Ohio replaces thrift regulator as nine thrifts reopen
Gov. Richard Celeste named Robert B. McAlister to head the Division of Savings and Loan Associations, replacing Thomas Batties who will return to staff attorney work. Batties had been appointed in January but not confirmed by the Senate.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Richard Celeste
Savings and Loans
Celeste
Thomas Batties
Division of Savings and Loan Associations
Ohio Commerce Department
Robert B. McAlister
Batties
State Senate
Moody's Upgrades Harvester After Asset Sale To Tenneco
Moody's Investors Service upgrades several long term ratings for International Harvester Co after the sale of its loss making farm equipment business to JI Case, a unit of Tenneco. Ratings rise from Caa to B3 on sinking fund and overseas debt, and senior debt for the subsidiary improves to B3. The series C preferred stock moves to Caa from Ca and pending $200 million senior notes receive B3.
MENTIONED IN THIS ARTICLE
Chicago
Moody's Investors Service
International Harvester Co
Tenneco Inc
Harvester
Moody’s
Weyerhaeuser To Acquire Timberland Near Springfield Ore
Weyerhaeuser Co. announced it will acquire about 134000 acres of commercial timberland near its Springfield and Cottage Grove operations in Oregon from Georgia-Pacific. The deal includes timber cutting rights on another 9200 acres. The land sits adjacent to Weyerhaeuser holdings and will boost efficiency for Willamette Valley operations.
MENTIONED IN THIS ARTICLE
Tacoma
Wash
Weyerhaeuser Co
Georgia-Pacific Corp
Springfield
Cottage Grove
Ore
Weyerhaeuser
Willamette Valley
Gannett bids for 14.3 percent Cowles stake
Gannett Co. offered to buy a 14.3 percent stake in Cowles Media Co. from Des Moines Register and Tribune Co. The Des Moines board will meet Monday to decide how to dispose of its Cowles stake. Heritage Communications announces a 3-for-2 stock split via a 50 percent stock dividend payable April 18 for shareholders on April 1.
MENTIONED IN THIS ARTICLE
Chicago
Gannett Co
Cowles Media Co
Minneapolis Star & Tribune
Douglas H. McCorkindale
Gannett
Chicago Tribune
Cowles Media
Des Moines Register and Tribune Co
Des Moines Board
DES Moines
Heritage Communications Inc
Heritage
Equitable
Iowa
Ford Merkur Scorpio to join US lineup in 1986
Ford Motor Co will import the high priced Merkur Scorpio as the second Merkur model in the United States. It will debut in spring 1986 alongside the XR4Ti, the first Merkur car already in dealer showrooms since January. The Merkurs are sold through Lincoln Mercury division dealers.
MENTIONED IN THIS ARTICLE
Detroit
Europe
Ford Motor Co
America
Ford
Lincoln-Mercury
Clara Peller Ends Wendy's Spokesperson Role
Clara Peller, famed for the Where's the beef phrase, will not be a Wendy's spokesperson again. A contract led to a Campbell's spaghetti sauce ad in which she appears, making her credibility for Wendy's products difficult to maintain according to Wendy's executive William Welter.
MENTIONED IN THIS ARTICLE
Dublin
Ohio
Clara Peller
America
Wendy's International Inc
Clara
Campbell's
Wendy's
Wendy’s
William Welter
InterNorth board meets amid heavy stock trading
InterNorth Inc directors held an informational meeting as NYSE trades surged with 286,700 shares changing hands in early session. Analysts suggest takeover speculation, while officials say no agenda or announcements planned. Stock rose to 47.625 a share amid ongoing high volume. InterNorth serves natural gas to much of Iowa north of Cedar Rapids.
MENTIONED IN THIS ARTICLE
Omaha
InterNorth Inc
InterNorth
Wall Street
New York Stock Exchange
Randal Blauvelt
Blauvelt
Randall Greer
Kirkpatrick Pettis Smith Polian
Greer
Houston
Iowa
Cedar Rapids
VA mortgage rate hike lifts ceiling to 13 percent
The VA raised the maximum interest rate for guaranteed single family mortgages from 12.5 to 13 percent, effective Monday. Graduated payment loans rise to 13.25 percent and home improvement loans to 14.5 percent, amid higher market rates. VA Administrator Walters cites rising rates. Mortgage Bankers Association director Lasko sees broader VA financing opportunities. Existing VA loan rates unaffected. peak was 17.5 percent in 1981.
MENTIONED IN THIS ARTICLE
Washington
Veterans Administration
Harry N. Walters
Warren Lasko
The
Mortgage Bankers Association
Takeover targets draw dull market share drift
Stock prices drifted lower in dull trading as takeover targets ITT CBS and Sperry attracted activity. The Dow dipped 0.77 to 1267.45 while NYSE volume rose to 99.25 million. CBS rose 3 percent on reports investor Boesky bought a stake. McGraw-Edison surged on news of a 1.3 billion deal with Forstmann Little.
MENTIONED IN THIS ARTICLE
New York
ITT
CBS
Sperry
New York Stock Exchange
Irwin Jacobs
Ivan Boesky
John Guenther
Boesky
McGraw-Edison
Forstmann Little & Co
Jim Novy
NYSE
Three Iowa stocks added to NASD National Market System
NASD announced Tuesday that 100 stocks joined the National Market System. Equitable of Iowa Companies EQICB USP Real Estate Investment Trust USPTS United Central Bancshares UCBI were among them with Entre Computer Centers also listed Cedar Rapids. USP reports shares valued at 14.37 with 2.54 per share distributions last year. Mussolini founded Fascist movement in 1919.
MENTIONED IN THIS ARTICLE
Iowa
National Association of Securities Dealers
Equitable of Iowa Companies
Younkers
USP Real Estate Investment Trust
Life Investors of
Cedar Rapids
NMS
USPTS
United Central Bancshares
Des Moines
UCBI
Entre Computer Centers Inc
NASD
USP
Durable goods orders shrink in February with defense drop
Washington AP report shows durable goods orders fell 0.2 percent in February after a 3.2 percent January rise. Defense orders plunged 48.5 percent to 5 billion, offsetting a 29.6 percent surge in non defense capital goods totaling 30 billion. Without defense weakness, orders would have risen 4.7 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Department
Tax filing lag continues as deadline nears
As the April 15 filing deadline approaches, the IRS reports 45.6 million returns received through March 15, a 1.8 percent drop from a year ago. Processing slowdowns due to new computer systems limit refunds to at most four days late, with only 12.6 million returns certified for refunds, and the average refund at 731 dollars. The agency projects about 101 million filers by year end, up about 4 million from 1983.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Also Mentioned on This Page
Money Briefs Thrift
Gannett Offer
Merkur
InterNorth Board
Bruce McGrath
Pontiac
Center Point Road
Benito Mussolini
Milan
Italy
Imup Prreur
Skogman
Marilyn da
Vrrorvul
Hese
Skogman Realty
Wwoelkers
7Th Street
NTS
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