Productivity show opens in Cedar Rapids with 60 booths
The Society of Manufacturing Engineers launches a Cedar Rapids productivity exhibit at the Five Seasons Center. The event runs noon to 9 p.m. today and Wednesday and noon to 6 p.m. Thursday, with seminars and booths from exhibitors across Iowa and nearby states. Admission is 3 for SME members and 5 for non members, with no one under 16 admitted.
MENTIONED IN THIS ARTICLE
Five Seasons Center
Cedar Rapids
Society of Manufacturing Engineers
SME
Michigan
Illinois
Indiana
Wisconsin
Iowa
Auto sales forecast cuts loom for 1982 and 1983
Automotive News trimmed its 1982 U S new car sales forecast to 8.38 million, below 1981’s figures and under two decades of troughs. It also lowered 1983 forecast to 9.54 million, while noting foreign imports gain share amid recession pressures on domestic small cars.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Automotive News
U.S
ADM to Lease Clinton Corn Plant to Archer Daniels Midland
Clinton Corn Processing Co officials announce a long term lease of the Clinton plant to Archer Daniels Midland Co of Decatur Illinois. Terms were not disclosed. The plant employs over 1000 workers and ADM says jobs will be unaffected though milling at its Montezuma New York plant will be evaluated. Clinton Corn completed a 40 million upgrade program for grain dryers and pollution controls.
MENTIONED IN THIS ARTICLE
Clinton
UPI
Clinton Corn Processing Co
Archer- Daniels-Midland Co
Decatur
Ill
Jack Anton
Clinton Corn
Standard Brands
Nabisco
Anton
ADM
Montezuma,n.y
Cedar Rapids
Interest rates topple stocks on slow trading day
New York stocks fell as rising rates and money supply changes weighed on traders. The Dow dropped 7.89 to 801.85 while the NYSE index slid 0.69 to 63.25 and the S&P 500 dipped 1.28 to 109.96 amid weaker volume. Citibank raised its prime rate to 16 1/4 percent prompting broader caution across markets.
MENTIONED IN THIS ARTICLE
New York
UPI
Lebanon
Falkland Islands
Newton Zinder
E.F. Hutton
Standard & Poor
Citibank
Federal antitrust guidelines ease merger scrutiny
The Justice Department released 44 page guidelines to clarify when mergers may proceed with minimal intervention. Antitrust chief William Baxter said the rules are more permissive and reflect practices since 1968, aiming to reduce merger costs and risks while focusing on significant market power.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Dpartment Monday
William Baxter
Department
Baxter
Reagan
Justice Department
Dollar hits records against franc and lira amid market upheaval
The dollar soars to new highs against the French franc and Italian lira after a weekend European EMS realignment and a U.S. intervention to calm disorderly markets. Gold plunges, with London and New York prices sliding from late-week levels as the dollar strengthens across major currencies.
MENTIONED IN THIS ARTICLE
New York
UPI
U.S
Europe
Zurich
London
New York Commodity Exchange
Treasury
Donald Regan
Reagan
United States
Tokyo
T-bill rates rise in weekly auction findings
The Treasury sold 5 billion dollars of three month bills at 12.248 percent discount and six month bills at 12.503 percent, both higher than prior week. The new 91 day savings certificate yields 12.248 percent for savers and 11.998 percent for banks, with six month money market certificates at 12.753 percent. The official investor return is 13.53 percent for six month T bills, with tax exemptions possibly raising yields further.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Treasury Department
Iowa manufacturers to meet for annual convention
About 250 manufacturers and business people from across Iowa attend the Iowa Manufacturers Association convention in Iowa City. Sessions include officer elections, membership and board meetings. Keith Miller lectures on Realizing Your Dreams and Gary Richards leads a personal financial planning seminar. Dr. James Freedman will address the gathering Friday morning.
MENTIONED IN THIS ARTICLE
Iowa City
Iowa
Iowa Manufacturers Association
Farnsley Peters
Highlander Inn
Keith Miller
Gary Richards
James Freedman
University of Iowa
Amheist sales earnings drop in 1982 second quarter
American Hoist and Derrick Co parent Harper and McIntire Co Cedar Rapids reported sharply lower second quarter 1982 results. Sales fell 16 percent to 97.4 million while earnings dropped 83 percent to 795057 dollars. Last in first out accounting reduced earnings by 453000 dollars. President Robert Fox cited aConstruction equipment recession and said expenditures will be cut with no near improvement expected.
MENTIONED IN THIS ARTICLE
ST. Paul
American Hoist and Derrick Co
Harper & McIntire Co
Cedar Rapids
Robert Fox
Also Mentioned on This Page
Chris Young
Bob Pauly
MT Corp
C.R
Adventure van
Des Moines
Johnson
Mt. Vernon Rd
Faberge
Cities Service
Mesa Petroleum
Mesa
Cigna Corp
General Motors
Chicago Milwaukee Corp
Oppehneimer & Co
Chicago Milwaukee
Dome Petroleum
Bowne Co
Key Pharmaceuticals
Canada
Sobrerol
Camillo Corvi
Milan
Italy
National Association of Securities Dealeré
Amheist
Peat Ear
Tom
Tom Underwood
Tandy Corporation
Radio Shack
Tandy Corp
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