| Show 'r gswrf(—v'304''St' or'r-- ecto'r e - 1110 Salaries Make --- -- I WASHINGTON (AP) — Wages and salarift paid American workers in private industry rose 42 percent in the last 12 months the biggest jump in 3 years the government said Tuesday in a report that showed increasing inflationary preuures from tight labor markets But the Labor Department's Employlsent Cost Index and other eco- - I II AL sot 10 9 11 Lit ins A2I Al 12 17 ws 4j5e ril 9 1Cf22124 C A0710 9 AS1211 ' ot kin WI AciPs1E1 A00 - 6 of Acme ArEgt Arcue 240 Asirwct mbati Agin 111 Altow Aviat Ation(w Atom 91375 Ara ill 4711671 A Audi s lo AcnCeP AEA01 wit A 0 ic 25e V 32 A911612 A -- WI 31 a 7 -- 185 sty A - ett2 A- - Ac 115 x375 IC 446-- 445 Age 45 7 79 4 67 7 10 131 sc - 315 A -- 00 00 A -- see A -- 966 A sm w sc 263 ic sc 595 A- - -- - -6 - -- 295 Ic 595 sc U! 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Mr Quigley explained Andalex's trading company has agreed to offer it an "umbrella contract" That is the trading company will take—on a take-or-pbasis — 1 million to 15 million tons of coal a year and be responsible for selling it in the Pacific Rim This arrangement will give Andalex "a solid base" on svhich to project its work force and equipment requirements said Mr Quigley However the trading company is interested in taking Kaiparowits coal as early as 1992 he said Mr Quigley said Andalex also has had inquiries from Tai Power in Taiwan for its Kaiparowits coal He said that to fill that company's needs would have to begin mining at Kaiparowits in the early 19906 Mr Shaver said Anda lex selected the mine site for a number of reasons including: — Exploration revealed there are very continuous mineable seams there with excellent mining conditions —The area meets all existing environmental requirements such as re B-- Mr Riley Mr Caldwell gree in banking and finance He has attended and taught at various trust schools and seminars He has had 15 years of trust experience ' 411Z0 4 Rick L Stevenson has been promoted to branch manager of the Bountiful office of Valley Bank & Trust Co Mr Stevenson attended the University of Utah He has had 13 years banking experience and Prijoined Valley Bank in 1986 mary Childreifs Medical Center has named David D Halladay as chairman of its 1989 planned gifts committee The committee advises the hospital on planned giving and estate planning Mr Halladay is vice president and manager of the personal trust division of First SeThe Utah curity Bank of Utah Association of Certified Public Accountants has announced a new slate of officers for the 1989-199- 0 fiscal year The new president is Milton H Thackeray with Reed E and Pew serving as president-elec- t Mark W Stevens as vice president Mary Kay Griffin was elected secC Karren will retay andas Duane treasurer Mr Thackcontinue eray is partner of audit service s in the Salt Lake office of KPMG Peat Marwick where he is also on the 440t H 49 A mil Amu '74 tuwougALI Mr Throndsen -- 4 Mr Whetier governments and major commimications companies Prior to corning to Cellular One Mr Caldwell spent seven years selling to major accounts for Unisys Corp Riley has been promoted to district manager of Vallee Bank Leasing a subsidiary of Valley National Corp Phoenix Ariz Mr Rdey graduated from the Universit of Utah in 1975 with a degree managementfinance He joined Valley Bank in 1984 Kirk D 'Throodsen has been promoted to branch manager of the Fort Union Office of Valley Bank & Trust Co Mr Throndson attended the University of Utah and is a graduate of the National Institute of Banking He joined Valley Bank in 1982:Rex G Wheeler has been hired as vice president and trust department manager of Valley Bank & Trust Co bin Wheeler graduated from Brigham Young University with a bachelors de De-m- ar firms government contractor and the of the governmental committee partner-incharg- e serMr Pew is Centtl)- vices practice iler and chief financial officer for AutoSimulations Inc in Bountiful rights of 1525000 and 1250000 respectively ALPN ET $old its rights to its retail products and medical products software as it focused its resources to become a full translation services provider for multinational custom- ers first-quarte- The company said recent acquisitions of translation service agencies accounted for the 1204 million increase in 1988 revenues over the previous year It said 132 million of the 1988 loss s'as the result of reductions related to the restructuring of ALPNET's Canadian and Swiss subsidiaries which include the write off of goodwill in Canada as well as the carrying value of certain other assets in those Coot 1111 112 1096 ptlY7 (CP twf: eiCr225 - 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4 -- 11 -4 -4 1 32 11 73 - 71 19 44 14 17 31 2 51 V 7 246 15 5 '2 57 7 74 7 ii A's 3 ' lo 45 Al 1 A 11 to 7-- 1 121 Xi 9D 13'2 A' oo -- 4 4 Vs I- 34 Rested -6 - -4 - Recial River B RAref R702A 4 71 kgt4i4 It - 41 PA RAKIK 12 201 12 Jetway Tried To Thwart Sale SA SFS 141 9 Pti Sete 2 Its - to 41t -- 311 roi ' - 71 4 22 31 27 V 13 35 186 V 39 109 S 71'6 11 10 rumors spread ciously of improprieties in financial record keeping to sabotage the sale The buyers allege Jetway's parent: companies bad agreed to sell the company for $1035 million to a' group known as Jetway Acquisition but scuttled the sale at the last moment when they realized they weren't going to make enough of a profit The company employs 550 and manufactures and distributes airline passenger boarding bridges and re-- I bted products and services The civil lawsuit filed in a New York County trial court says the sale was to have been consummated April 15 It fell through when the lenders for the buyers suddenly got jittery after receiving phone calls from a Pittsburgh lawyer hired by the sellers the buyers allege in the lawsuit: The buyers allege the lawyer told the bankers that evidence of "actual or possible misrepresentations- - had been uncovered in the financial re--: cords kept by the Ogden plant and suggested that the lenders not rely on the records in deciding whether to make the loan Up in 1st Quarter BENTON HARBOR Mich CUM — Whirlpool Corp announced Tues- day it earned $407 million or 59 cents a share in the first quarter up from 1371 million or 54 cents 'a share in the same period a year ago Net revenues for the period were $157 billion as against S107 billion in the first quarter of 1988 Whirlpool said Whirlpoos quarterly report for the first time included the financial performance of Whirlpool International a joint venture formed in January with NZ Philips Gloeilampen- fabrieken of the Netherlands for the production and marketing of major appliances in Europe and elsewhere V 67 16 317 11 7 '2 3512 2311 104 2 1431g At '11!''s 72 12 15 1 2 P7 Soomn IQ 5440 Sews St9g4s Semtds SteerS At a Sfer-- m 5102141 $isdir0 Loss 500402 Ape S6 45 46 19 4 I t n 1011 7 12 414 V 111 74 Se 16 37 49 6) I9 64 10 RI 52 15 tk 91 SS U 23 144 20 19 15 174 20 se 00 ii Solocs1 SPWilt Scnt 5114 st do A A 57470 Scrum 50427 4115 SCEd 17d of 106 01114 S'E0 cal 11 01115 41 Swf0o 4 Udartti Sr490 S144 Stown Sy-1- i2 40 4 11 153 12 9 - 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tie401 -24 14 V MI W - As Fuse 73 16 531 246 141 0141 of 11 156 431 517 16 kr01071 01104 841301 1152 1r97 -- 4" -- 42211116 10 7 IA OP At 12 117 121101 ewe WWI 310 3'7 7 Z 1 111 12 1774 5 77 9 1647 VI Vs 1001 Awl w192 31 19 17 16 11 2 IA treltec Awe wI93 17 30 AA 14 11 Ns 307 le arrr21 732 lb 1625 317 a 117 10' 16 727 16'2 Acrurn 135 3'v On Inc V IA re 266 3 inTrir Of 1 2 )17 5 s A Iii 11 112 5 1114 -- 1 1(0(' 41 12 4 79 11 6 56 roars 22 156 21 48 17-re 114 Rome 4 5 IA 20 21913 33553 3 Ruotrel 9eam 2010 7 26 5 3 7314 10e-i-d E 14 157 35 - 10 trv7s 24D SO fit 792 17 M 12- 27 Iverson 157 V - Ai t'retel 5 211 11 V 144 611 140 Mt lb f''2 42 94 4 12 'A 1A46 25 lee 1 7 and related profitability to - maining outside proposed wilder- ness study areas and containing no critical habitat big game and threat ened or endangered species The mine site is near the Wahweap and Burning Hills wilderness study areas However the Bureau of Land Management in 1980 rejected pro1posals to study wilderness character- istics of those areas opening them up to multiple use including mining Utah RepVayne Owens a Demo- - ' crat has included Wahweap and Burning Hills areas in his 51 arre 81M wilderness bill introduced March 16 Utab Rep James V Hansen a Ile:7 publican is sponsoring a 16 million acre BMA wilderness bill that does not include either of these areas n An-dal- es tion agencies in 19138 positions ALP-NE- T as the leading international source for translation services The first quarter financial results and profitability are very encourag-ing: Mr Zirkle said Our centers can now offer language processing services custom development and software on a local level As the market responds we expect our margins American Stock Exchange I 22 37 16 12 203 C4777Ct id - 3 g 911 II Alle -- Ural 6 CoortA 61154 Cowed Zfe 1"9"'71 le 1:369 A 147 13 2446 2 6 111 operations Fred Zirkle ALPNET president said the acquisition of five transla- new function All lending and depository activities isationwide will be handled out of the Midvale office Typically lending and borrowing clients already are customers of the financial services group explained Robert Chamberlain vice president and chief operating officer of IDS Deposit Corp Mr Chamberlain is 1980 business and COMMillijeati0125 graduate of Brigham Young University Prior to joining IDS be was with Gilbraltor Savings & Loan San Diego 411 701 37 0725 (9n71511 C92141 national serve Midvale headquarters for IDS depository corporation an industrial loan corporation which will support IDS Financial Services The depositou services formerly were provided IDS Bank IL Trust Minneapolis which srill remain in Minneapolis with a Bil Wednesday April 26 1989 Andalex Resources Plans Coal Mine 4 -" i ' 11 jI 1 ' ' i I '"1 Fibber Mb ' 0 " ' T Yaw 135 19172 7002 22 945 13 - 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Sinai said -- There is a recession in there somewhere- Others however predicted that inflation would ease as the economy slows to a sustainable pace and that the Federal Reserve then would ease its tight bold on-- credit to help the economy into a soft landing" -I don't think were headed to a recession?' said PaineWebber inc economist Maury Harris --The Fed's 'going to be able to head this thing off at the pass before it gets out of hand?' In other economic news Tuesday: — The government reported that orders to US factories for -- big ticket" durable goods rose a moderate 08 percent in March after two months of big declines reflecting a rebound in orders for transportation equipment Excluding that volatile category orders viere down for the third straight month declining 28 PE yis year — A ''' 72 off p i Cellular One Salt Lake City has named Kristin Relsbick as public relations intern Prior to joining Cellular One Ms Reibbick fid filled an internship with radio station KWIrM in Tucson Ariz She is a junior at the University of Utah seeking a degree in telecommunications Cellular One Salt Lake City has appointed tick Barlow as major accoimts coordinator Prior to his promotion Mr Barlow was an agent representativesenior account executive at Cellular One for nearly two years He has ten years previous experience with General Telephone The company has also named Deray Sud weeks as director of engineering Mr Sudweeks whose duties will include overseeing maintenance and development of the Cellular One phone system worked as a customer service engineer for Xerox prior to joining the company In addition Piper Fisher has been named administrative assistant She will be responsible for coordinating promotions with CO-MOne's marketing director writing Cellular One employee newsletters and other miscellaneous duties Prior to joining Cellular One Ms Fisher was an office cycle" But chief economist Allen Sinai of Boston Co Economic Advisers Inc said be was looking for the next downturn to begin within a year as op '" 1 ' hitermountain Business Tradewinds credit-tighteni- sine 1 The Salt Lake Tribune -- - ' ML ReLsbick er a recession is inevitable or could be averted by slower growth in the record seventh year of the economy's expansion Economist David Wyss of Data Resources Inc noting a number of recent reports that point to a slowdown in economic expansion said he believed growth had eased enough to convince the Federal Reserve Board that further credit tightening would not be needed to fight inflation alWyss said ready done by the Federal Reserve may be enough to postpone a recession for up to two years "It's sort of like death: You can't cure it you can only postpone it Wvu said -- I don't think we've solved the problems of the business b t- - wirtul issued Tuesday conle reports mixed predictions of wheth- I z T Biggest Leap 11'1 312 Years r "'N 1 40 41 -- qs7 -- 7 Am - '14- '1 2 - 1 |
