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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Nov 06, 1981

Page

11

Bell reaches out for cable test

AT&T seeks a hybrid videotex link with cable firms to deliver home information services using both networks. The plan envisions two way data over cable and telephone back channels for shopping, news, and banking, with trials already underway by AT&T and partners like Knight Ridder and CBS.

Michael J. McLaughlin Booz Allen & Hamilton Mark Kriss Yankee Group Bell At&t Knight-Ridder Newspapers Florida CBS, Inc Ridgewood N.J ABC Carter Ronald Reagan

Car and truck output hits ten year low in October

Domestic auto production fell 20.7 percent from 1980 to 534 832 cars in October, the lowest for the month since 1970, with truck output down nearly 18 percent to 147 531 units. Through ten months, cars total about 5.6 million and trucks about 1.4 million, amid weak sales and plant cutbacks.

Detroit UPI Automotive News U.S Ward’s Automotive Reports

Stocks Fall as Reagan Policy Doubts Stir Selloff

UPI reports a market downturn amid fears the Reagan administration is unsure on economic policy as a recession looms. Dow Jones drops 7.71 to 859.11 while S&P 500 falls 1.20 to 123.54 and NYSE volume slips. Major components like Exxon and General Motors slide amid mixed corporate moves and takeover chatter.

New York UPI Office of Management and Budget David Stockman Stockman Dow Standard & Poor Mattel Exxon General Motors

FTC refuses to drop cereal monopoly case

The Federal Trade Commission unanimously rejected a bid by Kellogg General Mills and General Foods to drop the decade old antitrust case. The staff appealed an admin law judge’s recommendation to kill the case and the commission ruled briefs may aid its final findings. The board said the vote on procedure does not indicate views on the merits.

Washington UPI Federal Trade Commission Kellogg General Mills General Foods FTC Competi Alvin Berman

Baldrige to launch six steel dumping cases next week

Commerce Secretary Malcolm Baldrige announced six separate actions to halt foreign steel dumping in the United States. Five target carbon steel plate imports and one covers hot rolled sheet metal. He indicated most cases would be countervailing duties, with nations including European Community members, to bolster the domestic steel industry's recovery.

Washington UPI Commerce Malcolm Baldrige U.S Baldrige Senate Steel Caucus John Heinz R-Pa Heinz

Louisa County pollution bonds sell for Louisa Generating Station

Louisa County Iowa announces sale of 25 million dollars in pollution control revenue bonds by Iowa Illinois Gas and Electric Co of Davenport. Proceeds finance facilities at the Louisa Generating Station near Muscatine and are payable from company payments on first mortgage bonds. Bonds mature October 1 2011 with tender options starting October 1 1984. Underwritten by E F Hutton and Co Davenport Bank and Trust Co trustees. The 650000 kilowatt plant is over half complete and set to begin operation mid 1983. Iowa Illinois owns and operates it.

Louisa County Iowa Iowa-Illinois Gas and Electric Co Davenport Louisa Muscatine E.F. Hutton and Co Davenport Bank and Trust Co

Chemical Bank Lowers Prime Rate to 17 Percent

Chemical Bank of New York cut its prime lending rate by a half point to 17 percent on Thursday. A bank official noted banks may delay passing the cut to the public as many already charge blue chip customers below the posted rate, while others discount for large borrowers in the commercial paper market.

New York UPI Chemical Bank of New York R. Roderick Porter Chemical

Builder sues operator for condo price

Bjornsen Investment Corp sues Pfeiler Condominium Co and Pfeiler Investment Corp in Linn District Court over the Plaza East condominiums, seeking payment on about 3 million more plus penalties from a 1979 agreement. The case names Donald H. and Karen J. Pfeiler as guarantors. Bjornsen retains 35 units and two workshops while Pfeiler entities hold 13 units, with no request to terminate possession.

Plaza East First Ave. SE Linn District Court Bjornsen Investment Corp Pfeiler Condominium Co Pfeiler Investment Corp Donald H Karen J. Pfeiler Bjornsen

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