FmHA Regs Expand Rural Business Loan Market
John O. Foster state director announces new FmHA rules to simplify selling or assigning guaranteed parts of rural business loans. The rules, effective immediately, allow partial or full transfer to buyers while lender holds collection and servicing duties. Rural areas exclude cities of 50,000 or more. priority given to projects in smaller communities. program budget about 350 million annually for five states plus Puerto Rico and the Virgin Islands.
MENTIONED IN THIS ARTICLE
John O. Foster
Farmers Home Administration
Fmha
Federal Register
Foster
Puerto Rico
Virgin Islands
Emerson Electric first quarter fiscal 1976 earnings rise
Emerson Electric Co reports record first quarter fiscal 1976 earnings per share 0.47 up 11.9 percent from prior year restated 0.42. Net earnings reach 25.826 million, up 12.4 percent from 22.978 million. Net sales total 331.716 million, up 9.1 percent from 304.151 million. Knight cites recovery in many markets.
MENTIONED IN THIS ARTICLE
Emerson Electr
ST. Louis
Emerson Electric Co
Charles F. Knight
Knight
Emerson Sees Growth Through Diversified Product Mix
Emerson explains that its balanced product mix supports ongoing growth and higher margins. Consumer markets are recovering, appliance and tools segments strengthen, and residential housing shows signs of improving demand. Government and international operations also outperform last year. If trends persist, a good year ahead.
MENTIONED IN THIS ARTICLE
Emerson
Mr. Knight
Emerson plans expansion adds five new plants in 1976
Emerson announces a capital expenditure program totaling about 60 million dollars and a target of 58.1. The plan includes five new plants in fiscal 1976 and an agreement in principle to acquire Prince Manufacturing Corporation of Sioux City Iowa, a small maker of power transmission components, with work on the expansion on schedule.
MENTIONED IN THIS ARTICLE
Emerson
Prince
Manufacturing Corporation
Ieeceur Nt
Sioux City
Argest
Jowa
Sixth Graders Learn Economics By Doing Business
In Tacoma Washington sixth graders simulate a mini economy in Jasonville and The Humane Society to learn free enterprise. Students use real money via a grant from the Washington State Council for Economic Education and run banks, stores, and services to study supply and demand inflation and pricing.
MENTIONED IN THIS ARTICLE
Tacoma, Wash
Kent Gibson
Jasonville
the Humane Society
Donald Duck
Jerry Ramsey
Downing
Lynn Anderson
Brookdale
Gibson
Ramsey
Humane Society
Kevin Eliason
Kevin
Washington State Council For Economic Education
Pacific Lutheran University
Lockheed Bribery Fallout May Endanger Federal Loans
U S Comptroller General Elmer Staats says Lockheed's forecasted profits through 1979 may keep the company stable but not enough to liquidate guaranteed bank loans by end of 1978. The report notes concerns that publicity over foreign payoffs could hurt overseas sales while acknowledging earlier admissions of about 22 million dollars in bribes to officials in multiple countries.
MENTIONED IN THIS ARTICLE
Washington
Lockheed Aircraft Corp
U.S
Elmer B. Staats
Congress
Lockheed
Emergency Loan Guarantee Board
Lockheed Air
Staats
Tovern
Rovernme Netherland
Turkey
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Pete) Holtkamp
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