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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Nov 29, 1982

Page

22

Economic Indicators Preview From Government Reports

Labor Department nurses productivity and revised third quarter data show a surprising four percent gain in non financial corporations. Treasury and Commerce Department releases track money supply, leading indicators, housing starts, and durable goods orders with revisions and outlooks. Health Co. unveils HERO 1 intelligent robot in New York City.

Labor Department Treasury Department Commerce Department

Cedar Rapids SCORE Chapter to Meet Wednesday

The Cedar Rapids Chapter of the Service Corps of Retired Executives will meet Wednesday at 10 a.m. at the Chamber of Commerce offices. For information call the SCORE office at 399-2571.

Cedar Rapids Service Corps of Chamber of Commerce

Major new bond issues planned for week of November 29

Bond calendar shows Salomon Brothers listing large offerings including $1.3 billion GMAC deferred interest debentures due 2014 and $325 million Grand River Dam Authority credits. Other issues span Citicorp notes $200 million, New Jersey Building Authority $170 million, and various state and municipal bonds with dates through December. UPI notes rates across money markets.

Salomon Brothers United Press International U.S Cigna Corp Mercantile Texas Corp Society Corp Citicorp Corning Glass Works Exch New York State E.&g New Jersey Building Authority Suffolk County N.Y California Student Loan Authority Grand River Dam

Ball Corp Chief Executive Emphasizes Clean Business Policy

Richard M. Ringoen leads Ball Corp., an $815 million maker of jars, zinc blanks, and satellites, insisting the firm only enters clean, high-integrity markets. He stresses modesty, Christian principles, and avoidance of “dirty” sales practices, tracing his career from Navy flight training to Ball’s presidency. He notes Ball’s 52 percent family ownership and his rise from aerospace to CEO in 1981.

New York Richard M. Ringoen Ball Corp Ringoen Ball Ringoon Ridgeway Iowa Iowa Falls J.C. Penney Navy Marquette University University of Iowa Collins Radio Co Cedar Rapids Colo Ball Brothers Research Corp Boulder Muncie

Recession Trend Sparks Startup Wave Across America

A new Business Centres International study finds one third of executives and others who change jobs yearly go into business for themselves. Venture capital jumped from 40 million to 1 billion dollars in four years as recession boosts entrepreneurship. The firm, founded in Bahrain, cites motives from tax cuts to ambition and global market shifts. The study notes early thirties as prime for starting up and that capable entrepreneurs are hands-on doers. A separate note records Egypt declining Egypt’s invitation to informal Middle East talks in Cairo ahead of Geneva.

Persian Gulf Bahrain Kazem Iravani Middle East New York John Foley Boston Iravani Unversity of Michigan Harvard Washington Houston Atlanta London Frankfurt Jeddah Riyahd Foley United Press International Harvard Business School Soviet Union Egypt Cairo

Registered Bonds and Tax Exemptity Under New Law

The IRS clarifies that bonds issued before January 1 1983 retain tax exempt status. from January 1 1983 onward only registered bonds remain tax free. Bearer bonds issued after that date lose tax exemption and face a 1 percent excise tax per year of term.

IRS

Also Mentioned on This Page

Investment Company Institute Donoghue Bond Calendar Jerrico Inc American Southwest Financial Gnma Carl Karchner Nashville & Davidson Tenn Oklahoma Housing Finance Agency Louisiana Energy and Power Authority Michigan State Building Authority Kentucky Georgia Power Co UPI Telerate Systems Inc By James Peltz Associated Press Ind Ringin Everbody LeRosmite Press Fac Anal America Business Centres International Los Angeles San Francisco Los Angeles Times Allstate Sears Apples Basic Staandard Der Allstate Insurance Company North Sears, Roebuck Company Cies
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