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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

Sep 11, 1982

Page

24

Banco to become Norwest as bank group adopts common identity

Northwest Bancorporation plans to rename all banks and financial units Norwest in 1983 after shareholder and regulator approvals. The move unifies 86 banks and five trust firms under a single brand, affecting 800 locations and corporate materials.

Minneapolis — Northwest Bancorporation Norwest Marion First National Bank of Iowa Norwest Bank Northwest Computer Service Cedar Rapids Norwest Information Servicing Inc Dial Finance Corp Norwest Financial Inc Norwest Financial Services Norwest Corp Northwest Bancorporation Northwestern Banks First Northwestern Banks First National Banks John Morrison Minneapolis Mason City Fargo Banco

Stocks slip as profit taking hits second straight session

UPI reports a broad market decline on Friday with the Dow falling 5.71 to 906.82 and the week ending lower. NYSE and NASDAQ indexes eased as traders waited for the Federal Reserve data on money supply and word of large block trades dominated early turnover.

New York UPI Wall Street Dow Standard & Poor Federal National Mortgage Exxon California Standard Superior Oil IBM Sony Corp American Telephone & Telegraph Justice Department Creditwatch

Gold price plunges in New York amid Bolivia debt worries

The price of gold fell to 441.50 an ounce in New York after Bank of America confirmed Bolivia failed to make a 10 million dollar payment. London and Zurich markets closed lower, while the dollar strengthened on global uncertainty and expectations of higher U.S. rates. Bank of America noted Bolivia would resume payments as soon as possible.

New York United Press International Bolivia Bank of America Hong Kong Zurich London Chase Manhattan Bank Fed U.S Chase Tokyo

Michigan blocks Bendix Marietta United bid in takeover clash

A Michigan cease and desist halted the $1.5 billion Marietta United bid for Bendix as Judge Anna Diggs Taylor denied requests to halt state statutes. Marietta and United defend legality, while Bendix steps up counterbid and seeks to block United.

Bell Bendix Michigan Commerce Department Martin Marietta United Technologies CBS William S. Paley New York Marietta United Corporation and Securities Bureau Michigan Department of Commerce U.S Anna Diggs Taylor Detroit Michigan Bethesda Southfield Mich Citibank United Technologies of Hartford

White Farm Equipment to terminate pension plan

White Farm Equipment Co will terminate its pension plan on Tuesday for workers in Charles City Hopkins Minnesota and South Bend Indiana. Company officials say the move will conserve cash and cut future operating costs amid a severe downturn in North American agriculture equipment markets and aggressive price cutting by competitors.

Charles City White Farm Equipment Co Hopkins, Minn South Bend Ind North America

How to Sell Stock via a Broker

To sell 25 shares you should use a stockbroker. Discount brokers offer lower commissions than full service firms, especially for larger trades. Visit a broker, complete a sale form, and your order goes to the exchange floor. proceeds credit to your account.

Sears, Roebuck & Co Dean Witter Reynolds Organization Stock Exchange Los Angeles Times

M1 rises modestly as Fed holds line on rates

UPI reports the nations basic money supply M1 increased by 900 million to 457.1 billion for the week ending Sept 1, not enough to alter the Fed stance at 9 to 10 percent. Broader M2 rose to 1.946 trillion in August while business loan demand jumped 1.55 billion at big banks and commercial paper fell 3.5 billion.

New York UPI Federal Reserve William V. Sullivan, Jr Bank of New York Fed Sullivan The

Also Mentioned on This Page

Banco Mortgage Co Norwest Mortgage Inc Northwestern State Bank Midland National Tery First Northwestern Trust CO Nebraska Firstational Bank Gratton Wat NYSE Dome Petroleum Wang Laboratories Bergen Bruswig National Association of Securities Dealers Russia South Africa Far East Europe White Pontiac Phoenix Knapp Larry Eagle Lakeside Drive N.E Lowe Eagle Computer
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