United Airlines seeks 2 percent fare hike across the board
Airlines push to raise domestic fares as United plans a 2 percent increase effective March 3 aiming to curb heavy losses. The move prompts questions whether rivals will follow in the tightening industry environment.
MENTIONED IN THIS ARTICLE
New York
United Airlines
United
Hog and cattle farmers in Iowa endure steep losses in January
Iowa State University economists report January losses for hog producers mark the largest monthly drop since the start of an unprofitable period in November. Hogs averaged 39.20 per 100 pounds, the lowest since April 1989 and 17 below July 1991. Cattle averaged 73.30 per hundredweight, up 5.20 from December but 7.50 below the April 1991 peak.
MENTIONED IN THIS ARTICLE
AMES
Iowa State University
John Lawrence
Whiting Petroleum Merges with IES Industries
Shareholders approve the merger making Whiting Petroleum a subsidiary of IES Industries in a tax free reorganization. Whiting shareholders receive 1000 IES common shares for each Whiting share as Ken Whiting remains CEO. IES sees the move as a strategic diversification into oil and gas assets.
MENTIONED IN THIS ARTICLE
Whiting Petroleum
Denver
Colo
IES Industries
Cedar Rapids
Whiting
IES
Ken Whiting
Blake Fisher
Company renames and rebrands to boost sales
A business announces a strategic name and product line change to sound more Japanese in hopes of stimulating sales. The move signals a shift in branding and target market, with executives citing consumer perception as a driving factor.
Americans Face Gloom as Poll Finds Worries Over Money Rise
Nearly four in ten say finances worsened under the Bush administration and 37 percent report worse personal finances. The Americans and Their Money poll also shows 40 percent fear bank safety, 55 percent see a recession, and money dominates thoughts over sex at 76 percent.
MENTIONED IN THIS ARTICLE
New York
Money Magazine
Bush
Profol wins support for Cedar Rapids foil plant funding
The Iowa Economic Development Board approved a 75000 forgivable loan for American Profol Inc. to build a 13.4 million plastic foil plant in southwest Cedar Rapids. A 100000 rail grant is sought to extend a line to the site, with construction set to begin next month and production planned for fall.
MENTIONED IN THIS ARTICLE
George C. Ford
Rail and Water Division
the Gazette
Iowa Transportation Commission
American Profol
C Street
Profol
U.S
Cedar Rapids
Iowa City
FMC
Bowling Street
Allen Merta
Cedar Rapids Area
Iowa Bucked Trend With Fewer 1991 Business Failures
The Associated Press report notes Iowa's business failures dropped 47.9 percent in 1991 to 288 firms from 553 in 1990, with unpaid debt falling 36.8 percent to 50.8 million. Nationally, failures rose 43.7 percent to 87,266, while New England led with 5,590 failures.
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Boston
Gillette Co
Alfred Zeien
Gillette
Braun Electric
Zeien
Associated Press and Gazette
Lowa
Dun & Bradstreet Corp
New York
Iown
Dun & Bradstreet
New England
Massachusetts
Kwik Way files plan to reorganize in bankruptcy case
Kwik Way Industries Inc of Marion filed a Chapter 11 plan with the U S Bankruptcy Court in Cedar Rapids. The company cited cash flow problems from a sluggish economy and proposed debt restructuring new operating capital and a revised union labor agreement. The plan aims for court and creditor approval by April 20 amid improving customer orders.
MENTIONED IN THIS ARTICLE
Kwik-Way Industries Inc
Marion
U.S. Bankruptcy Court
Cedar Rapids
Kwik-Way
Recovery fuels Dow Jones to new closing high
The Dow Jones industrial average rose 50.32 points to 3,280.64 as investors bet on an economic recovery. Coca-Cola jumped 2 1/2 to 79 1/2 after a 2-for-1 stock split and dividend raise, Disney gained 6 to 151, Merck rebounded, and United Airlines and other airlines advanced as market breadth favored gainers.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iawa
General Mills
International Paper
United Technologies
United Fire
Weyerhaeuser
Procter & Gamble
W.R. Grace
Norwest
Wal-Mart
ADM
Coca-Cola
Walt Disney
Disney
Merck & Co
Dow
Merck
Salomon Brothers
UAL
AMR
Delta Air Lines
The Company Doctor critiques MOC credit card surcharge
Scott Clark argues that Major Oil Company charges 4 cents extra per gallon to cardholders, masking it as a cash discount. He urges better credit screening and for customers to abolish the card, urging readers to contact The Company Doctor column in The Cedar Rapids Gazette.
MENTIONED IN THIS ARTICLE
MOC
Cedar Rapids
500
Third Ave
Iowa
Scott Clark
Marion
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Paul Magnuson
Susan Greenwood Olson
Whiting UK
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The
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Profol Gmbh
Halsing
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Iowa Department of Economic Development Bureau of Business Finance
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