Food plant plans loom for Des Moines complex
Blueberry Patch Ltd unveils a 40 million dollar multi facility corn meal and food industries complex in southeastern Des Moines Vand industrial park. The plan includes a 26 million white corn meal plant and a 12 million greenhouse plus a 2 million distribution center with completion targeted for 1992 if financing closes.
MENTIONED IN THIS ARTICLE
Des Moines
Blueberry Patch Ltd
John Neubauer
Vand
Iowa State University
Neubauer
Harina Mills
Glass Gardens
Iowa
U.S
Shareholders sue Icahn over Texaco takeover tactics
A White Plains class action suit filed Friday on behalf of Texaco Inc. shareholders accuses Carl Icahn of manipulating Texaco share prices to buy cheaply. The case ties to an earlier Texaco securities violations suit against Icahn, Texaco’s largest shareholder and Trans World Airlines chairman. Americans boosted installment credit by 4.46 billion in March, a fourth straight monthly rise, the Fed said, signaling continued strong consumer spending with an annual debt growth rate of 8.6 percent despite February’s 6.04 billion increase.
MENTIONED IN THIS ARTICLE
Icahn
White Plains
N.Y
Texaco Inc
Carl Icahn
Texaco
Trans World Airlines Inc
Federal Reserve
Hutton charged in Providence money laundering case
Federal charges name E.F. Hutton & Co. in a scheme concealing at least 532000 in cash transactions from the IRS. Brokers Fusco and Lareau face felony counts. Fusco died, Lareau to be charged next week. Hutton became part of Shearson Lehman Hutton Inc. last year.
MENTIONED IN THIS ARTICLE
Chicago
Continental Illinois National Bank and Trust Co
John Lytle
Continental
William Patterson
Penn Square Bank of Oklahoma
U.S
Joseph Duffy
Providence
E.F. Hutton & Co. Inc
Internal Revenue Service
Hutton
Lincoln C. Almond
Stephen S. Fusco
Almona
Brian J. Lareau
Jamestown
IRS
Almond
Shearson Lehman Brothers Inc
Shearson Lehman Hutton Inc
Shearson
Michael O’ Neill
O'Neill
Fusco
Ients
Provence
Lareau
Airline deregulation a success says Kahn
Former CAB chief Alfred Kahn argues deregulation boosted competition and cut fares. He notes CAB blocked competition, routes and price changes before deregulation and cites a 30.5 percent drop in fare per mile from 1976 to 1987 saving travelers about 10 to 11 million annually. He says small towns gained departures while accident rates fell 35 to 45 percent in eight years. Some concerns about traffic problems may reflect pilot resistance.
MENTIONED IN THIS ARTICLE
Bruce Ksawia
ST. Paul, Minn
Civil Aeronautics Board
Alfred Kahn
Cornell University
Kahn
Business Editors and Writers
Caribbean
CAB
Employment figures push stocks down another 12.77
New York AP report says the Dow fell 12.77 to 2007.46 as investors faced fears of tighter credit and higher rates after April unemployment dropped to 8.4 percent. Volume on the NYSE was 129.08 million shares with 602 up, 845 down, 545 unchanged. Banks of Iowa led a local gain while overall breadth lagged.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NYSE
Iowa
Banks of
Wall Street
Eastern sues two unions in 1.5 billion claim
Eastern Air Lines and Texas Air Corp accuse the International Association of Machinists and the Air Line Pilots Association of a smear campaign to undermine the carrier and enable a takeover. The filing coincides with losses reported by Texas Air for the first quarter 1988.
MENTIONED IN THIS ARTICLE
Miami
Eastern Airlines
Eastern
Texas Air Corp
International Association of Machinists
Air Line Pilots Association
Parker Folse Ill
Houston
Texas Air
TWA board approves sweetened Icahn offer
TWA's board backs Carl Icahn’s revised takeover bid to take the airline private. Icahn controlled entities would gain about 90 percent of stock once the deal closes, with non Icahn shareholders receiving cash and notes. An employee stock ownership plan would hold the remaining shares.
MENTIONED IN THIS ARTICLE
TVA
Trans World Airlines Inc
Carl C. Icahn
TWA
Icahn
Also Mentioned on This Page
Help
Basin Information Group
Conference Board
Hughes Aircraft Chief
Hughes Aircraft
Albert D. Wheele
Wheelon
Hughes
General Motors
Los Angeles
Detroit
Hughes Aircraft Board
Malcolm R. Currie
Hughes Communications
Intelsat
Coleco
Coleco Industries Inc
Morton E. Handel
Arnold C. Greenberg
Colleen Murphy
Sparta
Endless Possibilities Inc
E.F. Hutton
Merrill Lynch
ALPA
John Avis
U.S. Department of Transportation
Bavis
Charles Bryan
Atlanta
TWA Board
Icrins
Roumblatch
Oelkers
7Th St
Cedar Rapids
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