Adams Industries to Add Two Wings in Groundbreaking Expansion
J E Adams Industries plans ground breaking next Thursday for east and west additions to its Cedar Rapids facility at 1025 63rd Ave SW. The expansions, funded wholly by the company, boost size over 60 percent to 32 500 square feet, add manufacturing space and storage and shipping areas, and raise total staff near 80 by September with 60 new hires forecast before 1990.
MENTIONED IN THIS ARTICLE
J.E. Adams Industries
63Rd Ave
Americans Boost Installment Borrowing Slower in May
The Federal Reserve Board reports May installment borrowing rose at a 4.6 percent annual rate with consumers net adding $2.42 billion in credit. This compares to a $3.85 billion net gain in April and marks a slowdown from 7.3 percent in April and 10.7 percent over the first quarter. Prior year growth was 7.2 percent.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Financier Warner hit with $22.6 million fraud verdict
A Florida federal jury ordered Marvin Warner to pay 22.6 million dollars for fraudulently siphoning funds from the failed ESM Government Securities. The 1985 collapse caused 315 million in losses and the Home State Savings Bank bankruptcy, sparking Ohio's savings and loan panic. Warner, 69, vows appeal from Florida residence after serving as former ambassador to Switzerland.
MENTIONED IN THIS ARTICLE
Marvin Warner
Florida
ESM
Warner
Home State Savings Bank
Ohio
U.S
Switzerland
Open House Set for Cellular One Cedar Rapids Branch
A ribbon cutting and open house are scheduled for 10 a.m. Monday at the new Cellular One mobile telephone office in Cedar Rapids located at 1000 Second Ave. SW.
MENTIONED IN THIS ARTICLE
Cellular One Mobile Telephone
Cedar Rapids
Second Ave
Computerland to File IPO After Major Ownership Shift
Computerland Corp the largest computer retail chain plans an initial public offering within a week sources say. Founder William H Millard sold a majority stake last year to an investment group led by E M Warburg Pincus Co and Micro West holds a 20 percent stake pending an appeal in a related case.
MENTIONED IN THIS ARTICLE
Computerland Corp
Computerland
William H. Millard
E.M. Warburg, Pincus & Co
Micro-West
Braniff option sale stake tied to Braniff Inc buyout
Braniff Group Ltd an Irish financial services firm says it has acquired an option to buy 10 percent of Braniff Inc. BIA COR Holdings Inc, a U.S. investment group, recently bought Braniff from Dalfort Corp for 100 million dollars. The option arises in a deal involving the sale of Braniff 12 medium haul aircraft. A Chicago steel center reports a 43000 pound hot rolled coil ready for customer sized cuts as demand rises in farm equipment and fabrication sectors. The Steel Service Institute notes record first quarter for centers.
MENTIONED IN THIS ARTICLE
GPA Group Ltd
Braniff Inc
Biacor Holdings Inc
U.S
Braniff
Dalfort Corp
GPA Group
Fokker
Steel Service
Chicago
Steel Service Institute
Bridgestone Names McMann American President of Tokyo Firm
Bridgestone selects James P. McMann as the first American president of its Tokyo based company. A 35 year veteran from Goodyear, he has led Bridgestone USA as executive vice president since December 1986 and takes the top post August 1 succeeding Norihiro Takeuchi who becomes senior vice president for business planning.
MENTIONED IN THIS ARTICLE
Bridgestone USA Inc
James P. McMann
McMann
Goodyear Tire & Rubber Co
Bridgestone USA
Norihiro Takeuchi
Reagan nominates Houseworth to Export-Import Bank post
The White House announced President Reagan will nominate Richard C. Houseworth a 60 year old Arizona banker to a four year term on the board of directors of the Export-Import Bank He would succeed Richard W Heldrige Houseworth has worked at the Arizona Bank in Phoenix since 1955 The administration also said Reagan will nominate B Kent Burton to be assistant secretary of commerce for oceans and atmosphere Burton directs congressional affairs for the National Oceanic and Atmospheric Administration
MENTIONED IN THIS ARTICLE
Reagan
Arizona
Richard C. Houseworth
White House
Houseworth
Arizona Bank
Phoenix
Richard W. Heldridge
B. Kent Burton
National Oceanic and Atmospheric Administration
Longview Fibre Lifts Cedar Rapids Stock on Down Market
The Cedar Rapids connected Longview Fibre rose 2 to 67 on a down day amid stronger employment data. The stock has climbed 16 in 27 sessions, with two months earlier showing earnings up about 100 percent. Dow fell 16.54 to 2106.15 as overall volume slipped to 136.07 million shares.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Longview Fibre
Longview
New York Stock Exchange
Iowa
Procter & Gam
Occidental Petroleum
North Sea
Wilshire Associates
NYSE
Standard & Poor
Help wanted ads rise nationally and in Cedar Rapids
The Conference Board reports the help wanted advertising index rose to 160 in May, with The Gazette in Cedar Rapids posting a 9.1 percent April to May increase and a subsequent 8.1 percent drop in June. Year over year gains remain strong, while overall hiring growth slows in late 1980s context. Industry economist Kenneth Goldstein notes the labor market shows little change and further hiring gains are unlikely in the near term.
MENTIONED IN THIS ARTICLE
Conference Board
a_ business financed research organization
United States
Cedar Rapids
Help Wanted
Gazette
National Report
Texas
Louisiana
Oklahoma
New York-Pennsylvania
Nebraska
Minnesota
Missouri
Kenneth Goldstein
Goldstein
May
Northwest asks Do you like us
Northwest Airlines hired Landor Associates to survey customers, employees, and shareholders on the airline identity including logo and colors. The Detroit News obtained an internal memo dated July 1 and noted employee questionnaires due soon with results expected later in the summer.
MENTIONED IN THIS ARTICLE
Detroit
Northwest Airlines
Detroit News
Northwest
Alan Muncaster
Alan Taylor
Landor
NWA Inc
Taylor
Mercedes-Benz
General Electric Co
Coca-Cola Co
Chrysler recalls Renault Alliance heater cap upgrade campaign
Detroit- Chrysler plans to mail redesigned pressure caps to 240000 owners of 1985 to 1987 Renault Alliance and Encore cars to prevent heater core rupture during engine overheating. The company cites 39 injury reports from ruptures and separately recalls about 149000 1983 to 1984 Alliances and Encores for stronger driver seat bracket attachments following 50 reports of failure and three minor injuries.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Renault Alliance
Chrysler
Karen Stewart
Also Mentioned on This Page
Adams
Chamber of Commerce
J.E
Zakea Adams
Tama Machine Tool Company
Toms River
N.J
National Association of Lumber Dealers
Weyerhaeuser
Bridgestone President
Associated Press and Gazette
Ble
General Electric
International Business Machines
Dow Chemical
Coca-Cola
Alcoa
Florida Steel
Genrad Inc
Help
C.R
Renault
Oelwein
The
Mark Bowden
Metro-Iowa
Bruce Fishwild
Dave Morris
John Robertson
Cindy Kranz
Shirley Ruedy
Ken Sullivan
Iown
Charles Street
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