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Show I 2 'A V f v- V 'i - High Interest Rates Warned on Mergers ' - 11 1- WASHINGTON (APi - An The Salt Lake T nbune Duff Saturday, B19 May a, 1364 Itnirr II utiiniuml lt in creasing number of multimillion-dolla- r 'megamergers" corporate this year is being blamed for driving up interest rates, said a study by the National Council for Low Interest Rates Merger activity during the Iiim lour months of 1984 suggests thare-cordwill be set this year both in the s j Mr. Babinchak Mr. King Mr. Miller Kennecott Announcement Division Advances Trio Donald L. Babinchak has been director of human pointed Mines Division, Continued From Page which owns and operates interstate gas pipelines and an underground reservoir, showed a $245,000 increase in earnings Mr Cash said the increase reflects higher gas sales and transportation revenues Interstate Brick showed a loss of he joined the firm as an associate apre- psychologist. He received a bachelor's in psychology from Marshall University in Huntington, W.Va , and a masters in psychology from the same school He later graduated from Michigan State University with a Ph D in industrial psychology will be responsible for personnel, labor relations, public affairs, communications, safety and security. He will report to Kenneth Vance, general manager Mr. Babinchak's replacement as director of compensation at the Salt Lake Kennecott headquarters office will be L. Craig Miller. He will report to Judd R. Cool, senior vice president human resources, government and public affairs. Mr. Miller will be responsible for the firms benefit programs. Larry M. King has been appointed as manager of organization development and headquarters personnel. He will also report to Mr. Cool Mr. Babinchak has worked at Kennecott's Metal Mining Division headquarters in New York as a senior compensation analyst and at its Nevada Mines Division as a plant industrial relations supervisor. He later served as human resources project manager and in July, 1978, was promoted to the position he just vacated. He received a bachelors degree in political science and a masters degreee in public personnel administration from Utah State Universit- Higher Income Mountain Fuel Reports 14 council sources, safety and security for the Utah Copper Division of Kennecott. Mr. Babinchak. who joined Kennecott as an industrial relations representative in July. 1970, at the Chino number and size of mergers and acquisitions involving U S. aggressor companies. Stephen Brobeck, executive director of the Consumer Federation of America, said Wednesday Brobeck did the study for the 5 Already through April 26 of this year, 32 deals of at least $200 million had been consummated or were near completion. All last year, there were only 42 mergers of this size. In 1984, these 32 deals were worth an estimated $15 billion more than all 42 big mergers in 1983." $298,000 during the quarter compared with a $350,000 loss the same time last year. Officials said the loss, however, companys dropped from significantly because the construction industry rebounded the second half of last year to $266,000 $2,585,000 first-quart- Call to 237-200- 0 place your Want Ad yMr. Miller joined Kennecott as technical aide in June, 1964. He has worked since as a union relations adviser, union relations administrator and in several other personnel positions. Before his recent appointment, Mr. Miller was director of industrial relations and benefits for Kennecott and maintenance superintendent at the Utah Copper divi- SOUMOTBA&K AVS ltd THOOSANCS OfVOUAZS- ((4 - sion mine. He received a bachelor's in economics and a law degree from the University of Utah. He is also a member of the state bar. Mr. King comes to Kennecott from the firms parent organization. The Standard Oil Co. (Ohio), where he has worked in various manage- AUWAV SHAEP Sunshine Mining the third-largedomestic pro-- , ducer 6f newly mined silver, says it will mdve its operations headquarters from Kellogg, Idaho, to Boise. The precious metals company said Wednesday its executive offices will remain in Dallas. But increased ownership in the intermountain region warrants concentration of accounting, data pro- SANYO-'C0BRf- c mvrwn kKMANlYfg? mm 4 TAPgs 2 IcAsaere 4 Special to The Tribune SAN JOSE Businessland Inc., which opened its 31st outlet in Salt Lake City last week, has announced WAAXKkVjS e loowotr cxz. mm. 4AAAk 69 5z" g-ruN- 1 V&P MAAAAMti$ mAAAk I mouAkk folAAAAk es. Msei(e t.v. tm II zimo liemwesf fatiAAkKkV fotAAAk AkK 00 Mflfs caSsctcajs. wTewkiA miMAkk a mm'l l'gW6 miAAAkti 1 1 && umaaakm MMAAkk 4 treieMes ' mtAAAimm BOISE (AP) Co., st I ivea m cessing and operational mine management in Boisdi said G. Michael Boswell, chatrnran and chief executive. V , IKSSBSSgS Businessland Posts Record Revenue Jump for Quarter Mine Headquarters Moving to Boise ncwopve&ev total eus(Kies& sou7jxHtfe$ir,fhfnowce6icwfM6W1oppustTa)t,(j6 LIQUIPATIOM. NO BEASONABte OFP6g. PgflfcGP.' UMITfp QUMTm& Ofl SOMe XTMS ment development, employee appraisal and assessment services positions since April. 1979 That's when record revenues for the quarter ending March 31, noting a 1,000 percent-increaswith $23,763,000 in revenues from the previous years quarter of $2,248,000. Net loss for the quarter was $662,000 or 3 cents per share compared to $398,000 or 11 cents per share the previous year. The companys growth in revenues is attributed to an increase in number of centers and in revenue growth per center as each center matures, David A. Norman, president of Businessland, said. On average, centers which have been open more than three months are profitable on an operating basis. The net loss for the quarter, as planned, is due primarily to the opening of nine new centers and to our continued commitment to planned expansion. Businesslands strong financial position with approximately $39,000,000 in cash and short term investments on March 31, will allow the company to continue its expansion plans to becme a national chain in fiscal 1985 which begins July 1984 with emphasis on revenue growth and profitability. Revenues for the nine months ending March 31 were $59,011,000, an increase of 1,900 percent from revenues of $2,968,000 for the same period a year ago. Net loss for the period was $1,889,000 or 17 cents per sahare compared to net losses of $863,000 pr 25 cents per share for the same period last year !JJ7T CTffle 1$ CPQDUIG TO 40MS ST0Z6O, CAR S3&ZEC, VIDeQ,mCTWld SOWT-4-4 W'4WjWJp!ll 0--Q |