Stracka Named President of Zahorik Co. California
Jim Stracka senior vice president of Life Investors Inc. Cedar Rapids was named president and chief executive officer of Zahorik Co. of California. Charles Zahorik becomes chairman of the board as Stracka joined Life Investors in 1969 and moved to California earlier this year to work with the Zahorik Company. The firm focuses on tax sheltered annuities deferred compensation and employee benefit programs for not-for-profit organizations.
MENTIONED IN THIS ARTICLE
Jim Stracka
Life Investors Inc
Cedar Rapids
Zahorik Co
California
Life Investors
Charles Zahorik
Stracka
Zahorik Company
Shareholders to claim $14 million from Micropro settlement
Investors Research Bureau reports many eligible holders who bought Micropro International stock in the first six months of its 1984 IPO and held or lost shares still have time to file for part of a $14 million securities settlement. Contact 100 Union Avenue, Cresskill, NJ 07626.
MENTIONED IN THIS ARTICLE
Micropro International Corp
Investors Research Bureau
The
Bureau
Union Avenue
Cresskill
N.J
Pettibone Corp Completes Chapter 11 Reorganization
Pettibone Corp of Chicago says it has completed a Chapter 11 reorganization. Helio Acquisitions CEO Pettibone Michael Heisley has completed a purchase of a controlling Pettibone common stock stake. The Chapter 11 filing occurred in January 1986. Universal Engineering of Cedar Rapids is listed as a Pettibone subsidiary.
MENTIONED IN THIS ARTICLE
Pettibone Corp. of
Chicago
Pettibone
Michael Heisley
Helio Acquisitions of
Universal Engineering of
Cedar Rapids
Money Supply Mixed in Late December Readings
The Fed reports M1 up by $900 million to $786.3 billion for the week ending December 26. M2 rose to $3,065.7 billion from $3,065.2 billion while the broader M3 declined to $3,900.0 billion from $3,902.4 billion.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Bilzerian pleads innocent in New York fraud case
Takeover speculator and Singer Co. chairman Paul Bilzerian pleaded innocent in federal court citing his intent to clear his name and resume buying firms. He was ordered to surrender his passport and released on a 500000 dollar personal recognizance bond with trial set for May 1.
MENTIONED IN THIS ARTICLE
Singer Co
Paul Bilzerian
New York
Bilzerian
Big Three Auto Sales Rise in Late 1988 Period
General Motors and Ford Motor sales surged in late December with GM averaging 14 656 cars daily and Ford 8 781 daily, up 42.2 and 26.4 percent respectively. Chrysler declined slightly. For the year GM sold 3.641 million, Ford 2.205 million, Chrysler 1.063 million with gains of 2.1 8.8 and 10.1 percent.
MENTIONED IN THIS ARTICLE
General Motors Corp
Ford Motor Corp
Ford
Chrysler Corp
Chrysler
Government Subsidy Ends For Tiny Atlanta Moultrie Flight
The federal government spent 379000 last year to subsidize flights between Atlanta and Moultrie Georgia. The two pilots operate two trips each way six days a week. Only 1301 tickets were sold at 79 dollars one way. The DOT aims to terminate the subsidy as the carrier warns the route will end if the subsidy is cut.
MENTIONED IN THIS ARTICLE
Atlanta
Moultrie
Department of Transportation
Eastern Atlantis Express
Stocks close at new post crash high
The Dow Jones rose to 2190.54 the highest close since the 1987 crash as volume rose and investors anticipated the December employment report. Eastern Iowa stocks showed mixed moves with leaders like W R Grace and Quaker Oats gaining while Longview Fibre and Nash Finch declined.
MENTIONED IN THIS ARTICLE
Iowa
W.R. Grace
Quaker Oats
Longview Fibre
Nash Finch
Retailers See Strong Christmas Sales Boost Across Industry
New York AP reports retailers surprised by a warm holiday with December sales rising 6 to 7.5 percent overall. Neiman Marcus posted a 12.2 percent gain in same-store sales while Limited Inc. saw 28 percent in such sales as apparel rebounds amid inflation.
MENTIONED IN THIS ARTICLE
General Motors
Sears Roebuck
Limited
Texaco
Sears
Coca- Cola
Exxon
International Paper
Alcoa
Wilshire Associates
New York
Jeffrey Edelman
Drexel Burnham Lambert Inc
Neiman-Marcus Group Inc
Limited Inc
Lawsuit Challenges New Homework Regulations in Five Industries
Unions and industry groups sue in U S District Court to void Labor Department rules permitting work at home in gloves and mittens buttons and buckles handkerchiefs embroideries and limited jewelry. They claim inadequate safeguards against wage and hour breaches and safety issues and seek reinstatement of the existing ban in knitted outerwear.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Organized Labor
Susan Cowell
International Ladies’ Garment Workers’ Union
Labor
Ann McLaughlin
Paula V. Smith
Reagan Administration
Bush
Insurer claims perpetual bondage in Proposition 103 case
Four Travelers subsidiaries face California Department of Insurance scrutiny over refused auto policy renewals after Proposition 103. Travelers plans to exit the state, arguing restrictions should not apply to pre–Prop 103 policies or to withdrawing companies. The hearing questioned immediate effects and renewal rules amid a court challenge to the measure.
MENTIONED IN THIS ARTICLE
San Francisco
California
State Department of Insurance
Kent Keller
Travelers
Keller
John Faber
Ralph Nader
State Supreme Court
Dan Kaferle
Department
Dividends Rise Only 11 Percent Amid Profitable Year
S and P reports S P 500 earnings up 40 percent in 1988 while dividend increases total 11 percent. Firms kept cash despite profits, awaiting a potential economic reversal after a long expansion. 1,705 dividend increases were recorded in 1988, up from 1,590 in 1987.
MENTIONED IN THIS ARTICLE
New York
S&p 500
Standard & Poor's Corp
Standard & Poor's
U.S
Rebates set on 2 GM divisions for 1989 and 1988 models
General Motors Chevrolet and Buick divisions announce rebates from 300 to 1000 dollars on select 1989 models and some 1988 models. Chevrolet offers 1000 on the Celebrity, 600 on the six cylinder Celebrity and Spectrum with manual, 400 on Corsica Beretta Sprint and Spectrum with auto, 300 on Cavalier. Buick offers 750 on Electra and Park Avenue, 500 on Regal and Skylark, 400 on Century and LeSabre. End dates vary by division, February 28 for Chevrolet and March 2 for Buick.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chevrolet
Buick
Milken Faces Plea Pressure Amid Drexel Settlement
New York AP reports Michael Milken faces strong pressure to strike a plea deal as Drexel Burnham Lambert admits to criminal charges. Milken, linked to the Boesky case, may be indicted on fraud and racketeering unless he pleads guilty for leniency. Drexel agreed to a $650 million fine and cooperation.
MENTIONED IN THIS ARTICLE
New York
Drexel Burnham Lambert Inc
Michael Milken
Milken
Drexel
Ivan F. Boesky
Also Mentioned on This Page
PPG Industries
Pittsburgh
Associated Press and Gazette
Federal Reserve
Fed
Tokyo
Tokyo Stock Exchange
Homework Rules
John King
Associated Press
U.S. District Court
Garment Workers’ Union
Amalgamated Clothing and Textile Workers Union
Service Employees International Union
Pennsylvania
Patricia Staggs
Staggs
Saigon
Sun
First Ave
Cedar River Tower
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!