Rockwell lands Air Force contract in Cedar Rapids
Rockwell International and its Collins Defense Communications unit in Cedar Rapids secure an Air Force deal for 39.8 million dollars in automatic communications equipment with options totaling 117.5 million. The ARC 190 system will integrate with new processing gear. Curtice Burns Foods sees earnings drop about 40 percent for the year, while sales rise roughly 10 percent due to vegetable crop shortfalls and meat snack price effects.
MENTIONED IN THIS ARTICLE
Air Force
Rockwell International
Cedar Rapids
Congressional
Washington
Collins Defense Communications
Rockwell
Curtice Burns Foods
Directors Re-elected At Grinnell Mutual Annual Meeting
Dale Bartelt of Mediapolis and Linda Bernhard of Waukon were among four directors re-elected to three-year terms by Grinnell Mutual policyholders at the annual meeting on Grinnell College campus. Norman Pfaltzgraff of Ida Grove was re-elected chairman and Clifford Strovers of Grinnell as vice chair at the board’s reorganization following the meeting.
MENTIONED IN THIS ARTICLE
Dale Bartelt
Mediapolis
Linda Bernhard
Waukon
Grinnell Mutual Reinstrance Co
Grinnell College
Norman Pfaltzgraff
Ida Grove
Clifford Strovers
Grinnell
Lippisch Design Plans Groundbreaking at Northland Site
Lippisch Design Inc. schedules a groundbreaking Monday at 10 a.m. for its new building at 220 Northland Ct. NE. Berry Development Corp. will construct the facility which Lippisch will lease. occupancy is slated for late October.
MENTIONED IN THIS ARTICLE
Lippisch Design Inc
Northland Ct
Berry Development Corp
Lippisch
UAL Halts Large Jet Order Talks Until Aug 9
UAL Corp halted negotiations with aircraft and engine makers for a proposed $4.38 billion wide body jet order until Aug 9. The pause comes as a union led buyout group seeks financing, and a decisive announcement on Boeing 777, among other models, was anticipated.
MENTIONED IN THIS ARTICLE
UAL Corp
United Airlines
UAL
Boeing Co
NEC ACOS System 3800 Tops Mainframe Race
NEC Corp announced on July 4 the ACOS System 3800, claimed as the fastest mainframe of its kind. The seven versions differ in capacity, with the top model handling up to 500 million instructions per second.
MENTIONED IN THIS ARTICLE
NEC Corp
Japan
Crisis in Australia Ends Deposits Run Threat
A state government shuts a group of lending institutions to avert a bank run and promises to protect all small uninsured depositors from the Farrow Corp failure. About 220000 Australians faced potential losses of life savings in the incident.
MENTIONED IN THIS ARTICLE
Savings and Loan Industry
Victoria
Farrow Corp
Farrow
Pratt & Whitney recalls over three dozen PW4000 engines
Pratt & Whitney recalls more than three dozen of its newest large PW4000 jet engines due to a compressor issue that could trigger an in flight engine shutdown if not fixed. A spokesman said no recalled engines were in service with an airline.
MENTIONED IN THIS ARTICLE
Pratt & Whitney
Securities tax plan may fail to raise funds says industry
Industry groups warn a proposed securities transaction tax would not raise money and could reduce market liquidity. They note past disputes with lawmakers and point to other countries cutting such taxes. AT&T agrees to buy Western Union EasyLink services for 180 million dollars.
MENTIONED IN THIS ARTICLE
American Telephone and Telegraph Co
Western Union Corp
EasyLink
Market Dip Follows Weeklong Rally After Holiday Pause
Dow Jones falls 32.42 to 2879.21 as earnings doubts and sluggish growth weigh on investors. Broad declines in blue chips and Eastern Iowa ties, with General Mills and Exxon among notable losers, while Teletype growth outlook remains uncertain.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iowa
Labor Department
Federal Reserve
General Mills
United Technologies
James River
Wal-Mart
Eastman Kodak
Procter & Gamble
Quaker Oats
Equitable
Philip Morris
Exxon
General Electric
Heritage plans Southwest Office Plaza at Sixth Street site
Heritage Property Management announced a new office building to rise at the southwest corner of Sixth Street and 32nd Avenue SW. The single story 13,500 square foot project aims for occupancy by late fall with space for professional service and retail tenants and 75 parking spaces.
MENTIONED IN THIS ARTICLE
Sixth Street
32Nd Avenue SW
Heritage Property Management
Southwest Office Plaza
IRS SENSITIVE TAX IDENTIFIER NOTICE TO CORP OR INDIVIDUAL
The IRS requires correct taxpayer identification numbers for individuals Social Security numbers and for businesses employer identification numbers. Payers of interest and dividends must verify numbers within 30 days to avoid 20 percent backup withholding. Call 1 800 424 1040 for details.
MENTIONED IN THIS ARTICLE
Financial Institutions
IRS
Telemarketing fraud tied to major card networks
Visa and MasterCard accuse a nationwide telemarketing ring of laundering charges through boiler rooms that promised winnings to lure small businesses. The suit seeks millions in damages and a permanent injunction, with federal probes by Postal Service and Secret Service.
MENTIONED IN THIS ARTICLE
Los Angeles
Visa
MasterCard
Florida
Texas
Arizona
California
Los Angeles Times
Daniel H. Bookin
San Francisco
Bookin
U.S
Edward Rafeedie
Postal Service
Secret Service
Lorraine G. Doty
Doty
Lillian Whitman
Clearwater
Fla
Wisconsin
Late June U.S. auto sales rise 11.9 percent year over year
North American made light trucks and Japan built U.S. assembled cars drive a late June sales uptick of 11.9 percent, though the month totals dip 1.9 percent from last year. GM Ford and Chrysler gain 3.7 percent. Japanese U.S.-made cars up 62.3 percent.
MENTIONED IN THIS ARTICLE
Boeing
American Telephone & Telegraph
General Motors
Ford
Chrysler
Genetech
Eli Lilly
Milwaukee
Microcom
Detroit
United States
U.S
General Motors Corp
Ford Motor Co
Chrysler Corp
Tom Webb
National Automobile Dealers Association
McLean
Webb
Chevrolet
Pontiac
Nissan Motor Co. Ltd
The Company Doctor on venture capitalists and entrepreneurs
Venture capitalists seek equity and big returns, not loans, and only back superstars. Startups face high ownership loss, while profitable firms can sell 10–20 percent equity for funds. Credibility, risk reduction, and outside verification boost funding odds. board seats and buybacks are common. Avoid vultures by consulting bankers and peers before agreeing.
MENTIONED IN THIS ARTICLE
Certified Public Accountants
Reg
Also Mentioned on This Page
Australia
Jet Engines
At&t
Heritage
Heritage Associates Corp
Brenton Financial
Internal Revenue Service
the Company
the Gazette
Scott Clark
HTC Group Syndicate
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