENTIONED IN THIS ARTICLE
Washington
William B. Quarton
Kwmt Inc
Fort Dodge
Spirit of Broadcasting
National Association of Broadcasters
Quarton
KWCR
Cedar Rapids
American Broadcasting Stations Inc
WMTTV
Settlement Approved at Westdale Cinemas Cedar Rapids
General Cinema Corp owner of Westdale Cinemas in Cedar Rapids announces Delaware Court of Chancery approval of a shareholder lawsuit settlement over Class B stock. An objection from another shareholder is resolved by submitting charter and by law changes for vote at the March 1986 annual meeting.
MENTIONED IN THIS ARTICLE
Chestnut Hill
Mass
General.Cinema Corp
Westdale Cinemas
Cedar Rapids
Delaware Court of Chancery
Icahn Launches New Offer for Phillips Petroleum
Carl Icahn unveils a third conditional plan to gain Phillips Petroleum, proposing $60 a share cash for 70 million shares to push above 50 percent, then $50 value securities for remaining 77.1 million shares. The $8.06 billion two step bid depends on financing, defusing Phillips poison pill and shareholder approval, with Phillips stock trading around $50. Icahn already owns 4.85 percent and has floated past offers of $55 and $57 per share.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Carl Icahn
Phillips Petroleum Co
Icahn
Phillips
Warren Shimmerlik
Merrill Lynch, Pierce, Fenner & Smith Inc
Rosario Ilacqua
L.F. Rothschild, Unterberg, Towbin
Also Mentioned on This Page
Kansas City
Milwaukee
Champaign
C.R
C.A
Foxmoor Chain
C.J. Silas
William Douce
Glenn Cox
Silas
Bartlesville
Oklo
Hrift Guaranty Corporation
State of
John Nuveen
Securities Corporation of Iowa
SCI Conference Center
Second Avenue
Call Securities Corporation of Iowa
SIPC
Alty
Owa
United Federal Savings Bank
N.E
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