This Week Watch for Economic Reports And Bond Issues
Commerce and Treasury reports loom this week with durable goods manufacturing leading indicators and December budget data due. Major new bond issues include $150 million Hospital Corp of America debentures and various municipal notes and revenue bonds across several states. Local meetings include the Cedar Rapids Marion Chamber dinner and a 16th Avenue Commercial Club gathering with real estate and computer program discussions.
MENTIONED IN THIS ARTICLE
Commerce Department
Treasury Department
Salomon Brothers
United Press International
Hospital Corp. of America
Assoc
Citicorp
Cedar Rapids-Marion Area
Yen Ching’s
Armar Drive
Concorde Passenger Records Shatter in 1981 Flights
Air France reports 67,119 Concorde passengers for 1981 with a 65.3 percent load, while British Airways carried 124,370 on London to New York trips at 75 to 80 percent overall. Fred Finn, a Berkley Heights salesman, logged 400 Concorde trips. Over half of 1981 passengers were repeat travelers.
MENTIONED IN THIS ARTICLE
New York
UPI
Air France
British Airways
London
Paris
United States
Fred Finn
Berkley Heights
N.J
Empire Pencil Company
Shelbyville
Inland tax form changes for 1981 income returns
Washington AP reports adjustments in the 1981 tax system. The first stage of the individual tax cut has been factored into tax tables, with changes to exemptions, new lines on Form 1040, and eligibility for Form 1040A under higher income limits. The article previews adoption expense deductions and home sale exemptions, noting further reforms will take effect in 1982 returns.
MENTIONED IN THIS ARTICLE
Washington
Social Security
Credit card payments key to medical expense deductions
Debra Whitefield explains IRS rules on deducting medical bills. A charge on a credit card counts as payment, while unpaid or directly paid physician bills do not count until actual payment occurs. Questions to the Your Money column are answered generally.
MENTIONED IN THIS ARTICLE
IRS
Your
Los Angeles Times
Times Mirror Square
Los Angeles
Calif
Whirlpool, Westinghouse, Caterpillar earnings in 1981 rise and dip
Whirlpool reports 1981 earnings up to $3.46 a share on $2.505 billion sales, despite a fourth quarter drop. Westinghouse net income 1981 $438 million on $9.4 billion sales, with Teleprompter acquisition reducing Q4 by 13 cents. Caterpillar posts 1981 profit $578.9 million but Q4 falls to $103.3 million as sales drop. Denny's Q4 earnings rise 45 percent to $8.538 million on higher revenue and traffic.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Westinghouse Electric Corp
Teleprompter Corp
Solar Turbines International Division
International Harvester Co
New York
Denny's Inc
International Restaurant Chain
General Foods posts lower earnings in Q3 due to marketing costs
General Foods Corp reports net earnings of 40.74 million or 83 cents a share for the quarter ended Dec 16, down 31.7 percent from 59.62 million or 1.20 a share a year earlier. Net sales for the fiscal 1982 third quarter rise 33.3 percent to 2.105 billion, aided by Oscar Mayer & Co Inc acquisition in May 1981.
MENTIONED IN THIS ARTICLE
White Plains
N.Y
UPI
General Foods Corp
Oscar Mayer & Co. Inc
General Foods
Also Mentioned on This Page
New York State
E&g
Atchison, Topeka & Santa Fe Equipment Trust
Arkansas Power
Houston, Tex
Cuyahoga County
Ohio
Gulf Cst
Wste
Disp
Texas
Amoco
Mason County
Nat'l Rural
Washoe County
Auth
Nevada
Omaha
Gainesville
Fla
Farmington, N.M
Georgia
Tempe
Ariz
Platte River
Pwr
Colo
Elec
Mich
Jim Luther
Associated Press
By Debra Whitefield
Cedar Rapids
Marion
Benton Harbor, Mich
Whirlpool Corp
Westinghouse
Denny’s
Millhiser Smith Agency. Inc
Oakland Road
Perpetual
PS. Robertson
Iowa City
2Nd Ave
Westdale
Williams Blvd
Lindale Mall
Clinton
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