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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 14, 1986

Page

23

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.

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.

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.

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.

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.

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.

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.

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.

Cedar Rapids Quaker Oats Quaker

Also Mentioned on This Page

MONEY Bloomington Minn Control Data Corp Control Data Anderson, Clayton & Co Anderson Clayton’s Delaware Burlingame GTE Sprint Communications Corp GTE Sprint United States Sprint Grand Rapids, Mich Steelcase Inc Michigan Steelcase Robert Pew Grand Rapids International Business Machines McDonald’s Eastman Kodak International Paper General Motors Ford Motor Chrysler Exchange Standard & Poor S&p Tion Jay Rechter Evans Economics Robert Ortner Hy-Vee Des Moines Company Joelkers 7Th St. SE NTS Golden Grain Co Donald Kaul the Gazette Kaul The Gazette
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