Safety law prosecutions lag as workplace deaths rise
A National Safe Workplace Institute study finds about 60 700 workers die annually but the Justice Department has only two successful prosecutions since 1980. The group cites at least 100 criminal cases yearly where employers willfully violate regulations. Magic Chef president J Hoyle Rymer resigns as Maytag announces the Cleveland Tennessee unit merger in 1986. C Wayne Creagan to succeed Rymer on August 1.
MENTIONED IN THIS ARTICLE
National Safe Workplace Institute
Justice Department
Joseph Kinney
J. Hoyle Rymer
Magic Chef Co
Cleveland, Tenn
Maytag Corp
Magic Chef
Maytag
C. Wayne Creagan
Diversified Products
Rymer
Money measures show mixed weekly changes
The Federal Reserve reported M1 fell by 1.2 billion in the week ending July 4 to 777.5 billion while M2 rose to 3.023 trillion from 3.019 trillion. M3 slipped slightly to 3.807 trillion from 3.808 trillion.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Oregon backs Farmers in bid to block hostile takeover
Farmers Group Inc. faces a $4.5 billion bid from Batus Inc. of Louisville tied to British B.A.T. Industries PLC. Oregon Insurance Commissioner Ted Kulongoski ruled the buyout would adversely affect Oregon policyholders after Farmers directors rejected the proposal.
MENTIONED IN THIS ARTICLE
Farmers Group Inc
Oregon
Batus Inc
Louisville, Ky
Price watch planned by consumer groups during drought
Consumer Federation of America affiliates will survey monthly staple prices to flag unjustified increases amid drought. CFA Executive Director Stephen Brobeck says the effort aims to prevent price boosts. Ellen Haas of Public Voice for Food and Health Policy notes the drought may raise prices. Assistant Agriculture Secretary Ewen Wilson predicts a 3 to 5 percent rise this year.
MENTIONED IN THIS ARTICLE
Consumer Federation of America
CFA
Stephen Brobeck
Ellen Haas
Public Voice For Food and Health Policy
Ewen Wilson
Siemens to buy Bendix Electronics Group in $200 million to $300 million deal
Siemens AG aims to acquire a majority stake in Allied-Signal Inc. Bendix Electronics Group for 200 to 300 million dollars. The new Siemens Bendix Automotive Electronics will be based in Southfield Michigan and operate under Bendix management.
MENTIONED IN THIS ARTICLE
Siemens AG
Allied-Signal Inc
Bendix Electronics Group
Siemens- Bendix Automotive Electronics
Southfield
Mich
Bendix
Canadian judge rules for Amoco in Dome Petroleum bid
A Calgary court ruled that Amoco Canada's $4.5 billion takeover of Dome Petroleum is fair to all parties and need not amend its offer. Justice Gregory Forsyth of the Court of Queen's Bench said the transaction could close within months, rejecting a challenge by the preferred shareholder Gordon Savage who led the final opposition group.
MENTIONED IN THIS ARTICLE
Calgary
Amoco Canada
Dome Petroleum
Amoco
Gregory Forsyth
Court of Queen’s Bench
Gordon Savage
Contel to Acquire United Iowa Lines in Major Swap
Contel Corp and United Telecommunications plan a swap of assets valued at 70 to 80 million dollars. Contel would gain about 134000 Iowa customers and 62 thousand in 62 exchanges while United acquires Contel properties in Kansas. The deal aims to create economies of scale with regulatory approvals and financing to follow over 10 to 12 months.
MENTIONED IN THIS ARTICLE
Iowa
Contel Corp
Atlanta
United Telecommunications Inc
Kansas City
Contel
United Properties
Missouri
Arkansas
United Telecommunications
Contel Properties
Kansas
United
Hawkeye
Gazette
Atalissa
Bellevue
Bennett
Char
Lotte
Delmar
de Witt
Durant
Fredericksburg
Greene
Janesville
le Claire
Princeton
Lisbon
London
Low Moor
Moscow
Oxford Junction
Rochester
Sabula
Stanwood
Sumner
Tipton
Wellsburg
Centel
Knoxville
Fayette
Brandon
Maynard
Randalia
Rowley
Center of
St. Louis
Overland Park
Kan
Center
Telephone Operations
Federal Systems and
Information Systems
Industrial output up as June rises 0.4 percent
U S industrial production climbed 0.4 percent in June, the ninth straight increase, boosted by utilities during a summer heat wave. Manufacturing rose 0.2 percent, driven by durable goods, equipment, and autos held at a 7.5 million annual rate, while mining gained 0.6 percent and total output stood at 136.6 percent of the 1977 base.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
David Wyss
Data Resources Inc
Alan Greenspan
May trade deficit falls as second smallest in three years
The United States posted a 10.9 billion dollar May trade deficit, the second smallest since 1985, as exports rose 31 percent year over year and imports increased 3.4 percent. Japan remained the largest deficit partner at 4.1 billion dollars.
MENTIONED IN THIS ARTICLE
Washington
United States
Reagan
Commerce Department
Commerce
C. William Verity
Verity
U.S
Japan
Moderate stock gains as Dow climbs on favorable trade news
The Dow Jones average rose 15.83 to 2129.45, ending the week up 23.30. Volume reached 199.71 million on the NYSE with 787 advances, 632 declines and 532 unchanged. IBM, GM, GE and Exxon posted gains while Square D led losses. Wilshire and S&P indices also rose.
MENTIONED IN THIS ARTICLE
Iowa
General Mills
Square D
International Business Machines
IBM
Exxon
American Telephone & Telegraph
General Motors
General Electric
Alcoa
Interco
Harvey Saligman
Catalyst Energy
Karibu Corp
Wilshire Associates
NYSE
Standard & Poor
S&p
Inventories Rise as Sales Also Grow in May
U S government data show business inventories up 0.6 percent to 728.4 billion dollars in May marking the 17th straight monthly increase. Sales rose 0.9 percent to 483.7 billion dollars after a flat April and a 1.9 percent jump in March.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
GM recalls total 155000 cars for multiple defects in 1986 88 models
General Motors announces recalls totaling about 155000 vehicles including 73000 1988 Pontiac LeMans 65000 1986 87 Buick Rivieras and Oldsmobile Toronados 1900 1987 88 Buick LeSabres with anti lock brakes and 430 1988 Oldsmobile 98 Touring Sedans. Defects involve fuel filler neck, power steering hose, rear lamp wiring and shift indicator placement with required dealer actions.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Also Mentioned on This Page
Paul Adams
Volkswagen
New Stanton
Price Watch Planned
New Bendix
United’s
Iowa Lines
Bruce Fishwild
Gazette Financial Editor
St. Coralville
Allen Sinai
The
Boston Co
Cer
Source
U.S. Dept. of Commerce
Associated Press and Gazette
American Stock Exchange
Oelkers Office Products
Secedar Rapids
Inowa
Iowa City
Oelwein
Cedar Rapids
Marion
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