P G shares draw attention as market optimism grows
Procter & Gamble faces a favorable reception as analysts gather at Cincinnati headquarters for a rare management briefing. With shares near yearly highs, the firm benefits from a shift toward household products amid broader market uncertainty and easing inflation, while Meade projects earnings growth and a potential price premium versus the S&P index.
MENTIONED IN THIS ARTICLE
Robert Metz
New York Times
New York
Procter & Gamble
Wall Street
Colossus of
Cincinnati
P&g
John G. Smale
Daniel J. Meade
First Boston Corp
Procter & Gamble in Iowa City Cuts 20 Jobs
Thirty-lifth? No. The Iowa City Procter & Gamble plant laid off 20 workers after a Crest toothpaste gel launch. Distribution manager Joseph Segreti said firings reflect temporary production surges from new products, with most affected employed less than six months. The facility makes Crest Gleem Lilt Scope and several P&G toilet goods.
MENTIONED IN THIS ARTICLE
Procter & Gamble
P&g
Standard & Poor
Iowa City
Procter & Gamble Manufacturing
Joseph Segreti
Segreti
Crest and Gleem
Lilt Home
Scope
Business failures soar as 529 firms close in week ending Feb 11
New York agencies report a record 529 business closures for the week ending February 11, far above the prior week and year earlier. Dun & Bradstreet notes Retailers hit hard amid weak December sales and cautious forecasts for the first quarter.
MENTIONED IN THIS ARTICLE
New York
UPI
Dun & Bradstreet Credit Rating Company
D&b Business Economic Department
D&b
IRS eases travel expense rules and allows reasonable amounts
Commerce Clearing House reports that new IRS instructions permit reasonable amounts for business travel deductions when exact documentation is lacking. Taxpayers must prove time place purpose and expenses by collateral evidence if records are incomplete, but base record keeping remains unchanged.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Commerce Clearing House
CCH
IRS
Real Estate Firms Change Ownership in Cedar Rapids
Two longtime Cedar Rapids real estate companies are changing hands. Hedges Associates Inc. will be sold to Ron and Kay Baty and Carl Esker, with the firm’s name remaining. Byers and Happel will have Scott Byers as president after buying majority ownership, keeping the 211 First Ave. SE address, while James Happel heads the agricultural arm through Happel Realty.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Hedges Associates Inc
Byers
Happel
J. Thomas Hoegen
Hedges Firm
Ron
Kay Baty
Carl Esker
Batys
Mr. Esker
Byers and Happel
Scott Byers
James Happel
Hoegen
Hedges
Second St. SE
J. George Erzinger
Mark Donohue
Robert Leedom
J. Robert Wickersham
Baty
Esker
George T. Hedges
First Ave. SE
Craig Byers
Happel Realty
Coventry Gardens
First Ave
Stocks Inch Up on Heavy Volume as Dow Edges Higher
Stocks posted a modest gain on Thursday with heavy trading. Dow Jones rose to 828.96 as Dow Chemical led activity with a 4 million share block, Sears and Boeing also active, while the American Exchange fell and volume surged to the day’s peak in three weeks.
MENTIONED IN THIS ARTICLE
New York
UPI
Reagan
Dow Chemical
Standard & Poor
Dow
Salomon Brothers
Sears
Roebuck
Goldman Sachs & Co
Boeing
Texaco
Procter & Gamble
Supron Energy
Wang Laboratories
Houston Oil Trust
All Savers rate rises to 10.79 percent
The Treasury says the tax exempt All Savers certificate rate will rise to 10.79 percent starting Sunday, the fourth straight monthly increase, with the 10.76 percent rate ending Saturday. The new rate lasts through March 20 and applies to one year certificates with tax exclusions of up to 1000 for individuals and 2000 for couples.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury Department
Treasury
Eastern Central Motor Carriers announces freight rate rise
The Eastern Central Motor Carriers Association based in Akron Ohio said rates will rise 6.5 percent on less than truckload and 4.5 percent on truckload shipments starting in April. Overall impact about 6 percent with meats iron and steel exceptions. ICC approval needed.
MENTIONED IN THIS ARTICLE
Eastern Central Motor Carriers Association
Akron
Ohio
Iowa
New England
Middle Atlantic
Interstate Commerce Commission
Also Mentioned on This Page
S&p
Meade
Johnson
Grumman Aerospace
United Fire and Casualty Co
Rockwell Project
EL Segundo
Calif
American Telephone & Telegraph Co
At&t
Mexico City
Banco de Comercio
U.S
Cee
Joelkers
7Th St. S.E
P.O
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!