Congress to Hear Natural Gas Pricing Policy Debate
Congressional action on natural gas pricing moves to the front burner next week as hearings begin in Cedar Rapids led by Rep. Tauke and Rep. Tauzin. The session examines the Natural Gas Policy Act of 1978 and factors driving gas price rises for Midwest residents.
MENTIONED IN THIS ARTICLE
Gary Peterson
Assozate Financial Editor
Cedar Rapids
House
Subcommittee On
Tom Tauke
Billy Tauzin
D-La
Mount Mercy College
Iowa
Midwest
Congress
NGPA
Eastern Central Motor Carriers announce freight rate changes
The Eastern Central Motor Carriers Association of Akron announces rate changes effective June 20 affecting traffic between Eastern Iowa and New England and the Middle Atlantic states. Minimum charges rise 10 percent, LTL shipments up to 499 pounds rise 3 percent, and shipments 500 pounds or more fall 1.84 percent, yielding a net increase of about 0.1 percent.
MENTIONED IN THIS ARTICLE
Akron
Ohio
Eastern Central Motor Carriers Association of
Iowa
New England
Middle Atlantic
Funeral price rule set to take effect in January
After a decade of debate the FTC price disclosure rule for funeral directors moves toward implementation on January 1 despite House opposition. Opponents expect court action and have urged veto attempts while a Richmond Virginia suit seeks to overturn the measure. The rule requires itemized price lists and telephone price discussions and bans misrepresentation of state requirements for caskets cremation or embalming.
MENTIONED IN THIS ARTICLE
Washington
Congress
Federal Trade Commission
House Energy and Commerce
Marty Russo
Senate
Russo
Richmond
Supreme Court
Rutherford
FTC
Car sales rise 6.6 percent in early May period
The six major automakers report 168 785 cars sold May 1 10, up 6.6 percent from 1982. GM declines 1.6 percent while Chrysler, AMC and VW show large gains. Honda adds 1 261 autos with May reset. Analysts cite shift to larger and luxury models and 1983 annual rate near 6.8 million.
MENTIONED IN THIS ARTICLE
Detroit
U.S
General Motors Corp
Chrysler Corp
American Motors Corp
Ford Motor Co
Volkswagen of America Inc
Honda of America Manufacturing Co. Inc
Honda
Marysville
Ohio
John Hammond
Data Resources Inc
Lexington
Mass
Frank Drob
E.F. Hutton Inc
New York
Wilson Foods faces Chapter 11 as wages cut and a penny check shocks workers
Edward Ware Jr of Cedar Rapids is among UFCW members hit by Wilson Foods bankruptcy and wage cuts from 10.69 to 6.50 per hour. He received a one cent check after a 49 hour week and $250 withheld for a credit union deposit, planning to frame it. A creditors committee is appointed and the judge orders actions before the NLRB with set responses due May 23 and June 2, hearing June 9.
MENTIONED IN THIS ARTICLE
Gary Peterson
Gazette Securi
Edward Ware Jr
Cedar Rapids
Wilson Foods
Ware
United Food and Commercial Union
The
Gazette
Wilson Credit Union
Richard Bohanon
Oklahoma City
UFCW
National Labor Relations Board
Settlement Administration Committee
Mellon Bank of
Pittsburgh
CitiBank of
New York
Manufacturers
Hanover Trust Co
First City Bank of Dallas
Iowa Beef Processors
Iowa Beef
Red Owl, Inc
Hopkins
Wilson
Bohanon
NLRB
Stock market ends slide as inflation data bolster economy
The market rebounded with the Dow up 4.35 to 1218.75 and broad gains led by automakers, retailers, and steel firms. Industrial production rose 2.1 percent in April, wholesale prices fell 0.1 percent, and investors awaited rate outlook amid wary sentiment.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Eldon Grimm
Birr, Wilson & Co
Federal Reserve Board
Martin Feldstein
President’s Council of Economic Advisers
Labor Department
Chrysler
Ford
Republic Steel
Sears
J.C. Penney
The
Business Council
Standard & Poor's Corp
Washington
Legal default in fraud case against International Gold Bullion Exchange
In Fort Lauderdale Florida the owners of the International Gold Bullion Exchange were declared in default in a civil theft and misleading advertising suit. The firm filed Chapter 11 on April 27 and 25 000 investors nationwide face losses estimated at 200 million dollars as metals went undelivered. Some investors reportedly lost at least 80000 dollars.
MENTIONED IN THIS ARTICLE
Fort Lauderdale, Fla
International Gold Bullion Exchange
Elias
IGBE
Florida
Also Mentioned on This Page
Carter
James Schlesinger
Commission
William P. Rutherford
National Funeral Directors Associa
Tion
P.O
Oklamoma City
Wilson Foods Corporation
Edward Ware
SE Ceqiar Rapids IA
4M Foods Corpe
AMC
Edward Warer
Monsanto
Pepsico
Lew Smith
Bear, Stearns & Co
Fed
Greyhound
Eastman Kodak
Kodak
NYSE
American Stock Exchange
Standard & Poor
S&P’s
Leonard Elias
Attorney General
Phirice
Taske
Tom Underwood
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