General Mills Board Approves Dispositions
General Mills plans to sell its fashion businesses and spin off its toy unit as a standalone company. The move follows a third quarter charge of 113.8 million dollars and a projected net loss. The fashion group comprises Monet Jewelers Foot Joy Izod Lacoste Ship n Shore. The toy unit includes Kenner Parker Brothers Fundimensions with global operations.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills Inc
Monet Jewelers
Izod
General Mills
Kenner Products
Parker Brothers and Fundimensions
United States
Europe
Australia
New Zealand
Canada
Mexico
Skyway bid opens for Second Street link between Armstrong and Mullin
Bids are invited for a new skyway over Second Street SE linking the Armstrong store to the former Mullin building. The contract, mirroring the Third Avenue bridge between the Armstrong and Banclown buildings, will be set April 9 in Robert C. Armstrongs office, with completion hoped for in May.
MENTIONED IN THIS ARTICLE
Second Street
Armstrong Store
Mullin
Third Avenue
Armstrong
Banclown
Robert C. Armstrong
Treasury launches $16.25 billion three day financing sale
The Treasury began a three day financing operation with total proceeds of 16.25 billion dollars. It sold 6.255 billion dollars of four year notes at an average yield of 11.30 percent, the highest since 11.42 percent last October. The remaining issuance includes 5.75 billion dollars of seven year notes set for Wednesday and 4.25 billion dollars of 20 year bonds to be auctioned Thursday.
MENTIONED IN THIS ARTICLE
New York
The
Treasury
Des Moines Register Board Authorizes Sale Talks With Gannett
The Des Moines Register and Tribune Co. board approved negotiating with Gannett for sale of its Cowles Media Co. holdings. The Register owns about 14 percent of Cowles Media, a Minneapolis based communications firm, after a committee reviewed various disposition options.
MENTIONED IN THIS ARTICLE
DES Moines
Des Moines Register and Tribune Co
Gannett Co
Register
Cowles Media Co
Minneapolis
Cowles Media
Amana to lay off 160 at Iowa plant amid soft sales
Amana Refrigeration plans a layoff of about 160 factory workers at its Middle Amana Iowa facility, reducing staff by a little over 7 percent as production aligns with weakening demand. The cutback follows a national slump in major appliance sales, with last day of work set for Friday and remaining employment around 2,000 of 2,150.
MENTIONED IN THIS ARTICLE
Amana
Middle
Iowa
Borg-Warner demands repayment from White Farm
Borg-Warner Acceptance Corp demands 214 million dollars in loans from White Farm Equipment Co Inc. The move could force sale merger or liquidation of White. White explores possible sale while consolidating operations and seeking other options as industry markets stay weak.
MENTIONED IN THIS ARTICLE
Chicago
Borg-Warner Acceptance Corp
BWAC
White Farm Equipment Co. Inc
United States
Canada
Donald Tomsky
White
Robert Terry
Terry
Bob Morris
Tomsky
Eral
James F. Bere
Borg-Warner
Oak Brook
Charles City
South Bend
Ind
Hopkins
Hopkins, Minn
White Farm Manufacturing Ltd
North America
Market mixed as interest declines on Wall Street
The New York market was mixed as earnings disappointments weighed on some names while lower credit rates helped others. Dow fell 0.22 to 1259.72 while the NYSE composite rose 0.23 to 103.28 and S P 400 gained 0.53 to 199.13. Nasdaq slipped 0.08 to 276.18.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Wall Street
International Business Machines
General Electric
Minnesota Mining and Manufacturing
Exchange
Standard & Poor
Bondy on Money Financal planning still in infancy
Susan Bondy replies to a reader about the state of fee only financial planning in 1984. She notes the infancy of the field, the cost of advisers for assets between 10 000 and 50 000, and the role of computers as tools rather than sole solutions. She defends commission based planners and advocates no load funds while calling for licensing and regulation.
MENTIONED IN THIS ARTICLE
Bondy
Susan Bondy
Financial Planner
IRS says IRA payments due by April 15 no extension allowed
IRS spokesman told The Gazette that despite prior extensions for filing, last year’s IRA payments must be made by the April 15 deadline this year. The Money Page reminder notes the change in rules and clarifies payment timing.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Money
IRS
Gazette
Ohio sues thrift's officers over Home State case
Ohio Commerce Department files a 432 million lawsuit in Hamilton County Common Pleas Court against 12 Home State Savings Bank officers and directors. The suit seeks 144 million in compensatory damages for depositors and 288 million in punitive damages, naming Marvin Warner among the defendants.
MENTIONED IN THIS ARTICLE
Cincinnati
Savings and Loan Association
Ohio Commerce Department
Home State Savings Bank
S&ls
Hamilton County Common Pleas Court
Arlo M. Smith
Home State
Marvin Warner
Also Mentioned on This Page
General Mills Board
SALE
U.S
Marvin Runyon
Nissan Motor Manufacturing Corp
U.S.A
Smyrna
Tenn
C.D
iGuaran Beak ‘Trust Co
3Rd Avenue
42Nd Street
Jacolyn Drive
FDIC
Ohio
Thrift
SCI
Securities Corporation of Iowa
Second Ave
S.E. P.O
Cedar Rapids
Iowa City
SIPC
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