Preston Martin eyes vast thrift empire across Pacific Rim
San Francisco AP reports Preston Martin, once labeled king of S&Ls and Volcker foe, leading H.F. Holdings with William Simon to acquire troubled thrifts. They salvaged Honolulu Federal, formed West Coast Savings and Loan, and target Southern California Savings and Loan and Bell Savings. Martin envisions expanding across states, insurance, real estate, and securities while building a cross‑border financial platform.
MENTIONED IN THIS ARTICLE
San Francisco
Preston Martin
S&ls
Volcker
Federal Reserve Board
Pacific Rim
Martin
Financial District
Treasury
William E. Simon
Fed
Paul Volcker
Hawaii
Honolulu
Beverly Hills
Bell Savings and Loan
San Mateo
H.F
Boad
University of Southern California
Pakistan
Italy
California Savings and Loan
Ronald Reagan
Federal Home Loan Bank Board
Freddie
Odometer fraud risk outlined in Chrysler case
The Chrysler indictment accuses the company of selling cars with odometers disconnected. Federal law requires odometer records and penalties rise for tampering. Buyers can inspect maintenance stickers and wear, or ask prior owners for mileage disclosures to spot clocked mileage.
MENTIONED IN THIS ARTICLE
New York
Chrysler Motors Corp
U.S. Transportation Department
Chrysler
Chrysler Corp
Knoll
U.S
J. James Exon
D-Neb
Exon
Consumer Automotive Press
May Sales and Inventories Reports Preview
This week features previews of May new single family home sales and inventories to be released Monday and May leading economic indicators to be issued Tuesday. A SCORE meeting in Cedar Rapids discusses marketing to banks and chambers in Linn and surrounding counties. Rates and yields across bonds and money markets are listed.
MENTIONED IN THIS ARTICLE
Chambers of Commerce
Linn, Benton, Jones and
Cedar Counties
Cedar Rapids
Memory chip shortage hits Silicon Valley firms
Electronic firms in Silicon Valley face tight memory chip supplies amid a shortage. A survey of 35 major companies by the American Electronics Association found 90 percent worried about lower supplies and higher prices, with plans to stockpile or place multiple orders to secure parts. The shortage follows Japan’s end of March semiconductor output cuts under a trade agreement aimed at curbing cheap chips.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Silicon Valley
Santa Clara
Ogy
Cupertino
Ralph Thomson
AEA
Japan
Ministry of International Trade and Industry
Cedar Rapids Honors Hall and Karen Koontz for Civic Efforts
Mrs Hall Koontz and Karen Koontz are active in Cedar Rapids community groups. They helped bring the National Society of Colonial Dames annual meeting to Cedar Rapids and will host the event with Mrs Koontz serving as museum properties chair. The City of Five Seasons thank them for their civic work.
MENTIONED IN THIS ARTICLE
Koontz
Cedar Rapids
Karen Koontz
Hall Home Furnishings
Iowa
National Society of Colonial Dames of America
Museum Properties
Cedar Rapids Promotes Meetings and Conventions
The city highlights Cedar Rapids as an ideal location for meetings and conventions. It invites organizations to collaborate on arranging hotels, venues, hospitality, and entertainment to ensure smooth events.
Also Mentioned on This Page
Federal Reserve
Continental Bank & Trust Co
Chicago
Chase Manhattan
Money Center
Paul
California
Ritzy
Pacific Heights
Pres
Simon
Australia
Bob Knol
Consumers Union
Consumer Reports Magazine
Service Corps of Retired Executives
SCORE
Cedar Rapids Area
London
Fred Schuchmann
Charlie ‘King
Millhiser Smith Agency. Inc
Oakland Road
Marty Smith
Colonial Dames of
America
C.R
Mrs. Hall Koontz
Time
Amana Colonies Golf Course, Inc
R.G. Dickinson & Co
Des Moines, Iowa
Financial Services Inc
Cedar Rapids, Iowa
American Investors Group
Minneapolis, Minnesota
Securities
Des Moines
Arnet-Mccabe & Co., Inc
Mt. Pleasant
First Bankers Securities Corp
Mason City
Waterloo, Iowa
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