AGO buys 1.5 million Life Investors shares amid takeover bid
AGO Holding N.V. announced it purchased 31 percent of tendered Life Investors shares after the deadline, with Life Investors calling the move illegal. The stock closed near $18 while analysts note potential price pressure on remaining shares. Dr. J.A. Bakker outlined plans for closer management and board control, and Iowa officials launched a multi-month examination of AGO.
MENTIONED IN THIS ARTICLE
AGO Holding N.V
Life Investors
Cedar Rapids
AGO
John H. Conley
First Mid America
Iowa
Sents
J.A. Bakker
Des Moines
Bruce Foudree
Linn
Paul Kilburg
Iowa Supreme Court
Burglarized Tax Deductions Cited By Police
Burglary losses may qualify for tax deductions per Prentice Hall guidance. To claim a deduction you must prove property was stolen not lost, report to police, and apply rules: lesser of cost or fair market value, with business property using cost, insurance offset, and personal losses reduced by 100 dollars per theft.
Factory Output Declines 1.5 Percent in October
UPI reports October industrial production fell 1.5 percent marking the third straight monthly decline after September's revised drop. Auto output plunged about 11 percent, while construction supplies and durable goods also fell. Unemployment rose to 8 percent as production weakens.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Commerce
Malcolm Baldrige
Ance
Fed
Baldrige
Judd's Letter Puzzle: Word Rearrangement Challenge
A 1981 crossword style puzzle by Judd presents rows of letters, each to be rearranged into a 2 to 7 letter word. Score according to directions beside each row. 7 letter words earn a 50 point bonus. Blanks function as any letter with no score. Proper nouns, slang, foreign words, or hyphenated terms are not allowed. Judd's solution appears tomorrow dated 11-14-81.
MENTIONED IN THIS ARTICLE
Judd
Auto makers report early November sales drop
GM and Ford post steep declines for November 1 to 10 with 30,280 and 90,811 units sold, respectively. Chrysler shows a 3 percent rise and 10.8 percent market share as it trends upward, while AMC and VW figures are not yet available.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
Ford Motor Co
Chrysler Corp
Ford
Chrysler
Tom Pappert
U.S
American Motors Corp
Volkswagen
American
Money supply M1 B rises 2.2 billion in week ending Nov 4
The U S money supply measure M1 B increased by 2 2 billion for the week to November 4 signaling the Fed may need to boost bank reserves to sustain growth. M 2 averaged 1 8 trillion in October up from 1 786 trillion in September with M1 B at 422 2 billion from 420 9 billion.
MENTIONED IN THIS ARTICLE
New York
UPI
Fed
Federal Reserve
Stocks Slip as Trading Slows Amid Recession Fears
Stocks fell in sluggish sessions as investors anticipated government steps to curb the slowdown. Dow eased to 855.88 while NYSE and Amex indices dropped. oil majors Movil Exxon and Texaco moved on. airline and tech issues were mixed with notable layoffs announced by Cessna and sector-wide profit taking evident.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Standard & Poor
Marathon Oil
Mobil
Federal Trade Commission
Ohio
Exxon
America
Libya
Texaco
Cessna Aircraft
First International Bankshares
SeaFirst Corp
Norfolk & Western
Burlington Northern
Chamber elects nine to Cedar Rapids area board
Nine members were elected to three year terms on the Cedar Rapids Marion Area Chamber of Commerce board of directors. New directors include John B. Byers Jack B Evans David W Hughes III Eugene L Larson Ed Lasko Clair J Lensing Lee Liu Bill F Stewart Robert W Verhille. Lensing and Verhille represent the Marion Division. Terms begin January 1 with seven members retiring.
MENTIONED IN THIS ARTICLE
Cedar Rapids-Marion Area
Clair J. Lensing
Farmers State Bank
Lee Liu
Iowa Electric Light and Power Co
Bill F. Stewart
Kirkwood Community College
Robert W. Verhille
Robert Verhille and Associates
Lensing
Verhille
Marion
Bernard Cooper
Carl Foster
Charles Loomis
Dan Schwitters
J.B. Rehnstrom
Bill Bissi
William Nordstrom
Inventories Rise in September per Commerce Data
UPI reports September inventories grew 0.95 percent as the Commerce Department notes backlogs persist from sagging demand. Total business inventories reached 507.2 billion after seasonal adjustment, up 4.8 billion, with sales rising 0.4 percent and the inventory-to-sales ratio easing to 1.41 months. Manufacturing up 1.1 percent, retail 0.78 percent, wholesale 0.7 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Department
AFL-CIO Chief Criticizes CPI Revision Proposal
Lane Kirkland accuses the Reagan administration of failing anti inflation efforts and calls for a new approach to calculating the Consumer Price Index, arguing the current method does not function as intended.
MENTIONED IN THIS ARTICLE
Lane Kirkland
Afl-Cio
Also Mentioned on This Page
Bruce Fishwild
Gazette Financial Editor
All of Life Investors
Louis Schultz
Prentice-Hall
Seichow and Righter Co
Scrabble
United Feature Syndicate, Inc
Ics
Teledyne
Motorola
Honeywell
Data General
Cummins Engine
Columbus
Ind
Integrated Energy
Amex
Dome Petroleum
Houston Oil Trust
Numac Oil & Gas
Cominco
National Association of Securities Dealers
Chamber
Edgewood Rd
Marion Blvd
Morris Ae
33Rd Ave
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!