AZL Turns Focus From Ranch to Energy Under Strong Plan
AZL Resources shifts away from cattle and resort operations toward energy exploration through the International Energy Development Corp. Maurice Strong leads the venture. AZL owns 21 percent. The move funds oil and mineral rights, expands drilling across global sites, and aims for higher future earnings despite current asset sales and debt reduction.
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New York
AZL Resources
Wall Street
AZL
Khashoggi
Middle East
Maurice Strong
Strong
New York City
Colorado
Nevada
Volvo
Kuwait Petroleum Corp
Sulpetro
London
United States
Kuwait Petroleum Corporation
Williston
Montana
North Dakota
Solar Petroleum
Stocks slide to 16 month low as Granville warns Monday
New York markets closed sharply lower as investors faced the 16 month low amid doubt on Reagan budget cuts and Granville’s forecast of a worst day ahead. Dow fell 11.13 to 824.01, NYSE index down 1.46, NASDAQ at 175.12. Heavy volume and widespread declines dominated the session.
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NEW York
UPI
Reagan
Joseph E. Granville
New York Stock Exchange
Dow
NYSE
U.S
Winnebago plans world fair village
Winnebago Village a community of over 600 motorhomes and travel trailers will be set up to house visitors for the 1982 World's Fair in Knox ville Tennessee The fair runs May 1 to October 31 1982 and the site lies about ten minutes from the fairgrounds
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Forest City
Winnebago Village
Knoxville
Tenn
Money supply rises as Fed policy seen steady
UPI reports M1B money supply increased by about $1 billion in the week ended Sept 16, with economists signaling the Fed will hold steady and not tighten or ease markedly. M1A rose to $360.9 billion, M1B to $433.7 billion, while Treasury prices moved modestly.
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New York
UPI
Federal Reserve
Fed
David Jones
Aubrey G. Lanston & Co
William Sullivan Jr
Bank of New York
Jones
AZL Buys Hawk Bilt Co. Vinton by Farmhand Subsidiary
AZL through Farmhand Inc. of Hopkins Minnesota purchased Hawk Bilt Co. of Vinton on July 31 from Chromalloy American Corp. Farmhand plans on ongoing product, distribution and production integration decisions. Farmhand operates Grinnell plant making grinder mixers and other equipment and a Waterloo Farmstead plant producing livestock housing.
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AZL
Farmhand Inc
Hopkins, Minn
Hawk Bilt Co
Vinton
Hawk Bilt
Chromalloy American Corp
Farmhand
Agriculture Group
Hawk Bill
Grinnell
Waterloo
Life Investors hearing moved to Hoover Building room
Des Moines IA Friday the state insurance commissioner announced a change of venue for the October 1 hearing on the Life Investors takeover. The session will be in the Hoover state office building A level conference room at 10 a.m. and will now address AGO Holding N V's control of Life Investors and any required reports.
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Des Moines
Iown Insurance
Life Investors of
Cedar Rapids
Hoover State Office
Lucas Building
AGO Holding N.V
Cedar
Ford recalls 1981 Mustang and Capri over transmission leak
Ford Motor Co recalls 1,369 1981 Ford Mustangs and Mercury Capris for possible transmission fluid leaks. Ford will pay for repairs and reimburse owners who have already paid. The issue is caused by overly long drive shafts that can damage a transmission seal.
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Detroit
UPI
Ford Motor Co
Ford
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