Dow Closes Higher Amid Light Volume on Veterans Day
Stocks rebounded late after an early drop as the Dow Jones rose 10.21 to 1054.73 amid thin holiday trading. The NYSE and NASDAQ posted modest gains with notable activity in FNM, Sony, Mattel and US steel shares, while Brezhnev’s death had little impact on the final rally.
MENTIONED IN THIS ARTICLE
New York
VPI
Leonid Brezhnev
Dow
Edward O’brien
Securities Industry Association
Congress
Standard & Poor
NYSE Ticker Watching Fascination Amid Volatile Week
A pair of NYSE employees study the ticker tape as numbers flash across the board during a week of hectic trading. The market shows a brief surge to an all time high before pulling back.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
New York Stock Exchange
Plaza Paint and Wallcovering to Move Downtown Cedar Rapids
Plaza Paint and Wallcovering will open December 20 at 215 Third Ave SE in the old Morris Sanford store, Cedar Rapids. Wes and Doe Koudelka own it. Mike Dahm is the manager. Remodeling starts today and should finish by December. main floor to retail, basement for storage, with front loading zone and alley access. The shop joins Park and Shop for free parking and a skyway link to Armstrong store.
MENTIONED IN THIS ARTICLE
Third Ave
Morris Sanford
Cedar Rapids
Plaza
Wes and
Doe Koudelka
Mike Dahm
Armstrong
West Side
Maytag declares regular dividend plus extra for 1982
Newton based Maytag Co directs a regular quarterly dividend of 50 cents per share and an end of year extra 15 cents, totaling 2.15 dollars for 1982, payable December 15 to shareholders of record December 1. Waterloo Deere and Co announces indefinite furloughs for 400 more blue collar workers, raising Waterloo job losses to about 3,950 as of November 22. Grinnell Miracle Recreation Co to open a new plant in Monett Missouri to produce playground and park equipment, transferring some Grinnell workers as supervisors. UPI reports Commercial and industrial failures near record 689 in the week ending November 4, with a 50-year high of 696 the week ending August 26.
MENTIONED IN THIS ARTICLE
Newton (Ap
Maytag Co
Waterloo
Deere and Co
Grinnell (Ap
Miracle Recreation Co
Grinnell
Monett
New York
UPI
Dun & Bradstreet Inc
D&b
Equitable of Iowa Reports Decreased Third Quarter Earnings
Equitable of Iowa Companies posts lower third quarter net income and earnings per share amid declines in investment gains and nine month results. Younkers subsidiary shows an $815,370 loss while cash dividends are raised 12 percent to 32 cents per share.
MENTIONED IN THIS ARTICLE
Des Moines
Equitable of Iowa Companies
Younkers
General Growth reports higher revenues and income in Cedar Rapids area
General Growth Properties reports revenue of 65.095 million for the year ending September 30, up from 57.439 million in 1981. Net income for the year totals remain to be disclosed in the provided text.
MENTIONED IN THIS ARTICLE
DES Moines
General Growth Properties
Town and Country Shopping Center
Lindale Mall
Cedar Rapids
Happy Mates recalled for choking risk across Northeast
The Consumer Product Safety Commission announced a voluntary recall of 8000 to 9000 Happy Mates squeeze toys by Electro-Plastics Inc of Port Newark New Jersey. The orange lion yellow cat green frog and pink pig heads pose choking hazards due to small bulbous ends. Consumers should stop using them and return to retailer for a full refund or mail to Electro Plastics.
MENTIONED IN THIS ARTICLE
Washington
New Jersey
Consumer Product Safety Commission
Northeast
Electro-Plastics Inc
Port Newark
N.J
Navy and
Neptune Streets
Experts fear retail repos in saver markets
Banking critics label retail repurchase agreements risky and uninsurable, arguing they may not be backed by federal insurance and could erode in bank failures. Regulators debate whether repos are a loan or a distinct instrument, urging clarifications and stronger protection for investors.
MENTIONED IN THIS ARTICLE
Money Line Financial Institutions
Treasury
U.S
William Donoghue
Fosback
Federal Deposit Insurance Corp
Mount Pleasant Bank and Trust Co
Iowa
Banking Expansion Reporter
FDIC
Donoghue
Fast appeal set on Bell case before Supreme Court
A federal judge certified for Supreme Court review the antitrust settlement between the Justice Department and AT&T. The move allows direct appeal bypassing the D.C. Circuit as Maryland and others seek to resolve whether AT&T must break up its Bell System.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
American Telephone & Telegraph Co
Supreme Court
U.S
Harold Greene
At&t
Department
Maryland
Greene
U.S. Court of Appeals
District of Columbia
Date Processing
Bell System
Tandy to sell beepers at Radio Shack outlets in 1983
Tandy Corp. plans to enter the pocket pager business early in 1983, selling the beepers at Radio Shack stores. Chairman John W. Roach announced at the annual stockholders meeting that Tandy, with over 8,000 Radio Shack outlets, will be first to offer such a product through a retail channel.
MENTIONED IN THIS ARTICLE
Fort Worth, Texas
Also Mentioned on This Page
Federal National Mortgage
Sony Corp
Energy Exchange
Mattel
American Express
DJIA
Warner Communications
MCA
Gulf & Western
General Electric
General Motors
IBM
Merck
Procter & Gamble
United Technologies
Signal Cos
Wheelabrator-Frye
G. Heileman Brewing
Pabst Brewing
Pabst
Minneapolis
Irwin Jacobs and Associates
Johnson & Johnson
Dome Petroleum
Champion Home Builders
Wang Laboratories
UPI Photo
Kenneth R. Austin
Chet Currier
Eeyclated Press
Norman Fosback
Money Fund
Jack Fawcett Associates
Tandy Corp
Telephonic Equipment Corp
California
North American Telephone Association
Bell Companies
Tandy
Tom
Tom Underwood
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