Comprehensive Systems to market Norand hand held terminals
Comprehensive Systems of Miami will market Norand Corp hand held computer terminals. Curtice Burns Foods raises National Oats quarterly dividend to 15 cents per share after a 3 for 2 stock split. T and K Roofing opens Storm Lake division office to serve northwest Iowa. Vincent Metals Division buys four Whittaker Metals plants in Texas Oklahoma and Louisiana expanding Cedar Rapids branch network to 16.
MENTIONED IN THIS ARTICLE
Comprehensive Systems of
Miami, Fla
Norand Corp
Cedar Rapids
Curtice Burns Foods
T&k Roofing Co
Ely
Storm Lake
Iowa
Telecom USA to acquire ALC Communications in $97.1 million deal
Atlanta based Telecom USA signs a letter of intent to buy Birmingham Michigan's ALC Communications Corp in a cash and stock transaction valued at about 97.1 million. Allnet will join as Telecom USA's third regional division with expected earnings dilution in 1990. Wall Street reacts with a 2 percent stock drop to 21 percent.
MENTIONED IN THIS ARTICLE
Telecom*usa Inc
Birmingham
Mich
Telecom*usa
Teleconnect Co
Cedar Rapids and
SouthernNet
Atlanta
ALC Communications
ALC
Telecom*xusa
Allnet Communications
Allnet
Northeast
Upper Midwest
West
Ameritech
Nynex
Telecom*xusa Midwest
Cedar Rapids
Wall Street
Sears Best
Sears Optical
Sears
Banks Cut Prime Lending Rate To 10 Percent
Major banks lowered the prime rate by half a point to 10 percent in a move approved across the sector. The reduction, first since July, reflects easing money costs after Federal Reserve policy shifts.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Central Bank
Joe
Joan
F. Ward McCarthy
Stone & McCarthy Research Associates Inc
First National Bank of Chicago
Citibank
Sharp price swings for East Iowa stocks
News of a cut in the bank prime rate sparked a moderate stock market rally Monday. The Dow rose 21.12 to 2794.37 as NYSE volume edged down and East Iowa shares showed mixed swings with Banks of Iowa and several blue chips advancing amid regional activity.
MENTIONED IN THIS ARTICLE
Iowa
Telecom*usa
Banks of
Procter & Gamble
Pennest
Philip Morris
Ity
Exxon
American Telephone & Telegraph
Coca-Cola
General Electric
International Business Machines
Pacific Telesis
Nynex
Southwestern Bell
Bell South
Germany
Helvetia Fund
Austria
Malaysia
India
T-bill rates dip on short term Treasuries
Treasury auctions show three month bills at 7.57 percent discount, six month bills at 7.44 percent, both down from last week and near their lowest levels in months. The annualized yields reach 7.83 percent for three months and 7.84 percent for six months. Federal Reserve notes one year bills rising to 7.82 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Honda Accord Tops U.S. Car Sales for First Time
DETROIT AP For the first time a foreign nameplate car leads U.S. sales with 362,707 Accords sold in 1989. About 60 percent were made at Honda's Marysville Ohio plant. the rest came from Japan. Other top five includes Ford Taurus 348,061 Ford Escort 333,535 Chevrolet Corsica Beretta 326,006 and Cavalier 295,715.
MENTIONED IN THIS ARTICLE
Detroit
United States
Honda
Marysville
Ohio
Japan
Doskocil Names New President and COO
Ronald Mercer elected president and chief operating officer of Doskocil Cos. of Hutchinson Kansas after Doskocil’s acquisition of Wilson Foods. Mercer replaces resigning David Smoak and previously led Wilson Foods as CEO and chaired Wilson Brands since October.
MENTIONED IN THIS ARTICLE
Ronald Mercer
Doskocil Cos
Hutchinson, Kan
Doskocil
Wilson Foods
Farmstead Foods
Cedar Rapids
Albert Lea
Minn
Mercer
David Smoak
Wilson Brands
Wilson
Also Mentioned on This Page
Norand
T&k
Vincent
Tribune Media Services, Inc
George Washington
Potomac
Telecomxusa
Michigan
George C. Ford
O. Gene Gabbard
Associated Press and Gazette
Professional Eye Care Service
America
Eyewear Express
of Professional
Ane
Cedar Rapids Lindale Plaza
Iowa City
Sycamore
DuraSoft
Dubuque
S. Locust St
Waterloo
Crossroads
Jim Cole
Jim
Millhiser Smith Agency
Oakland Rd
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