Swisher firm named Small Business of the Year
Ed and Charles Klouda and Manufacturing Specialties Inc. were named Small Business of the Year 1982 in the Cedar Rapids and Iowa City area. The Swisher company designs and builds original molds for outer plastic shells used in computers piping and medical equipment. The firm began in 1971 from four employees and now has 25 with a Bentonville Arkansas branch opened last August to serve southern markets.
MENTIONED IN THIS ARTICLE
J. McCauley
Flansburg Gazette
Johnson County
Swisher
Arkansas
Charles Klouda
Manufacturing Specialties Inc
Cedar Rapids
Iowa City
Ed Klouda
Klonda
Iowa
Klouda
California
South Carolina
Canada
Bentonville
Ark
Son
Roger
New tenants at Westdale Mall clarify Kubias status
GazetteMoney page notes Kubias Hardware remains open in the building housing Kubias, with several new tenants moving in alongside the existing store. The mix in Des Moines includes other occupants, dispelling closing rumors about Kubias Westdale.
MENTIONED IN THIS ARTICLE
Gazette Money Page
Westdale Mall
Kubias Hardware
Kubias
Westdale
Stocks slide to 22 month low on holiday trading
UPI reports muted pre holiday action as blue chips sag to a 22 month low amid investor concerns over high rates and failed budget passage. Dow off 5.42 to 819.54, S&P 500 down 0.78 to 111.88, NYSE volume 43.9 million, Nasdaq up 0.17 to 178.54. Cities Service notable, Mesa Petroleum rallies, Drysdale affair cited.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Standard & Poor
U.S
American Telephone & Telegraph
IBM
Warner Communications
Mattel
Warner
WCI
Chase Manhattan
Drysdale Government Securities
Drysdale
Wall Street
Cities Service counterattacks to buy Mesa stock
Cities Service unveiled a plan to acquire up to 51 percent of Mesa Petroleum at $17 a share, aiming to thwart a Mesa led takeover. Mesa, based in Amarillo, Texas, had a 5.3 percent stake in Cities Service as of March 31, while trading near Cities' offer price.
MENTIONED IN THIS ARTICLE
Cities Service
Mesa
New York
UPI
Mesa Petroleum
Tulsa
Okla
Cities
Amarillo
Texas
New York Stock Exchange
NYSE
Wall Street
Health costs seen doubling by 1985
A Standard & Poor's report says U S health costs will top 460 billion dollars per year by 1985, nearly double 1980. Government estimates project 317 billion for 1981. by 1990, health care spending could reach 821 billion annually.
MENTIONED IN THIS ARTICLE
New York
UPI
America
Standard & Poor’s Corp
United States
Health Care Financing Administration
Money supply falls slightly amid Fed policy doubt
U S money supply declined by 1.3 billion in the latest week, a level analysts say may not deter the Federal Reserve from easing policy. Bank of New York's William V. Sullivan Jr. calls the drop largely in line with expectations, though markets hoped for a bigger decline. Net borrowed reserves show slight tightening after a prior drop, suggesting last week's easing aimed to calm markets after the Drysdale default. Ml stood at 451.5 billion for the week ending May 19, down from 452.8 billion. Business loan demand slid by 477 million, with New York City banks posting a 517 million decrease. Heavy storms saturated Cedar Rapids with rainfall for May’s total quota in under 24 hours.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
William V. Sullivan Jr
Bank of New York
Fed
Drysdale
Sullivan
New York City
Ford recalls 125000 subcompacts over A C fire risk
Ford Motor Co recalls 125000 1982 subcompacts for replacement of a defective air conditioning component after 12 fire reports. An additional 16827 1982 Continentals are recalled for fuel filler housing repairs that could cause a fire. Dealers will replace the resistor assembly and modify filler housings at no cost.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor Co
Automaker
Ford
United States
Canada
Mike Davis
Davis
Transon
Dollar strength spreads across markets as rate fear grows
The dollar posts a strong gain in New York and Europe amid budget talks worries and higher rate expectations. The Canadian dollar sinks near its low while gold and silver fall. Tokyo and London show sharp yen and pound moves as markets pause for holiday-induced closures.
MENTIONED IN THIS ARTICLE
New York
UPI
U.S
Europe
Tokyo
London
Koehring Bantam to idle Waverly plant four weeks
Koehring Co Bantam division officials announce a four week shutdown at the Waverly plant beginning June 28. About 285 workers will be idled as normal production halts from June 28 to July 23. Afterward a two week annual inventory shutdown will limit output until August 9.
Taxpayers face June 15 deadline for extended returns
The Internal Revenue Service warns that taxpayers who requested automatic extensions must file complete returns and pay any tax due by midnight June 15. Late filers must attach Form 4868 and, if outside the United States on April 15, include a statement. For more information, call the IRS number in local directories or write to the agency.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
U.S
Puerto Rico
Mixed T-bill yields at weekly auction Friday
The U S government sold 4 9 billion of three month bills at a 11 520 discount and 4 9 billion of six month bills at 11 589. The auction moved to Friday due to Memorial Day. The 91 day savings certificate rate is 11 520 for thrifts and 11 270 for banks.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Also Mentioned on This Page
Swisher Company
MVA
Des Moines
Mississippi Valley Airlines
Kansas City
Braniff
Pat Thompson
Federal Aviation Administration
Bethesda
Martin Marietta Corp
Chicago
International Harvester Co
Estherville
John Morrell & Co
Estherville Park
Tandy Corp
Massey Ferguson
Dome Petroleum
Universal Resources
Gulf Oil of Canada
National Association of Securities Dealers
Robert Transon
Parts and
33Rd Ave. S.W
Hupp Electric Motors
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