Real estate investors find market a buyers opportunity
Albuquerque based author Jim DuVal told Iowa Realtors in Cedar Rapids that today’s market is favorable for investors yet tough for sellers who cannot adjust pricing or offer financing. He predicts gradual improvement, with lenders adopting new financing tools and a shift toward buyer friendly terms.
MENTIONED IN THIS ARTICLE
Jim DuVal
DuVal
Albuquerque
N.M
Cedar Rapids
Iowa Association of Realtors
Stouffer's
Five Seasons Hotel
Interest confusion collapses stock rally
UPI reports a volatile market as stocks opened strong but pulled back late on profit taking amid rate uncertainty. The Dow slipped 7.18 to 927.61 as bond markets fell after the Fed drained liquidity and rates rose to 10 percent, with volume on the NYSE surging to 113 million shares.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Dow Jones
Federal Reserve
Federal Fund
Fed
Treasury
Standard & Poor’s
Dow
NYSE
Safety agency warns against Starlighter crib hazards
The Consumer Product Safety Commission urged immediate stop use of over 1000 Starlighter cribs by Contemporary Times Inc. due to neck entrapment and fall risks. One 9 month old died from asphyxiation. no safe fix exists. nationwide sales were about $200. Hotline numbers provided for recall information.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Safety Agency
Consumer Product Safety Commission
Contemporary Times Inc
St. Petersburg
Fla
Times Inc
Maryland
Alaska
Hawaii
Puerto Rico
Virgin Islands
Industrial profits near 30 year low in 1981 study
Standard & Poor's 400 Industrial Stock Price Index profits averaged 4.86 percent in 1981, down from 4.92 in 1980. Blitzer projects a 20 percent drop in 1982 after tax profits, with margins improving little in the second half and likely returning only by 1983.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor’s Corp
U.S
S&p
David Blitzer
Sec
Blitzer
Durable goods orders fall 4 percent in August
The Commerce Department reported an 4 percent drop in orders for durable goods in August, the steepest fall in 11 months, with July revised higher at 2.5 percent after a 4 percent rise earlier. Total August orders slipped to 73.4 billion while shipments fell 2.8 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Department
GM recalls 173000 Camaros Firebirds for rear seatbelt repair
General Motors will recall about 173000 1982 Camaros and Firebirds to fit a reinforcement plate on the rear seat belt retractor anchorages. Front anchors are unaffected. No failures have been reported, but a severe crash could pull out the rear anchorage. Repairs are free and owner notices will be sent.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
Oldsmobile Introduces Two New Firenza Wagons for 1983
The 1983 Oldsmobile lineup adds two Firenza station wagons built on a 101.2 inch wheelbase with five seats and 64 cubic feet of cargo space when the rear seat folds. Standard power comes from a four cylinder fuel injected engine, and Allen Motor Co. in Cedar Rapids at 1015 First Ave NE will display the new models starting today.
MENTIONED IN THIS ARTICLE
Oldsmobile
Cedar Rapids
Allen Motor Co
First Ave. NE
Anderson to Buy Sand Firm in Camanche
The City Council schedules a public hearing for October 19 on issuing up to 500000 in industrial revenue bonds for B L Anderson Inc of Cedar Rapids to acquire Acme Sand and Gravel Co. in Camanche. The firm would be renamed Gateway Sand and Gravel with current Acme workers kept on and future hires limited to locals.
MENTIONED IN THIS ARTICLE
Camanche, Iowa
Acme Sand and Gravel Co
B.L. Anderson Inc
Cedar Rapids
Gateway Sand and Gravel
Acme
Anderson
Nixon tape reveals 1971 plan to use Teamsters thugs
A White House recording from 1971 shows President Richard Nixon proposing employing Teamsters Union thugs to confront antiwar protesters, signaling a harsh federal approach toward dissent.
MENTIONED IN THIS ARTICLE
White House
Richard Nixon
Teamsters Union
Also Mentioned on This Page
Nancy Stevens
Sssette
Bendix
Martin Marietta
United Technologies
Allied Corp
Allied
Texaco
Avco
IBM
Federal National Mortgage
Crum & Forster
Xerox
InterNorth
Bucyrus-Erie
National Association of Securities Dealers
General Motors
HFC Thrift
HFC Thrift of
Iowa
2Nd St
S.E
Lowa
Interna
Ithomal Company
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