Aspartame Cleared for Soft Drink Use by FDA
The FDA expands approval of aspartame to include carbonated soft drinks, with Searle stating the notice will take effect next week after Federal Register publication. Analysts foresee wide use and potential sales growth, noting cost and taste advantages as well as lack of a cancer warning for blends with saccharin.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Food and Drug Administration
G.D. Searle & Co
Skokie
Federal Register
FDA
Searle
Canada
Denmark
Sweden
Ireland
Robert Shapiro
NutraSweet
George Thompson
Prudential Bache Securities Inc
New York
Thompson
Supreme Court backs whistleblower in Equity Funding case
The Supreme Court ruled 6 to 3 that Raymond Dirks did not breach securities law by informing others about Equity Funding's fraud before notifying the SEC. The decision centers on whether insiders who relay critical information to others breach duties without personal gain. The ruling preserves private initiative in uncovering violations while SEC charges were dismissed.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Wall Street
Raymond Dirks
Equity Funding Corp
Dirks
Securities and Exchange Commission
SEC
Justice Department
Equity
Lewis F. Powell
Orion Capital Corp
Commission
Light trading lifts stocks with notable gains on shears list
The market edged higher on light volume as the Dow rose 3.30 to 1225.26 amid a thin session ahead of the Independence Day weekend. Gains came from several “uncommon values” on Shearson's list, including Presley Cos and Storer Communications, with broad indexes up modestly and NASDAQ and AMEX finishing higher.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Wall Street
Shearson-American Ex
Shearson
Presley Cos
Butler International
Storer Communications
General Signal
Commercial Metals
Chicago
Interworth
M-A-Com
Miller-Wohl
Chi-Chi’s
Money supply up $600 million in third week of June
The Federal Reserve reported M1 rose by $600 million in the week ended June 22 to $511.8 billion, surprising Wall Street as rates climbed and bonds fell. Economist David Jones warned of potential tighter credit and higher prime rates amid easing inflation fears and a modest revival in economic activity.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
New York
Federal Reserve Board
Wall Street
David Jones
Aubrey G. Lanston & Co
Jones
Eral Reserve
Treasury
AMC Announces 1984 Renault Encore and Alliance Prices
American Motors Corp unveiled tentative 1984 Renault Encore prices starting at 5,755 with five models and three and five door options. The Renault Alliance rises to start at 5,959, with the top Alliance Limited four door at 8,014.
MENTIONED IN THIS ARTICLE
American Motors
Detroit
American Motors Corp
Renault Alliance
AMC
U.S
Chrysler Corp
Iowa thrifts merge with federal help
The Federal Home Loan Bank Board approved the merger of Mutual Federal Savings and Loan Association of Mason City into American Federal Savings and Loan Association of Iowa in Des Moines. The deal links Mutual Federal’s six offices and 117 million dollars in assets with American Federal’s 25 offices and 950 million dollars in assets. FSLIC will provide seven point four million dollars in cash support, with American Federal repaying two point four million dollars from 1986 to 1990.
MENTIONED IN THIS ARTICLE
Washington
Iowa
Federal Home Loan Bank Board
Mutual Federal Savings and Loan Association of
Mason City
American Federal Savings and Loan Association of Iowa
Des Moines
Mutual Federal
American Federal
Bank Board
Cedar Rapids
Federal Savings and Loan Insurance Corp
Iowa faces 10 percent minority setaside clash in highway funds
Iowa officials confront a federal rule to reserve 10 percent of highway money for minority owned firms. Governor Branstad defends the policy while contending the target may be too high for Iowa's 2.7 percent minority population. Critics note limited access for small MBEs and round figures on bid shares.
MENTIONED IN THIS ARTICLE
Harrison Weber
Spaper Association
Des Moines
Iowa
Terry Branstad
Gerald Manatt
Brooklyn
Iowa Racing Commission
Branstad
Manatt
Racing Commission
Knoxville
Manatt Inc
The
Grundy Center
L.C
Bud) Pike
Pike
Iowa Bankers Association
Joe Jones
Small Business Administration
Jones Construction Co
Black Hawk County
Manatts
Ray Henley
Associated General Contractors of
MBE
Iowa Department of Transportation
Henley
DOT
Iowa Dot
Large pact for Rockwell
An Air Force agency exercised a $12.3 million option on a Rockwell Collins contract at the Cedar Rapids plant for modernization of high frequency equipment. All items will be built in Cedar Rapids by Collins Telecommunications Products Division, including 691 ARC-190 receiver transmitter units with controls and 300 probe antenna couplers and related mounts and kits. Deliveries begin in October and December. the original June 1979 contract covered the program.
MENTIONED IN THIS ARTICLE
Air Force
Rockwell-Collins
Cedar Rapids
Collins Telecommunications Products Divison
Farmland Foods plant workers approve contract end strike
In Iowa Falls 300 Farmland Foods employees voted 137 to 97 to accept a contract ending a one week strike. Local P1169 of the UFCW said the pact includes wage and benefit concessions though details were not released. Workers return to the plant July 11 after the contract expired June 26.
MENTIONED IN THIS ARTICLE
Iowa Falls
Farmland Foods Inc
United Food and Commercial Workers Union
Farmland
Estherville workers near vote on reopening plant pact
The United Food and Commercial Workers Union and John Morrell and Co reach a tentative agreement to reopen the Estherville plant. Local president Virgil Bonner says workers may vote on the pact next week and union VP Lewie Anderson will visit to discuss the deal with employees.
MENTIONED IN THIS ARTICLE
Estherville
United Food and Commercial Workers Union
John Morrell & Co
Virgil Bonner
United Food and Commercial Workers International
Lewie Anderson
Construction spending up in May amid housing revival
May construction outlays rose 3 percent led by housing gains. Private construction rose 3.9 percent to an annual $205.7 billion with residential up 4.9 percent and nonresidential up 2.8 percent. Public construction fell 0.6 percent while state and local spending increased 2 percent and federal declined 7 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Robert Dederick
Commerce For Economic Affairs
May
Also Mentioned on This Page
Martin Andreas
ADM Foods
Andreas
G.D. Searle
Food and Drug Administration
United States
Exchange
Standard & Poor
S&p
Popular Alliance
Joseph E. Cappy
Thrifts
Rockwell
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