Harvester president Warren Hayford resigns amid losses
Warren Hayford resigns as president and board member of International Harvester after nearly three years. Archie McCardell to assume his duties as company faces over 1 billion dollars in cumulative losses and plans to cut staff from 97,000 to 50,000 while seeking 100 million in UAW concessions.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Warren Hayford
International Harvester
Hayford
Harvester
Archie R. McCardell
McCardell
Warren
United Auto Workers
UAW
IRS 20 Percent Interest On Delayed Refunds May Benefit Firms
Chicago accounting firm Alexander Grant & Company says the 1981 Economic Recovery Tax Act allows firms to earn 20 percent interest by delaying IRS refund or overpayment claims. By filing Form 1139 by Dec 31 1982, businesses can carry back losses and use quick claims, but delaying may beat the old 12 percent IRS rate.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Internal Revenue Service
Alexander Grant & Company
IRS
Dividend Day at P G Iowa City Plant
Proc ter Gamble marks Dividend Day at the Iowa City plant with a dinner dance at the Memorial Union. Group vice president A E Harris will speak as 415 of 452 current Iowa City employees participate in the profit sharing plan.
MENTIONED IN THIS ARTICLE
Iowa City
Procter & Gamble
P&g
University of Iowa Memorial Union
A.E. Harris
P&g Group
Des Moines Register ends merger talks with Star Tribune
Des Moines Register and Tribune Co directors vote to end merger discussions with Minneapolis Star and Tribune Co. and report 1981 profits down though overall finances considered sound. They cite a tough year with a 15.6 percent drop in pre tax operating income and a $5.7 million decline in net income to $1.1 million despite revenue rising to $89.5 million.
MENTIONED IN THIS ARTICLE
DES Moines
Des Moines Register and Tribune Co
Minneapolis Star and Tribune Co
David Kruidenier
Register
Tribune
Slight advance for stocks as market awaits Fed report
UPI reports a light trading day with the Dow inching up 0.38 to 805.65 while NYSE and NASDAQ indices show gains. Volume was thin as traders waited on Fed money-supply data, with notable moves in IBM, Sony, UAL, Pan Am, Delta, Exxon, and Mattel among others.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Dow
Standard & Poor
IBM
United Technology
Tandy Corp
National Semiconductor
Digital Equipment
Texas Instruments
UAL Inc
U.S. Air Inc
Pan American
Braniff
CAB
Pan Am
Texaco
Exxon
Ranger Oil
Wang Laboratories B
Houston Oil Trust
National Association of Securities Dealers
Dollar hits new highs against franc lira and yen
The dollar reached record levels against the French franc and Italian lira while closing at a 1982 high versus the Japanese yen. Gold fell on unconfirmed rumor of large sales, with prices around $316 an ounce in major markets.
MENTIONED IN THIS ARTICLE
Europe
Middle East
Zurich
London
New York
New York Commodity Exchange
U S
Paris
Milan
Bank of Italy
Tokyo
Bank of Japan
Iowa Electric May Build Guthrie County Plant Instead of Buying Power
Iowa Electric officials told the Iowa Commerce Commission they still prefer constructing a new Guthrie County power plant. Commission Chairman Andrew Varley argued buying surplus power from other utilities would be cheaper for customers and in the best interests.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Des Moines
Iowa Electric
Iowa Commerce Commission
Guthrie County
Commission
Andrew Varley
Guthrie
Varley
Iowa
Louisa
Duane Arnold
Ottumwa
Horace Webb
Arnold
Webb
Interstate Power Co
Iowa-Ilinois Gas and Electric Co
Iowa-Illinois
Iowa Power and Light
Judge sets hearing on IBM antitrust settlement reconsideration
New York federal judge David Edelstein scheduled an April 8 hearing on a citizen’s motion by Philip Stern to reconsider the IBM antitrust settlement. Stern cites disclosures that William Baxter, former DOJ antitrust chief, once counseled IBM. IBM official Katzenbach asserted the case is over and has no basis.
MENTIONED IN THIS ARTICLE
New York
UPI
Justice Department
IBM
Philip Stern
Washington
William Baxter
David Edelstein
Nicholas Deb. Katzenbach
Money Supply Drops 400 Million As Fed Expectations Remain Fixed
UPI reports the U S money supply fell 400 million in the week to March 10, remaining near flat after revisions. The Fed funds rate averaged 14 89 percent, with short term yields rising as tax and corporate activity seasonally influence money growth.
MENTIONED IN THIS ARTICLE
New York
UPI
William V. Sullivan
Bank of New York
Federal Reserve
Treasury
Also Mentioned on This Page
Uncle Sam
Harrie
Sony
Mobil
Standard Oil of
California
Atlantic
Holly Sugar
Mattel Inc
Ringling Bros. and
Barnum & Bailey Combined Shows Inc
United Press International
Machine Tool
Midwest
Quad Cities
Gazette
Cedar Rapids
Welease
Dave
Hupp Electric Motors
33Rd Ave. S.W
Fed
Sullivan
Screlle
Boboe
Ide
Judd
Rack
United Fac
Ture Syndicate
Thc
United Feature Syndicate. Inc
Seichow
Righter
Rcademark Scrabble
Gateway Gardens
6Th Street
S.W
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