Dow turns higher as late-summer slide eases
The Dow Jones average rose 4.15 to 2,849.27 on lighter volume after a nine-session decline. Analysts called a possible market correction near, while bond yields stayed high and traders eyed Friday's July trade balance data. Major movers included GE, AT&T, IBM, Eastman Kodak, and Reynolds Metals, with metals stocks leading gains.
MENTIONED IN THIS ARTICLE
Assocleve
and Gazette
New York Stock
Exchange
Treasury
Wall
Eastman Kodak
Ames Department Stores
Tokheim
Pannill Knitting
Reynolds Metals
Phelps Dodge
Gannett names Bock director of broadcast operations
Michael L. Bock promoted to director of broadcast operations for Guy Gannett Broadcasting Services in a newly created post. He will move from KGAN TV Cedar Rapids to Gannett’s Portland headquarters January 1, after joining KGAN in 1977 and serving as general manager since 1983. Gannett operates four TV stations and five radio outlets.
MENTIONED IN THIS ARTICLE
Portland
Maine
Michael L. Bock
Guy Gannett Broadcasting Services
Bock
Gannett
Kgan-Tv
Cedar Rapids
Iowa
Gannett Broadcasting
KGAN
Heileman J Lacrosse
Wis
Tommy G. Thompson
G. Heileman Brewing Co
Alan Bond
Thompson
Heileman
Ford recalls 4.3 million cars over fuel system faults
Ford Motor Co recalls about 4.3 million vehicles to fix fuel system problems linked to leaks and fires. The scope covers 1986 to 1988 Ford and Mercury cars and 1986 to 1987 trucks, with 222 reported engine fires and eight injuries. Heavy duty Econoline vans also targeted for underbody shields and fuel system changes.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Ford
Amana Golf Course stock sale near half sold
Public stock offering for Amana Colonies Golf Course Inc. stands at 40 to 50 percent subscribed with two weeks left. About 600 to 700 investors have bought the minimum 1000 dollars worth, while brokers say interest remains steady and institutional buyers are sought to reach the 400,000 share minimum. The 602 acre project near Middle Amana aims for a 1989 opening.
MENTIONED IN THIS ARTICLE
Unismananar
Garete
Meto Lowa
Amana Colonies Golf Course Inc
Amana Golf Course Inc
Joe Chapman
Tom Berthel
Berthelisher & Fleischman Financial Services
Cedar Rapids
Iowa
Berthel
Chapman
Middle
Amana
American plans fare boost to midrange business fares
American Airlines says it will raise midrange fares by 5 to 15 dollars per one way segment, targeting super-coach business traveler seats. The plan, affecting up to 25 percent of inventory, follows industry price hikes with Delta and United matching portions of the increase across long and short routes.
MENTIONED IN THIS ARTICLE
Fort Worth, Texas
American Airlines
American
Airlnes
Delta Air Lines
United Airlines
Texas Air Corp
AirCal
Understanding High P E Ratios In Growth Stocks
The P E ratio reflects investor confidence in a stock’s future earnings. A high P E can signify growth expectations or market overvaluation. Future P E relies on earnings guesses, market mood, and whether others have priced in anticipated gains. risk rises if earnings disappoint.
Texas bank bailout second largest in FDIC history
The FDIC pledged nearly 1 billion dollars to rescue Houston based First City Bancorp of Texas in a plan that shifts control to investors led by A Robert Abboud. The deal provides 970 million to the firm, 15 percent FDIC stake, and 100 million guaranteed notes, with First City totaling 12.2 billion in assets and 61 Texas banks.
MENTIONED IN THIS ARTICLE
Wachingson
Federal Deposit Insurance Corp
Texas
FDIC
First City Bancorp
A. Robert Abboud
Chicago
Milllion
Te Res
Continental Illinois National Bank and Trust of Chicago
First City
South Dakota
Quaker Oats Boosts Dividend to 25 Cents
Quaker Oats Co raises its quarterly dividend from 20 to 25 cents a share, lifting the annual payout from 80 cents to 1.00 dollar. The first payment at the new rate is Oct. 18 to records as of Sept. 18. This marks the 21st consecutive annual increase and the largest percentage rise in that span, tied to expected tax reform act benefits.
MENTIONED IN THIS ARTICLE
Asarco
Alcoa
Alcon Aluminium
Bolar Pharmaceutical
American Stock Exchange
Iowa
Quaker Oats
ADM
Banks of
NYSE
Exchange
Standard & Poor
SGP
Chicago
Quaker Oats Co
Quaker’s
Quaker
Also Mentioned on This Page
Dow
Gannett Firm
Detroit
Chrysler Corp
Kenosha, Wis
Belvidere
Brown Hea
Amana Colonies
Brown Healey Bock
Herb Stone
Iowa Division of Historical Preservation
Aneyre
Nota
Gazette
Wy Ousan
Nora Amora Syndicate
Carl Ken Heng
Roger J. Thoeny
MRA
Skogman
Realty
Bowman Woods
Baly
Aglanl
PPR Ren Eee
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!