Personal income up 0.8 percent in April fueling recovery
The April rise reverses declines, with spending up 1 percent as income gains push production and hiring. Disposable income climbed 1 percent, while savings held steady and the government notes a broad uplift in wages, salaries, and transfer payments.
MENTIONED IN THIS ARTICLE
Washington
Ralph Semprevio
Chase Econometrics
Bala Cynwyd
Reagan Administration
Semprevio
United States
United Fire reports 1982 gains exceed industry average
United Fire and Casualty Co of Cedar Rapids told stockholders at the annual meeting that 1982 results beat the industry with a first quarter earnings rise of 70 percent to 1.65 million and 94 cents per share. Life premiums jumped 60 percent to 7.5 million, with projected end-year growth to 12–13 million. The meeting in Cedar Rapids lasted 23 minutes with 83.5 percent of shares represented. a 22-cent dividend was declared for June.
MENTIONED IN THIS ARTICLE
Saccuc Mancial Caitc
United Fire and Casualty Co
Cedar Rapids
Scott McIntyre Jr
McIntyre
Universal Life
McIintyre
United Fire
Thomas K. Marshall
Grinnell College
Clare Marshall
Roy L. Ewen
J. Thomas Hoegen
Robert J. Bevenour
Standard Oil
Indiana
Atlantic
Texaco
Dow Jones
Hewlett- Packard
Federated Department Stores
Carson Pirie Scott
R.H. Macy
J.C. Penney
Associated Dry Goods
AMR
American Airlines
Exchange
Standard & Poor
S&p
Wilson Foods talks stalled as union warns of strike
UFCW Local 3 president Garry Zimmerman of Cedar Rapids says Wilson Foods statements are misleading and that the stalled talks after Wilson’s bankruptcy filing could lead to a strike. He cautions progress is not real and says exploratory talks will decide the next move.
MENTIONED IN THIS ARTICLE
Wilson Foods Corp
United Food and Commercial Workers
Garry Zimmerman
UFCW
Cedar Rapids
Wilson
Kenneth Griggy
Chicago
Griggy
Zimmerman
Attorney general rejects complaint against IBP Stanwood pork plant
Iowa Attorney General Tom Miller rejected a consumer group's antitrust complaint against IBP Inc. plans to build a large pork plant near Stanwood. The move drew praise from IBP and criticism from rivals who warn of lost jobs and market impact in Cedar Rapids, Waterloo, and Dubuque.
MENTIONED IN THIS ARTICLE
Iowa Beef
Stanwood Plant
Iowa
Tom Miller
IBP Inc
Stanwood
Community Action Research Group
Ames
Federal Trade Commission
Federal Packer and Stockyards Administration
Miller
Roger Colton
CARG
Cedar Rapids
Waterloo
Dubuque
IBP
Colton
Economic Affairs Bureau
University of Iowa
Bonnie Fagan
Save Our Land
Tipton
Fagan
Ron Wengert
New Liberty
Charles Harness
Dakota City
Neb
Harness
Optimistic Federal Officials Address Cedar Rapids Realtors
Regional officials from VA FHA FNMA and HUD spoke at a Financial Update for Cedar Rapids Board of Realtors. They highlighted lower VA refinancing rates and FNMA adjustable rate programs while FHA outlined direct endorsement to speed loans and clarified that seller repairs are negotiable.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Rivers
Wright
Adams
FHA
Late selling trims daytime market rally on Wednesday
A late wave of selling in blue chips dampened an early rally, leaving prices mixed after a busy session. IBM, GE, GM and AT&T fell as energy stocks slipped, while Hewlett Packard posted a gain and retailers reported higher profits. Traders watched Merrill Lynch handle a large block of sell orders and major indices edged lower.
MENTIONED IN THIS ARTICLE
NEW York
International Business Machines
General Electric
General Motors
Oil Group
New York Stock Exchange
Merrill Lynch
American Telephone & Telegraph
Standard Oil of
California
Also Mentioned on This Page
Syracuse
N.Y
Commerce
Robert Dederick
Dederick
United Fire Results
Industry
By Bruce Fishwild Awntin
Wilson Union
Wilson Foods
April
Miller's
Eabels
Cedar Rapids, Iowa
Center Point Road
Solyaap Stains
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