FCC frees Bell System rivals from most regulation
The FCC voted to deregulate long distance competitors of the Bell System and reduce oversight of satellite and telex providers. MCI, GTE Sprint gain freedom to set prices and enter markets, while RCA American Communications and Satellite Business Systems face 14 day notice for changes. AT&T remains heavily regulated. The agency opened a future inquiry on AT&T regulation and market power.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Bell System
MCI Communications
Gte-Sprint
FCC
RCA American Communications
Satellite Business Systems
Western Union Telegraph
Commission
American Telephone & Telegraph Co
At&t
Pic Wagner
Mark Fowler
Mimi Weyforth Dawson
At&T’s
FCC Eases Tape Rules and Overturns Western Union Ruling
The FCC loosened its rules on taping long distance calls, allowing consented recordings without beep tones and carved out emergency and law enforcement exceptions. It also rejected a 1982 ruling against Western Union, finding no evidence of anti competitive telex pricing or excessive profits.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Western Union Telegraph Co
FCC
Kenneth A. Levy
Common Carrier Bureau
Western Union
OPEC to Maintain Production as Demand Grows Slower
Indonesian Oil Minister Subroto says oil demand in non communist countries will rise to 45.2 million barrels per day next year from 44.4 million this year. OPEC should keep output within the 17.5 million barrel ceiling set last March.
MENTIONED IN THIS ARTICLE
Jakarta
Indonesia
Organization of Petroleum Exporting Countries
Subroto
OPEC
Concrete from vending machines aims at small jobs
Des Moines area entrepreneur Hugh Tobler launches Cemen Tech Inc to sell compact concrete mixing plants. The units dispense as little as a quarter yard, eliminating truck deliveries and enabling DIYers and contractors to produce concrete on demand.
MENTIONED IN THIS ARTICLE
Craig Gooder
Army Post Rental
Des Moines
Tom Seery
Iowa
Hugh Tobler
Cemen Tech Inc
Tobler
Cemen Tech
Rally softens stocks loss on Wednesday market slide
The New York stock market extended losses with Digital Equipment and other computer stocks dropping after Digital undershot earnings expectations. The Dow fell 4.06 to 1246.75, while the NYSE composite slid 0.65 to 96.16 and volume rose to 107.79 million shares. AT&T dropped 13 percent after reporting a 28 percent fall in Q3 profit as housing starts declined 13.4 percent to a new low since April.
MENTIONED IN THIS ARTICLE
New York
Digital Equipment
Digital
New York Stock Exchange
American Telephone & Telegraph
At&t
NYSE
Hewlett-Packard
Burroughs
Data General
NBI
International Business Machines
Tandy
Prime Computer
AMR
Commerce Department
Boise Cascade
Louisiana-Pacific
Weyerhaeuser
Standard & Poor
S&p
Income shifting to lower your income taxes
A public service article from The Gazette explains income shifting as a method to reduce tax burden. It outlines strategies like interest-free loans and Clifford Trusts to move income to children, notes tax implications, and warns about loss of control and use restrictions.
MENTIONED IN THIS ARTICLE
Sam
Clifford Trusts
McGladrey Hendrickson & Co
Ruth A. Moet
Cedar Rapids
Gazette
Housing starts fall sharply amid high rates in September
The government reported a 13.5 percent drop in September housing starts from a four year peak, with declines across regions and both single and multiple family units. Permits for future construction fell 9 percent. The annual starts rate was 1.652 million versus 1.909 million in August, 45.7 percent above the prior year.
MENTIONED IN THIS ARTICLE
Washington
Tandy reports mixed earnings amid recession and spin-off costs
Tandy Corp announces first nine months results with operation revenue up 7 percent to 51.8 million and net income down 11 percent to 5.12 million amid recession effects and spin-off preparations for local telephone companies. The firm notes strong domestic sales offset by unfavorable foreign exchange rates.
MENTIONED IN THIS ARTICLE
Tandy
Radio Shack
American Express Third Quarter Highlights 1983
American Express reports strong third quarter results showing operating revenue up 19 percent to 2.5 million and net income at 180 thousand with 88 cent per share. Subsidiary Shearson/American Express, a Cedar Rapids brokerage, posts a 4.2 percent rise in income in the period.
MENTIONED IN THIS ARTICLE
Shearson
American Express
Cedar Rapids
GTE Reports Regional Unit HQ in Grinnell Iowa
GTE reveals financial figures for its Midwest telephone subsidiary based in Grinnell with reportable operating revenue gains and net income rises. The release shows period totals and per share figures alongside percent changes for the unit.
MENTIONED IN THIS ARTICLE
GTE
Midwest Telephone
Grinnell
Heileman Company Financials and Assets
Heileman reports as of September 30 1983 operating revenue 41 percent to 393800 279100 net income 29 percent to 1800 13900 per share 68 cents 53 cents. Op.Rev 33 percent to 1030000 774000 net income 28 percent to 46100 36000 per share 174 137. Headquartered in La Crosse Wisconsin Heileman owns Trausch Baking Co of Dubuque.
MENTIONED IN THIS ARTICLE
la Crosse
Wis
Heileman
Trausch Baking Co
Dubuque
Also Mentioned on This Page
Gooder
You
Manchester
Tama-Toledo
Tandy Corp
Myrtle Beach
Oceanfront
Sun Residences
Renaissance
Atlantic Ocean
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