1983 wage settlements lag inflation in first nine months
Labor Department figures show union contracts covering 1.9 million workers delivered 1.7 percent average first year raises, well below 3.7 percent CPI inflation, with many workers facing cuts or freezes and total pay rises averaging 2.8 percent over contract lifetimes.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Sara Johnson
Data Resources Inc
Lexington
Mass
Bureau of Labor Statistics
Bureau
BLS
Rudy Oswald
Afl-Cio
Oswald
Johnson
Half of taxpayers pay 93 percent of the tax
The Tax Foundation reports 1981 shows 50 percent of taxpayers earning over 14,000 dollars paid 93 percent of federal income taxes. The top 10 percent paid 48 percent, averaging 14,519 dollars. the lowest quarter paid 0.7 percent of the burden, about 83 dollars per return.
MENTIONED IN THIS ARTICLE
Washington
Tax Foundation
Internal Revenue Service
the Foundation
Grenada tensions spark stock market drop to six-week low
The New York market fell to a six week low as the Soviet Union accused U S forces of firing on the Grenada embassy after U S invasion began. Dow fell 18.59 to 1223.48 with technology and auto shares among the heaviest losses.
MENTIONED IN THIS ARTICLE
New York
Soviet Union
U.S
Grenada
New York Stock Exchange
Tass
Federal Reserve
Fed
Exchange
Standard & Poor
S&p
AMCA International Reports 1983 Third Quarter Earnings
AMCA International, parent of Cherry-Burrell of Cedar Rapids, shows third quarter results to Sept 30, 1983 with operating revenue of 338,500 and 351,000 for 1983 and 1982 respectively. Net income loss 60,21 and 7,598 in the same period.
MENTIONED IN THIS ARTICLE
Amca International
Cherry-Burrell of
Cedar Rapids
Pettibone Reports Quarterly Results and Declines in Net Income
Pettibone, parent of Universal Engineering and Hammermillis Inc. of Cedar Rapids, shows second quarter figures with revenue of 43.3 million and 50.5 million and a net income loss of 5.7 million, citing a 14 percent operating revenue decline.
MENTIONED IN THIS ARTICLE
Op.Rev
Pettibone
Universal Engineering
Hammermillis Inc
Cedar Rapids
Trade deficit narrows in September but up for year
The Commerce Department reports the September foreign trade deficit at 5.8 billion dollars as exports rise 4.6 percent to 17.4 billion and imports fall 2.6 percent to 23.2 billion. For January to September the shortfall reaches 46.6 billion, well above last year’s total.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Commerce
Malcolm Baldrige
Arbitration scheduled at Hormel over wage cuts
Officials of the Geo. A. Hormel Co and its unionized meatpackers agreed to bind ing arbitration to wage cut proposals. The dispute centers on a 1978 contract clause allowing wage and benefit changes if competitors settle for new rates. Hormel argues wage cuts are needed to stay competitive with other major meatpacking firms.
Sea Galley reports 1983 results for Cedar Rapids unit
Sea Galley reveals 1983 results for its Cedar Rapids Midwest restaurant. Net income rose to 514 dollars with per share of 13 cents, while overall revenue showed declines. The Cedar Rapids location remains the chain's only Midwest outlet.
MENTIONED IN THIS ARTICLE
Sea Galley
Cedar Rapids
TI exits consumer home computer business in 1983 losses
Texas Instruments announced it will withdraw from the consumer home computer market after nine month losses totaling 222.9 million dollars in 1983 and a third quarter loss of 110.8 million. The company will stop 99 4A hardware production in November with major staff reductions. Excluding consumer results, TI's third quarter sales rose 11 percent from 1982 thanks to better semiconductors and materials and controls profits.
MENTIONED IN THIS ARTICLE
Motorola
Honeywell
Digital Equipment
Perkin- Elmer
Texas Instruments
Perkin-Elmer
General Motors
Ford Motor
Chrysler
Merck
Dallas
Texas Instruments Inc
Northern Natural Gas seeks rate cut amid purchases shift
Northern Natural Gas Co a unit of InterNorth filed two Federal Energy Commission rate actions to lower wholesale gas costs by 5.8 million dollars this year. The adjustments stem from the Purchased Gas Adjustment and the Northern Border Pipeline tracker affecting nine states and 73 utilities serving over 1.6 million people.
MENTIONED IN THIS ARTICLE
Omaha
Northern Natural Gas Co
Federal Energy Commission
Northern Natural Gas
InterNorth Inc
Dan Dienstbier
Northern
Northern Border Pipeline Transportation Tracker
Northern Border Tracker
Commission
Northern Border Pipeline
Dienstbier
Northwest Alaskan Pipeline Co
Chairman Winegardner to retire from Holiday Inns
Roy E. Winegardner, board chairman of Holiday Inns Inc. since 1979, will retire December 31, the company announced Friday in Memphis.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Roy E. Winegardner
Holiday Inns Inc
Also Mentioned on This Page
Home Products
Financial Institutions
Sibson & Compa
IRS
Foundation
Grenada News
AMCA
Elmer Delaney
Debbie Crai
Money Market
MorAmerica Financial Services, Inc
Fred P. Fisher
Securities Dept
SIPC
Nasd America Financial
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