Universal Gym units built for Army bring portable fitness to Korea
Universal Gym Equipment of Cedar Rapids sold seven portable fitness centers to the United States Army for nearly 400000. The units, just under 12 feet wide and 48 feet long, weigh about 20000 pounds each and will be airlifted to Korea for helicopter delivery to field sites. They feature insulation, heat, air conditioning, carpeted floors, and a variety of 16 exercise programs.
MENTIONED IN THIS ARTICLE
Towa’s
Army
Joseph Connaughton
Universal
Fredsall
Cedar Rapids
Indiana
Long Beach
Calif
Korea
South Korea
Europe
Petersen to lead Greater Downtown Cedar Rapids Assn
Jay D. Petersen, president of SCI Financial Services, elected president of the Greater Downtown Cedar Rapids Association for the coming year. He succeeds Harold Becker, who chaired the group the last two years. New officers include Charles Burd Larry Christy and Michael Murphy as vice presidents. Robert Hach as treasurer and secretary. William Pohorsky as executive director. Twenty four directors and a mix of ex officio members were named for terms spanning one to three years.
MENTIONED IN THIS ARTICLE
Jay D. Petersen
SCI Financial Services
Cedar Rapids Association
Harold Becker
Guaranty Bank and Trust Co
Becker
Charles Burd
Larry Christy
Michael Murphy
Robert Hach
William Pohorsky
Robert Armstrong
Don Bowman
Burd
Richard Buresh
Richard Clancy
John Collins
Robert DeMeulenaere
Robert DeWaay
Lee Doty
Joe Enzler
John Feld
Hal Gilbert
Hach
Russell Knapp
Charles Loomis
Mimi Meffert
Louise Nordstrom
Petersen
Bernard Rehnstrom
Patrick Roby
James Seifert
Haven Simmons
Robert Trunecek
Bull market hits new record high on rising volume
Wall Street's bull market surged to fresh highs with the Dow up 23.05 to 1462.27 as NYSE volume climbed to 150.32 million shares. Gains spanned blue chips and financials with Kodak, IBM, GE, AT&T, Westinghouse, McDonald's and Merck advancing amid rate-cut hopes. Airlines fell on forecasts of a fare war.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Geneva
Reagan
Congress
Charles Jensen
MKI Securities Inc
Dow Jones
Eastman Kodak
International Business Machines
General Electric
American Telephone & Telegraph
Westinghouse Electric
Cargill cites farm slump for lower profits in 1985
Cargill reports operating profit down 25 percent on 32 billion in sales for fiscal 1985. Stuart Baird cites global farm recession as key factor and notes ongoing weakness may persist without major U.S. policy changes. Earnings for 1985 exclude certain taxes. net earnings fall 25 percent from 1984. First quarter 1986 shows about 22 percent drop from prior year.
MENTIONED IN THIS ARTICLE
Minnetonka
Minn
Cargill Inc
Stuart Baird
Baird
Cargill
Cedar Rapids
United States
U.S
S.G. Warburg, Rowe & Pitman Akroyd Inc
Treasuries Yield at Six Year Low in Auction
Treasury notes drew bids totaling 16 billion dollars for 7 billion sold. The 10 year notes fetched an average yield of 9.54 percent, down from 10.6 percent at the prior auction and the lowest since May 1, 1979.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Department
M1 money supply rises in early November
The Federal Reserve reports M1 money supply rose by 1.5 billion to 613.6 billion in the week ended Nov 11. The gain follows a revised 612.1 billion from the prior week, with M1 including cash in circulation checking deposits and non bank travelers checks.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
Occidental buys out Murdock preferred stock in IEP deal
Occidental Petroleum Corp paid 86.1 million dollars to redeem preferred stock issued to financier David H. Murdock in the Iowa Beef Processors acquisition. The buyout ends all stock received by Murdock, at 117.25 dollars per share, and removes about 10.3 million dollars in annual dividends, boosting per share earnings for Occidental's common stock.
MENTIONED IN THIS ARTICLE
Los Angeles
Occidental Petroleum Corp
David H. Murdock
Occidental
Iowa
Murdock
Armand Hammer
UAL chief predicts fare war bloodbath for airlines
United Airlines chairman Richard J. Ferris warned analysts that domestic fare wars and a sluggish economy will trigger a "bloodbath" in the first quarter of next year. He said United will expand into the Pacific market and upgrade its reservation system despite low earnings across the industry.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Richard J. Ferris
UAL Inc
United Airlines
United
Pacific
New York Society of Security
Ferris
Frontier and People Express merge end Frontier era
Frontier Airlines stockholders approve the 71 percent vote for merger with People Express ending Frontier’s 39 year run as an independent carrier. DOT waives review, making Frontier a wholly owned subsidiary. merger creates nation’s fifth largest airline with 54 Frontier cities and 49 People Express destinations.
MENTIONED IN THIS ARTICLE
Frontier
People Express
Denver
Frontier Airlines
Department of Transportation
West
Washington
DOT
People Express Ine
Joseph R. O'Gorman Jr
Meredith Buys Ladies Home Journal and Health Magazine
Meredith Corp announces agreement to acquire Ladies Home Journal and Health magazine from Family Media Inc for 96 million dollars. Closing expected Jan 1. The deal widens Merediths portfolio as it forecasts earnings per share to dip about 30 cents in 1985-86. Health expands into health and family wellness content.
MENTIONED IN THIS ARTICLE
Meredith
Ladies Home Journal
Des Moines, Iowa
Meredith Corp
Better Homes and Gardens
Health Magazine
Robert Burnett
Family Media Inc
Des Moines
Health
Consumers face record debt as spending plunges in October
Washington AP The Commerce Department reports personal consumption spending down 0.9 percent in October as new car sales drop after two months of gains. Income rises 0.4 percent, the largest since April, but still behind last year's pace. Analysts warn weak income growth and high debt will curb spending and slow GDP through 1986. Sandra Shaber of Chase Econometrics notes savings are low and debt is high, limiting purchases.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Sandra Shaber
Chase Econometrics
Also Mentioned on This Page
Universal Gym
England
Kuwait
Robert J. Fredsall
Jay Petersen
Greater Downtown
C.A. Association
Association
Armstrong
Peter Bezanson
Buresh
Christy
Collins
William Coppock
Doty
Richard Durham
von Elbert
Wayne Engle
Jack Evans
Feld
Hal D. Haines
Kenneth Hastie
Donald Hattery
Arthur Heusinkveld
Abbott Lipsky
Lee Liu
Loomis
Richard McConnell
Scott McIntyre Jr
Murphy
Don
McDonald’s
Merck
Upjohn
SmithKline Beckman
Pfizer
Great Western Financial
H.F. Ahmanson
Airline Group
Richard Ferris
UAL
Delta Air Lines
Newark
N.J
Texas Air Corp
Burnett
By OY
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