Hewlett Packard approves $200 million more for stock buybacks
Hewlett Packard Co. directors authorize an additional $200 million for open market repurchases under the ongoing 1983 program. Since fiscal 1986 began, HP has bought back 34 million shares for over $1.7 billion, with no time limit set for purchases. Clair J. Lensing of Farmers State Bank in Marion will end his Iowa Bankers Association presidency Tuesday, to be succeeded by Donald E. Snyder of Manufactuers Bank and Trust Co. Forest City. Thomas R. Smith of Brenton Bank and Trust Co. Marshalltown will be president elect. Two Eastern Iowa bankers begin second-year terms on the Banks of Iowa board: Daniel Doyle and Holmes Foster.
MENTIONED IN THIS ARTICLE
Clair J. Lensing
Farmers State Bank
Marion
Iowa Bankers Association
Donald E. Snyder
Manufactuers Bank and Trust Co
Forest City
Thomas R. Smith
Brenton Bank and Trust Co
Marshalltown
Iowa
AEON, Agro Exports ink affiliation deal for exclusive markets
AEON International Corp of Marion announced an affiliation with Agro Exports Ltd of Herefordshire England. Agro has bought an undisclosed stock amount and secured an exclusive marketing agreement for AEON product lines in specified regions. AEON has operated as a certified export trading company with Marion offices since 1984.
MENTIONED IN THIS ARTICLE
Aeon International Corp
Marion
Agro Exports Ltd
Herefordshire
England
AEON
Agro
Air Midwest Starts Cedar Rapids Service as Braniff Express
Beginning Thursday Air Midwest began Cedar Rapids service branded Braniff Express. Cedar Rapids gains direct flights to Braniff's Kansas City hub with one stop check in for Braniff connections.
MENTIONED IN THIS ARTICLE
Air Midwest
Cedar Rapids
Braniff Express
Braniff
Kansas City
Cellular 911 access offered in Cedar Rapids
Centel announced with the Cedar Rapids Police that free access to the 911 emergency system is now available for its customers in Cedar Rapids. Users can report fires accidents drunk drivers or other emergencies by calling 911 through Centel.
MENTIONED IN THIS ARTICLE
Center Cellular Co
Cedar Rapids
Strikers to vote on Armstrong Tire settlement
Des Moines workers at the Armstrong Tire Co factory will vote today on a tentative settlement after a month-long strike. Local 164 United Rubber Workers secretary Frank Chance said the vote will be at the 4-H building on the Iowa State Fairgrounds. Terms are not disclosed. The strike began August 8 after a rejected raise and fringe-benefit proposal. Other Armstrong plants' workers vote to stay on the job.
MENTIONED IN THIS ARTICLE
Armstrong Tire Co
Des Moines
Frank Chance
United Rubber Workers
Iowa State Fairgrounds
Armstrong
Brady sworn in as 68th Treasury secretary at White House
Nicolas F. Brady was sworn in as the United States 68th secretary of the Treasury in the Roosevelt Room with his wife Kitty at his side. He pledged to aggressively pursue Reagan era economic policies, in a ceremony officiated by retired Justice Warren E. Burger.
MENTIONED IN THIS ARTICLE
Nicolas F. Brady
Secretary of the Treasury
Kitty
Roosevelt
White House
Brady
Supreme Court
Warren E. Burger
Italy Tops Substandard Exports to China in First Half
A Chinese official cited by the State Administration for Import and Export Commodities said 37.5 percent of 584 Italian products failed to meet contract standards in quality or quantity in the first half of the year. The United States ranked second with 30.87 percent, 517 of 1,675 shipments, deemed poor.
MENTIONED IN THIS ARTICLE
Italy
United States
China
State Administration For Inspection
Gold prices drop to 18 month low amid heavy selling
Gold tumbled nearly seven dollars a troy ounce to about 411.75 by 4 p.m. EDT, the lowest in 18 months, as inflation signs cooled and selling intensified. Analysts cited big sell orders from the Middle East and Australia and one trader predicting a fall toward 400.
MENTIONED IN THIS ARTICLE
New York
Republican National Bank
Steven Pepper
Republic National Bank
United States
Michael Kramer
MTB Banking Corp
Lawrence Schoen
Midland Montagu Metals
Schoen
Treasury
Middle East
Australia
Soviet Union
London
Zurich
Hong Kong
Commodity Exchange
Inventory gain at 11 month low in July
July inventories rose 0.3 percent to 733.7 billion, the slowest 11 month gain. Sales fell 0.2 percent to 487.7 billion, marking the first drop since November after a June surge, while the inventory to sales ratio stayed at 1.50.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
James Annable
First National Bank of Chicago
Kathleen Cooper
Security Pacific National Bank
Los Angeles
Former Intelsat Official Pleads Guilty in $4.8 Million Scheme
Jose L. Alegrett, once deputy director general of Intelsat, pleaded guilty to conspiracy to defraud the organization of $4.8 million. Judge Gesell set December 5 for sentencing. Alegrett faces up to 10 years in prison and a $250,000 fine.
MENTIONED IN THIS ARTICLE
Washington
Intelsat
U.S
Gerhard A. Gesell
Jose L. Alegrett
International Telecommunications Satellite Organization
Alegrett
Richard R. Colino
Cambridge and Associates expand outplacement and TEMPositions
Cambridge and Associates forms Iowa Outplacement Division in March to aid terminated workers and expand medical placements. TEMPositions employs about 450 with industrial and clerical divisions split evenly, placing temporary staff from two days to over a year. The firms remain Cedar Rapids centered with nationwide ties and a philosophy of hiring specialists in the placing field.
MENTIONED IN THIS ARTICLE
Cambridge and Associates
Iowa
Cambridge
Cambridge Tempositions
Tempositions
Cedar Rapids
TEM
Market gains lift Raytheon and Rockwell amid triple witching hour
The Dow rose 5.87 to 2098.15 as the triple witching hour drew activity in index futures and options. Rockwell International jumped 14 percent to 21.00 and Raytheon advanced 1 percent to 69.54, with Exxon, General Electric, and AT&T among actively traded blue chips. Reebok slumped 14 percent to 12.00 after cutting earnings guidance.
MENTIONED IN THIS ARTICLE
Cedar Rapids
New York Stock Exchange
Rockwell International
Raytheon
Exxon
General Electric
American Telephone & Telegraph
Ford Motor
Time Inc
New York
Thrift bailout costs rise as Congress poised for more funds
GAO director Frederick D. Wolf declares bailouts of insolvent S&Ls will cost 45 to 50 billion dollars, higher than May estimates of 26 to 36 billion. Private analysts predict 80 billion or more. Wolf says FSLIC resources will be inadequate and Congress will need to provide funds. Bank Board revenue projections are viewed as highly optimistic.
MENTIONED IN THIS ARTICLE
Washington
Congress
General Accounting Office
Frederick D. Wolf
Congressional Watchdog Agency
S&ls
Wolf
Federal Home Loan Bank Board
House Banking Committee
Federal Savings and Loan Insurance Corp
S&l
Bank Board
Also Mentioned on This Page
Aeon Affiliation
Gilbert
Hughes Aircraft Co
el Segundo
Calif
Texas-Mexico Gulf Coast
Cambridge and Associates Inc
Cambridge Tempositions Inc
Cedar River Tower
Mike Cambridge
Rockwell
TEM Positions
Associated Press and Gazette
Reebok International
Bert Ely
Alexandria
Sionerson Impl
Conroy, la
Farmers Co-op Grain & Lumber Co
Conroy
Sandersfeld
Tom Sandersfeld
Nerain
Chicago
Board of Trade
Delkers
7Th St
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