The Wichita Eagle from Wichita, Kansas • 10

THE WICHITA EAGLE-BEACON Monday March 28 1983 Another Instant ea to Hit Market Shelves Lew Townsend Aviation Notes Advertising Marketing of the market but the firm will eventually do something to Improve its new property Hence the move into instant Instant teas and ice tea mixes combined now account for 44 percent of the overall tea market estimated at $820 million in 1982 Thomas Lipton Inc and Nestle Co with its Nestea are the dominant brands With its acquisitions PAG has indeed become a beverages concern also seltyng Folgert coffee Orange Crush and Hires root beer in addition to Citrus Hill a test-market frozen and chilled orange juice Chicago Tribune Move over Lipton and Nestea here comes Procter A Gamble with an instant version of its Tender Leaf Tea That instant Tender Leaf brand will hit test markets this summer probably June or July sources report (Procter) come up with a darn good says a source close to the Cincinnati-based firm Procter acquired Tender Leaf from Nabisco Brands last year Tender Leaf was a low-volume business probably $15 million in annual sales with a marginal bottom line at the time of acquisition It has only been available in tea bap Sources say Procter is hoping to make Tender Leaf a $100 million plus annual business PAG the diversified foods-detergents-beverages firm (annual sales of $12 billion) has never assumed a caretaker role with any acquisition It might take Procter a while to read the competition and potential Corporation Profit Picture Looks Bright Associated Press NEW YORK The economic recovery may be looking less vigorous than it appeared a few weeks ago but Wall Street analysts say the stage is still set for a strong rebound in corporate profits this year Some economists in the financial community are projecting gains of 25 percent to 30 percent in earnings this year from the depressed levels of 1981 forecast for economic recovery in 1983 is not as robust as previous postwar said Jack Lavery chief economist at Merrill Lynch in a report issued last week on the earnings outlook Nevertheless he said believe the chances of its sustainability well PrM into 1984 are high pointing to corporate profit IN 1983 will be 30 Hclio Makes Comeback The versatile singles ngine Hello a favorite of the lli military and the Central Intelligence Agency for clandestine operations during the Vietnam War is rolling off the production line again in southeast Kansas after a 7-year hiatus The first production version of the resurrected and revamped Helio Courier that can take off and land in less than 600 feet and fly as slow as 30 mph was successfully test-flown Friday at the reopened Helio aircraft manufacturing plant in Pittsburg test pilot said there were no said an elated Clarence Brent 75 engineer for the Hello's new owners and the plant's former longtime chief engineer Brent has worked tirelessly since 1975 when Helio production was halted to breath new life into the basic Helio design Its short-takeoffand-landing or STOL characteristics has long been admired by many in the aviation community James Cox 39 Cessna Aircraft's former agplane sales chief for the eastern half of the United States who was named general manager last year of the renamed Hello Aircraft Ltd indicated the company has orders for about twdozen of the 4- to 6-place Couriers BEING BUILT are two versions called the Model 800 and Model 700 that feature bigger engines than those on earlier models Both can be configured as tri-gear taildragger floatplane or seaplane models according to Cox "The lowest one is a 350 hp turbocharged model the Helio 700 and the other is a 400 hp normally aspirated model the Helio he said Although retail prices are still being worked out with prospective distributors well-equipped airplane would go for around Cox said The company's current work force of about 80 is capable of building two planes per month suspect we will hire another 50 to 60 people" to Increase the production rate to four a month about Cox said And the company whose gradual hiring program to resume Hello production started last October also has built and quietly test-flown a research and development prototype of a new low-wing agplane Cox said production versions will use many of the same parts Including the wing of the Helio 700 and 800 models which are high-wing designs DIDN'T make any on that for a number of reasons No 1 we did not want any pictures of it going around because it was a pretty ugly Cox said A spiffied-up model one suitable for is expected to be certificated by the Federal Aviation Administration by July he added i The relatively new Wichita-based Precision Composites Inc whose management includes Bob Lair Cessna's former longtime senior vice president-marketing who retired late last year designed a new composite piaterials main landing gear structure used on the revamped Helios Cox said It's also designing a new composite materials optional seat for the aircraft 1 General Aircraft Corp which produced Helios in Pittsburg from 1969 to 1975 when production was halted sold the production rights to the aircraft's various designs and all manufacturing assets to New York City investor Alvin Goldhush in 1977 The original models were built in the late 1940s in Massachusetts by the Helio Aircraft Corp Production was moved to Pittsburg in 1955 PS The Kansas Agricultural Aviation Association will host a spray pattern testing clinic for agplane pilots and their aircraft April 12-14 at the David Hewes air strip north of Ingalls in western Kansas between Garden City and Doidge City on US 50 For more information contact Dale Faust Leoti (316) 375-4316 And the Wichita Aeronautical Historical Association and the Kansas Highwinders are planning to host a series of hot air balloon races in the Wichita area starting with an April 31 race from Benton in Butler County Associated Analysts believe defense is one industry that will improve this year Above a bomber undergoing modifications at Rockwell International Leaders ant Output Hike Chinese Start Profit Plan B-1 healthy percent higher than in says Industry Forecast a monthly letter published by the father-son team of Jay Levy and David Levy will continue to rise in That the earnings of a typical corporation would tend to pick up along with the tempo of the economy might seem an obvious point But analysts say there are other factors working to Improve the profit picture Among them Lavery cited improvements in operating efficiency achieved during the recession and the drop in interest rates interest rates have not only eased cost pressures from this he said have been beneficial to corporations Hng to fund their short-term debt in the bond markets and to issue new equity capital thereby Improving their underlying financial strength" IF MONEY is a cheaper commodity now so is oil And the slackening of inflation has also curtailed the growth of businesses' labr costs rising at a double-digit pace as recently as late 1981 unit labor costs were advancing at a minimal 34 percent In the last half of Lavery observed In a period of tumultuous change for the economy experts say the improvement in earnings is likely to be anything but uniform from company to company and industry to Industry in profitability are likely to be much greater than the Levys said Their choices for some of the biggest improvements Include autos defense industries and housing HELPING housing lower interest rates will aid the demand for major appliances furniture and other household durables that generally benefit from a rise in residential building However the typical new dwelling will be smaller than in past years and its furnishings will be less of the enterprises and their workers depend on the results of their operation and management Therefore they will try all means to tap their own The change was initially tested in Shanghai largest city and in Sichuan and Hubei provinces The people's Daily reported recently that seven enterprises in the Manchurian province of Heilongjiang Including a pharmaceutical plant a paper mill and a farm machine plant Increased their incomes 15 percent in a year after adopting the system THE MOTIVE behind this and other changes is to end what the Chinese have called iron rice a job sinecure that lasts for life no matter how poorly the worker performs The new byword has become the under which many workers are now paid according to how well they produce The new system has been most successful in the countryside where fanners can keep and sell whatever they grow beyond a fixed amount contracted with the state New York Times News Service PEKING To encourage productivity by introducing an earnings Incentive the Chinese government has decided to tax all state-owned enterprises on what they produce and split the profits At present the government takes all the profits The change which has been tested in 400 factories and commercial concerns will go into effect this year It puts the burden of profitability on management with the state taking its share in taxes UNDER THE plan announced recently by the ministry of finance large and medium-sized enterprises will pay a tax of 55 percent on their output with the profit now divided between the enterprise and the state Smaller state-run concerns will be taxed on an eight-step scale The People's Daily has described the new system as important measure to ensure stable progressively increased state revenue while bringing into full play the initiative of the The change promises to be one of the most ambitious that the leadership' of Deng Xiaoping has instituted to make Chinese industry more responsible for production and to break down bureaucratic rigidity that has retarded growth State enterprises which were based on the Soviet model previously had to hand over profits if any to the government and then ask for funds This left managers with little Incentive to make money In late 1981 the finance minister Wang Bing-qian acknowledged that 1300 factories operated at a loss totaling $3 billion and he attributed it to waste poor planning and inefficient management UNDER AN experiment started in 1979 up to 6000 state enterprises were allowed to keep part of their profits after they had met their state quotas to upgrade equipment and facilities and to pay bonuses But the government found it hard to set base quotas because the plants operated under different conditions After the taxation approach was tried in 279 factories the journal Economic Management reported: economic benefits Fired Unfairly? Get an Attorney BE OUR GUEST on EAGLE-BEACON NIGHT with the ee said he was terminated in retaliation for filing a First remember that you may already be protected by existing laws The Civil Rights Act and many states' fair-employment laws prohibit employers from discharging employees because of their age race sex religion or national origin Under federal law for instance if you're between 40 and 70 and are replaced by someone younger than you even if he or she is also over 40 you may have a basis for an age discrimination charge: Check with your local Equal Employment Opportunity Commission or State Human Relations Office IF YOU feel you were wronged and want to pursue the matter by all means see a lawyer Gary Dessler is a professor in the School of Business at Florida International University Write to him in care of The Wichita Eagle-Beacon Box 820 Wichita Kan 67201-0820 ployee handbook was an enforceable employment contract with respect to discharge hearings retirement benefits and vacation pay according to the BNA report Courts in seven states Florida Illinois Minnesota Missouri North Dakota South Carolina and Washington have granted limited exceptions to the at-will doctrine for other reasons usually when an employee provides some consideration for his in addition to performing his or her services IN FLORIDA for instance (where the employment-at-will rule is still strictly adhered to) a court found for the plaintiff who had transferred his business to his employer in exchange for lifetime employment but was subsequently fired How then should you proceed once you are discharged? IN 13 states California Connecticut Idaho Louslana Maine Massachusetts Michigan Montana Nebraska New Hampshire North Carolina Oklahoma and Washington courts have taken the position that company manuals or handbooks or even employment interviews may constitute to which an employer is legally bound to adhere In Idaho for instance the state Supreme Court ruled that the em MONDAY MARCH 28 YOUTH AND SENIOR CITIZENS TICKETS (rag $350) NOW Vs PRICE $175 Wichita Wind vs Colorado Flame Gametime 7:30 PM Kansas Coliseum You're fired for no apparent reason and given two weeks pay and two hours to leave the firm You've worked for the firm for almost three years now with consistently good reviews Your job you know was not dissolved instead you were replaced by someone with less seniority and experience and lower pay You ask your supervisor why you were fired and he says he just can't tell you What legal recourse if any do you have? Increasingly the answer depends on the state in which you work according to a new report from the Bureau of National Affairs The United States today is one of the few remaining industrialized countries without federal legislation addressing management's right to dismiss employees at will in only three states Michigan Pennsylvania and Wisconsin has legislation been Introduced that would erode the at-will rule if passed Yet today despite this dearth of laws discharged employees are turning to their state courts for relief and winning their cases IN 26 states Kansas California Connecticut Idaho Illinois Indiana Maryland Massachusetts Michigan Missouri Montana New Hampshire New Jersey New York Op egon Pennsylvania Texas Virginia Washington and West Virginia courts have ruled that there are to the common law doctrine that employ- may be discharged for whatever reason an employer rhppgfg In California for Instance a state court held that an employer may not discharge an employee for refusing to give false testimony before a legislative committee Similarity in Kansas a state court recognized a limited public policy exception to the employment-at-will rule where an employ dent agent 300000 shares voting stock $1 par value tKorporator Edmund Learned Happy Plant Garten Canter Darby George Sandsr resident agent 2300 starts common slock $100 par value corporator George Sander Kansas Now Education 1501 Patkwood Calhy Kkraman reaktsm sgont no slock mccrporalorai Cattw arms Hovancsak Topeka BlubeOi Neks 5233 Fret Dsnlae Banman Emporia DCW Propsrtss Ltd 200 Fast Larry Meeker agant 10000 starts common stock $10 par The Consumer CoaWon tar Haakh 1351 Empona Joan Cole iwdam agant no stack incorporators: Jerry Cola 1351 Empona Floyd Hansen 510 McLean Bind: Paul Vann 0300 12th John Smith 2643 Panlung Court KUtam Forts) 4700 13SC Judy Reno 13S Emporia: Joan Cola in Bryan 1430 Burnt Jamas Hand 105 Summ lawn Cecil EM Srrth 705 MtMton Eisenhower VFW Post No 7146 3103 Ism agant Lcrsnia Hewtana no stock rtotaDais Gudory 1713 Platt Lor-snia Hawtan 2272 Mmnssota PaSCom Enterprises resident agent WkhedaPske-Byron IjOOO ttaras On A stock no par aakie moorpor stars: IWtrsd a Prtakar Roars A bar bo of 230 Byron Lany I WEJ Inc 212 Market Robert BurchAel 313 commonatockno oar 230 i resident agent 503)00 a par value incorporator Paul A I Kansas Oymnaakca Aaaodakon 5IO HydrMc Denrt Brimng lewdant agent no These corporate marts tavt bssn Nsd wh to Sedgwick County Regular of Diods OMcc Plssint Vrtsy Somes 2410 25th LP Nukk reudont sgont 10000 starts common stock II ptr vslut ncorpontors: LP Nukk Baverty NUfc both ol 2411 Rwariawn Johnston snd Com 1021 Doughs Bukhng Juntos Foster mdsnt sgsnt 1000 starts common stock 12 per tthis ncotpormor Jones Foster 1027 Umon QnHf BuMng Bsmrt Inc Colorado Derby Bukkng Ctariss Clna ntidtnt agant lOOJIOO starts common slock no par talus incorporator Ctatat Ctra Conover Forty Restaurant 0021 Conovar mutant agant IOOjOOO starts $10 par uslu corporator Pakick MvM Regal Davatopmant 1420 Vickers KSBIT I Hobart Coins modem agent red aetata 1J atarst common slock 1 par value incorporator Rob-art Coins ot America 200 Douglas Oart Matson rttxSanl igtnt 1000000 starts common data A stock 10! par Mbs incorporator Clark Mahon kkd-Amenca Haakh Camara 120 Market Ctarias Wurth raardsnt agant heaKti care laakkes 1000000 starts common stock $1 par value incorporator Hah Sortntan 700 Fourti Financial Center Parkins Otkca Parti Carl 1 0000 starts common slock $5 lor Ctrl Mar 117 Watson lana Tan Tone 300 Doubts Edmund Learned resi Edward Stephana 3323 3232 Chiton Cart Ran Rainat Skunk Jr 1350 Clap- Free Public Skating after the game All tickets from the postponed game of March 5 will be honored March 28 For further information call 263-1073 Wlwnsay Inc hat changed resident Shwon Cormaway 1547 Fanat to Maredtth Hi 120 SoSnwid Counky Christian Church haartangad lawdant agents tram OrvSta Hnarmwi JrH 047 Fabn-qua to Tom and Counky Chnatan Church 5531 37ki HCA Construction 3421 8 Sense BMaa real-dent agant general eonabucion 1000 aharas oommon stock no par vabt moorpor atom: Warn a Scranton 1915 MacArthur Road Wham a Entwrsta 3325 St Oak RB Brinlaa Travel Systems 12421 Cantrd Francr tat tea-dent agant school tar kavW aganots 10000 stares common stock $20 par vdus ncorporators: Francr Do Bob Out bMh cl 12421 Cat KMW Inc 125 Marital Thomaa a Kkch rntdanl agart 100000 atari oommon alack II par sabs incorporator Thomas Kdch arnmeno Inc ta changed name to Maspotlalnt Tractor 1433 has dunged tt address from Fort Scon to 1903 Mwtwood hat changed raardant agent horn Jwnaa Banwart to Jukus Pow4 Computer Software Design tat changed Ha nama to Computarmutor Inc A-.