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!
This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 24, 1992
Page
21
Firstar Corp owner of Firstar Bank Cedar Rapids announced 1991 earnings of 134.3 million up 17.3 percent with fourth quarter at 35.5 million. Non performing assets fell 29.6 million to 108.5 million, about 1.43 percent of loans.
First Community Bancshares of Milton Wisconsin has agreed to acquire Citizens Savings Bank of Anamosa from Ernie and Lester Buresh for an undisclosed price. The sale awaits state and federal approvals and is targeted for completion by June 30. The bank reported assets of 61.9 million and a 1991 third quarter profit of 285 thousand.
U.S. stocks declined as interest rate worries outweighed a prior rally. The Dow fell 29.07 points to 3226.74 while the NYSE reports 7 declines for every 6 advances and volume near 229.68 million shares. Center Corp jumped after announcing it hired bankers to study options including a possible sale. Procter & Gamble, U S Cellular, General Mills, and MCI Communications traded higher amid a wavering market.
AT&T posted an 83 percent 1991 profit drop to 522 million dollars 40 cents a share after a 4.2 billion charge for a restructuring and 14 000 job cuts. Fourth quarter earnings fell 22 percent to 635 million dollars 48 cents a share from 809 million and 64 cents a share in 1990. Revenue rose to 44.65 billion dollars. Industry expectations were modestly higher.
The Iowa Utilities Board and the Iowa Department of Economic Development commission a 300000 study to map Iowa telecommunications needs for business health care and industry. The project will rate aggressive to conservative deployment, assess costs and benefits, and propose policy steps with a consulting firm and funding from three sources. Potential rate payer cost questioned as to whether benefits will exceed expenses.
Centel Corp announced it is exploring a sale to avoid a takeover as consolidation pressure grows in the telecom sector. Centel operates local exchange service in seven states with about 1.6 million access lines and cellular systems in 44 metros. The Chicago firm posted Q4 net income of $24.4 million or 28 cents per share, up from $14.3 million or 16 cents, year over year.
Discover Credit Services canceled thousands of pre approved credit card accounts after improper screening. Estimates range from 20 000 to 50 000 applications mailed late last year, with up to 20 000 accounts possibly closed after the mailing. Beth Metzler notes some accounts bypassed standard credit quality procedures.
The Company Doctor stresses that starting a new business hinges on marketing above all. Scott Clark advises a detailed target market analysis, a strong marketing plan, financing strategy, and a clear path to profitability, warning that neglecting marketing undermines success.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.