SBA extends loan aid to fifteen new Iowa counties
The SBA in Cedar Rapids added Benton Buchanan Cedar Clinton Delaware Dubuque Iowa Jackson Johnson Jones Linn Louisa Muscatine Scott and Washington counties to the storm and flood disaster loan program. Deadline to apply is February 26 with a toll free line 1 800 527 7735 for details.
MENTIONED IN THIS ARTICLE
James N. Thompson
SBA
Cedar Rapids
Benton
Buchanan
Cedar
Clinton
Delaware
Dubuque
Iowa
Jackson
Johnson, Jones, Linn
Louisa
Muscatine
Scott
Washington
Soviet Trade Aide Arrives in Des Moines for Three Month Stay
Yuri M. Petrov director of foreign trade for Stavropol Production Association arrives in Des Moines to explore U S Soviet trade ties. He is hosted by the International Bureau of the Iowa Department of Economic Development and has worked in Britain Austria and Finland.
MENTIONED IN THIS ARTICLE
Yuri M. Petrov
Stavropol Production Association
Budionnovsk
Soviet Union
Des Moines
United States
International Bureau
Iowa Department of Economic Development
Academy of Foreign Trade
Moscow
Great Britain
Austria
Finland
Carmike to Sell 75 Million Senior Notes Due 2005
Carmike Cinemas Inc. announces signing a $75 million offering of 10.53 percent Senior Notes due 2005. Proceeds will fund future acquisitions and expansion and retire part of existing debt at the northeast Cedar Rapids theater operator.
MENTIONED IN THIS ARTICLE
Carmike Cinemas Inc
Cedar Rapids
Carmike
Dayton plans expansion with hundreds of new Target and Mervyn's stores
Dayton Hudson Corp told institutional investors it plans to open about 300 new Target stores and 80 new Mervyns stores over the next five years. Target runs 407 stores in 32 states and Mervyns 221 stores in 15 states.
MENTIONED IN THIS ARTICLE
Dayton Hudson Corp
Target
Mervyn's
Mervyn’s
Pamida Registers New Shares Offering
Pamida Holdings Corp. of Omaha filed to register 2.8 million shares of common stock with 800,000 to be sold by existing holders. Proceeds expected to repay a $25 million term loan and the issue may raise about $54.7 million at $17 a share.
MENTIONED IN THIS ARTICLE
Pamida Holdings Corp
Omaha
Pamida
U.S. JV to supply transaxles for Rover 825 Turbo Diesel
Gear Inc of Troy Michigan, a Chrysler GM joint venture, signs a four year deal to supply five speed manual transaxles for Rover Group’s new 825 Turbo Diesel cars. Rover Group is based in Birmingham England. Transaxles combine transmission and axle for front wheel drive vehicles.
MENTIONED IN THIS ARTICLE
New Venture Gear Inc
Troy
Mich
Chrysler Corp
General Motors
Rover Group
Rover
Birmingham
England
Layoffs Hit Marshall Field Chicago Staff As Dayton Hudson Cuts
Dayton Hudson Department Store Co will lay off more than half of Marshall Field & Co.'s 1,550 Chicago headquarters employees, about 850 positions, over the next six months. Douglas Aircraft is considering an additional 2,000 to 4,000 layoffs following McDonnell Douglas Corp.’s prior cut, a spokesman said.
MENTIONED IN THIS ARTICLE
Dayton Hudson Department Store Co
Marshall Field & Co
Chicago
Douglas Aircraft Co
McDonnell Douglas Corp
Douglas
Sale of Iowa Revco stores completed by Reliable Drug
Reliable Drug Stores Inc. of Indianapolis completes purchase of 221 Revco stores in Iowa and seven other Midwest states. Cedar Rapids loses two downtown area locations. deal expands Reliable’s footprint across Iowa Illinois Kentucky Indiana and adds Michigan Tennessee Kansas Missouri. Two former Iowans aided talks.
MENTIONED IN THIS ARTICLE
Revco Drug
Iowa
Midwest
Reliable Drug Stores Inc
Indianapolis
Reliable
United States
Cedar Rapids
Lindale
Revco
Detroit
Perry Drug Stores Inc
Illinois
Kentucky
Indiana
Michigan
Tennessee
Kansas
Missouri
Grass
Acadia Partners L.P
Fort Worth
Texas
Robert M. Bass Group of
Boake Sells
Fort Dodge
Paul Harris
Percy Harris
Leading economic index hits new May high signaling continued expansion
The Commerce Department reported the Index of Leading Economic Indicators rose 0.8 percent in May to 146.2 of the 1982 base, a new record, driven by overseas demand while consumer confidence slipped and spending remained weak. Analysts warned growth could slow or slip into recession without a stronger consumer contribution.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Ative
David Jones
Aubrey G. Lanston & Co
New York
William K. MacReynolds
U.S. Chamber of Commerce
Jones
Sedona
Ariz
Iowa
Procter & Gamble
Banks of
Wal-Mart
Stocks rebound from slump on Wednesday rally
The Dow Jones average rose 19.80 to 2862.13 as the market shrugged off weak earnings from American Telephone and Telegraph. Advancers led decliners 851 to 597 with 529 unchanged in nationwide NYSE trading.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
American Telephone & Telegraph
New York Stock Exchange
Arenson plans new building at Center Point showroom
Construction has begun on an 18000 square foot service building with a 6500 square foot parts department at Jim Arenson Chevrolet Imports. The facility will adjoin the current sales showroom and replace the old Highway 150 location, with completion targeted for September. Mahurin Construction Co. serves as the general contractor.
MENTIONED IN THIS ARTICLE
Center Point
Jim Arenson Chevrolet Imports
Interstate 380
Gary Marovets
Heart Land Capital Fund Launches in Iowa Venture Push
Iowa officials unveil the Heart Land Capital Investment Fund backed by the Iowa Public Employee Retirement System. The $15 million, seven year program targets entrepreneurial and early stage ventures to boost Iowa businesses using pension trust money. Governor Branstad announced the plan.
MENTIONED IN THIS ARTICLE
DES Moines
Heart Land Capital Investment Fund
Iowa
Terry Branstad
Vernon Savings chief Dixon pleads innocent in S&L case
Don Dixon, former Vernon Savings & Loan owner, pleads innocent to 38 federal charges linked to the 1987 $1.3 billion collapse. A trial was set for Aug. 20 by U.S. District Judge Joe Fish. Dixon remains free on recognizance. Five Vernon officials have pleaded guilty as regulators cited abuses in the thrift era.
MENTIONED IN THIS ARTICLE
Dallas
Vernon Savings & Loan
Don Dixon
U.S
Joe Fish
Dixon
Vernon Savings and Loan
Vernon
Savings and Loan
Vernon Savings
AT&T Sees Lower Q2 Profit Amid Equipment Slump
AT&T warned its second quarter profit will fall short of a year ago and below expectations due to weaker telephone equipment sales. The company plans to report results in mid July and maintained a view of record annual profits. Shares closed at 39.12, down 2.12, with 11.5 million traded. Analysts estimate Q2 earnings around 60 to 63 cents a share.
MENTIONED IN THIS ARTICLE
NEW York
At&t
American Telephone & Telegraph Co
Bell System
Stu
New York Stock Exchange
Salant Files Chapter 11 Amid Takeover Debt
Salant Corp of New York filed for Chapter 11 bankruptcy protection after failing to service debts from a takeover of a larger rival. The apparel maker, owner of Dr Denton and Manhattan lines, cites weak retail demand as the seasonal slowdown hits.
MENTIONED IN THIS ARTICLE
New York
Salant Corp
Dr. Denton
John Henry
Manhattan Shirts
Lady Manhattan Sportswear
Also Mentioned on This Page
Treasury
Acme Printing Co
Ames
Kroger Co
Alabama
Grocer
Huntsville
Ala
Dahl's
Dayton
The
National Endowment For
Edward T. Bristleton
Ed Bristleton
Roger Grass
C.R
Arenson
Caterpillar
Eli Lilly
Bristol-Myers Squibb
Abbott Laboratories
Pfizer
IPERS
Art Crane
Gruntal & Co
Salant Files
Salant
Bor
Larry
Larry D. Sharp
CCIM
SIOR
GRI
CRB
American Realty of
Edgewood
S.W. Cedar Rapids
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