Federal Reserve Chief Links Rates to Deficits
Federal Reserve Chairman Paul Volcker ties rising interest rates partly to deficit borrowing while Treasury Secretary Regan avoids direct blame on deficits or the Fed. Regan says rate increases may slow the recovery but acknowledges slower growth in Q2 with continued real growth.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Paul Volcker
Treasury
Donald Regan
Volcker
Senate Banking Committee
Federal Open Market Committee
Regan
White House
Fed
ADM Antitrust Case Could See Ruling Before Monday
A federal judge in Des Moines said he might rule before Monday on Archer Daniels Midland Co. and Nabisco Brands motions to dismiss the antitrust suit. The case stems from a 13 year lease of Nabisco high fructose corn syrup plants in Clinton and Montezuma NY, with government actions under the Sherman and Clayton Acts. The government seeks to classify the lease as an acquisition while ADM plans to invest $100 million in Clinton operations.
MENTIONED IN THIS ARTICLE
Des Moines
Archer Daniels Midland Co
ADM
Nabisco
U.S
Harold D. Vietor
ACM
U.S. Department of Justice
Clinton
Montezuma
N.Y
Justice Department
Vietor
Kenneth Jost
Owen Johnson
Washington, D.C
U.S. Supreme Court
Randolph Wilson
Jost
Mixed gains in quiet Wall Street session
The stock market edged higher on Tuesday with the Dow up 1.36 to 1,154.31 as technology shares led advances. IBM rose to 113 percent while Cisco and others posted gains amid cautious trading ahead of quarterly reports. The Nasdaq declined slightly and the AMEX Composite finished lower.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Telephone & Telegraph
Interna
Tional Business Machines
Motorola
Prime Computer
Hewlett-Packard
Hercules Inc
Exchange
Standard & Poor
S&p
New Cedar Rapids Station KCDR Sold to Local Trio
Cedar Rapids residents form Dulaney Broadcasting Inc to acquire Station KCDR from Cedar Rapids Broadcasting Inc. The FCC has approved the sale effective Sunday. Dulaney will manage the 1450 AM station from new studios at 1957 Blairs Ferry Road NE. owners include Mike Dulaney James Young and Eugene Dowie.
MENTIONED IN THIS ARTICLE
KCDR
Cedar Rapids
Blairs Ferry Road
Federal Communications Commission
Dulaney Broadcasting Inc
Mike Dulaney
James Young
Ktof-Fm
Eugene Dowie
Dowie Outdoor Advertising Co
Cedar Rapids Broadcasting Inc
KQCR
Dulaney
Understanding Form 1099B and capital gains tracking
The article explains Form 1099B as IRS’s tool to track capital gains by reporting stock, broker, bank, and dealer transactions. It notes the form lists buyer details, sale date, property sold, and proceeds, urging recipients to review and return it if requested.
MENTIONED IN THIS ARTICLE
IRS
Los Angeles Times
AT&T enters computer market with six 3B models
AT&T unveiled six 3B computer family members from a $9,950 desktop to a $340,000 minicomputer. The move targets IBM, DEC, Data General, and Prime, while network products link AT&T and other makers including IBM. The firm plans future announcements and expects under $5,000 personal computers later. M-A-Com Sigma Data agreed to market to the U.S. government, with Europe sales by Olivetti.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
At&t
IBM
M-A-Com Sigma Data Inc
Rockville, Md
U.S
Senate farm bill rapped by Iowa Senator Harkin
Senate passed farm bill criticized for not aiding Iowa farmers. Harkin pledges to seek amendments in conference to boost direct emergency loans and extend deadlines. He attacks provisions favoring wheat producers and questions land value bases amid cash flow problems for farmers. Jepsen led Iowa gains in the bill.
MENTIONED IN THIS ARTICLE
David Lynch
Washington
Iowa
Tom Harkin
House
Senate
Roger Jepsen
Riowa
Harkin
Jepsen
Charles Grassley
Senate Agriculture Committee
Iowa Citians get development loan
Iowa Product Development Corp issues a letter of intention to invest 120000 in Hafenlog Corp. Hafenlog, run by University of Iowa graduates Larry Miller and Jeffery Cohen, plans payroll growth to 40 by 1988. Created in 1983 to aid Iowa firms with hard-to-obtain capital.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Product Development Corp
Iowa City
Hafenlog Corp
Larry Miller
Jeffery Cohen
University of Iowa
Miller
Iowa
Also Mentioned on This Page
Tee
At&T’s
International Business Machines Corp
Digital Equipment Corp
Data General Corp
Prime Computer Inc
Kingdom of the Birds
Orville Wright
Europe
Ing. C. Olivetti & Co
Senate Farm Bill
Jack Boland
Dale Buenal
Norman Vincent Peale
W. Clement Stone
Og Mandino
FDIC
FSLIC
Securities Corporation of Iowa
SCI Financial Group
Second Avenue Southeast Post Office
SIPC
Iowa Citians
IRA & Keogh
State of Iowa
Dana
Exchar
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