Maytag Earnings Rise in Quarter Despite Losses
Maytag Corp reports a 23.5 percent quarterly profit gain to 23.5 million on 770.1 million sales, offset by European losses and a $10 million one-time charge. Six-month profit up 52.9 percent to 51.8 million as sales edge higher. TCF Savings Bank opens West Des Moines branch amid interstate branching debate. Norwest Corp posts record quarterly and half-year profits, with Banking Group earnings up 23.9 percent and 24 percent respectively. Procter & Gamble assigns James Lane and Larry Reinhardt to Iowa City and related plant moves. Iowa City plant makes Crest Gleem Head & Shoulders Prell Pert Plus Scope products.
MENTIONED IN THIS ARTICLE
Newton (Ap
Maytag Corp
Newton
Leonard Hadley
Maytag
Wall Street
New York Stock Exchange
West Des Moines
TCF Savings Bank
TCF
Milwaukee
U.S. Office of Thrift Supervision
William Cooper
Congress
Supervision Office
U.S. Senate
House
James Lane
Iowa City
Procter & Gamble
Cincinnati
Ohio
Larry Reinhardt
Hatboro
P&g
Reinhardt
N.C
North Carolina State University
Jackson
Norwest Corp
Minneapolis
Norwest
Norwest Bank
Cedar Rapids
Cigarettes to be Made in Russia
R J Reynolds Tobacco International Inc announced a partnership with a Russian firm to produce cigarettes in Russia. It will mark the first major investment by a foreign company in a private cigarette enterprise there.
MENTIONED IN THIS ARTICLE
New York
R.J. Reynolds Tobacco International Inc
Russia
Farmers must boost yield through genetics amid rising demand
At the First International Crop Science Congress in Ames, Vernon Ruttan warns conventional farming cannot feed a world where demand doubles by 2020 and quadruples by 2050. He urges breakthroughs in plant and animal genetics, reduced chemical use, and better environmental health, with emphasis on higher yields per hectare.
MENTIONED IN THIS ARTICLE
Steven P. Hose
AMES
Vernon Ruttan
Ruttan
University of Minnesota
Iowa State University
Murray Miller
University of Guelph
Guelph
Ontario
Canada
General Mills plans Iowa City cereal plant with 50 to 70 jobs
General Mills proposes a 106000 square foot Iowa City plant on 19.1 acres to produce cereal popcorn or Hamburger Helper. The firm seeks a zoning amendment to allow dry milling in an I 1 zone and plans to hire 50 to 70 workers starting next January with production hoped for next summer.
MENTIONED IN THIS ARTICLE
Heather Sloman Wood
Johnson County
Iowa City
General Mills
Iowa City Planning and Zoning Commission
Planning Commission
Iowa City Can Co
Can Company
Heinz Rd
Central States Can Co
Massillon
Ohio
Larry Sawyer
Minneapolis
Covington
Albuquerque
Bill Mowery
Cedar Rapids
Sawyer
David Schoon
Iowa Department of Natural Resources
Schoon
Late selling round drags Dow as mixed market cools rally
A late round of stock selling left the Dow Jones average down 12.97 to 3,345.42 after a four day rally. Eastern Iowa shares showed 13 advancers, 21 declines, and five unchanged as investors weighed June production drop and earnings reports from firms like Georgia-Pacific and Motorola.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iowa
International
Brenton
Federal Reserve Board
Temporary 130-foot tower starts after Cedar Rapids collapse
Construction begins on a 130-foot interim communications tower beside the 425-foot tower that collapsed in Cedar Rapids killing one and injuring two. Communications Engineering will serve 65 percent of customers with reduced coverage until a permanent tower is built. Universal Gym Equipment repairs proceed with employees back at work and support services offered.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Communications Engineering Co
Bud Henkel
Communications Engineering
Universal Gym
Henkel
Bus Klinge
Universal Gym Equipment
IBEW
Wiley
Also Mentioned on This Page
S&l
Iowa Line
Pennsylvania
Tribune Media
Mr. Froust
Planning Department
Georgia-Pacific
International Paper
Louisiana Pacific
Weyerhaeuser
Motorola
Texas Instruments
Hewlett-Packard
East
Et Ave
Avalli
Business Rede ES
West
Edgewood Rd
Joan Meier
First Avenue
Thrirs
Third Avenue S.E
Mt. Vernon Rd. S.E
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