Ar Jay division develops vinyl window manufacturing
Cedar Rapids firm Ar Jay Building Products launches a new division to make lightweight energy efficient vinyl windows at its H Street SW site. Eight employees on a single shift will produce parts and finished units for Iowa and northwest Illinois, with plans to expand to Missouri and Nebraska as demand grows.
MENTIONED IN THIS ARTICLE
George C. Ford
Richard Felter
Array
John Maehl
Ar Jay
H Street
Felter
Maehl
North County
North Country
Iowa
Illinois
Missouri
Nebraska
Council Street
Ar-Jay
Ar- Jay
Fisher Controls
Marshalltown
John McIvor
Rick Kach
Array Building Products
Cedar Rapids
Vinyl Therm
Minneapolis
Greyhound to Buy Purex Consumer Unit for 264 Million
Greyhound Corp announced a definitive contract to acquire Purex Industries consumer products division for 264 million dollars. The unit markets Purex bleach and detergents, Brillo pads, Sweetheart soap, Ellio's pizza and other brands.
MENTIONED IN THIS ARTICLE
Phoenix
Ariz
John W. Teets
Greyhound Corp
Greyhound
Purex Industries
Purex
Ellio
PBS to broadcast stock quotes for new revenue stream
PBS will launch a stock quotations and financial news service for PC subscribers facing federal aid cuts. The venture, formed with IBM and Merrill Lynch, aims to generate tens of millions of dollars annually.
MENTIONED IN THIS ARTICLE
New York
Public Broadcasting Service
PBS
International Business Machines Corp
Merrill Lynch & Co
Sears to roll out new general credit card with savings feature
Sears Roebuck and Co plans a pilot nationwide launch of an unnamed general purpose credit card with a savings account feature to compete with Visa and MasterCard. The card will offer significant savings for consumers and businesses and will be honored alongside the existing Sears credit card.
MENTIONED IN THIS ARTICLE
Chicago
Sears, Roebuck and Co
Visa
MasterCard
Sears
Refiner coalition urges gasoline import quotas
Independent oil refiners urged the Reagan administration to set import quotas on gasoline saying lack of limits could drive domestic refineries out of business and leave the US dependent on foreign producers. The coalition spoke at a news conference detailing potential price hikes at the pump.
MENTIONED IN THIS ARTICLE
Washington
United States
Interest rates push broad stock market lower
The New York stock market fell broadly as rising rates deterred investors after Paul Volcker signaled the Fed would maintain caution. The Dow dropped to 1279.04, with volume slipping to 104.02 million shares. Auto stocks slid with GM, Ford, and Chrysler losing ground.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
New York Stock Exchange
Paul Volcker
Federal Reserve Board
Fed
Volcker
Commerce Department
Treasury
General Motors
Ford Motor
Chrysler
Reagan
Bill Brock
U.S
Congressional
Money supply up $2.2 billion in February
The Federal Reserve reported a $2.2 billion rise in the nations money supply in mid February to a seasonally adjusted $567.4 billion for M1 for the week ended Feb. 11. Analysts saw the increase fitting a three month growth pattern and many expected the Fed to keep policy steady.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
Maury Harris
PaineWebber Inc
Money Market Services Inc
Belmont
Calif
Paul Volcker
Senate
Harris
Maria Ramirez
Drexel Burnham Lambert
Elliott Platt
Donaldson, Lufkin & Jenrette Securities Corp
Commerce Department
Universal chief named president of Pettibone
Donald R. Conway, president of Universal Engineering Corp., is named to succeed James A. Miller as Pettibone president. Conway, a 35 year Universal veteran and Pettibone director since 1982, will move to Chicago while Miller guided a two year realignment. No replacement named yet for Pettibone. Roger Palmer becomes executive vice president at Universal.
MENTIONED IN THIS ARTICLE
Donald R. Conway
Universal Engineering Corp
Cedar Rapids
James A. Miller
Pettibone Corp
Universal
Conway
Pettibone
Miller
Universal and Hammermills Inc
Beardsley & Piper
Chicago
Purdue University
Windy City
Universal Engineering
Hammermills
Roger Palmer
Dollar hits new highs as gold slides below $300
The dollar rose to record levels against the British pound French franc and Italian lira while gold dropped under 300 an ounce to 299.00 in London and 299.75 in Zurich. Traders cited expected rate cuts and a strong US economy with 4.9 percent Q4 growth.
MENTIONED IN THIS ARTICLE
New York
U.S
Republic National Bank
Federal Reserve and
Morgan Guaranty Trust Co
Frankfurt
International Monetary Market
Chicago
Tokyo
London
Zurich
Hong Kong
Also Mentioned on This Page
Minneaspolis
Blairs Ferry Road
Money Briefs
Purex Consumer Unit
Videotext Venture
Donald Conway
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