Sambo’s Shuts 10 Iowa Restaurants At 6 A.M.
The Sambo’s chain abruptly closed at least ten Iowa locations including Cedar Rapids and Iowa City as part of a nationwide review of unprofitable outlets. A task force from various regions led the shutdown with little comment, while remaining Iowa sites faced permanent closures and staff layoffs.
MENTIONED IN THIS ARTICLE
Sambo’s
Iowa
The
Gazette
Cedar Rapids
the Gazette
Minneapolis
Iowa City
Waterloo
Quad-Cities
Duck Creek Plaza
Des Moines
Army Post Road
33Rd Ave
First Ave
Recession Forecaster Warns Unemployment May Hit 9 Percent
Ezra Solomon, Stanford professor and former Nixon aide, warns the recession could top 9 percent unemployment, possibly the worst since World War II, with winter next year near 9 percent or higher.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Ezra Solomon
Nixon
Dean Witter
Stanford University School of Business
United States
Northern Airlines begins Sioux City commuter service
Northern Airlines announced six weeks earlier that regular service would start and reported the first flight arriving from Minneapolis at 8 14 a m. The plane then departed to Lincoln as FAA completed crew checks Monday night. President Arthur Stock of Minneapolis confirmed the approvals.
MENTIONED IN THIS ARTICLE
Sioux City
Northern Airlines
Minneapolis
Lincoln
Arthur Stock
Federal Aviation Administration
Morrell & Co. Accused of Illegally Negotiating Lower Contract
A complaint filed with the National Labor Relations Board alleges Morrell and Co. engaged in illegal bargaining to cut a contract at its Estherville site. The action prompts NLRB scrutiny of labor relations practices and potential remedies.
MENTIONED IN THIS ARTICLE
Atlanta
Upi
General Motors
Roger B. Smith
United Auto Workers
Smith
Sioux Falls
National Labor Relations Board
John Morrell & Co
Estherville
Top Ten Triggers in New IRS Audit Guide
Matthew Bender & Co announces the 1982 edition of its Dictionary of 1040 Deductions listing over 150 audit triggers. The strongest red flags include high Total Gross Revenue with losses, large Positive Income for non business filers, tax shelter activity, problem preparers, travel and entertainment expenses, business auto costs, casualty losses, barter income, home office deductions, and hobby losses.
MENTIONED IN THIS ARTICLE
Matthew Bender & Co
New York
Internal Revenue Service
IRS
Stocks End Flat After Late Rally Amid Veterans Day Trading
Stocks edged higher in a final hour rally led by Marathon Oil Mobil speculation and energy issues. The Dow rose 3.14 to 857.12 as market activity slowed for Veterans Day with many offices closed.
MENTIONED IN THIS ARTICLE
New York
UPI
Marathon Oil-Mobil Corp
Dow Jones
Dome Petroleum
Amex
Francona Oil & Gas
Houston Oil Trust
Sage Energy
National Association of Securities Dealers
Minnesota and Texas group launch tender for USP Real Estate Trust
A Minnesota group and Daviland Corp of Texas announce a tender offer for 300000 USP Real Estate Investment Trust shares, seeking board seats rather than control. Offer stands at 10.00 per share with proration on November 23 and withdrawal deadline December 3, expiring December 11 unless extended.
MENTIONED IN THIS ARTICLE
Minnesota
Texas
USP Real Estate Investment Trust
Life Investors
Cedar Rapids
AGO Holding N.V
Netherlands
Wall Street Journal
the Gazette
USP
New York
AMLI
Don Northup
Northup
Trust
California
Sunbelt
Samuel I. Kaplan
Ralph Strangis
Hugh E. Klein
Walter E. Pratt
Dean E. Smith
Daviland Corp
Birthdays of Blackmun Grace Comaneci Highlight Day
Supreme Court Justice Harry Blackmun turns 73 and Princess Grace of Monaco reaches 52. Romanian gymnast Nadia Comaneci is celebrated at age 20 this birthday feature.
MENTIONED IN THIS ARTICLE
Supreme Court
Harry Blackmun
Princess Grace of Monaco
Nadia Comaneci
Rockwell reports rise in income and sales
Rockwell International Corp reports year end net income of 291.8 million dollars 3.84 a share up from 280.2 million 3.77. Sales reach 7 billion up from 6.9 billion. Fourth quarter earnings 59.6 million 78 cents a share vs 58.2 million 77 cents. Gains from aerospace general industries and asset sales offset automotive losses amid reserves and market conditions.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Rockwell International Corp
Rockwell
Robert Anderson
Aerospace
General Industries
General Aviation
Cedar Rapids Goss
New York City
Also Mentioned on This Page
Bruce Fishwild
Gazette Financial Editor
Muscatine
Marshalltown
Quad- Cities
Santa Barbara
Calif
Michigan
Ohio
Kentucky
Indiana
Carpenteria
Arthur Dowd
United Press International
Sam Battistone Sr
Sam
F. Newell Bohnett
UPI Photo
Monsanto C
St. Louis
Southfield, Mich
American Motors Corp
AMC
UAW
Chicago
Long Chevrolet
Long
Chevrolet
General Motors Acceptance Corp
Iowa Commerce Commission
Iowa Public Service Co
Air Service
Morrell
Ity
Standard & Poor
Marathon Oil
Mobil
Marathon
Amerada Hess
Kerr-McGee
Amax
Cities Service
Zapata Cos
Lubrizol
People Daily
Money Market
Federal Deposit Insurance Corp
Ave
42Nd. St. WE
Jacelyn Dr
FDIC
Dial
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