Swiss Valley creates 50 thousand milk jug recycle drive
In three months Eastern Iowa sites collected over 50 000 jugs weighing more than four tons. Sites span Mount Joy Cedar Rapids Dubuque Eldridge Hopkinton Luana Maquoketa Cascade Central City Farley Manchester and Monticello.
MENTIONED IN THIS ARTICLE
Iowa
Swiss Valley Farms
Mount Joy
Cedar Rapids
Dubuque
Eldridge
Hopkinton
Luana
Maquoketa
Cascade
Central City
Farley
Manchester
Monticello
Change of plans alters Des Moines real estate merger
The Des Moines Re/Max Professionals and First Realty Better Homes and Gardens merger collapsed. Most Des Moines agents joined a new Re/Max franchise instead of First Realty while Cedar Re/Max officials note Cedar firm was not involved in the merger.
MENTIONED IN THIS ARTICLE
Des Moines
Re/Max
First Realty/Better Homes and Garden
First Realty
Cedar Rapids
Cedar Re/Max
Hanson earnings rise at British conglomerate in Q1
Hanson PLC reports a 12.8 percent rise in fiscal first quarter profit to 600 million dollars while revenue falls 6 percent to 3.1 billion. Extraordinary income of 309 million from asset sales boosts earnings per share to 6.6 cents from 5.95 cents. Chairman Sir Gordon White notes the U S unit continues to perform well, with Universal Gym Equipment of Cedar Rapids and Ertl Toy Co. of Dyersville among subsidiaries.
MENTIONED IN THIS ARTICLE
Hanson PLC
Hanson
Gordon White
U.S
Universal Gym Equipment
Cedar Rapids
Ertl Toy Co
Dyersville
Big Three Report February North American Sales Gain
The Big Three automakers say early February sales of North American cars and light trucks rose 6 percent from a year earlier. Cars were up 7.2 percent and trucks 4 percent, with total Feb 1 to 10 sales numbering 27,717 units.
KKR to Buy Stake in First Interstate Bancorp
Kohlberg Kravis Roberts & Co. affiliate to acquire about 3.4 million of 7.5 million new shares in First Interstate Bancorp for roughly 111.5 million dollars at 33 per share. The deal lifts KKR ownership to about 9.98 percent of the Los Angeles bank.
MENTIONED IN THIS ARTICLE
First Interstate Bancorp of
Los Angeles
Kohlberg, Kravis, Roberts & Co
New York
First Interstate
Whistles Recalled Over Choking Hazard Nationwide
Hayes Specialties Corp recalls over 555000 4 inch plastic Siren Whistles sold nationwide in the last two years. Consumers should return them to the store for a full refund per the Consumer Product Safety Commission.
MENTIONED IN THIS ARTICLE
Hayes Specialties Corp
Saginaw, Mich
Consumer Product Safety Commission
CPSC
Toy cradle recall and corporate changes across several firms
Uneeda Doll Co based in New York will replace 161245 Model 70620 Toys N Toys in Cradle sets due to small parts choking risk. Harrods London halts its mink fur salon run by Grosvenor Canada, closing April 21. Reader's Digest files for a 25 million share IPO priced at $20 with Goldman Sachs Lazard Freres co managers.
MENTIONED IN THIS ARTICLE
Uneeda Doll Co
Consumer Product Safety Commission
Harrods of
London
Grosvenor Canada
Reader’s Digest
Goldman, Sachs & Co
Lazard Freres & Co
U.S
Market largely unmoved by Drexel collapse
The stock market drifted higher in a quiet session with little fallout from Drexel Burnham Lambert's Chapter 11 filing. The Dow rose 0.22 to 2624.32 as NYSE volume reached 138.53 million shares and within Eastern Iowa tied shares showed modest gains for Procter and Gamble, W R Grace, and IBM among others.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Drexel Burnham Lambert Inc
New York Stock Exchange
Drexel
Cedar Rapids
Jim Johnson
Securities Corporation of Iowa
Wall
Iowa
Banks of
Procter and Gamble
W.R. Grace
ASA Ltd
Larely
South Africa
International
Philip Morris
American Telephone & Telegraph
American Express
Great Northern Nekoosa
Georgia-Pacific
Met-Coil Wins Korean Duct Plant Equipment Contract
Met-Coil Systems Corp will supply Korea Sheet Metal in Seoul with 750000 dollars of HVAC duct fabrication machinery. Subsidiaries Iowa Precision, Lockformer, and Roper Whitney will provide a full range of tools and an automatic Fabri-duct system to create a state of the art shop in Korea.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Met-Coil Systems Corp
Korea
Korea Sheet Metal
Seoul
Met- Coil Ltd
Ayase
Japan
John Toben
Met-Coil
Toben
Iowa Precision Industries
Lockformer Corp
Lisle
Roper Whitney Co
Rockford, Ill
Lockformer
Pacific Rim
Senate panel backs 50 percent tax credits for venture investments
The Iowa Senate Small Business committee approved a $100 million venture capital plan retroactive to Jan 1 offering a 10 percent annual income tax credit on new stock issues. Individuals may claim credits for up to five years, with a cap of $1 million per investment and a two year holding requirement. The measure sunsets in three years unless renewed.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Senate
Kenneth Scott
D-Clear Lake
Small Business/Economic Development Committee
Inventories Fall in December for First Time in Over a Year
The Commerce Department reports inventories dropped 0.2 percent to 795.2 billion while sales held at 522.5 billion in December. Economists say slowed production and a flat sales pace signal a weaker economy into the summer, with several automakers initiating temporary layoffs.
MENTIONED IN THIS ARTICLE
Washington
Thomas Runiewicz
Wefa Group
Bala Cynwyd
Commerce Department
Runiewicz
Chrysler Corp
Ford Motor Co
General Motors Corp
Chicago firm to acquire Satterlee Co in Cedar Rapids deal
W W Grainger Inc of Chicago reaches in principle agreement to acquire Satterlee Co, a Minnesota based supplier with a Cedar Rapids branch at 280 Prospect Place SW operating since 1974. Satterlee serves Iowa with four headquarters staff and three salesmen, while Grainger runs a nationwide network including centers in Chicago Kansas City and Greenville County.
MENTIONED IN THIS ARTICLE
Satterlee Co
Cedar Rapids
W.W. Grainger Inc
Chicago
Prospect Place
Iowa
Grainger
Kansas City
Greenville County
S.C
Drexel Burnham Lambert moves to dismantle operations
Drexel Burnham Lambert Group Inc. seeks liquidation of holdings and sale of units as it files for Chapter 11. The parent lists liabilities near 2.89 billion and assets around 3.7 billion with more than 2 000 creditors and creditors abroad dominating the list.
MENTIONED IN THIS ARTICLE
New York
Drexel Burnham Lambert Inc
Wall Street
U.S
Drexel
Drexel Burnham Lambert Group Inc
Securities Industry
Also Mentioned on This Page
St&t
Insurance Review
House Banking Committee
Congress
Henry Gonzalez
Texas
KKR
Tribune Media
Bob Murray
Murray
Scott
Satterlee
Minneapolis
Duluth
Minn
Pat Trexler
Drexel Burnham
Lower Manhattan
Taiyo Mutual Life of
Tokyo
Home Capital Services Inc
State of California
Bank of China
Cedorius CD
Cedar Rapids’ Banks
Gazette
The
Gazette Office
3Rd Ave
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