Treasury Short Term Bills Dip in Weekly Auction
The Treasury sold 8.4 billion in three month bills at 7.79 percent average discount, down from 7.91. A like amount in six month bills brought 7.84 percent, down from 8.03. The true yields after issuance were 8.06 percent for the three month and 8.29 percent for the six month bills.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Eyewash recall issued for Ocumed bottles
Ocumed Inc recalls 2800 bottles of non-prescription Eyewash due to bacterial contamination that could cause eye infections or blindness. Bottles marked lot N4189 are manufactured for Rugby Laboratories Inc. Consumers should return the product to the place of purchase.
MENTIONED IN THIS ARTICLE
Ocumed Inc
Rugby Laboratories Inc
Futures case opens in Chicago federal court with three traders on trial
In Chicago, a federal court begins jury selection in a futures case tied to a broader scandal. Robert Mosky Danny Scheck and David Zatz will face trial for trading Swiss franc futures at the Chicago Mercantile Exchange, the first of four groups of Chicago traders indicted last year.
MENTIONED IN THIS ARTICLE
Chicago
Robert Mosky
Danny Scheck
David Zatz
Chicago Mercantile Exchange
Air Wis Revenues Rise 8 Percent in Q1 1990
Air Wis Services Inc parent of Air Wisconsin Inc reports first quarter 1990 operating revenues of 43.1 million, up 8 percent from 1989. Net income reaches 1.37 million or 15 cents per share. Air Wis operates via Cedar Rapids as United Express.
MENTIONED IN THIS ARTICLE
Air Wis Services Inc
Air Wisconsin Inc
Air Wis
Cedar Rapids
United Express
Czechoslovakia Signs Trade Accord With EC
Czechoslovakia has signed a trade and economic cooperation accord with the European Community seen as a key step toward full EC membership by 2000. The pact replaces the 1988 commercial accord and promises better access to EC markets for Czechoslovakia.
MENTIONED IN THIS ARTICLE
Czechoslovakia
European Community
Safeco Employees Debate Dress Code At Meeting
Shareholders at Safeco Corp held their annual meeting with muted response to weak first quarter profits while backing a request to permit male workers to wear non white shirts. A stockholder linked the issue to change in history saying The Berlin Wall came down. Chairman Bruce Maines defended the policy calling it part of the company personality.
MENTIONED IN THIS ARTICLE
Safeco Corp
Safeco
Bruce Maines
Ward's Communications assets to be acquired by K-11 Holdings
K-11 Holdings LP announced it will acquire the assets of Ward's Communications Thomson Corp a Canadian publishing group. The deal terms were not disclosed. Ward's publications include Ward's Automotive Reports Ward's Automotive World and Ward's Auto Dealer.
MENTIONED IN THIS ARTICLE
K-11 Holdings LP
Ward
Communications Thomson Corp
Ward's Automotive Reports
Ward's Automotive World
Ward's
Auto Dealer
Playboy Announces Recapitalization Plan
Playboy Enterprises Inc. outlines a recapitalization with two classes of common stock including a new non voting class. Shares outstanding would rise from 15 million to 37.5 million.
MENTIONED IN THIS ARTICLE
Playboy Enterprises Inc
Playboy
MCI to pay first ever dividend amid growth plans
MCI Communications announces its first ever common stock dividend of 5 cents a share, payable June 11 to holders of record May 21, part of a twice yearly plan. CEO William G. McGowan cited growth goals and investor attraction as motives, with the firm reporting strong first quarter and full year 1989 results.
MENTIONED IN THIS ARTICLE
Washington
MCI Communications Corp
MCI
William G. McGowan
McGowan
Daniel F. Akerson
Telecom ® USA Inc
Atlanta
Akerson
Help Wanted Ads Defy Trend In Cedar Rapids March
The Confer ence Board index shows a slight March decline nationally to 139 from 140, while The Gazette in Cedar Rapids reports a 25.5 percent rise in local help wanted ads. April edges up 3.1 percent but still trails year-ago levels by 8.2 percent as regional results vary.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Conference Board
Cedar Rapids
The
Gazette
Ken Goldstein
West-Northcentral
Iowa
Stocks extend rally led by P G and AEGON
The market rose as Wall Street waited for a record government securities offering. The Dow gained 11.26 to 2721.62, with 943 advances and 571 declines on the NYSE. Procter & Gamble reached 75 and AEGON 65 as leaders, while Banks of Iowa and General Mills also posted gains.
MENTIONED IN THIS ARTICLE
Associated and Gazette
Wall Street
New York Stock Exchange
Penwest
Treasury
Chrysler Recalls 383700 Cars Over Emission Violations
Chrysler Corp recalls eight 1985 Plymouth and Dodge models with 2.2 liter engines for faulty choke vacuum delay valve. Affected models include Horizon Turismo Reliant and Reliant wagon and Omni Charger Aries and Aries wagons. EPA says vehicles exceeded hydrocarbon and carbon monoxide limits in tests. Free replacement performed by dealers. California excluded.
MENTIONED IN THIS ARTICLE
EPA
Chrysler
Chrysler-Plymouth
Dodge
Shareholders back management against Icahn spin off plan
In Findlay Ohio USX Corp held its annual meeting with about 600 attendees as shareholders opposed Carl Icahn s non binding resolution to spin off 80 percent of the steel unit into a separate company. Icahn conceded the plan may fail as votes were yet to be tallied a week later representing at least 75 percent of outstanding shares.
MENTIONED IN THIS ARTICLE
Findlay, Ohio
USX Corp
Carl Icahn
Forrest H. Kirkpatrick
Wheeling
W.va
Kirkpatrick
Wheeling- Pittsburgh Steel Corp
USX
Icahn
U.S. Steel Corp
William Keslar
Productivity Nonfarm Business Output Q Change
Productivity in the nonfarm business sector rose at a seasonally adjusted annual rate from the previous quarter. The report shows the percent change reflecting changes in worker hours and output, with figures illustrating productivity growth or contraction for the period.
U.S. productivity drop hits year’s low in Q1 1990
The AP reports U.S. non farm productivity fell 1 percent in the January March quarter, the biggest drop in a year. Unit labor costs rose 4.9 percent so far in 1990, while manufacturing productivity rose 4.1 percent, and the unemployment rate stood at 5.4 percent in April.
MENTIONED IN THIS ARTICLE
Washington
David Wyss
DRI McGraw Hill Inc
Lexington
Mass
Allen Sinai
Sinai
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