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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 04, 1982
Page
30
Exxon led volume as the Dow rose with the index at a record high. The article notes large gains across blue chips such as Sony and IBM, with mixed moves in transport and brokerage stocks and references the Texas governor election impact on utilities.
UPI reports October 1983 sales show a 7.7 percent gain for the final 10 days and 3.1 percent for the month amid one fewer selling day. AMC yields a 107.6 percent rise in the 10 days, Chrysler up 40 percent, GM up 4.7 percent in the period, Ford down in the month, VW fell sharply with year to date down 44.6 percent.
Ford Motor Co countered GM with a 10.75 percent financing offer on all 1982 cars, plus rebates on Escort Lynx EXP and LN7. Buyers can choose between the lower rate or cash and a 24 month 24,000 mile maintenance plan, with truck rebates from 300 to 1000 dollars.
Life Investors Inc of Cedar Rapids says operating earnings climbed for the third quarter and first nine months, with revenues up 19 percent to 136.2 million and nine month revenues up 47 percent to 409 million. Net earnings fell due to a 5.3 million loss on its equity in the Equitable Savings merger.
Colleen Shearer of Job Service of Iowa told Cedar Rapids business leaders that deficits in the unemployment reserve fund require more than employer taxes. She proposed shared costs with employees, warned against extending benefits, and cited projected debt of 56 million by year end and 65 million in early 1983. Cronkite and Carney ages noted.
Iowa Electric Light and Power Co. approved a 1.5 cent rise in its common stock dividend to 44.5 cents per share. The first payment at the new rate will be Jan 1 for shareholders of record Dec 10. Directors also declared quarterly dividends on nine preferred issues with the same dates.
The notice states that the judges final decision is binding and outlines eligibility exclusions. It specifies that employees of The Gazette Company and their immediate families cannot win prizes, restricting participation to unrelated members of the public.
The Des Moines east west service of Mississippi Valley Airlines is reduced due to a shortage of air traffic controllers in Minneapolis. FAA slot limits have left MVA unable to operate all Des Moines flights to Lincoln, Omaha, Cedar Rapids, and Moline. The FAA will hold another slot session next week to restore routes.
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