August factory output falls further amid recession gloom
The Federal Reserve reports August industrial production down 0.5 percent marking the 11th monthly decline in 13 months. Auto assembly drops 16 percent to 5.5 million units, while defense equipment and construction supplies rise slightly. Retail sales fall 0.9 percent, inventories up 0.1 percent due to auto stock backup.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Fed
Commerce Department
Reagan
Mount Pleasant bank repos may fall to losers in court
FDIC says it will seek a court ruling that holders of repurchase agreements tied to the defunct Mount Pleasant Bank and Trust Co have no special claim to the bank’s assets. The Aug. 7 closure and Aug. 8 sale left repos unassumed by Hawkeye Bancorporation, risking losses for customers with repos.
MENTIONED IN THIS ARTICLE
Mount Pleasant
UPI
Mount Pleasant Bank and Trust Co
Federal Deposit Insurance Corp
Carrol Schifflett
Henry County
Hawkeye Bancorporation
First National Bank
Humboldt
Hawkeye
Mount Pleasant Bank
FDIC
New Joint Venture Promises 25 Jobs in Stockton Iowa
A West German firm partners with Superior Manufacturing Co. of Stockton in a joint venture that could create 25 local jobs. The Iowa Development Commission aided arrangements and officials will unveil details at a State Capitol news conference with President Robert Richardson and Lt. Gov. Terry Branstad.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Stockton
Superior Manufacturing Co
Iowa Development Commission
Robert Richardson
Terry Branstad
State Capitol
Late surge boosts stocks again in New York trading
The Dow rose to 930.46 in a late buying push lifting the index to a 13 month high as investors priced in Federal Reserve tightening steps. NYSE volume eased though the tape showed gains in IBM BankAmerica Chase Manhattan and J P Morgan with Bendix and Martin Marietta advancing amid takeover talk CBS fell on news of scrapping a cable program.
MENTIONED IN THIS ARTICLE
New York
UPI
HLF. Ahmanson
Dow Jones
New York Stock Exchange
Standard & Poor
BankAmerica
Chase Manhattan
J.P. Morgan
Citicorp
Life UnderwritersHolds Cedar Rapids Talk By Klauber
William Klauber president of the Life Underwriter Training Council will speak at the Cedar Rapids Association of Life Underwriters meeting Friday at 11 45 a m. The Roosevelt Quality Inn hosts the event where he will discuss the council work.
MENTIONED IN THIS ARTICLE
William Klauber
Washington
Life Underwriter Training Council
Cedar Rapids Association of Life Underwriters
Roosevelt Quality Inn
Training Council
Kroger Opens In-store Finance Center in Ohio
GROVE CITY Ohio AP Kroger Co opens first in-store Finance Center offering investments and life and auto insurance policies inside its Grove City store. Capital officials say initial interest is modest but may expand to 10 to 15 more Kroger stores nationwide with mutual funds and insurance services.
MENTIONED IN THIS ARTICLE
Grove City
Ohio
Kroger Co
Safeway Stores Inc
Kroger Finan
Lyle Everingham
Kroger
Cincinnati
Columbus
Louisville, Ky
U.S
Richard Bere
Wil
Capital
Vanguard Group of Investment Cos
Valley Forge
Jim Bolling
Scott Peterson
Kroger and Capital
Iowa S&Ls Face Closures or Mergers by 1983 End
Andrew Carron of the Brookings Institution told Iowa S&L officials that about one in five Iowa savings and loan institutions could close or be forced to merge by the end of 1983. He noted that declining interest rates will not fix the sector’s problems, and his model predicts about 12 Iowa thrifts may need to be merged within 16 months.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Lowa Savings and Loan
Lowa S&ls
Andrew Carron
Brookings Institute
Carron
S&ls
Iowa Savings and Loan League
S&l
Iowa
Payless Cashways posts strong Q3 1982 results
Payless Cashways Inc reports third quarter 1982 unaudited results with net sales and other income at 173 million and 6.9 million net income. Earnings per share rise to 57 cents from 41 cents year earlier as income up 35.8 million year over year. AT&T reports higher net income for the quarter though earnings per share slip to 2.27 from 2.30. Return on equity also drops to 13.3 percent from 14 percent amid more shares outstanding.
MENTIONED IN THIS ARTICLE
Chemical
Bankers Trust
Minnesota Mining & Manufacturing
Madison Fund
American Telephone & Telegraph
Ma Bell
Bendix
Martin Marietta
United Technologies
Kansas City
Payless Cashways Inc
NEW York
UPI
American Telephone & Telegraph Corp
At&t
USA Today Debuts as National Newspaper in Bid for Market
USA Today rolled off presses in Washington in pre-dawn hours and hit streets amid a reported opening-day sellout in Washington and Baltimore. Gannett plans nationwide expansion with sale in 15 market clusters by early next year and aims for profitability within three to five years.
MENTIONED IN THIS ARTICLE
Washington
UPI
USA Today
Baltimore
United States
Gannett
Soo offers to buy 650 miles of Rock Island lines
Soo Line proposes to acquire about 650 miles of Rock Island main line from Northfield Minnesota to Kansas City and 200 miles across northern Iowa, plus 45 miles Dows Forest City and 12 miles Carlisle Indianola. Board approval came last week. ICC clearance would be required.
MENTIONED IN THIS ARTICLE
Minneapolis
Rock Island Lines
Kansas City
Soo Board
Chicago, Rock Island and Pacific Railroad Co
Rock Island
The
Soo
Northfield
Minn
Iowa
Iowa Falls
Rake
Dows
Forest City
Carlisle
Indianola
Interstate Commerce Commission
Spending on health seen increasing with aging population
New York report projects healthrelated spending by Americans 55 plus rising from 3 billion in 1982 to 6 to 8 billion by 1992 driven by 20 million more seniors by 2010 and higher per capita spending in the 55 64 group while the 65 plus group spends less per person but holds discretionary income.
MENTIONED IN THIS ARTICLE
New York
UPI
Find-Svp
Also Mentioned on This Page
Cadillac Fleetwood Brougham
Cedar Rapids Area
Allen Motor Co
First Ave
Federal Reserve
IBM
CBS
Klauber
Thomas Beckley
Manchester
Fhe
Theast
Ebby
1St Avenue S.E
Coe College
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