Sears Paints Disappointing Picture For Shareholders
Sears Roebuck and Co reported a three month net income of 59 million or 19 cents per share for the period ended April 30, down from 150 million or 47 cents last year, with chairman Edward Telling citing credit restrictions inflation and high interest as key factors. He noted the quarterly dividend would stay at 34 cents per share and projected stormy near term conditions but long term improvement through economic recovery Sears restructuring and merchandising gains.
MENTIONED IN THIS ARTICLE
Kansas City
Sears, Roebuck and Co
Sears
Edward R. Telling
Telling
Federal Reserve Board
Lion
U.S
Louder Voice For Crime Victims In Kansas
Kansas Attorney General Robert Stephan proposes forming a nonprofit citizens organization to promote crime victims rights and support law enforcement. The group would be independent of government, funded via initial and ongoing fundraisers, and could publish a newsletter and influence legislation.
MENTIONED IN THIS ARTICLE
Wichita, Kan
Robert Stephan
Stephan
Wichita
Kansas Bureau of Investigation
Woerman
State of
Kansas
Carlin signs three bills expanding trucking rules and funding KU
Gov. John Carlin signed three new laws in Topeka. A trucking safety and fee bill requires weight inspection at stations and stickers for in-state registrants, with a 500 dollar fine for violations. An appropriations measure funds phase II of Kansas State University engineering, a new medical library at KU Medical Center, and renovations to Flint Hall. A fourth bill adds a 40 dollar drilling permit fee to bolster the Kansas Geological Survey facilities.
MENTIONED IN THIS ARTICLE
Topeka
Kan
John Carlin
Kansas
University of Kansas Medical Center
Kansas State University
Flint
Kansas Geological Survey
Kansas Corporation Commission
Department of Revenue
KSU
Kansas City
Flint Hall
Geological Survey
Survey
High Court Upholds Action Against Iranians
The Supreme Court refused to halt Carter administration measures targeting Iranian students in the United States. In an 8-1 decision, justices upheld a federal appeals court ruling that Civiletti acted within authority when ordering all Iranian students to report to the INS by December 31. Deportations could accelerate under the ruling.
MENTIONED IN THIS ARTICLE
High Court
Washington
Supreme Court
United States
President Carter
U.S
Tehran
Benjamin Civiletti
Immigration and Naturalization Service
Las
Civiletti
The
Confederation of Iranian Students
U.S. Circuit Court of Appeals
Quebec Secession Vote Focuses on History and Pocketbook
In Montreal voters prepare for Tuesday’s referendum on Quebec independence led by Rene Levesque. The East End, home to factories and working families, questions the cost of sovereignty while recalling Ottawa pensions and tariff trade. Local residents on Rue Sainte Catherine express skepticism about promises from both sides.
MENTIONED IN THIS ARTICLE
Montreal
Quebec
Canada
Rue Sainte Catherine
Ottawa
Gilles Ferlend
Rene Levesque
St. Catherine Street
St. Lawrence River
East End
Martial law seals Korea as riot police quell protests
In Seoul and Kwangju riot police and troops dispersed student demonstrations under martial law. Several hundred students defied the ban on political activity, with tear gas, arrests at Seoul station and helicopter-backed searches in Kwangju. Political party HQs closed and the assembly barred.
MENTIONED IN THIS ARTICLE
Seoul
South Korea
National Assembly
Kwangju
DRP
Park Chung-hee
Allies Water Down Action Against Iran
In Naples European ministers limit sanctions on Iran to post seizure deals, sparing most of Europe's 3 billion yearly exports and keeping Italy’s 3 billion in Iranian construction work intact. They abandon a full embargo to avoid alienating Tehran moderates amid hostage negotiations.
MENTIONED IN THIS ARTICLE
Iran
Naples
Italy
America
Tehran
U.S
European Economic Community
Europe
West Germany
Abolhassan Bani Sadr
EEC
Also Mentioned on This Page
Neil Woerman
Carlin
Carter
Ferlend
Edouard Trepanier
Levesque
Min Kwam-shik
Progovernment
Democratic Republican Party
New Democratic Party
Wild Woody
Lori Burroughs
Oak Park
S. Main
FSLIC
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