United Telephone seeks 97 percent rate hike for some Iowa customers
United Telephone of Iowa, based in Newton, requests a 6.3 million dollar rate increase with the Iowa Commerce Commission that could raise bills up to 97 percent for certain residential two party lines and some business customers. The filing covers local service only and 57,700 customers across Oxford Junction to Lisbon. The company seeks interim 1.2 million dollars, 18.5 percent, and aims for 15.3 percent return on equity to attract capital for improvements.
MENTIONED IN THIS ARTICLE
Judy Daubenmier Lazette
Des Moines
United Telephone of Iowa
Newton
Iowa Commerce Commission
Oxford Junction
Stanwood
Lowden
Tipton
Bennett
Durant
Lisbon
Iowa
Don Heidebreck
Commission
Heidebreck
The
Commerce Commission
Postal Service approves ZIP plus 4 rate discounts for bulk mail
The Postal Service board on Tuesday backed discounts for major business mailers using the nine digit ZIP code. Discounts, effective Sunday, vary by whether initial sorting is performed, with one half cent or nine tenths of a cent per piece. Lawmakers previously opposed the code, now considering voluntary use with similar service for five and nine digit mail.
MENTIONED IN THIS ARTICLE
Washington
Postal Service Board
Independent Postal Rate Commission
Rate Commission
Postal Service
Congress
Dave Durenberger
R-Minn
Roger W. Jepse
Durenberger
Abusive tax shelters trigger audits under new IRS push
The IRS launches a nationwide warning program for high income investors tying abusive shelters to guaranteed audits. Commissioner Roscoe L. Egger Jr. notes rapid shelter growth from 400 cases to 325,000 and outlines enforcement steps, summonses, and potential penalties under 1982 law as part of a broader crackdown. Major Dynamics Inc. cited as an example where investors faced losses, prosecutions, and prison terms for shelter-related fraud.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Roscoe L. Egger Jr
Minneapolis
The
American Institute of Certified Public Accountants
Egger
Major Dynamics Inc
California
Purolator Eyes Sale Of Armored Car Subsidiary
Purolator Inc began talks on selling its armored car unit Purolator Armored Inc to Wayne Nickless Holding Co of Australia. The proposed sale would fit Purolator’s strategic plan as Nickless’ firm owns Loomis Armored Car Service Inc. Purolator Armored serves 35 states and DC.
MENTIONED IN THIS ARTICLE
Purolator Eyes
Piscataway
N.J
Purolator Inc
Wayne Nickless Holding Co
Australia
Purolator
Ray Jicka
Purolator Armored Inc
Wayne Nickless Ltd
Australian Stock Exchange
Loomis Armored Car Service Inc
Purolator Armored
District of Columbia
Buick Olympia Limited Sedan for Los Angeles Olympics
Buick offers the Century Olympia Limited Sedan as official Games sponsor for the 1984 Los Angeles Olympiad. Available in white with Olympic emblems on front fender decklid and hood. features gold stripe gold aluminum wheels and luggage rack. Sold through Allen Motor Co. Cedar Rapids.
MENTIONED IN THIS ARTICLE
Buick
Los Angeles
Allen Motor Co
Cedar Rapids
Domestic auto sales set two year high in September surge
Domestic automakers finished the model year with a 7.9 percent rise in late September sales from a year earlier as imports eased from stock constraints. GM and Ford posted gains in the month and year totals, while Chrysler and AMC showed strong year gains, with VW and Honda reflecting uneven demand amid inventories.
MENTIONED IN THIS ARTICLE
Detroit
U.S
General Motors Corp
Ford Motor Co
Ford
Chrysler Corp
American Motors Corp
AMC
John McCandless
Volkswagen of America Inc
Honda
Chrysler
Stocks End Week Slump With Modest Rally On IBM UPSwing
New York stocks rose modestly to halt a week of losses led by IBM shares trading at record highs and auto stocks gaining. The Dow rose to 1236.69 as volume climbed to 90.27 million on the NYSE amid speculation over third quarter earnings. Banks and other movers faltered with Citicorp sliding on Argentina debt concerns while Computervision fell on earnings outlook.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
General Motors
Ford Motor
Chrysler
American Motors
IBM
Citicorp
Argentina
J.P. Morgan
Chase Manhattan
Bankamerica
Also Mentioned on This Page
United
Honda of America Manufacturing Co. Inc
United States
SHARP
Office Services Inc
Iowa City
Treasury
SmithKline Beckman
Computervision
Merrill Lynch
FDIC
FSLIC
SIPC
Securities Corporation of Iowa
SCI Financial Group
Second Avenue Southeast
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