Export methods out of date Iowa group told
Cedar Rapids audience hears Joel Honigberg, a trade expert, call for overhauling the US trading system to end postwar patterns. He urges export trading companies and cites the Export Trading Company Act as key to boosting American products abroad, with banks and firms forming new intermediaries. Gov Ray notes Iowa's rising export role amid European talks.
MENTIONED IN THIS ARTICLE
Chip Magici Gazette
Cedar Rapids
Joel D. Honigberg
J.D. Honigberg and Associates
Marshall International Trading Co
Iowa
United States
Honigberg
Stouffer’s
Five Seasons Hotel
Iowa Development Commission
Congress
Robert Ray
Ray
Europe
European Economic Community
FMC denies move from Cedar Rapids amid plant layoffs
FMC Corp. executive J. C. McKeon refutes rumors that the Cedar Rapids operations will move. He cites recession and weak demand as the cause of layoffs while noting a product line shift and possible future moves of certain parts to Cedar Rapids, arguing long run growth favors the plant.
MENTIONED IN THIS ARTICLE
FMC Corp
FMC
Cedar Rapids
J.C. McKeon
the Gazette
McKeon
Iowa
Arbitration Sought Over FMC Crane Transfer Dispute
UAW and FMC Corp. seek arbitration to resolve a dispute over transferring small line crane production from Cedar Rapids to Lexington and Bowling Green. A federal temporary restraining order halted the transfers pending a hearing. Kentucky plants are non union.
MENTIONED IN THIS ARTICLE
United Auto Workers
FMC Corp
FMC
Cedar Rapids
Lexington
Bowling Green
Chicago
John F. Grady
UAW International
Kentucky
Treasury shuffles financing schedule amid debt ceiling delay
The Treasury, delaying due to Congress not raising the debt limit, adjusts its $17 billion financing plan. It reschedules $4 billion of 4 year notes to June 29 with issues set for July 6, offers $4 billion in 7 year notes for July 8, scales back weekly bills to $9 billion, and cancels the 20 year bond due to coupon limits. Secretary Regan urges quick action to avoid market disruption.
MENTIONED IN THIS ARTICLE
Washington
UPS
Treasury Department
Treasury
Department
Donald Regan
Congress
Stock resurgence lifts market with GM and MCA gains
UPI reports renewed inflation still prompting a bargain-hunting rally as the Dow climbs 9.71 to 799.66 and the NYSE index rises 0.56 to 62.29 amid strong volume. GM hits a 1982 high while MCA soars on E T box office success. NASDAQ gains 1.05 to 169.05 with mixed shifts across majors.
MENTIONED IN THIS ARTICLE
New York
UPI
General Motors
E.T
MCA
At&t
IBM
Djia
Cities Service
Gulf Oil
Mesa Petroleum
Mesa
Carolina Power & Light
Six Arrested in IBM Secrets Theft Conspiracy
FBI announced six Californians conspired to steal IBM documents and tapes to aid Hitachi Ltd and Mitsubishi Electric Corp in Japan. An undercover agent handled the operation with payments totaling 648,000 dollars. Twelve more individuals face conspiracy charges. timing of the scheme was not disclosed.
MENTIONED IN THIS ARTICLE
Washington
UPI
California
IBM
FBI
William Webster
Hitachi Ltd
Mitsubishi Electronic Corp
Japan
U.S
San Francisco
Webster
Mitsubishi Electric Corp
Cedar Rapids Hiring Seen Flat Next Quarter
Manpower Inc. survey shows Cedar Rapids area employers anticipate flat hiring in July to September with 20 percent plans to hire, 10 percent expect cuts, and 70 percent unchanged. Local manufacturers and public admins lead activity while durable goods makers and educators expect cuts. National and Midwest compares show lower hiring and higher no change.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Manpower Inc
John Gavin
Gavin
Midwest
Miller Buys Out Harries at Miller Harries Datsun
Jim Miller, co owner of Miller Harries Datsun in Cedar Rapids, buys Galen Harries interest effective June 1. Harries has retired to the Ozarks and runs a motel. The business continues as Jim Miller Datsun.
MENTIONED IN THIS ARTICLE
Jim Miller
Miller- Harries Datsun
Cedar Rapids
Galen Harries
Miller
the Gazette
Harries
Ozarks
Also Mentioned on This Page
Iow
The
Gazette
Control Data
General Electric
Standard & Poor
CPL
North Carolina
Dome Petroleum
Champion Home Builders
Integrated Energy
National Association of Securities Dealers
C.R
Sheraton
Zazza
Sheraton Inn
33Rd Avenue
Red Peppers Sports
Inc
U.S. Treasury
Savings and Loans
Thrift Loans, Inc
Marion
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