Mary Moppets to Merge with Children's Discovery Centers
Mary Moppets Day Care Schools Inc., owner of Cedar Rapids center, will be acquired by Children's Discovery Centers of America based in Monroe Connecticut. If approved, the merged company would run about 120 centers in 17 states, at $11 per Mary Moppets share, payable by October 31 and subject to stockholder approval.
MENTIONED IN THIS ARTICLE
Mary Moppets Day Care Schools Inc
Cedar Rapids
Children's Discovery Centers of America
Children's Discovery Centers
Monroe
Mary Moppets
Chrysler and GE form CGE Associates venture
Chrysler Corp and General Electric Co announce a joint venture between their credit subsidiaries to fund loans for machinery equipment and real estate purchases. The CGE Associates venture will involve Chrysler Financial Corp and General Electric Credit Corp as part of the No 3 carmaker's diversification push.
MENTIONED IN THIS ARTICLE
Anaheim
Calif
Chrysler Corp
General Electric Co
Lee Iacocca
Chrysler
CGE Associates
Chrysler Financial Corp
General Electric Credit Corp
Senate rejects plan to sell failed bank to Chemical NY Corp
In Columbus the Ohio Senate, by a 16 16 tie, defeated a House approved report enabling the sale of Home State Savings Bank of Cincinnati to Chemical New York Corp. After nearly two hours of debate party lines split. a motion to reconsider could be raised within two days, but the Senate adjourned until Tuesday.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio Senate
House
Home State Savings Bank of
Cincinnati
Chemical New York Corp
Senate
Olson Named AT&T President and COO
James Olson former Northwestern Bell president was chosen as president and chief operating officer of American Telephone and Telegraph Company. He previously directed AT and T’s Des Moines Iowa operations replacing the vacant chair left after William Ellinghaus retirement on April 1.
MENTIONED IN THIS ARTICLE
DES Moines
James Olson
Northwestern Bell
American Telephone & Telegraph Co
Olson
Iowa
William Ellinghaus
Pickens Loses Bid to Join Unocal Buyback Plan
Delaware Supreme Court rules Unocal may exclude T Boone Pickens Jr and his investor group from a stock buyback. The court overturned a lower court decision that would have forced inclusion in the offer.
MENTIONED IN THIS ARTICLE
Los Angeles
T. Boone Pickens Jr
Unocal Corp
Delaware Supreme Court
Unocal
Texas
High Court
Pickens
Kenosha AMC workers reject immediate concessions
At the Kenosha AMC plant 83 percent voted to reject immediate wage and benefit cuts and to push for revised contract negotiations. The union referenced good faith bargaining as the path forward while AMC warned of possible plant closures if concessions are not agreed by May 24.
MENTIONED IN THIS ARTICLE
Kenosha
Wis
American Motors Corp
Automaker
United Auto Workers Local 72
Rudy Kuzel
Kuzel
AMC
Richard A. Calmes
UAW
Milwaukee
UAW Local 75
Nicholas Romano
Local 75
Local 72
Calmes
United States
Chrysler Corp
General Motors Corp
Ford Motor Co
Renault
Europe
Encore
Broad advance for stock market on Friday
New York stocks rose across most sectors with utilities leading gains. The Dow industrials rose 7.29 to 1285.34 while the Dow utilities hit a record high and the S and P indices neared or set new highs. Volume rose to 124.63 million shares on the NYSE.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
New York Stock Exchange
Consolidated Edison of
Boston Edison
Potomac Electric Power
Southern Indiana Gas & Electric
Southern Co
Bell Atlantic
Nynex
Ameritech
Pacific Telesis
Bell South
Exchange
Standard & Poor
S&p
Bell to probe Hutton practices
Former U S Attorney General Griffin B Bell has been retained by E F Hutton Co to determine who should be held accountable for the checking account practices that led to the brokerage pleading guilty to federal fraud. Robert Fomon says Bell will review how the practices evolved identify responsible individuals and make recommendations.
MENTIONED IN THIS ARTICLE
New York
U.S
Griffin B. Bell
E.F. Hutton & Co
Robert Fomon
E.F. Hutton Group Inc
Bell
Jimmy Carter
Iden
Sears buys Hurley State Bank to run credit card office
Dean Witter Financial Services of Sears agreed to buy Hurley State Bank in Hurley South Dakota and set up a credit card processing office. Gov Janklow said the move could create at least a thousand jobs while FDIC review looms. Citicorp already operates in Sioux Falls with about 2 000 staff.
MENTIONED IN THIS ARTICLE
Sioux Falls
S.D
South Dakota
Dean Witter
Bat
Hurley
Jaklow
Janklow
Federal Deposit Insurance Corp
FDIC
Citicorp
First City Bancorp
Houston
Michigan National Bank
Detroit
First National
Omaha
Neb
Sears
Greenwood Trust Co
Greenwood
Del
Sears Financial Network
Sears Savings Bank
California
Smart ways to fund college savings for children
Three tax aware options guard against rising costs. Zero coupon bonds can build a future pot by delaying payoff up to 18 years while yielding high returns. Clifford Trusts shift taxable income to children and may lower overall taxes, though complex and risky with strict rules. A twist on Clifford Trust uses parent loans to fund the trust, offering possible tax benefits but requires careful planning, large collateral, and strict compliance to avoid gift tax or usury issues.
MENTIONED IN THIS ARTICLE
Nice
Los Angeles
L. Andrew Gifford
McKenna, Conner & Cuneo
No option on access fee applies nationwide
The FCC ruled states cannot excuse residents from paying the 1 dollar monthly access charge set for residential and small business customers. The fee funds local line costs and will rise to 2 dollars a month starting June 1, 1986.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Idaho Public Utilities Commission
Mountain States Telephone & Telegraph Co
American Telephone & Telegraph Co
FCC
Also Mentioned on This Page
Money Briefs
Sale
Kenosha Amc
Lloyd Northard
Northard
Jeep Corp
Toledo
Brampton
Ontario
Hutton
Fomon
Atlanta
Hutton Brokerage
IRS
Voelkers
7Th Street
Los Angeles Times
Apple
IBM
North Bay Computer Ware
E. Second St
Iowa City
Pittsburgh
Money Market
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