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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 25, 1987

Page

27

Domestic car sales decline across major automakers

June 11–20 totals show overall U S domestic car output falling 11.3 percent to 223 376 from 251 920 while year to date sinks 11 8 percent. GM and Chrysler lead declines. Ford and Honda post gains. AMC and Nissan show dramatic shifts in June figures.

Detroit U.S Ford Chrysler United States Honda Amc-Renault Volkswagen Nissan Toyota Volkswagen of America Nissan USA

Yields Rise on Four Year Treasury Notes Auction

Washington AP reports yields on four year Treasury notes climbed to 7.89 percent in Wednesday's auction, the highest since December 1985. The coupon rate is 7.875 percent.

Washington Treasury

Wall Street Down as Market Digesting Rally Gains

Trading was mixed then down as investors booked profits from an 11 session rally. The Dow fell 11.32 to 2428.41 while the NYSE saw 934 decliners to 606 advancers. Major indexes including S and P and NASDAQ slipped, with IBM aiding slight gains despite broader weakness.

New York Stock Exchange Wall Street United States

Penwest plans 2 for 1 stock split approved by board

Penwest Ltd announces a 2 for 1 stock split in the form of a non taxable dividend. Record holders as of July 7 will receive one extra share for each share owned. The new shares will be delivered in late July. Penwest, based in Bellevue Washington, notes earnings growth driven by its Penick and Ford unit and market value rise since spin off from Univar Corp in 1984.

Penwest Ltd Tod R. Hamacek Bellevue Wash Penick and Ford Cedar Rapids Hamachek Penwest Univar Corp

Farmers see biotechnology as mixed blessing for them

Iowa State University poll of 1,900 farmers finds mixed views on biotech. Desirable impacts include less chemical dependence and self fixing nitrogen, while concerns center on farm closures, increased corporate control, and potential surpluses. Some uncertainty remains about benefits to living standards and distribution.

Ames Iowa Iowa Farm Iowa State University Paul Lasley ISU Extension Gordon Bultena ISU Lasley

Senate unit approves Harkin research bill

The Senate Agriculture Committee backed a bill by Sen. Tom Harkin to authorize $75 million yearly in federal funds for long term nonfood crop biotech research. Supporters praised the aim while critics questioned if Congress will provide the money, with Sen. Rudy Boschwitz noting budget constraints.

Washington Senate Agriculture Committee Senate Tom Harkin Iowa Agriculture Committee Congress Sen Rudy Boschwitz R-Minn Harkin Boschwitz USDA

Ford recalls Ambulances and Sears Vacuum Cleaners nationwide

Ford will inspect about 15 000 ambulances converted from 1983 87 Econoline E 350 models to fix heat buildup risks that could start fires. Sears Kenmore canister vacuums 33 000 units sold 1986 year recall for wiring fault. owners told to stop use and visit service centers.

Ford Motor Co Ford Detroit Virginia Jim Bright Ford Parts and Service Division Bright Washington Consumer Product Safety Commission Nounced Sears Sears Kenmore Whirlpool Corp

Amoco moves 200 jobs from Kansas City to West Des Moines

Amoco Oil Co will add 200 credit card center jobs in a Des Moines suburb as it consolidates operations from Kansas City to West Des Moines. The expansion brings total staff to about 900, with many Kansas City workers expected to transfer. The company cites Iowa’s business climate and local support as factors.

Des Moines Amoco Oil Co Iowa West Des Moines Kansas City Reed Clark Amoco Clark Reed IBP Inc Joslin Ill Muscatine Dakota City Manchester IBP Postal Service

Cincinnati broker faces possible action over fake Dayton Hudson bid

Federal authorities weigh potential steps against Cincinnati stockbroker P David Herrlinger after he telephoned a bogus 70 per share offer for Dayton Hudson Corp The case involves uncertain securities action and jurisdiction with the SEC and Ohio regulators reviewing.

Cincinnati Dow Jones Dayton Hudson Corp P. David Herrlinger Anthony Covatta Herrlinger Dayton Hudson U.S D. Michael Crites Crites SEC Mark Holderman Ohio Division of Securities The New York Stock Exchange

Also Mentioned on This Page

General Motors American Motors Toyota USA Dow Down Associated Press and Gazette William Tiritilli Rodman & Renshaw Chicago IBM At&t Hanson Trust Gillette Occidental Petroleum Commonwealth Edison Baxter Travenor General Mills Standard & Poor S&p American Stock Exchange Poweshiek County Jones County Ringgold County Kossuth County David Lynch Gazette Washington Reporter Tim Grady First Avenue Skogman Eters Associated Press Whirlpool Safety Commission Amana Colonies Golf Course, Inc Brahery Stete R.G. Dickinson & Co Des Moines, Iowa Erthel Fisher Za Fleischman Financial Services Inc Cedar Rapids, Iowa American Investors Group Minneapolis, Minnesota Arnet- McCabe & Co., Inc Mt. Pleasant First Bankers Securities Corp Mason City Waterloo, Iowa
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