ConAgra loses bid for damages in MEPXL takeover case
Nebraska Supreme Court upholds ruling ConAgra cannot recover damages from Cargill in the 1978 bid for MEPXL Inc. of Wichita Kansas. The decision also concerns judges' replacements and potential vote reversal in the multi million dollar dispute.
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Lincoln, Neb
Nebraska Supreme Court
ConAgra Inc
Cargill Inc
High Court
Norman Krivosha
Supreme Court
ConAgra
Cargill
Mepxl Inc
Wichita, Kan
Excel Corp
Stocks gain as Dow posts sharp rise on rate hopes
The Dow Jones average climbs 36.06 to 1 874.19 in a strong Friday session, lifting the week’s loss to 11.71. Volume reaches 141.20 million as financials lead gains and indicators show a sluggish economy with lower rates boosting sentiment.
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NEW York
New York Stock Exchange
Sales Rise In April As Inventories Increase
U S Commerce Department data show total business sales up 1.4 percent in April to 426.3 billion, the first gain since December and the strongest in eight months. Inventories climbed 0.3 percent to 590.2 billion as producers face sluggish demand and cars remain overstocked.
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Federal Reserve
Commerce Department
Dow
Federal National Mortgage
HLF
Ahmanson
Called
Downey Savings & Loan
Great Western Financial
Safeway Stores
Dart Group
Washington
Hy-Vee Buys Chariton Bank After Labor Dept Action
Hy-Vee Food Stores Inc agreed to acquire National Bank & Trust Co of Chariton and pay 2.25 million into an employee profit sharing plan after a Labor Department suit alleging plan funds were used to invest in the bank. Trustees and bank directors were named. the plan owns about 90 percent of the bank.
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DES Moines
Hy-Vee Food Stores Inc
National Bank & Trust Co
Chariton
U.S. Department of Labor
U.S. District Court
Marion Coons
Dwight Vrendenburg
Ronald Pearson
Hy-Vee Employees Trust
Labor Department
Pearson
Des Moines Firm to Manufacture Japanese Window Blinds
Nassau Manufacturing Co. of Des Moines will produce window blinds for Tachikawa Corp. and Mitsubishi Corp. in a first Iowa Japan pairing. The deal could create 25 to 30 jobs and generate about $1 million in volume in two years, rising to over $3 million by 1990. Governor Branstad attended the announcement.
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Omaha
Neb
Union Pacific Corp
Railroad Association Insurance Ltd
DES Moines
Japan
Nassau Manufacturing Co
Tachikawa Corp
Mitsubishi Corp
Nassau
David Charneskey
Charneskey
Iowa
Terry Branstad
Quaker to acquire Golden Grain Co in principle
Quaker Oats Co announces an agreement in principle to buy Golden Grain Macaroni Co of San Leandro California. Golden Grain brands Rice A Roni Noodle Roni Ghirardelli chocolates and Vernell Candy Co would join Quaker portfolio. annual sales near 250 million.
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Chicago
Quaker Oats Co
Golden Grain Macaroni Co
San Leandro
Calif
Quaker
Golden Grain
Golden Grain Pasta
Ghirardelli
Vernell
William D. Smithburg
Ten best days Dow gains list from 1982 86 era
The list catalogs the ten largest one day rises for the Dow Jones Industrial Average across the early 1980s to mid 1980s. Dates and gains include periods in 1982 1984 1986 with notable boosts near 43 to 36 points. The record highlights peak daily performance during this era.
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New York
Quaker Oats Cedar Rapids lays off 78 workers
The Cedar Rapids Quaker Oats plant cut 78 workers as part of its seasonal spring summer slack period reducing total workforce to about 1,200. The laid off workers remain eligible for income security payments and are hoped to be recalled in two to four weeks with all back by summer end.
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Cedar Rapids
Quaker Oats
Quaker
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