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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 10, 1996
Page
16
Taxpayers in 15 Eastern states receive an extra week to file quarterly estimated tax payments with the IRS as mail by January 22 counts as timely. The rule applies to those lacking withholding and due dates previously set for January 16.
The Dow falls 67.55 to 5,130.13 amid doubts about earnings growth for chip makers and tech stocks. Nasdaq drops 33.56 to 998.81 while broader indexes edge lower after blizzard delays. Investors seek protection ahead of stalled budget talks with President Clinton.
Firstar Corp announces a major management reorganization effective Feb 1 to align around core businesses and prepare for merging its five regional banks into a single entity. Executives will oversee community banking, commercial banking, and trust, with regional teams led by three executives each. Local bank presidents keep operations, while CEO Roger Fitzsimonds says the move trims nonessential costs and preserves local focus and tailored services.
At Macworld Expo in San Francisco Apple Inc. signals a bright future with new hardware software and Internet plans despite sagging profits and leadership changes. Jim Buckley Apple chief North American division addresses over 1 000 vendors and 75 000 attendees amid questions about the company’s fate. Power Computing unveils Power Curve Mac clones starting at about $1 850 with a late January shipment.
Ford Motor Co. announced $600 rebates or low-interest loans on most 1996 cars and light trucks to lift sluggish demand after a December sales drop of 9.2 percent. Analysts say price and appeal of the redesigned Taurus influence buyers, with base prices starting near 19,390 dollars and many models climbing above 21,000 dollars.
Potamkin Auto Centers offered to cover leases for up to 200 customers if Central Park snowfall exceeded four inches in a day. Just under three inches fell, allowing the dealer to edge a win as more than 200 leases totaling about 908000 dollars were signed. The company paid 32000 dollars for liability coverage and may run a similar promotion again.
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