Private Iowa banks face possible state regulation after Bloomfield failure
Following the Bloomfield Exchange Bank collapse, lawmakers and bankers discuss private banks in Iowa potentially seeking state supervision. Lone Rock Bank owner’s representatives began talks with the Iowa Banking Department as critics urge audits and tighter oversight, while other private banks stress their sound finances.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette Des Moine- Sureau
DES Moines
Iowa
Bloomfield
Lone Rock Bank
Kossuth County
Iowa Banking Department
Arthur Davis
Bank of Brooks
Corning
Farmers and Miners Bank
Lucas
Exchange Bank
Tom Huston
Davis
Eli Asher
Massachusetts
Asher
Banking Department
Howard Hall
Randy Steig
The
Iowa Bankers Association
Bloomfield Bank
James Heaton
Heaton
Univar plans to spin off Penick and Great Western
Univar Corp moves to create a new company by separating Penick & Ford and Great Western Malting. The distribution to Univar shareholders would be one new share for every two Univar shares, with the Seattle based entity led by Univar executives and retaining Penick management. The plan awaits lender approval and IRS non tax ruling with March 1 1984 target for distribution.
MENTIONED IN THIS ARTICLE
Univar
Penick
Great Western
Gazelle
Penick & Ford Ltd
Univar Corp
Cedar Rapids
G.M
Andy” Anderson
Seattle
Great Western Malting Co
Consol
Univar Common
Stuart Rogers
the Gazette
Anderson
Rogers
James H. Wiborg
Wiborg
Penick & Ford
IRS
Ford
Industrial output rises but trade deficit widens in Q2
The Commerce Department reports a record 9.7 billion deficit for April to June, revised first-quarter deficit to 3.6 billion. August industrial output up 0.9 percent as utilities boost, while business equipment gains fade amid a AT&T strike. Exports slip as the dollar remains strong.
MENTIONED IN THIS ARTICLE
Commerce Department
Federal Reserve Board
Jack Lavery
Merrill Lynch & Co
Robert Ortner
American Telephone & Telegraph Co
Federal Reserve
Ucts
U.S
Malcolm Baldrige
Ortner
Dow Dives as Money Supply Fears Drag Markets
The Dow Jones Industrial Average fell 14.43 to 1215.04, its steepest drop in five weeks, as traders anticipated a Fed money supply report that could boost monetary growth and curb credit policy hopes. Major auto and retail stocks slipped. Dr Pepper rose on merger talks.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Federal Reserve
Fed
General Motors
Ford Motors Y
Chrysler
Kmart
J.C. Penney
Associated Dry Goods
Federated Department
Woolworth
Metals
Alcoa
Asarco
DuPont
Dow Chemical
Union Carbide
Dr Pepper
Ogden Corp
Ogden Marine
Baldwin United
MGIC
Exchange
Standard & Poor
S&p
Jobless benefit claims dip to lowest in a month
Washington AP reports about 409,000 Americans filed first time unemployment claims for the week ended Sept 3, the lowest weekly total since early August. The figures show a decline of 5,000 from the prior week, with ongoing claims around 3.056 million in the week ended Aug 27, signaling continued layoffs despite a gradual economic recovery.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Ward
U.S
OPEC
Vienna
Austria
Conference Board
Washington
Labor Department
Manville to Sell Canadian Asbestos Mines in $117.4 Million Deal
A federal judge approved Manville Corp. to divest Johns Manville Canada Inc. and Johns Manville Amiante Corp. to a managers group for 117.4 million Canadian dollars. J Tylee Wilson of R J Reynolds named next CEO of Reynolds Industries on Oct. 1, succeeding J Paul Sticht.
MENTIONED IN THIS ARTICLE
New York
Manville Corp
Johns-Manville Canada Inc
Johns-Manville Amiante Corp
Winston-Salem, N.C
J. Tylee Wilson
R.J. Reynolds Industries Inc
Wilson
Reynolds
J. Paul Sticht
Toledo man Wolfram sentenced for stock fraud
Edward P. Wolfram, a former Bell and Beckwith official, received a 25 year minimum security prison sentence in U S District Court. He is ordered to report by September 30 to the federal penitentiary at Tallahassee Florida with final assignment decisions made by federal prison officials.
MENTIONED IN THIS ARTICLE
Toledo, Ohio
Edward P. Wolfram
Bell and Beckwith
U.S. District Court
Eglin Afb
Florida
Wolfram
Tallahassee
Fla
Also Mentioned on This Page
Peter Burchette
Nan Burchette Cameron
Huston
Burchettes
Davis County
Department
Hall
House Commerce Committee
Ned Chiodo
D-Des Moines
Senate
George Kinley
Chiodo
Kinley
First Avenue
Chrysler-Plymouth
First Ave. SE
By Gary Peterson
Naan
Associated Press
John Robertson
Tipton, Monticello and
Anamosa
Tipton
Tipton Golf and Country Club
Monticello
Delfino
Fawn Creek Country Club
Eada
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