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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

May 08, 1990

Page

20

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Washington David Wyss DRI McGraw Hill Inc Lexington Mass Allen Sinai Sinai

Also Mentioned on This Page

Auto Publications Reader's Digest Association Inc Richard F. McLoughlin George V. Grune Elton H. Rule Abc-Tv Rule Walter Bruch Telefunken Bruch Tribune Media Kennedy Center Concert Hall Pittsburgh Telecom#USA Telecom C.R P&g AEGON Labor Department Dow Jones Columbia Gas System Rose Pacificorp Philadelphia Electric Peoples Energy Niagara Mohawk Power General Motors Bristol-Myers Squibbs General Electric Procter & Gamble Chrysler Corp Environmental Protection Agency California Olea U.S. Dept. of Labor U.S Boston Co Tom King Crane Ne Pat Millhiser Smith Agency Business E Health Oakland Road
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