Branstad to Promote Iowa Business in San Francisco
Governor Terry Branstad will visit San Francisco on March 7 and 8 to attract business to Iowa. He will be joined by officials and business leaders from Corning Storm Lake Clear Lake Cedar Rapids Council Bluffs Fort Dodge West Des Moines Town City the Quad Cities Sioux City Centerville Red Oak and Avoca.
MENTIONED IN THIS ARTICLE
Terry Branstad
San Francisco
Iowa
Corning
Storm Lake
Clear Lake
Cedar Rapids
Toshiba Sold Computer Part Machines to East Bloc Nations
Congress sources say Toshiba Corp sold machines for making computer parts to Czechoslovakia and East Germany but halted a third deal last summer after U.S. officials discovered it. A Pentagon spokesman denied the transfers, while several lawmakers say intelligence reports confirm the illegal technology transfers did occur.
MENTIONED IN THIS ARTICLE
Japan
Toshiba Corp
Czechoslovakia
East Germany
U.S
Pentagon
Congress
Kmart moves into wholesale via Makro stake buy
Kmart Corp announces acquisition of 51 percent of Makro Inc the U S subsidiary of SHV Holdings expanding into warehouse membership stores. Makro operates in Cincinnati Philadelphia Atlanta and Washington D C with two new outlets planned. Kmart also plans a future hypermarket with Bruno's Inc. and notes best known as a discount retailer.
MENTIONED IN THIS ARTICLE
Kmart Corp
Makro Inc
U.S
SHV Holdings
Makro
Cincinnati
Philadelphia
Atlanta
Washington, D.C
Waldenbooks
Kmart
Bruno’s Inc
Takeover battles and leadership changes span major moves
Takeover chatter shows American Standard sweetening a 2.3 billion defense while Black & Decker raises to 2.2 billion. Campeau eyes Federated assets for a 6.18 billion tender. Batus launches a 4.5 billion hostile bid for Farmers Group after a rejected 4.2 billion proposal. NYSE president Birnbaum to step down with Grasso named successor. Louis Seaton, longtime GM labor negotiator, dies at 81 in Florida.
MENTIONED IN THIS ARTICLE
American Standard Inc
Black & Decker Corp
Campeau Corp
Filene’s
Foley’s
Federated Department Stores Inc
May Department Stores Co
Campeau
Federated
Batus Inc
Farmers Group Inc
Batus
Robert J. Birnbaum
New York Stock Exchange
Richard A. Grasso
Birnbaum
NYSE
American Stock Exchange
Louis G. Seaton
General Motors Corp
Sarasota
Fla
Korea to Lead May Buying Mission to United States
South Korea plans a 15 day mission to the United States in May led by Nam Duck woo head of the Korea Foreign Trade Association to buy machinery and other industrial products. Officials say itinerary and shopping list are not fixed yet.
MENTIONED IN THIS ARTICLE
South Korea
United States
Nam Duck-woo
The
Korea Foreign Trade Association
U.S
Insider trading case widens in Suffield merger probe
The former Suffield Savings Bank chairman Robert DiGennaro resigned last July and is charged with obstruction of justice among others. Arthur Silverman, 62, a West Hartford stockbroker, faces four counts including perjury in the federal inquiry into insider trading preceding the 1986 merger with a Maine bank.
MENTIONED IN THIS ARTICLE
Connecticut
Maine
Robert DiGennaro
Suffield Savings Bank
Arthur Silverman
West Hartford
Bethlehem Steel to pay $48 million bonuses to 24000 workers
Bethlehem Steel Corp will distribute 48 million in cash and stock to 24,000 employees as a reward for wage and benefit concessions that produced the firm's first profit since 1981. Workers will get about 500 in cash plus convertible preference shares worth about 1500 under the union contract.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Corp
Bethlehem
Northwest cited for safety violations in FAA report
FAA report details a month long investigation by the agency into Northwest Airlines operations. It cites unairworthy jetliners improper repairs and record keeping lapses along with issues like flight time monitoring and an in flight smoking incident. Northwest says the findings may change after their response and FAA review.
MENTIONED IN THIS ARTICLE
Northwest
FAA
Northwest Airlines
Mort Edelstein
Edelstein
Griggs
Northwest Flight 49
recalls announced for ski bindings tires and Roxanol 100 pain reliever
Tyrolia recalls about 450000 ski bindings with various toe lug models and codes due to possible breakage. Rand International offers free replacement wheels for 40000 BMX 12 bikes sold through Otasco and others. Roxane Laboratories recalls six lots of Roxanol 100 liquid morphine spoon risk. replacements provided by company and pharmacists.
MENTIONED IN THIS ARTICLE
Tyrolia
Consumer Product Safety Commission
Rand International
Farmingdale
N.Y
CPSC
Otasco
Rand
Executive Blvd
The
Safety Commission
Roxane Laboratories Inc
Stocks Dip On Strong Jobs Data And Rate Hike
The Dow fell 5.63 to 2057.86 as rates rose after a stronger than expected jobs report. NYSE volume was 201.41 million, with decliners leading advancers 811 to 696 and 474 unchanged. Eastern Iowa linked stocks mixed with eight up, eleven down. Procter and Gamble fell while Nash Finch rose. Gold stocks gained with ASA Ltd up 1 to 47, Homestake percent, and Amax Gold up 1 to 21.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
NYSE
Procter and Gamble
Penwest
Nash Finch
Exxon
Eastman Kodak
General Electric
American Telephone & Telegraph
American Standard
Black & Decker
Munford
ASA Ltd
Homestake Mining
Amax Gold
Collins Plaza near Cedar Rapids posts 68 percent complete
Construction of the Collins Plaza hotel and convention center in northeast Cedar Rapids was reported about 68 percent finished last week. Masonry 85 percent, windows 96 percent, metal partitions 90 percent, plumbing 80 percent, and electrical 65 percent complete. The 42 story waterfall atrium and two glass elevators rise as John Q. Hammons of Springfield, Missouri develops the project with a Cedar Rapids sales office at 1200 Collins Rd NE.
MENTIONED IN THIS ARTICLE
Collins Plaza
Cedar Rapids
Collins Rd
John Q. Hammons
Springfield
Airlines Raise Fares Across Major U.S. Routes
New York reports stronger than expected air travel with Continental leading fare hikes. One way coach fares rise by 7 to 45 dollars as American United and Northwest match increases in markets they compete. Discounts tightened and advance-purchase and change penalties apply. Unclear months noted.
MENTIONED IN THIS ARTICLE
New York
Continental Airlines
Continental
American
United
Northwest Airlines
Denver
Newark
N.J
Rochester
N.Y
Bakeries for sale by Australian firm in Wisconsin
Bond Corp Holdings Ltd, owner of G Heileman Brewing Co, will sell the bakeries division. About 4,700 people employed nationwide. The company runs a Cedar Rapids distribution branch.
Also Mentioned on This Page
Toshiba
Chain Gang
Pewag Chains Co
St. Albans
Graniteville
Korean Buying Mission
Asia
Europe
North America
Republic Airlines
Associated Press and Gazette
Cedar Rapids Gazette
7Th St
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