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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jan 28, 1988

Page

23

Boeing rolls out the first 747-400 at Everett plant

Boeing unveiled the 747-400 before about 10,000 spectators at its Everett Washington facility. Northwest Airlines will receive the initial ten jets after testing. Rockwell Collins of Cedar Rapids holds a stake in the program and expects about $1 million in Collins equipment per plane, with total Cedar Rapids orders exceeding $100 million.

Boeing Boeing Aircraft Co Everett Wash Northwest Airlines Rockwell- Collins Cedar Rapids Company Ofrcial Collins

Rockwell to Fight Indictment Over Billing Charges

Rockwell International and two former managers face a federal indictment accusing conspiracy to defraud the government, multiple counts of mail fraud and hundreds of false claims. General Counsel Charles Harff defended the company. arraignment set for February 22 in federal court.

Rockwell International Charles Harff Harff Rockwell Los Angeles Air Force Justice Department Alo Robert C. Bonner Dus Donald Carter Downey Calif Robert Zavodnick Fountain Valley

Treasury auctions set for next week amid debt funding

Three quarterly refundings are planned to raise 27 billion dollars with 9.25 billion in three year notes on Tuesday, 9.59 billion in ten year notes on Wednesday, and 8.75 billion in 30 year bonds on Thursday bringing new cash and maturing-payoff funds. Note yields eased to 7.40 percent at the latest auction with a 7 percent coupon. Separately Marin Marietta Corp unit and GE division eye satellite launches potentially worth 750 million to 1 billion. London property prices rise with a 61 year lease offered at over 300000 dollars and a closet studio sale at 54750 dollars. Chrysler discounts up to 1500 on 1988 Dakota options. Air Midwest stake reaches 12.26 percent by Temple Galbraith and Hansberger of Nassau.

London England Mayfair Harrods Department Store

Market rises early lower at the close

The market began strong on a bond rally and ended mixed as program trading and profit taking altered the session. The Dow stood at 1 911.14 down 9.45 with 818 advancers 689 decliners and 420 unchanged on the Big Board.

Associates Press and Gazette New York Stock Exchange

Quaker Oats Reports Higher Quarterly and Six Month Earnings

Quaker Oats Co reports second quarter continuing operations earnings up 51 percent to 45.5 million on 1.23 billion in sales. Six month figures show 2.5 billion in sales and 180.2 million operating income with 1.08 per share. US Canadian Grocery products income fell 12 percent to 46.2 million due to higher advertising costs despite 2 percent higher unit sales.

Quaker Oats Co U.S Cedar Rapids

Chrysler to close Kenosha Wisconsin plant by Sept 30

Chrysler Corp will shut its aging Kenosha assembly and stamping plants by September 30, eliminating about 5,500 jobs. The company will keep an engine plant and said no other closings are planned for now. The move follows strategic reviews after merging with American Motors in 1987.

Detroit Chrysler Corp Kenosha Wis Chrysler Gerald Greenwald Chrysler Motors Owen Bieber United Auto Workers Union Richard Dauch St. Louis Lee Iacocca One Assembly Itis Wats AMC Cauch UAW Rudy Kuzel Anthony St. John Milwaukee American Motors Corp

Turnaround reported by Hawkeye Bancorporation

Hawkeye Bancorporation of Des Moines reports 1987 unaudited earnings of 1.33 per share with a $14.7 million net income after a prior year loss of $59 million. 1987 pretax earnings reached $9.3 million with $85.6 million in equity capital and total assets of $12 billion.

YES Moines Hawkeye Bancorporation of Des Moines Paul Dunlap Hawkeye Dunlap Hawkeye Banks Cedar Rapids United State Bank

Also Mentioned on This Page

U.S. Indictment Gazette Statt Reports Zavodnick Carter Pentagon Richard L. Oborn Washington Treasury Marin Marietta Corp Dodge Scouts Air Midwest Templetion, Galbraith & Hansberger Ltd Nassau The Bahamas Iowa Weyerhaeuser Quaker Oats Longview Fibre American Standard Black & Decker Eastman Kodak Procter & Gamble Co Federal Drug Administration Wisconsin Hawkeye Bancorporation Cityline Stock Guide Standard & Foo Gazette Standard & Poor’s Standard & Poor New York Ame P.O Cee Es Enrol Ig Smulekoffs EU Acareli Ag New England
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