Honda recalls 279821 Civics to fix fuel pump leak risk
American Honda Motor Co. announces a voluntary recall affecting 1984 and 1985 Civic models with carburetors and mechanical fuel pumps due to a design flaw that could cause fuel leaks and a small fire risk. Pumps will be replaced free of charge for affected vehicles. John N. Knapp of SCI Financial Group is featured on Wall Street Week with Louis Rukeyser on Iowa Public Television August 5.
MENTIONED IN THIS ARTICLE
American Honda Motor Co
John N. Knapp
SCI Financial Group of
Cedar Rapids
Wall Street Week
Louis Rukeyser
Iowa Public Television
SCI Financial Group
Securities Corp. of
Iowa
Securities Counselors of
SCI Financial Services
Chicago
Teleconnect to Install First Local Siemens System in Fort Dodge
Teleconnect Telecommunication Systems of Cedar Rapids announces installation and ongoing maintenance of a new Siemens telephone system for Friendship Haven Care Center and Geriatric Hospital in Fort Dodge. It will be first Teleconnect system with a full-time resident technician and will be wired to handle 600 telephones.
MENTIONED IN THIS ARTICLE
Teleconnect Telecommunication Systems of
Cedar Rapids
Friendship Haven
Geriatric
Fort Dodge
Siemens
Shearson Cooperates With U.S. Attorney Probe In New York
Shearson Lehman Hutton Inc said it is cooperating with the U.S. attorney's office in a probe of transactions in its stock loan operation. Spokesman Michael O'Neill said no target of the investigation has been identified. A Washington Post report notes subpoenas seek information about Dennis Palmeri, who runs the stock lending unit, two relatives, and several business entities.
MENTIONED IN THIS ARTICLE
Shearson Lehman Hutton Inc
New York
U.S
Dennis Palmeri
McGraw-Hill Inc
Business Week
Wall Street
McGraw-Hill
Wall Street Journal
Appliances boom as shipments top six months totals in 1988
The Association of Home Appliance Manufacturers reports 4.6 million units shipped in June 1988, 12.8 million in the second quarter, and 24.6 million in the first half, placing the industry in second for all periods. Heat waves boosted room air conditioner volumes by 27.3 percent.
MENTIONED IN THIS ARTICLE
Association of Home Appliance Manufacturers
Toyota Georgetown Plant Delivers First Camry Colors
Toyota’s Georgetown Kentucky plant begins commercial Camry production with white cars followed by dark red and dark blue. The earliest cars rolled out July 11 and the color sequence is described as coincidental by a company spokesman.
MENTIONED IN THIS ARTICLE
Toyota
Georgetown
ConAgra Tops U.S. Meatpacker Sales With 7.7 Billion
Meat & Poultry magazine ranks ConAgra Inc as the largest U.S. meatpacker with 7.7 billion dollars in sales last year, followed by IBP Inc at 7.68 billion. Excel Corp Sara Lee Meat Group Geo A Hormel Oscar Mayer Swift John Morrell round out the top seven with between 1.82 and 2.8 billion each.
MENTIONED IN THIS ARTICLE
ConAgra Inc
Meat & Poultry Magazine
IBP Inc
Dakota City
Neb
Excel Corp
Sara Lee Corp. Meat Group
Geo. A. Hormel & Co
Oscar Mayer Foods Corp
Swift Independent Packing Co
John Morrell & Co
Hershey to Buy Cadbury U S Operations in $300 Million Deal
Cadbury Schweppes of England will sell its U S business to Hershey Foods for 300 million dollars. Hershey gains Cadbury’s three U S plants and rights to produce Peter Paul Mounds and Almond Joy, plus a long term license to Dairy Milk York Peppermint Pattie Carmello Creme Eggs and other Cadbury products.
MENTIONED IN THIS ARTICLE
Cadbury Schweppes PLC
England
U.S
Hershey Foods Corp
Pennsylvania
Hershey
Cadbury’s
Agreem-T
McGraw-Hill probes leak in Business Week stock tips
Experts say McGraw-Hill can trace a leak to insiders or a printer, using stock exchanges and the SEC. If the leak came from a plant in Connecticut California Wisconsin or Pennsylvania investigators would map trades to employees and their links.
MENTIONED IN THIS ARTICLE
McGraw-Hill
SEC
Ferrara
Connecticut
California
Wisconsin
Pennsylvania
James Ratcliffe
R.R. Donnelley & Sons Inc
Business Week
Worst week ends with another broad stock market drop
The market closed its worst week in over three months with a broad decline led by Dow Jones down 25.60 to 2060.99. Volume on the New York Stock Exchange was 148.88 million shares as declines outpaced advances and several technology issues slid on weak earnings signals.
MENTIONED IN THIS ARTICLE
Wilshire Associates
New York Stock Exchange
Kers
Iowa
Longview Fibre
Rockwell International
Banks of
Weyerhaeuser
Control Data
Tandem
Centel inaugurates Cedar Rapids cellular system with balloon launch
The first cellular mobile telephone system in Cedar Rapids is inaugurated with a ceremonial first call by Mayor Donald Canney. A couple of hundred balloons were released from Centel Cellular at 2615 11th St. SW as Waterloo and Iowa City mayors join the call.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Donald Canney
Centel Cellular
11Th St. SW
Canney
Waterloo
Iowa City
Banks of Iowa earnings rise in first half of year
Banks of Iowa reports second quarter net income of 3.2 million and six month total of 7.7 million, with per share 72 cents and 1.84 dollars. Net interest income climbs 15.5 percent in Q2 and 18.2 percent for the six months, while loan loss provisions rise to 5.3 million and 8.9 million respectively.
MENTIONED IN THIS ARTICLE
Des Moines
Banks of
Iowa
American Express posts second quarter profit rise
American Express Co. reports Q2 net income of 280.8 million dollars or 66 cents a share on 5.58 billion dollars in revenue, up 21 percent from a year earlier. For the first half the company earned 546.5 million dollars, while Iowa subsidiaries eIDS Financial Services and Shearson Lehman Brothers show mixed results.
MENTIONED IN THIS ARTICLE
New York
American Express Co
Financial Services Company
American Express
American Express Bank
Iowa
Eids Financial Services
Shearson Lehman Brothers
PaineWebber Posts Sharp Q2 Earnings Drop
PaineWebber Group Inc. reported a 99 percent plunge in Q2 earnings to $159,000 as revenue fell to $565.7 million from $637.6 million a year earlier. Chairman Donald Marron cited lethargic market conditions and weak retail volume as investors sat on the sidelines amid the stock market downturn. For the first half, the firm earned $20.9 million, down from $50.2 million, with revenue at $1.17 billion versus $1.27 billion.
MENTIONED IN THIS ARTICLE
New York
PaineWebber Group Inc
PaineWebber
Donald B. Marron
Eastern Airlines cuts 4 000 jobs across 14 cities
Eastern Airlines plans to lay off 4 000 workers, about 12 percent of staff, and drop service to 14 cities by August 31 to reduce losses. President Phil Bakes cites high costs and competition while unions seek concessions. Boston New York Washington and Miami remain core hubs.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Miami
Phil Bakes
Eastern
Bakes
Boston
New York
Washington
Atlanta
Also Mentioned on This Page
Honda
Knapp
Shearson Probe
Northrop Corp
el Segundo
Calif
ConAgra Largest
R. Foster Winans
Financial
Winans
Sam Scott Miller
Orrick, Herrington & Sutcliffe
Securities Industry Association
Miller
Associated Press and Gazette
Hewlett-Packard
International Business Machines
Ashton-Tate
IBM
Dow
Philip Morris
General Electric
DuPont
Eastman Kodak
John Mclivor
Holmes Foster
Merchants National Bank of
Machinists Union
Albuquerque
N.M
Fort de France
Martinique
Las Vegas
Reno
Nev
Minneapolis-St Paul
Oelwein
Marion
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