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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 04, 1990
Page
17
Meredith Corp of Des Moines completes sale of SAIL magazine to Cahners Publishing Co. Terms not disclosed. SAIL is the leading U S sailing magazine and Cahners, Newton MA, already runs two boating titles.
Northwest Airlines chairman Alfred Checchi asked for a meeting with the International Association of Machinists to discuss a possible purchase of Eastern Airlines. A union spokesman said the talks are exploratory and officials at Northwest declined to comment on a takeover target.
More than 40 foreign ambassadors will visit 16 Iowa communities including Cedar Rapids as part of Grassley’s Iowa International Trade Symposium III from Aug 26 to 31. The tour showcases Iowa products at factories farms and universities with funding from local businesses and Iowa industries.
The Commerce Department shows May orders for manufactured goods up 2.1 percent after April drop. Chief economist Robert G Dederick of Northern Trust cautions the gain may be a false dawn. Government data indicate renewed activity in the factory sector with questions about sustainability.
Rockwell International's Collins Defense Communications unit in Cedar Rapids earned a 39.8 million dollar Air Force contract for high frequency radio equipment to be used with the AN ARC 190 system. All work will stay in Cedar Rapids, with no new jobs expected.
The Dow rose to 2,911.63 as General Mills jumped 14 to 90 rebounding from recent losses. Overall market gains were modest in preholiday trading with 834 up and 503 unchanged on the NYSE and Eastern Iowa stocks showing mixed moves. United Fire & Casualty climbed to 34 while Quaker Oats and others slipped.
Guidance on whether to pursue home improvements, prioritizing high value changes like kitchen and bathroom updates, lighting, and outdoor decks. Advises consulting a real estate appraiser, considering cost versus home value, and using a Home Equity Loan for financing with tax deductibility on improvements.
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