Hammons Unveils $12 Million Embassy Suites in Des Moines
John Q. Hammons of Springfield Missouri plans a nine story Embassy Suites hotel in Des Moines with 240 rooms. He already runs the 288 room University Park Holiday Inn in West Des Moines and is building a 220 room hotel in Cedar Rapids called Collins Plaza. Construction starts in July with completion aimed for October 1989.
MENTIONED IN THIS ARTICLE
Des Moines
John Q. Hammons
Springfield
Hammons
University Park
GM Extends Chevrolet Rebates Through May 11
General Motors Corp Chevrolet division extends rebates from 400 to 1200 dollars on several cars and trucks. The incentives, once set to end April 30, will now run through May 11. The 1200 dollar rebate applies to import owners buying the subcompact Chevy Nova built at a Toyota joint venture plant in Fremont California.
MENTIONED IN THIS ARTICLE
General Motors Corp
Chevrolet
Fremont
Calif
New Home Sales Climb 20.3 Percent in February
The Commerce Department reports new single family home sales rose 20.3 percent in February to a seasonally adjusted 628,000 units. This marked the first monthly gain since October but sales remain 14.9 percent below year-ago levels, after prior declines of 10.3 percent in January and earlier months.
MENTIONED IN THIS ARTICLE
Commerce Department
Roper Corp Board Backs GE Over Whirlpool in Takeover
Roper Corp board switched sides in the auction for the appliance maker urging stockholders to sell to General Electric Co. instead of Whirlpool. It deemed GE's 508 million tender superior to Whirlpool's 470 million offer and withdrew its March 18 recommendation of Whirlpool. Whirlpool says it will continue pursuit and notes its merger agreement remains valid.
MENTIONED IN THIS ARTICLE
Roper Corp
General Electric Co
Whirlpool Corp
Roper
Whirlpool
Good news helps stock market reverse its slide
The Dow Jones rose 18.57 to 1998.34 after gains on a steadier dollar and lower rates. Eastern Iowa stocks, Nash Finch down, General Mills lead, IBM and AT&T mixed, Texaco active on possible KKR stake, and Lucky Stores jump amid merger talks with American Stores.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iowa
U.S
Larry Wachtel
Prudential Bache Securities Inc
Nash Finch
General Mills
American Telephone and Telegraph
IBM
General Electric
Exxon
Texaco
Kohlberg Kravis Roberts
RJR Nabisco
Lucky Stores
American Stores Co
Lucky
Westdale Theater Sold in Iowa Joint Venture Deal
A joint venture including Dubinsky Brothers Theaters of Lincoln Nebraska and Essaness Theatres of Chicago plans to buy General Cinema Corp.’s last three Iowa venues led by Westdale Four in Cedar Rapids along with Southern Hills Four in Sioux City and Kennedy Mall Six in Dubuque. The merger aims to close May 13 with Dubinsky handling Cedar Rapids and Sioux City operations and Essaness running the Dubuque theater. Pricing remains unpublished.
MENTIONED IN THIS ARTICLE
Dubinsky Brothers Theaters
Lincoln
Neb
Iowa
General Cinema Corp
Boston
Westdale
Cedar Rapids
Southern Hills
Sioux City
Kennedy Mall
Dubuque
Dubinsky
Essaness Theatres of
Chicago
Collins Road Five
Stage Four
Eastown
Garden Theater
Marion
Essaness
Wisconsin
Minnesota
North Dakota
South Dakota
Colorado
Montana
Sarge Dubinsky
Expo 88 Test at Five Seasons Center Demonstrated
Joe Janssen of Harris/3M tests an ergometer at Expo 88 in Cedar Rapids at the Five Seasons Center. Bill Stepanek from Schwinn Universal demonstrates the device at the booth. A wire monitors Janssen’s pulse as the show runs through today free to the public.
MENTIONED IN THIS ARTICLE
Joe Janssen
Springfield
Ill
Harris/3M Corp
Iowa
Five Seasons Center
Schwinn/Universal
Bill Stepanek
Cedar Rapids
Janssen
Stock Quotes Update Line Cityline 30 Minute Service
Cityline provides stock quotes updated every 30 minutes by calling 363 7000 under Category 1000.
MENTIONED IN THIS ARTICLE
Cityline
Taxpayers say reform made system worse
Washington AP poll finds 55 percent of respondents say the tax reform worsened the system, while 31 percent see improvement. About 58 percent expect higher taxes this year. 22 percent expect lower. Supporters note perceived fairness, but acknowledge limited simplification.
MENTIONED IN THIS ARTICLE
Washington
Washington Post- Abc News
Reagan
Bob Packwood
R Ove
The
Post
Sen
Bill Bradley
D-N.j
American Life and Casualty to Move Headquarters to Des Moines
North Dakota Insurance Commissioner Earl Pomeroy said Ameri can Life and Casualty Co plans to shift its Fargo headquarters to Des Moines as a cost saving consolidation. The move will merge with The Statesmen Group in Des Moines while maintaining North Dakota status and regulatory oversight of the company’s financial condition.
MENTIONED IN THIS ARTICLE
FARGO
N.D
American Life and Casualty Co
Des Moines
Earl Pomeroy
Pomeroy
American Life and Casualty
Jon Newsome
Birmingham
Ala
Statesmen Group
North Dakota
Iowa AGSuit Against Las Vegas Firms Over Fake Fur Coat
The Iowa Attorney General filed suit in Polk County District Court against Vita Life Inc and Continental Sales Inc for Consumer Fraud Act violations. The state seeks restitution and up to 40000 dollars in fines, alleging the firms pressure customers to buy vitamins after promising a genuine fur coat as a premium. The promo also touts a Ford Ranger truck Hawaii vacation cash and big screen TV but the coat is the prize.
MENTIONED IN THIS ARTICLE
Iowa
Las Vegas
Polk County District Court
Vita Life Inc
Continental Sales Inc
Tom Miller
Hawaii
Miller
Mutual funds ownership reaches one in four U.S. households
The Investment Company Institute reports that about 25 percent of American households now own mutual funds. The finding highlights growing retail participation in managed portfolios and the expanding reach of fund products across income groups.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Also Mentioned on This Page
New Iowa
Westdale Theater
Gazette
Chris Stewart
Michael Dion
Collins Credit Union
Paramount Theatre
42Nd Street
35Th Street
14Th Avenue
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