Cedar Rapids hosts largest Iowa McDonald’s downtown
The largest McDonald’s in Iowa and its first downtown location opened Tuesday morning in Cedar Rapids in the 200 block of Second Street SE. Housed in the former JC Penney store, the brick and glass exterior features copper hoods. Inside, brass and a tin ceiling illuminate a beige and forest green decor. The restaurant seats 184.
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McDonald's
Iowa
Cedar Rapids
Second Street
JC Penney
Ten rules to survive layoff by Peter Costa UPI
A list of ten personal finance principles to weather layoffs. Advice includes saving at least three months of expenses, aiming to save 5 10 percent of take home pay, choosing liquid investments, using nontraditional accounts, keeping cash in NOW accounts, considering gold, investing in assets you understand, renting vacation property for tax breaks, making energy saving home improvements, and buying in bulk while avoiding credit card debt.
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Peter Costa
United Press
New York
Gordon Williams
Williams
U.S
Late rally saves stocks from drop to record low
Wall Street steadied after a broad downturn as a late IBM led rebound trimmed losses. Dow fell to 831.34, with the NYSE composite and S&P also lower, amid high rates, energy worries, and earnings moves. Industrials lagged while IBM rose 1% on processor discounts. autos showed mixed February sales. GM announced plant closures.
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T-bill rates rise to new highs as auctions attract bids
UPI reports Treasury bill yields rose for the sixth straight week, with three month bills at 14.74 percent and six month bills at 14.36 percent on $5 billion offerings each. The week’s auction followed President's Day holiday and the government forecast higher six month yields for 1982. General Motors and Ford announced rebates of 500 to 700 dollars on small and midsize cars, the largest yet in the U.S. auto industry.
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UPI
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AMCA reports record 1981 results and 868 million backlog
AMCA International of Montreal parent to Cherry Burrell Cedar Rapids posts 1981 revenues of 1.6 billion up 47 percent and operating income of 69 million up 52 percent. Net income 70.2 million up 44 percent with earnings per share 2.56 before divestitures 2.61 after. Fourth quarter revenue 439 million and net income 15.8 million. Banks of Iowa parent of Merchants National Bank Cedar Rapids reports 1981 net income 13.9 million, earnings 6.01 per share, assets 1.5 billion and book value per share 45.15. approval to acquire Avoca State Bank.
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Montreal
Cherry-Burrell
Cedar Rapids
Dominion Bridge
U.S
DES Moines — Banks of Iowa
Merchants National Bank of
Merchants National
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Avoca State Bank
Avoca
Iowa
Brunswick tender offer for Brunswick stock at 30 dollars
American Home Products Corp and Brunswick Corp said they begun a 425 million dollar tender offer to purchase up to 14.2 million Brunswick common shares at 30 dollars per share.
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New York
UPI
American Home Products Corp
Brunswick Corp
Brunswick
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