Bright to become president and COO of Iowa Illinois Gas
ia Stanley Bright, 49, of Bettendorf, will become president and chief operating officer of Iowa-Illinois Gas and Electric Co. on April 1. The current president Barry O'Brien will remain chairman and chief executive officer. Bright is currently vice president finance and chief financial officer. The firm supplies natural gas in Cedar Rapids and both gas and electricity in Iowa City.
MENTIONED IN THIS ARTICLE
Stanley Bright
Bettendorf
Iowa- Illinois Gas and Electric Co
Barry O’brien
Bright
Iowa-Illinois
Cedar Rapids
Iowa City
Jury Orders Brown & Williamson to Pay Liggett 148.8 Million
A Greensboro federal jury awarded Liggett Group Inc. 148.8 million dollars after a seven month antitrust trial finding Brown and Williamson Tobacco Corp. attempted to destroy Liggett's generic cigarettes by illegal pricing.
MENTIONED IN THIS ARTICLE
Greensboro
N.C
Brown & Williamson Tobacco Corp
Liggett Group Inc
Liggett’s
U.S. District Court
Campbell Soup plant in Camden ends 121 year run
Workers at Campbell Soup Co. oldest Camden factory received final paychecks as production ceased. The 121 year old plant halted after the last can of pork and beans rolled off the line at midnight, marking the end of an era for the birthplace of condensed soup.
MENTIONED IN THIS ARTICLE
Campbell Soup Co
Camden
N.J
Condensed Soup
Keating Faces Civil Fraud Suit Over Junk Bond Debacle
California officials accuse Charles H. Keating Jr and two associates of orchestrating a web of fraud that cost investors $200 million on now worthless Lincoln Savings junk bonds. The civil suit seeks repayment to bond buyers and ties to Lincoln’s parent American Continental Corp, already sued by the FDIC for $1.1 billion.
MENTIONED IN THIS ARTICLE
California
Charles H. Keating Jr
Lincoln Savings & Loan
Keating
Lincoln
American Continental Corp
Federal Deposit Insurance Corp
Detroit man sues Trump over board game idea
Walter Brockington III, a 29 year old insurance man, sues Donald Trump alleging he copied his board game idea Mogul for Trump The Game Brockington seeks more than 50 000 in damages. He says he sent a Mogul prototype to Trump and other businessmen before Trump and Milton Bradley made their deal.
MENTIONED IN THIS ARTICLE
Detroit
Donald Trump
Walter Brockington III
Trump
Milton Bradley
Small Business Expo 1990 Spokane Seattle Co Sponsor
About 3 500 Iowa firms received brochures for the Small Business Administration Export Expo 1990 planned for late March in Seattle. Registration is limited to 1 500, urging early signups per SBA district director James N. Thomson. The event runs March 27 30 with AT&T as co sponsor and a 150 dollar fee. for information call 319 393 8630.
MENTIONED IN THIS ARTICLE
Iowa
Small Business Administration
Seattle
James N. Thomson
SBA
Cedar Rapids
American Telephone and Telegraph
Merrill Lynch Offers Telephone Service for Hard of Hearing
The Wall Street firm introduces a new telephone service for the hard of hearing. More than 50 Merrill Lynch brokers are equipped with a Telecommunications Device for the Deaf or a speech amplifier. For information contact Kirk Peteren at 609-282-1336.
MENTIONED IN THIS ARTICLE
Merrill Lynch & Co
Wall Street
Merrill Lynch
Kirk Peteren
Regulators Seize Pima Savings and Loan in Tucson
Federal regulators take control of Pima Savings and Loan Association in Tucson, raising Arizona's government controlled thrifts to seven while four independent thrifts remain. The Resolution Trust Corp created last August to manage insolvent thrifts oversees the seizure.
MENTIONED IN THIS ARTICLE
Pima Savings and Loan Association
Tucson
Ariz
Resolution Trust Corp
Arizona
Cigna Drops Personal Auto Insurance Line
Cigna Corp. of Philadelphia says it will stop offering personal auto insurance as the division yields little business and only marginal profits. The firm, a major commercial insurer, posted last year total premiums of 11.5 billion dollars with personal auto at 215 million. Del Monte Corp sells Hawaiian Punch unit to Procter & Gamble for 150 million in cash. The 300th anniversary of the U.S. paper industry will be marked during Paper Week hosted by the American Paper Institute.
MENTIONED IN THIS ARTICLE
Cigna Corp
Philadelphia
Cigna
del Monte Corp
Procter & Gamble Co
U.S
The
American Paper Institute
Rockwell
Rockwell develops truck satellite radio system
The Avionics Group of Rockwell International advances a two way satellite data and vehicle location service aimed at fleet operators. A Cedar Rapids center will open in 1992 with mobile terminals and dispatch interfaces and potential markets include public services and remote data users. The system may expand to two way voice, data printers and fax, with FCC licensing pursued for American Mobile Satellite Corp services.
MENTIONED IN THIS ARTICLE
Avionics
Rockwell International
Cedar Rapids
Federal Communications Commission
American Mobile Satellite Corp
Rockwell develops mobile satellite system with Cedar Rapids base
Rockwell International plans a mobile satellite system built by its Avionics Division. The project includes a control-display unit, antenna and interface for an on-board computer. A ground station will be erected in Cedar Rapids in 1992.
MENTIONED IN THIS ARTICLE
Rockwell International
Rockwell
Avionics Division
Cedar Rapids
Banks push reform of deposit insurance with losses for big accounts
The American Bankers Association endorses a plan to reform deposit insurance maintaining 100000 per account coverage while applying annual haircuts to deposits over the limit. The proposal aims to curb risky growth and force quicker bank closures, though critics warn of potential runs and consolidation harms.
MENTIONED IN THIS ARTICLE
Washington
American Bankers Association
Federal Deposit Insurance Corp
S&ls
Dugger
Cedar Rapids bank clearings rise in early year
Value of checks cleared through the Cedar Rapids bank clearing house in January and February reached more than 415 million, up 10 percent from the 375 million cleared in the same period of 1989. February clearings fell 44 percent from January and 12 percent from February last year.
MENTIONED IN THIS ARTICLE
Cedar Rapids Bank
Money best motivation survey says pay boosts productivity
The Institute of Industrial Engineers reports most members favor higher pay to boost enthusiasm and output. 27 percent of 40 000 members responded, with 75.2 percent saying employees lack enthusiasm, while gain sharing programs cited by Ford and 3M show corporate incentives can raise performance.
MENTIONED IN THIS ARTICLE
Atlanta
U.S
Institute of Industrial Engineers
Gregory Balestrero
IIE
Norcross
Balestrero
Miami
Minnesota Mining and Manufacturing Co
Ford Motor Co
New home sales fall 7 percent in January reports
The Commerce Department shows new single family home sales at a 589,000 annual rate in January, the lowest since March last year, with December at 634,000 and November at 704,000. The leading indicators index sits at 145.3, while the median price edges up to 127,000 and the average price drops to 152,600. The South leads decline with 18.9 percent, while the Northeast and Midwest post gains or smaller losses.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
South
West
Northeast
Midwest
Stock rally extends to fifth session on U S markets
The Dow rose 24.77 to 2660.36 in a fifth straight gain as the Nasdaq-like uptick and breadth favored advances 982 up, 484 down, 503 unchanged. Eastern Iowa stocks showed 15 higher, 13 lower, 10 flat, with GM up to 46 and IBM at 104.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
U.S
Iowa
Also Mentioned on This Page
Liggett
Campbell Plant
Small Business
Investor
Thrift
Trovisle
Avionics Group
James Churchill
Burlington Northern Railroad
Bellevue
Coralville
Decorah
Manchester
Mason City
Melbourne, Fla
Bankers Back Reform of Deposit Insurance
American Bankers
William Issac
Robert Dugger
Kenneth Guenther
Independent Bankers Association of America
Guenther
Congress
C.R
Tokyo
Gordon Smith
Alex. Brown & Sons Inc
Baltimore
Weyerhaeuser
James River
General Motors
General Electric
International Business Machines
Exxon
State of
Imperial Palace
Kashan Shiraz
Dergazine
Isphahan
Nain
Sarough
Kirman
Kashmar
Tabriz
Bokhara
Karz
AIR Cargo Warehouse
Days Inn
1St Ave
S.E
Collins Road
Fidelity First Financial Corp
A Khan
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