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Newspaper
Mesa Tribune
Location
Mesa, Arizona, United States of America
Date
May 17, 1994
Page
15
The Agriculture Department will lift quotas on California and Arizona oranges and lemons, saying the limits hurt growers, packers, and consumers. Valencias and lemons quotas have been suspended for three years, while novel orange quotas have been on hold for one year.
About 7,500 United Auto Workers members walked out at Caterpillar Inc. plants in Illinois, the eighth strike since September. The Mossville and East Peoria actions suspended at least 30 workers for various infractions, including balloons with UAW slogans, as union locals sanctioned the walkout despite initial leadership calls to stay on the job.
AT&T on Monday announced a new line of IBM compatible personal computers aimed at home and small office users. The machines use Intel 486 processors and come with a modem and fax capability, plus software for six online services including AT&T EasyLink, America Online, CompuServe, GEnie, The Network, and Prodigy. Retail prices will be set by stores, expected between 1399 and 2299 dollars.
Continental Airlines on Monday announced 1,167 Peanuts Fares this summer, up 292 from current levels. The plan includes a total of 96 additional daily departures as Continental and Continental Express inaugurate service to Richmond Virginia and other cities.
On eve of Fed policy meeting analysts foresee a half-point rise in the federal funds rate from 3.75 percent and a discount rate increase to 3 percent. They predict a quick lift in banks prime lending rate amid ongoing credit tightening, with markets hoping inflation is easing and growth slowing.
Bank One Arizona purchased 58 Great American branches in Arizona plus 1.4 billion dollars in insured deposits and 91 million in assets from the RTC for 49.3 million. The deal makes Bank One the largest Arizona bank with 11.5 billion in assets and 10.8 billion in deposits. RTC will retain about 1.38 billion in non performing assets. total taxpayer cost estimated at 1.18 billion. 36 Fry’s groceries branches expand supermarket banking. Bank One to hire 380 retail staff, with some traditional branches to close or consolidate as systems integrate over six months.
The name will become Bank One Arizona. Great American Savings accounts stay the same initially with future discussions on products. Checks and ATM cards remain usable at no charge. Bank One or Great American branches are open for questions. FDIC details follow on page B8.
Apple Computer introduced four PowerBook 500 notebook models featuring a touch sensitive area under the space bar for cursor control. The new line replaces most earlier PowerBooks with prices cutting older models by up to 27 percent.
The auto market eyes a three tier system with pre owned leases on cream puffs 2 to 3 years old. Ford GM Toyota Mazda offer low mile leases with 1 2 year terms and up to two year warranties. Dealers push leases as consumer demand rises and auto clubs add roadside assistance.
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