Wal-Mart plans Iowa growth to 50 stores and beyond
The Mount Pleasant promoter claims Wal-Mart will build more than 50 stores in Iowa, including a 653000 square foot distribution center employing about 400, serving Upper Midwest outlets. Executives note planned openings in late 1984 or later with sales reaching around 4.5 billion this year.
MENTIONED IN THIS ARTICLE
Horatio Alger
Wal-Mart
New Mexico
North Carolina
Upper Midwest
Independence
Ames
Newton
Grinnell
Pella
Mount Pleasant
Marshalltown
Muscatine
Iowa
Ernie Hayes
Henry County
Industrial Development Commission
Hayes
Illinois
Missouri
Steiger
Declining rates lift market as trading surges
The stock market continued its rally aided by falling interest rates. Trading ran heavy as the Dow rose to 1,275.81, up 7.01, with NYSE volume at 117.55 million shares, the strongest in over six weeks amid AT&T breakup preparations and a busy day for telephone stocks.
MENTIONED IN THIS ARTICLE
NEW York
American Telephone & Telegraph Co
New York Stock Exchange
At&t
Beatrice to Sell U S Confections Units in Realignment
Beatrice Foods Co says it signed a definitive agreement to sell its U S confections operations to Hatamaki Group of Helsinki. The sale includes Jolly Rancher Phoenix Candy Co D L Clark Switzer Asher Bros and Thos D Richardson with an after tax gain of about 15 million.
MENTIONED IN THIS ARTICLE
Chicago
Beatrice Foods Co
Hatamaki Group
Helsinki
Finland
Beatrice
Jolly Rancher
Phoenix Candy Co
D.L. Clark Co
Switzer Candy Co
Asher Bros
Thos. D. Richardson Co
Floating FHA VA rates shift to market driven by regulation
The new housing bill moves FHA and VA mortgage rates to follow market forces rather than being set by the housing secretary. It lifts limits on lender points, expands guarantees for new mortgage types, and lowers down payments for homes up to 50 000, while boosting HUD assisted housing funding and rental construction.
MENTIONED IN THIS ARTICLE
Jerry Estill
Washington
Congress
Department of Housing and Urban Development
Western Union Adds Curtiss-Wright-Designated Directors
Western Union Corp said its board will add three members designated by Curtiss-Wright Corp, which owns 18 percent of Western Union's voting shares. The move follows Curtiss-Wright ownership in Upper Saddle River, New Jersey.
MENTIONED IN THIS ARTICLE
Upper Saddle River
N.J
Western Union Corp
Curtiss-Wright Corp
Western Union
Durable goods orders rise 3 percent led by capital goods
The Commerce Department reported a 3 percent climb in total durable goods orders in October to 93.7 billion dollars, with non military capital goods up 4.8 percent. Defense orders boosted the overall gain, while excluding defense the rise was 2.4 percent. Shipments dipped slightly and unfilled orders showed their largest October backlog gain since the recession end.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Commerce
Malcolm Baldrige
Judge studies AT&T long distance rate contracts
U S District Judge Harold Greene heard arguments on how AT&T will pay the Bell telephone companies next year for handling its long distance traffic. He seeks time to review proposed interim contracts set to replace access charges, with a new 11.5 percent return target to offset lost customer charges. One Missouri official objected, urging AT&T be treated like any other customer after January.
MENTIONED IN THIS ARTICLE
Washington
American Telephone & Telegraph Co
Bell Companies
U.S
Harold Greene
At&t
Justice Department
Greene
Howard Thenens
Federal Communications Commission
FCC
Bell
William Harrelson
Missouri Public Service Commission
Also Mentioned on This Page
Jonathan Reed
Jones Cedar Bureau
Anamosa
Wal-Mart Stores
Bentonville
Ark
United States
Arkansas
Fritz Steiger
Target
Kmart
Jim Lawrance
Ber
Lawrance
Wringer
Maytag
Daniel Krumm
Treasury
Tinue
Ameritech
Nynex
Bell South
Bell Atlantic
Pacific Telesis
Southwestern Bell
U.S. West
Long Island Lighting
Shoreham
New York State
Standard & Poor
S&p
Veterans Administration
HUD
FHA
International Monetary Fund
6Th St
Iowa City
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