Weyerhaeuser Announces First Divestiture Move 1990s Focus
Weyerhaeuser Co plans to sell The Benjamin Ansehl Co of St. Louis and to close Weyerhaeuser Australia Pty. Ltd by July. The Cedar Rapids container plant remains active while other restructuring unfolds. American Trust & Savings Bank completes remodelling of its Dyersville office with a June 1923 grand opening planned.
MENTIONED IN THIS ARTICLE
Weyerhauuser Co
Benjamin Ansehl Co
St. Louis
Weyerhaeuser Australia Pty. Ltd
Weyerhaeuser
Cedar Rapids
American Trust & Savings Bank of
Dubuque
Dyersville
Domino's Pizza Promotes Dave Black to President and COO
Tom Monaghan promotes 17 year Domino's veteran Dave Black to president and chief operating officer. Monaghan remains chairman and chief executive officer. Black joined in 1972 as a store manager in Florida. Domino's has 5,000 stores and reported $2.3 billion in sales with over 230 million pizzas sold last year.
MENTIONED IN THIS ARTICLE
Tom Monaghan
Domino’s Pizza Inc
Dave Black
Monaghan
Black
Domino’s Pizza
Florida
Cedar Rapids
Seagate to Buy Imprimis from Control Data for 450 Million
Control Data Corp said it will sell Imprimis Technology to Seagate Technology for 300 million in cash and notes plus 150 million in Seagate stock. The move signals further shrinkage of the once giant computer maker.
MENTIONED IN THIS ARTICLE
Control Data Corp
Imprimis Technology
Seagate Technology
Seagate
Control Data
McKesson Wins Wal-Mart Drug Supplies Pact
McKesson Corp will supply prescription drugs and health and beauty aids to about 850 Wal-Mart stores under a three year deal. Cedar Rapids regional center is one of 25 serving Wal-Mart, with initial service starting August 12. Polastri called it the largest new business in McKesson Drug’s history.
MENTIONED IN THIS ARTICLE
McKesson Corp
Wal-Mart
McKesson
San Francisco
McKesson Drug Co
Cedar Rapids
Wal- Mart
Wal-Mart Stores Inc
Bentonville
Ark
McKesson Drug
Joseph Polastri
Elmo Angell
Cedar Rapids Center
the Gazette
Polastri
Procter & Gamble Leads Dow Rally After Analyst Upgrade
Procter & Gamble stock outgained the Dow as gains lifted the Dow Jones Industrial Average to 2518.84, a 52 week high. Telecomm USA fell in Iowa, Time and Paramount moved on takeover rumors, while IBM and AT&T rose and Kodak slipped amid mixed blue chip action.
MENTIONED IN THIS ARTICLE
Procter & Gamble
Iowa
Wall Street
Michael Metz
Oppenheimer & Co
Telecom*usa
Time
Paramount Communications
Warner Communications
Warner
Burlington Resources
American Telephone & Telegraph
Eastman Kodak
Supreme Court to hear $6.1 million accounting case
The Supreme Court will review whether notes issued by the Farmer's Cooperative of Arkansas and Oklahoma are securities. Investors won a $6.1 million award against Arthur Young & Co. for alleged fraud in 1981 and 1982 reports. The 8th U.S. Circuit reversed, saying notes are not securities.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Arthur Young & Co
Farmer’s Cooperative of
Arkansas
Oklahoma
Co-Op
Ing
8Th
U.S. Circuit Court of Appeals
Bills Reach Six Month Low in Treasury Auction
In Washington the Treasury sold 6.4 billion dollars in three month bills at an 8.13 percent discount and 6.4 billion dollars in six month bills at 7.79 percent. The new discount rates imply a yield of 8.42 percent for three months and 8.22 percent for six months, marking the lowest levels in six months.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Pilots threaten strike over debt tied to Northwest sale
The Air Line Pilots Association warned Northwest Airlines and its parent NWA Inc. against any deal that places heavy debt on the carrier. In a letter to bidders and the board, ALPA said long term survival hinges on avoiding excessive debt amid a second bid round scheduled to close Friday. Bid estimates range from 3.3 to over 3.6 billion dollars, though the board may reject all offers.
MENTIONED IN THIS ARTICLE
Minneapolis
Northwest Airlines
NWA Inc
Wall Street Journal
Havero
NWA
Also Mentioned on This Page
New Domino’s President
CDC
Star Brewing Co
Georgia Brewing Co
Atlanta
James River Corp
32Nd Ave
Automotive Appearance Chemical
Armor
Procter
Associated Press and Gazette
Hyundai
Ave
Marion
Arctic Safari Software
Chrera
Allen
Allen’s
Vreow
First Avenue
S.E
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