Jobs picture improves in Cedar Rapids area says Job Service official
Mike Millard of Job Service of Iowa says area employment has edged up in recent weeks with gains in service and clerical roles. Secretaries waitresses nurse aides and salespeople are in demand while layoffs have been limited mostly to Rockwell Collins. Production workers face tougher odds though some plants like Iowa Manufacturing FMC and Harnischfeger have started callbacks.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Mike Millard
Job Service of
Iowa
Millard
Food Service
Iowa Manufacturing
FMC
Harnischfeger
Bureau of National Affairs
Washington, D.C
Unemployment claims rise in first week of March
UPI reports 501000 new jobless claims in the week ending March 5, a 41000 increase from the prior week, erasing the prior week’s dip caused by Presidents Day. State program beneficiaries reach 3998000 as total benefit recipients climb, with February unemployment at 10.4 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
Department
Employment and Training Administration
Iowa power firms plan rate hikes with Louisa plant in view
Six of seven investor owned utilities serving Iowa plan electricity rate increases this year to fund expanding capacity, with Iowa Southern the only exception. The Louisa plant near Muscatine, owned by four firms including Iowa-Illinois and Iowa Power, drives much of the anticipated rise as the Commerce Commission weighs capacity excess penalties and lawmakers consider limiting profits on surplus capacity.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Iowa Southern
Union Electric
St. Louis
Keokuk
Louisa
Muscatine
Ron Padovich
Centerville
Ottumwa
Burlington
Newton
Creston
Sig
Ourney
Washington
Iowa-Illinois
Davenport
Iowa Power of
Iowa Public Service of
Sioux City
Interstate Power of
Commission
Illinois
Iowa Power
Iowa Electric of
Cedar Rapids
Iowa Commerce Commission
Iowa House
CIA financed salvage ship for 1974 sunken sub effort
On this date in 1975 reports revealed that the CIA funded the construction of a multimillion-dollar salvage vessel intended to raise a sunken Russian nuclear submarine in the Pacific Ocean during a 1974 operation.
MENTIONED IN THIS ARTICLE
CIA
Pacific Ocean
Record U S fourth quarter trade deficit hits new high
The United States posted a record 6.1 billion balance of payments deficit in the fourth quarter, lifting the 1982-year shortfall to 8.1 billion as imports outpaced exports. Officials warn 1983 may bring a larger current account deficit, possibly over 20 billion, due to weak services trade and investment income.
MENTIONED IN THIS ARTICLE
Washington
UPI
U.S
Oil stocks fall as market softens after price-cut news
Dow rises 0.97 to 1116.97 while oil shares decline across major groups on European price-cut moves affecting OPEC. ARCO leads NYSE losers, Schlumberger and Goodyear also slide. NASDAQ and AMEX indexes fall with lighter volume.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
NYSE
Soviet Union
Egypt
OPEC
Atlantic Richfield
Schlumberger Ltd
Goodyear Tire
Philips Petroleum
Doyne agrees to revocation of his license
The former manager of Prudential’s Cedar Rapids district office surrendered his life insurance license to the Iowa Insurance Department. He did not admit to the department’s allegations that he signed an improper license application and encouraged deceptive sales practices. He remains under department scrutiny as hearings for two other Prudential officials proceed.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Lazette
Des Moines Prent
Des Moines
Prudential Insurance Company
Cedar Rapids
James Doyne
Iowa Insurance Department
Doyne
Insurance Department
Prudential
Chuck Granger
John Null
Robert Duran
Glenn Grawe
Grawe
Horner
Caterpillar to offer new settlement package to end UAW strike
Caterpillar Tractor Co said it will present a new complete settlement package on Monday to resolve the United Auto Workers strike that began October 1. Details of the offer were not disclosed.
Dr Doom Beesley to resign as FSLIC chief
H Brent Beesley known as Dr Doom for his role in closing dozens of savings and loans announced his resignation as head of the Federal Savings and Loan Insurance Corp He spearheaded 117 mergers or dissolutions in two years handling 40 billion dollars in insured deposits and growing the FSLIC fund by 150 million while cutting staff pressure.
MENTIONED IN THIS ARTICLE
Washington
UPI
H. Brent Beesley
Dr. Doom
Federal Savings and Loan Insurance Corp
Beesley
Salt Lake City
Utah
Federal Home Loan Bank Board
Richard Pratt
FSLIC
Prudent
Government sells 7.76 billion in two year notes at 9.66 percent
The U S government sold 7.76 billion dollars of two year notes at an average yield of 9.66 percent, down from February. The 95 percent coupon notes sold for 99.938 percent of par with bids totaling 13.5 billion. Maturity is March 31, 1985.
MENTIONED IN THIS ARTICLE
Washington
UPI
Also Mentioned on This Page
Ry March
Met Products & Services
United States
Robert Dederick
Israel
Turkey
Dow
Texaco
Standard Oil
California
Standard Oil of
Indiana
Sony
Dome Petroleum
Wang Laboratories
Imperial Chemical
National Association of Securities Dealers
Denise Horner
Thrifts
Wes Ralston
Skogman Ralston Insurance Inc
First Avenue
Wes
Bohemian Savings
Bohemian
Third Street
S.E
Center Point Road
N.E
Mount Vernon Road
Williams Blvd
S.W
Eleventh Street
Marion
Iqual Houshm Lender
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