Show 1 2A Standard-Examin- Saturday er Oct 28 1989 Parkinson likely to lead chamber Olympus Capital Corp announces realignment Business Wire SALT LAKE CITY — Olympus Capital Corp and its wholly owned subsidiary Olympus Bank A Federal Savings Bank announced a management realignment designed to support the bank's decision to the retail banking market The corporation also report an unaudited loss of $19 million for the quarter ended Sept 30 and $128 million for the nine months ended Sept 30 This compares with a net income of $18229 and $1187699 for the same periods in 1988 “Underperforming loans and real estate owned through foreclosure continues to have a negative effect upon operating results” Chairman and President A Blaine Huntsman said In June the bank changed its name from Prudential Federal Savings and Loan to Olympus Bank A Federal Savings Bank “The name change reflects the company’s focus on the er consumer banking needs of our customers” said Huntsman “Now we have revised our organizational structure to focus key members of management on two important areas: first is the administration of loans and other real estate assets second is the development and implementation of a new consumer banking Leaders finalizing deal with county By KATHARINE BIELE Standard Examiner OGDEN — Area leaders are in the final lap of their effort to pull together economic development agencies with only one approval yet to be made official On Oct 19 the Ogden City Council voted unanimously to back consolidation leaving only the county commission to give its nod Commission President Wil- group” R Gibb Marsh has been appointed executive vice president special projects his primary responsibilities will include the liqd real uidation of estate and managing the portfolio of troubled loans and other assets John L Richards has been appointed executive vice president consumer banking and will serve as chief operating officer of the bank His main responsibility will be to build and implement a wide range of profitable consumer financial services and strengthen the bank’s network of five branches in Utah and Montana bank-owne- liam Bailey said Friday however Associated Press Winning the straw vote These sippers are a few examples of the thousands marketed in a growing national fad of adding logos and advertising to the refillable plastic bottle with a drinking straw fitted into its cap The product originated as a handy container for athletes to refresh Thiokol to improve Space Operations facilities OGDEN — Thiokol Corp will spend $309 million to improve its Space Operations facilities in Northern Utah the company announced Friday The money will be used to modify facilities Thiokol uses to manufacture redesigned solid rocket motors built for NASA said Robert Lindstrom senior vice president of Space Operations Thiokol's board of directors approved the expenditure this week The improvements are contingent upon NASA’s concurrence Thiokol's contract to produce space shuttle RSRMs was recently extended through 1996 The improvement project will center on the company’s propellant mixing and casting as well as motor final assembly operations “This investment continues our long-terplant improvement program under which Thiokol has already spent some $250 million” said Lindstrom in a prepared statement “Our goals are not only to improve the space shuttle solid rocket motors while lowering their price — the taxpayer NASA and Thiokol will all benefit” The company also announced that Thiokol m and Royal Ordnance of England have teamed to allow Thiokol to be the first US manufacsolid turer of Royal Ordnance-develope- d rocket propellant and rocket motor case technologies said Luther Johnson vice president of Tactichl Operations Under the agreement Thiokol’s Huntsville Division in Alabama wifi be licensed for the design development and production of smokeless flameless propellant and steel rocket motor cases within the US market strip-laminat- said One of those personalities is Scott Parkinson Ogden’s business development director who likely will take the reins of the new chamber In fact the city council also voted to lend Parkinson to the new chamber through June 30 1990 Mayor L Clifford Goff said the city is prepared to loan him out for a year or longer but could only commit to the budget year now Under the agreement the city would continue to pay Parkinson’s $45000 salary and benefits during that time Bailey said the commission has not scheduled a vote on the consolidation plan But of Parkinson he said “He has brought the pro MABKEHREEOB NYSE trading this week Activity over 2eso time” Goff said the city envisions Richard McConkie taking a more visible role in the business development department while Parkinson is gone McConkie however will concentrate on redevelopment so services will not be duplicated Goff said Finally in committing to the plan the council voted to move the 25th Street Historic Development Co to the chamber The company is certified by the Small Business Administration and is funded through its own profits and from block grants The move would put its $86000 in assets $23000 in profits and the city’s $18000 portion of director George Whiting’s salary under chamber control Goff said James Beardall chairman of the Ogden chamber said organizers have begun drafting bylaws which may be in place by Nov The plan calls for groups both public and private to unite under an umbrella chamber of commerce Those groups include Mission 2000 the Ogden Industrial Development Corp the Weber Economic Development Corp the present Ogden Area Chamber of Commerce and tourism and convention functions within the county 1 Dow Jones range the past 30 trading days NEW YORK (AP) — The following gives the Jones averages for radge of the closing Dow the week ended Oct 27- STOCK AVER First High Low 2662 91 2662 91 2596 72 1236 66 1236 66 1190 43 21535 216 49 21504 101666 1016 66 991 65 Ind N Utah index (Prices as of close Friday) Price Change -- 14 58 Albertson's -53 Am Stores (Skaggs) -423 H Campbell Soup 34 'a Em Elc (Pac Chr ) -’a 28 Cmn Bell (NICE) 42V are in agreement "We feel it’s an excellent plan to proceed on although it takes some time to work out the details There are a lot of personalities involved in a lot of different areas you’re touching on” he that all commissioners gram along this far and I think is probably in a position to know and assess the needs we have and is an excellent choice at this 2800 Ind (Jetwav) IT 8 T (Continental) Key Corp NA 1C Kimberly-Clar- k - 57 26 66' 18 Morton International 33'a 13'b okol Corporation 56 Nucor Steel Corp -- l'a - -- 1 Parker Hann (Ber ) Questar Santa Fe-S- P Smith's Food 8 Drug Union Pacific PacifiCorp VHI (Am Sugar) 25 36 18 NC - 73'8 - 41 - 21 NA Waste Management 62 Westhse (West Zir ) 64 - 'a Trn Utl 65St 30 31' 3 30' 3 31 38 38 BndS Utils IndS 20 2750 92 73 93 83 91 64 92 06 12972 93 15 94 33 92 73 93 83 91 64 93 15 94 33 91 98 12972 128 98 129 NEW YORK (AP) -- The following is a list of the most active stocks based on the dollar volume The total is based on the median price of the stock traded multiplied by the 5! shares traded Name ToKslOOO)Sales(hds) Last 2550 2500 2450 - MTWTF MTWTF MTWTF 18 25 Sapt 2 MTWTF 9 MTWTF MTWTF 16 23 i Oct AP (Chg) WE WANT TO WIPEOUT CANCER IN YOUR LIFETIME AMERCAN r 49 Most active stocks ill 2600 New York Stock Exchange NEW YORK (AP) trading for the week selected issues List includes annual dividend (x) ratio (PE ) shares traded in hundreds (Hds) high for week low for week (Low) closing price Friday (High) (Last) and price change since previous week's close 42 40 37 0 38 991 2700 i( NEW YORK (AP) -- Friday's Mutual Funds Alliance Cap: -- Chg 92 0 39 0 60 0 19 COMMODITYFUTURESINDEX 2650 Mutual Funds Last 2596 72 1190 43 21586 BONDAVERAGES bid asked First Security Iomega Zions Utah Bancorp WestOne AGES s CANCER SOOETY -0 13 |