Collins SATCOM 900 System Certified for Boeing 747-400
Rockwell International’s Collins Air Transport Division received certification for the first satellite communications system for commercial aircraft aboard a Boeing 747-400. The SATCOM 900 enables pilots to contact ground stations anywhere, paving the way for deliveries to seven major airlines and the FAA later this month.
MENTIONED IN THIS ARTICLE
Rockwell International Corp
Collins Air Transport Division
Federal Aviation Administration
INB appoints Schmiesing as CEO of INB and Waterloo bank
Erl Schmiesing was elected to the INB board as president and CEO and to The National Bank of Waterloo board as chairman. He will take effective Oct. 1, while R Scott Fenner remains INB chairman and Waterloo vice chairman.
MENTIONED IN THIS ARTICLE
R. Scott Fenner
Iowa National Bankshares Corp
INB
Erl Schmiesing
National Bank of Waterloo
Schmiesing
Fenner
Grandson of Maytag founder dies at 64
Lewis Bud Maytag Jr. former chairman and CEO of National Airlines died at age 64 after a five year cancer battle. Born in Rochester Minnesota he shunned the family business to become a pilot and founder of Maytag Aircraft Corp. At 32 he controlled Frontier Airlines and later acquired National Airlines in 1962.
MENTIONED IN THIS ARTICLE
Lewis
Bud” Maytag Jr
National Airlines
Maytag
Maytag Appliance Co
Rochester
Minn
Maytag Aircraft Corp
Frontier Airlines
Treasury bills mixed in Monday auction results
The Treasury sold 9.2 billion in three month bills at 7.32 percent and 9.2 billion in six month bills at 7.33 percent. The implied yields meet 7.56 percent for three month bills and 7.72 percent for six month bills. The Fed reported one year bill yields rose to 7.77 percent from 7.75 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Iowa immune to recession says Rutgers professor
Rutgers professor Paul Nadler told Cedar Rapids audience Iowa may fare better than coasts if a downturn hits. He cited strong exports, conservative real estate, and lack of overbuilding as reasons Iowa could dodge recession, along with high quality of life and widespread connectivity. University leaders urged focus on undergraduate education and student-centric reforms. Hart predicted a 1990s shift away from price supports toward market determined income, with trade barriers gradually easing yet a decade or more to see full effect.
MENTIONED IN THIS ARTICLE
University of Iowa
Hunter Rawlings
Neil Hart
Iowa State University
Don Canney
Nadler
Iowa
Hart
Signature Group opens Davenport telemarketing facility
Des Moines Signature Group a Montgomery Ward subsidiary opened a state of the art telemarketing facility in Davenport with 125 Quad City area workers. The operation features stations manufactured by TeleDirect International of Davenport with support from the Iowa Product Development Corporation as part of IDED efforts. Signature employs 2000 nationwide in telemarketing centers.
MENTIONED IN THIS ARTICLE
Des Moines
Signature Group
Montgomery Ward and Co
Davenport
Signature
Iowa
Quad City Area
Bob Henningsen
Iowa Department of Economic Development
IDED
National Marketing Bureau
TeleDirect International
Iowa Product Development Corporation
Montgomery Ward
Oil prices and bank woes push stocks to 14 month low
The stock market fell sharply to a 14 month low as rising oil prices and banking industry troubles battered shares. The Dow dropped 59.41 to 2452.97 with 233 up, 1432 down, 326 unchanged. Chase Manhattan slid after a dividend cut and job cuts while crude futures rose to 38.25 a barrel.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iowa
Heartland Express
MCI Communications
Gillette
Quaker Oats
General Mills
Rockwell
United Technologies
Chase Manhattan Corp
Wall Street
New York Mercantile Exchange
Chase Manhattan
NYSE
Toyota Aims to Surpass Chrysler as Third-Largest U.S. Automaker
Toyota executive says the company could overtake Chrysler within five years and plans a new U.S. plant to meet a 1.5 million unit US sales goal by 1995. Toyota projected 1.3 million cars, with 50 percent U.S. production, and eyed a Kentucky plant site beside its Georgetown facility.
MENTIONED IN THIS ARTICLE
Detroit
Toyota Motor Corp
Chrysler Corp
Toyota
Bob McCurry
U.S
McCurry
United States
John McCandless
Chrysler
Georgetown
General Motors Corp
United Motor Manufacturing Inc
Fremont
Calif
Also Mentioned on This Page
New Collins System
Treasury Securities
Hanford
Pierre Cardin
George C. Ford
New York
Omaha
Rawlings
Paul Nadie
Quad Cities
Boeing
General Electric
Philip Morris
International Business Machines
Daily
A.G. Edwards
Ginnie Maes
Ginnie Mae
SIPC
G. Edwards & Sons, Inc
Shore Lee Deal
VW Credit, Inc
Audi of America
Iowa City
Antioch Church of Christ
29Th Avenue
Marion
Steve King
Mda Luky
Millhiser Smith Agency
Jome
Oakland Road
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