Wal-Mart to donate 10000 fans for heat relief
Wal-Mart Stores Inc plans mid July distribution of 10,000 box fans to residents in heat-ravaged areas across its 25-state trade region. The Wal-Mart Foundation will donate the fans to local relief groups with Toastmaster Inc. and Lasko Metal Products aiding production. Wal-Mart operates 1,177 stores, including locations in Eastern Iowa.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
Wal-Mart Foundation
Toastmaster Inc
Columbia
Lasko Metal Products
West Chester
Wal-Mart
Bentonville
Ark
Iowa
GM to make driver side airbags standard in 500000 cars yearly
General Motors will install driver side airbags as standard on 500000 cars annually by 1990 citing poor sales of airbags as options. Robert Stempel said passenger side bags will not be phased in until 1990 and not standard until 1992 due to ongoing development.
MENTIONED IN THIS ARTICLE
General Motors Corp
Milford
Mich
Robert Stempel
GE Building Renaming at Rockefeller Center
The RCA Building will be renamed the GE Building next year in honor of General Electric Co. GE bought RCA and NBC two years ago. Nearby at 570 Lexington Ave the General Electric Building preserves the GE presence founded after the RCA Victor Building era.
MENTIONED IN THIS ARTICLE
RCA
Rockefeller Center
General Electric Co
NBC
Lexington Ave
General Electric
RCA Victor
Atlanta Tops 31-Mcity Business Climate Ranking
Louis Harris & Associates surveyed 39 percent of CEOs in the nation's 31 largest metropolitan areas. Atlanta ranked first for the third year running with the highest rating of excellent followed by San Diego in second place.
MENTIONED IN THIS ARTICLE
Atlanta
Louis Harris & Associates
San Diego
MCI to Buy Back IBM Stake in 677 Million Move
MCI Communications Corp plans a 677 million stock repurchase of its 16.2 percent IBM stake. The deal keeps ties with IBM by also selling IBM a new 400 million preferred shares issue.
MENTIONED IN THIS ARTICLE
MCI Communications Corp
International Business Machines Corp
MCI
IBM
Visa and Arbys test Express Payment System nationwide
Visa International partners with Arbys to test an Express Payment System in 17 Arby locations across Arizona next month. Earlier this year Arbys ran a similar credit card pilot in 19 Cleveland restaurants.
MENTIONED IN THIS ARTICLE
Visa International
Arby’s
Arizona
Cleveland
GAF Corp and Vice Chairman Plead Innocent in Price Manipulation Case
In federal court GAF Corp and its vice chairman pleaded innocent to a 10 count indictment alleging they manipulated Union Carbide Corp. stock after a failed takeover attempt in 1986. Lawyers for GAF and James Sherwin entered the pleas during the brief proceeding.
MENTIONED IN THIS ARTICLE
GAF Corp
Union Carbide Corp
GAF
James Sherwin
Rural bus links eyed to connect small Iowa towns
Greyhound promoting Rural Connection feeder lines to link rural Iowa communities with mainline service. The plan, tested in eight states, aims to start in Iowa by November 1 with at least eight providers and may expand into all 48 continental states.
MENTIONED IN THIS ARTICLE
Bruce Fish
Anid Gazette
Iowa
Greyhound Lines
the Gazette
Greyhound
Bill Kula
Des Moines
Colorado
Missouri
Nebraska
Kansas
Kula
The
Gazette
Cedar Rapids
Davenport
Dubuque
Waterloo
Ames
Carroll
Rural Connection
Kula Said
Tennessee
Rural America
National Association For Transportation Alternatives
Dallas
Greyhound Corp
Banks lift prime rate to nine and a half percent
Banks raised the prime lending rate to 9.5 percent the highest in over two years, signaling costlier loans for consumers and businesses. Chase Manhattan led the move with others quickly following, tying the rise to tighter credit and inflation controls.
MENTIONED IN THIS ARTICLE
New York
Chase Manhattan Bank
Federal Reserve
Fed
Stocks Edge Up as Banks Lift Prime Rate
Stocks rose modestly with the Dow at 2113.62 as prime lending rates jump to 9.5 percent. Volume on the NYSE fell from the prior session while the marketwide gain reached 0.28 percent. Eastern Iowa tied shares mixed with Square D and Penwest down and Quaker Oats leading a list of movers.
MENTIONED IN THIS ARTICLE
Wilshire Associates
New York Stock Exchange
Iowa
Square D
Penwest
Quaker Oats
Motorola
Wall
Hawkeye income up sharply in second quarter
Des Moines Hawkeye Ban corporation reports a 66 percent rise in Q2 net income to 3.02 million with per share earnings of 28 cents, while six month figures show a 5.5 million net income, down from 10.1 million last year. Extraordinary gain of 7.4 million from debt extinguishment affected the half year. Total assets stand at 1.19 billion, with non performing loans at 13.13 million.
MENTIONED IN THIS ARTICLE
Federal Home Loan Mortgage
Millipore
Worthington Industries
Standard & Poor
DES Moines — Hawkeye Bancorporation
Pershare
Drought Boosts Retailers With June Sales Rise
The heat driven shopping surge lifted June retail sales 0.5 percent to 132.8 billion dollars. Department stores and general merchandise led gains up 1.87 percent to 15.2 billion, with autos also rising 1.2 percent to 29.7 billion as shoppers bought summer goods and air conditioners.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
James Newton
Economic Perspectives Inc
Delaware, Ohio
Newton
Curling irons recalled over burn and fire hazard
The Consumer Product Safety Commission warns three 1987 Wave Maker curling iron models CD 20M CD 21M and CD 22M may short circuit and cause burns or fires. About 5 000 units are affected of 76 000 sold with 82 incidents and 20 minor burns reported. Owners should stop using them and mail to Conair for repair or replacement or seek retailer refunds.
MENTIONED IN THIS ARTICLE
Washington
Conair
Consumer Product Safety Commission
Conair Corp
Wave Makers
Executive Avenue
Edison
N.J
Options exchange starts sales effort
The Chicago Board Options Exchange launches outreach in 30 cities to persuade brokers and investors to return to options trading after a 50 percent drop since the October stock market collapse. James Emerson notes slow recovery, with the exchange at 55 percent of US options volume and staff cuts to trim costs.
MENTIONED IN THIS ARTICLE
Cincinnati
Chicago Board Options Exchange
James Emerson
San Antonio
Memphis
New Orleans
Emerson
United States
Also Mentioned on This Page
Jay
Ricoh Electronics
Irvine
Calif
Europe
Japan
Raid Center For Insect Control
Racine
Wis
Central Bank
Alan Greenspan
Congress
M. Kathryn Eickhoff
Eickhoff Economics Consulting
Office of Management and Budget
Greenspan
Federal Funds
Robert Brusca
Nikko Securities International Inc
Associated Press and Gazette
Hawkeye
ASOND
Source
U.S. Dept. of Commerce
Safety Commission
Taiwan
Li Peng Enterprises
Los Angeles
Options Exchange
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