Boeing 767 earns FAA certification for passenger service
Boeing Co won FAA certification for its fuel efficient 767 jetliner to carry passengers. United Airlines will launch 767 service on September 8 from Chicago to Denver and later routes, with delivery of the first three jets expected next month.
MENTIONED IN THIS ARTICLE
Seattle
UPS
Boeing Co
Federal Aviation Administration
Everett
Wash
United Airlines
Chicago
Denver
San Francisco
New York
Boston
United
Joe Hopkins
Boeing
Bill Mellon
Seattle-Chicago
Rockwell-Collins
Cedar Rapids
Airbus Industrie
Hawkeye Bancorporation says 91 percent of Vinton bank stock under contract
Hawkeye Bancorporation officials report contracts to buy 91 percent of the State Bank of Vinton and expect regulatory approval within six months. President Paul Dunlap says the 80 percent threshold enables a tax free stock exchange and officers of the Vinton bank are expected to remain. Barron, a major stockholder, has tendered and agreed to stay. Hawkeye also confirms acquisitions of First National Bank in Lennox, Farmers Savings Bank in Stratford and Seymour State Bank in Wayne County.
MENTIONED IN THIS ARTICLE
Des Moines
Hawkeye Bancorporation
State Bank of Vinton
Paul Dunlap
Vinton Bank
Hawkeye
Iowa
Dunlap
Charles W
Bill” Barron
Barron
First National Bank
Lennox
Farmers Savings Bank
Stratford
Seymour State Bank
Wayne County
All Savers Certificates Tax Reporting Issues
Tax guidance from Prentice Hall explains how All Savers certificates may create reporting problems for investors. Interest not available for withdrawal before maturity is excluded until redemption, while monthly or quarterly credited interest available with immediate withdrawal must be taxed in the year it is credited up to the 1000 dollar single or 2000 dollar joint yearly limit. Excess interest is taxable when made available.
MENTIONED IN THIS ARTICLE
Prentice-Hall
Internal Revenue Service
Miller says new law cuts fraud losses in Iowa
Iowa Attorney General Tom Miller reports the Business Opportunity Sales Act cut consumer fraud losses about 90 percent in its first year. Five victims lost 23,400 after July 1, 1980, vs 55 victims totaling over 300,000 in 1979 and 1980, as schemes retreated from Iowa.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Tom Miller
Miller
Iowa
Fed cuts discount rate again dropping to 11 percent
The Federal Reserve Board lowered the discount rate by half a point to 11 percent effective Monday, the second reduction this month, as the prime rate fell to 15.5 percent and money supply signals showed easing pressure. Treasury Secretary Regan welcomed the move, noting it should aid merchants and consumers. Mellon Bank said it would cut its prime lending rate to 15 percent starting Monday.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Fed
Treasury
Donald Regan
Regan
Pittsburgh
Mellon Bank
Stocks fall in slow trading as investors weigh economy
UPI reports stocks fell for the seventh time in eight sessions in slow trading as investors wrestled with mixed economic forecasts and rate expectations. Dow slipped 3.61 to 808.60, NYSE and AMEX indices edged lower, while Heublein rose on news of a Reynolds takeover bid.
MENTIONED IN THIS ARTICLE
NEW York
UPI
Standard & Poor
Heublein
R.J. Reynolds Industries
Reynolds
General Cinema
Exxon
IBM
Continental Illinois
Continental
Brenton Banks Reports Higher Q2 Earnings and Growth
Brenton Banks Inc reports a 6.1 percent rise in net income for the second quarter to 1.48 million, with 84 cents per share. Six month earnings climb 9.3 percent to 2.7 million, assets hit 863 million, deposits at 735 million.
MENTIONED IN THIS ARTICLE
Nucorp Energy
Oklahoma City
Penn Square Bank
Cowles Communications
Federal Communications Commission
Wm. Wrigley Jr
Des Moines
Brenton Banks Inc
C. Robert Brenton
Donald H. Shaw
Shaw
Iowa State Commerce Commission
Iowa
Kerr-McGee Corp
Charter Co
Rockwell settles discrimination suit in Texas
UPI reports Rockwell International Corp will pay up to 2.2 million in raises and back pay to as many as 3,000 women. Judge Barefoot Sanders approved a class action settlement covering women denied management jobs at Dallas and Collin County plants from Sept 1 1976 to Sept 30 1981. The deal includes 200 to each certified woman, 800,000 to women managers, 1.2 million for raises over five years, and a 20 percent management hiring quota. The suit was filed in January 1981 by Arline Brinkerhoff.
MENTIONED IN THIS ARTICLE
Dallas
UPI
Rockwell International Corp
U.S
Barefoot Sanders
Rockwell
Dallas and
Collin County
Richardson
Arline Brinkerhoff
Company
Penn Mutual completes acquisition of Janney Montgomery Scott
Acquisition in Philadelphia announced Friday confirms Penn Mutual Life Insurance Co. has completed the purchase of Janney Montgomery Scott Inc. a retail securities firm.
MENTIONED IN THIS ARTICLE
Philadelphia
API
Penn Mutual Life Insurance Co
Janney Montgomery Scott Inc
Allied to rebuild Philadelphia phenol plant after blast
Allied Fibers Plastics Co said on Friday it will rebuild its Philadelphia phenol plant which was destroyed in an explosion and fire on March 9. The phenol product is used to make caprolactam, a key nylon 6 ingredient.
MENTIONED IN THIS ARTICLE
Philadelphia
API
Allied Fibers Plastics Co
Allied
Also Mentioned on This Page
Vinton
Dome Petroleum
Houston Oil Trust
International Banknote
National Association of Securities Dealers
Brenton
Illinois
Davenport
Iowa- Illinois Gas and Electric Co
Texas
Targes
Dav
UA el Hae
Bruce Uit
Ghovatie
The
Sheraton
Hwy
Ceal
Big Beautiful
Stone Locally Owned
Sheraton Inn
Cedar 1380
33Rd Avenue
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