Artzt Named P&G Chief Executive In Cincinnati
Edwin Artzt takes over as chairman and CEO of Proctor & Gamble succeeding John G. Smale who retired. Smale remains a director and employee while John E. Pepper will lead the international arm. P&G runs a plant in Iowa City. Treasury rates eased in Tuesday’s auction with three month bills at 7.64 and six month bills at 7.52 discount. Nissan announces 1990 sedans price hikes of about 1 percent increasing Sentra to 7399 Stanza to 11650 and Maxima to 17899.
MENTIONED IN THIS ARTICLE
Edwin Artzt
Proctor & Gamble Co
Cincinnati
John G. Smale
Smale
Artzt
P&g
John E. Pepper
Proctor & Gamble
Iowa City
Treasury
Treasury Department
Nissan Motor Corp
Airline group lauds Northwest for bomb threat acknowledgment
The Airline Passengers Association praised Northwest Airlines after a bomb threat last week and the option to cancel bookings. More than 100 travelers gave up seats on Flight 51 from Paris to Detroit. The association sent a letter to Northwest President Alfred Checchi expressing support for the decision. The report also notes housing affordability up in November as the National Association of Realtors cites an index of 105.8, with a median income of 33,482 needed to buy a 93,000 home.
MENTIONED IN THIS ARTICLE
Northwest Airlines
Paris
Detroit
Airline Passengers Association
Northwest
Alfred Checchi
National Association of Realtors
Dow soars to new closing high on first trading day
The Dow Jones industrial average climbed 56.95 points to 2810.15 on Tuesday as optimism over rates spurred broad buying. Volume showed 1257 advances to 412 declines, with 333 unchanged, led by IBM General Electric and semiconductor shares in a 3 to 1 gain ratio.
MENTIONED IN THIS ARTICLE
Wall Street
IBM
General Electric
General Motors
Philip Morris
Hewlett Packard
Dennis Jarrett
Kidder, Peabody & Co
Wilshire Associates
Massive RTC Asset Listing Publishes 3000 Pages of Properties
The Resolution Trust Corp releases a 3000 page inventory of 30,123 properties from failed thrifts in 35 states. Listings include a Dairy Queen in Woodland Park Colorado a golf course on South Padre Island Texas and numerous nursing homes theaters condos marinas churches and homes. The plan urges quick sales to fund further resolutions with updates every six months.
MENTIONED IN THIS ARTICLE
Washington
Savings Institution
Resolution Trust Corp
S&l
Woodland Park
Colo
South Padre Island
Texas
Treasury
Nicholas Brady
RTC
S&ls
Associated Press
Maine
Vermont
West Viginia
North
South Dakota
Car and truck sales dip in mid-December 1989
North American made car and light truck sales fell 18.6 percent in the Dec 11 20 period from a year earlier. The Big Three Chrysler Ford and GM saw a 22 percent drop while foreign produced autos rose overall. December 1988 had a higher selling rate as incentives lured buyers before year end.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Chrysler
Eastern cuts fares to rebuild after strike
Eastern Airlines announced fare cuts of up to 45 percent and eliminated cancellation penalties to revive its business after a strike disruption. Continental plans a 4 percent fare rise amid higher jet fuel costs, while Northwest announces a $6 fuel surcharge per domestic ticket starting Jan 10 and seeks foreign approval for international flights.
MENTIONED IN THIS ARTICLE
New York
Eastern Airlines
Eastern
Continental Airlines
Northwest Airlines
Continental
Houston
Texas Air Corp
Art Kent
Construction spending climbs to 10 month high in November
U S government data show total outlays rising 1.5 percent to a 421.7 billion dollar annual rate, the strongest since January. A 7 percent gain in government spending aided the rise with disaster-related spending cited by analysts as partially supporting the jump after Hugo and the Northern California quake.
MENTIONED IN THIS ARTICLE
Washington
David Berson
Federal National Mortgage Corp
Commerce Department
South Carolina
California
Berson
IRS urges ignore surtax line on 1989 tax forms
IRS Commissioner Fred Goldberg told NBC Today that millions of seniors can ignore the line about a Medicare catastrophic health coverage surtax. He noted Congress did not decide to repeat the coverage until December and promised refunds for any overpayments. The surtax could have reached $800 for about 5 percent of Medicare eligibles as 107 million returns were mailed with due date April 16.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Fred Goldberg
NBCTV
Today
Congress
Goldberg
Getting a Social Security number for dependents
A older 1986 reform requires dependents age 2 and up to have SSN for tax deductions. SSA offices expect a surge of applications with a 2-3 week card delivery. apply now to avoid April delays. Obtain SS-5 forms, provide birth records, ID, and evidence of identity. Card itself is free. beware a private firm offering to handle paperwork for a fee.
MENTIONED IN THIS ARTICLE
Social Security Administration
SSA
Social Security
Federal Record Service Corp
Also Mentioned on This Page
New P&g
Nissan
Dow
Associated Press and Gazette
Iowa
National Association of Purchasing Management
Federal Reserve
Sylvia Brim
Brenton Financial Center
Cedar Rapids
Annuities Life Insurance
Iras & Tlas
Mutual Life Insurance Company
Des Moines
Principal Financial Advisors, Inc
Principal Financial Group
AG. Edwards
A.G. Edwards
KIIN
AG Investments
2Nd St. SE
SCI
Securities Corporation of Iowa
Second Avenue
Bondy
Susan Bondy
America Syndicate
Davi Bosworth
Dain Bosworth
First Street
S.E
New York Stock Exchange
AED
SIPC
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