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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 17, 1986
Page
20
U S markets and many government offices close for Washington's Birthday. Treasury bill auction rescheduled to Tuesday. Key data due later in the week include January factory orders January housing starts money supply and fourth quarter GDP revised personal income.
C Robert Powell, new Reichhold Chemicals chairman, leads a strategic shift to specialty chemicals, cutting jobs and divesting units. He rejects the old culture of loyalty over results, pushes participative management, and aims for a 20 percent earnings return by 1987 despite a 28.4 million dollar 1985 loss and a 28 million dollar after tax writedown. Powell stresses faith and ongoing effort to avoid complacency.
Dallas County prosecutor Rider Scott signs forms as Millard Fillmore to show how often names appear on market research lists. The piece explains data collection from public records and databases, the rental of mailing lists, and concerns over identity privacy as buyers and borrowers leave traces.
A mutual fund pools money from many investors to buy securities like stocks and bonds managed by professionals. Tables show fund name, per share net asset value, offering price, and daily NAV change, with dividends and capital gains distributed to investors.
A Brenton banker earns trust with a thriving business by offering more than a number. They provide a commercial banking expert who learns the business, industry, and market and works nonstop to tailor financing and investment needs. Expect continued proactive support from Brenton.
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