Iowa Electric shareholders hold centennial meeting with sharp questions
A standing room crowd at IE Tower watched Iowa Electric Light and Power Co. directors re elected as stockholders pressed management on salaries, nuclear plant costs, decommissioning plans, and future stock issues. Board members led by chairman Duane Arnold faced probes on executive pay and long term strategy.
MENTIONED IN THIS ARTICLE
Garette Financial
Iowa Electric Light and Power Co
IE Tower
Palo
Samuel Tuthill
Execuy
I.e
Call for amendding Clean Air Act in bid to balance econ enviro
Industry and labor leaders from Iowa led a Cedar Rapids press conference urging amendments to the 1970 Clean Air Act. They back the Dingell-Luken Bill to keep health standards while easing burdens on business and simplifying regulations, proposing extensions for noncompliant firms for justifiable reasons. They stressed no goal to dismantle the act and cited Deere and Co. as examples of regulatory delays.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Farnsley L. Peters
Stouffer
Five Seasons Hotel
Iowa Manufacturers Association
Peters
National Environmental Development Association
Ralph Grotelueschen
Deere and Co
James R. Sheets
Laborers International Union of North America
Sheets
Nies
Grotelueschen
The
Deere Co
Iowa
Market falls as Chase Manhattan crisis drags stocks down
Stocks hit monthly low amid Chase Manhattan woes and Drysdale Securities concerns. Dow slips to 840.85 as bonds fall, NYSE volume rises and major banks trade lower. UAL, Braniff, and Northwest slide amid market jitters over rates and budget standoff.
MENTIONED IN THIS ARTICLE
Congress
DJIA
Chase-Drysdale
Citicorp
First National of Chicago
Bankers Trust
J.P. Morgan
Manufacturers Hanover
Chemical Bank
Continental Illinois
BankAmerica
UAL Inc
Chamber starts industry survey in Cedar Rapids region
Two member volunteer teams visit local industrial leaders this week under the Existing Industry Task Force of the Cedar Rapids Marion Chamber of Commerce. Director Kenneth Caldwell notes strong cooperation and plans for headquarters visits to major firms after the first week in June.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Cedar Rapids-Marion
Kenneth Caldwell
Economic Development Department
Chamber Board of Directors
Caldwell
Senate veto blocks FTC used car rules on buyers warning
The Senate voted 69 to 27 to veto FTC rules requiring used car dealers to warn buyers of defects. House approval uncertain but expected. Critics call the rule costly and burdensome while supporters say it protects consumers. The measure precedes a Supreme Court challenge on congressional veto power.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
Federal Trade Commission
FTC
House
Robert Packwood
R-Ove
Congress
Supreme Court
Larry Pressler
R-S.d
Des Moines Register Posts First Quarter Loss
The Des Moines Register and Tribune Co reports a 1982 first quarter loss of 618000 ending April 3, larger than last year’s 162000 deficit. Letter from Chairman Kruidenier and President Gartner cites weak newspaper division results and 4.9 percent revenue decline due to softer advertising lines.
MENTIONED IN THIS ARTICLE
DES Moines
Des Moines Register and Tribune Co
David Kruidenier
Michael Gartner
Des Moines Register
Tribune
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By Bruce Fishwild
Commerce Commission
Duane Arnold
Gary
Ind
Arnold
Iowa Electric
Indiana
Martin L. Andreas
James E. Coquillette
William O. Gray
Lee Liu
Leo Nussbaum
Richard E. Scherling
Stevan B. Smith
Walter E. Brown
Marshalltown
David Q. Reed
Kansas City
James A. van Allen
Iowa City
John Murray
Coe College
By Christie Wallacester
New York
Chase Manhattan
Standard & Poor
Chase Mahnattan
Chase
Drysdale Government Securities Corp
American Airlines
Braniff
Trans World
Northwest Airlines
Lucky
Dome Petroleum
Wang Laboratories
Champion Home Builders
National Association of Securities Dealers
Chamber
England
Henry the VIII
Anne Boleyn
Inc
2Nd Ave
Securities Corporation of Iowa
U.S. Treasury
Rghter Co
Judd
United Feature Syndicate, Inc
Seichow and Righter Co
Scrabe