Utilities Board upholds Iowa-Illinois rate increase
The Iowa Utilities Board refused to reopen the electric rate case for Iowa-Illinois Gas and Electric Co. Davenport. A settlement raises a typical 600 kWh monthly bill to 62.53 dollars, up 3.84 dollars or 6.5 percent, with commercial and industrial rates dipping about 4 percent. The company serves 116,556 customers in Iowa.
MENTIONED IN THIS ARTICLE
Iowa Utilities Board
Iowa-Illinois Gas and Electric Co
Davenport
State
TUB
Iowa-Illinois
Iowa
Iowa City
Brokers brace for hectic Monday as Dow falls
Investors pushed sell orders through at many firms while brokers reported generally calm clients. Miami Schwab managers described nonstop calls, with sell orders outpacing buys and a mood of cautious steadiness rather than panic. Dow dips to 3593.35 as volatility keeps traders alert.
MENTIONED IN THIS ARTICLE
Sami Beach
Fla
Daniel Saavedra
Miami
Charles Schwab & Co
Saavedra
Prudential Securities
Miami Beach
Charles Schwab
Jesse Ramlach
Zoo
Patiann Graham Smith
Schwab
Chicago
Swank
Michigan Avenue
Nancy Szymula
Clinton says market will work itself out
President Clinton in Cleveland said interest rates are too high and have caused an overreaction in markets. He predicted rates will fall, insisting the economy remains strong and fundamentals solid, with 458,000 jobs created in March and ongoing growth despite Dow declines.
MENTIONED IN THIS ARTICLE
Leveland
Clinton
Cleveland
Indians
Jacobs Field
Labor Department
United States
NBC Newschannel
Stocks slump to six month low on rising rates
U S stocks fell to a six month low amid rising interest rates and strong job data. The Dow dropped as much as 84 points, finishing down 42.61 to 3593.35, with volume 342.85 million shares. Eastern Iowa stocks mostly fell as several names declined.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Dow
New York Stock Exchange
Iowa
Equitable of
General Electric
General Mills
Interna
TelMex
Ve Industrial
Chrysler
Transport
Merck
Utilities
Finance
Philip Morris
American Stock Exchange
EchoBay
Royal Oak
Novell
Cisco
DOW Jones
Indus
Biotech
Standard & Poor's Indust
Indust
Insurance
Transpt
Telecom
Inds
Ource
Associated Press
Analysis casts doubt on flood impact in Iowa farming taxes
AP reports that average payments from farmers filing tax returns rose about 13 percent this year, despite last year’s record flooding. Dennis Prouty of the Legislative Fiscal Bureau notes overall farm taxes fell due to fewer returns, while disaster programs helped farmers move crops from storage to keep income steady. He warns a potential cash-flow bubble could burst in 1995 as reserves may drop.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
DES Moines
Dennis Prouty
Legislative
Prouty
State Revenue Department
Gazette Stock Market Roundup
The Gazette reports a mixed trading day with gains in technology and healthcare shares while energy and financials dip. Major indices hover near session highs as investors weigh economic data and corporate results.
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Northrop
Grumman
Grumman Corp
Northrop Corp
Martin Marietta Corp
Pentagon
International Brotherhood of Teamsters
Teamster
Washington
Europe
Continental Airlines
American
Delta
Best Buy
Catherine Wilson
Oscar Teitelbaum
George Olson
Insurance Company
Tional Paper
Procter & Gamble
Ralston Purina
Raytheon
Weyerhaeuser
Alfred Goldman
A.G. Edwards & Sons
the Gazette
Guaranty Bank and Trust Co
FDIC
Main Bank
Third Ave
Third St. S.E
42Nd Street
42Nd St. N.E
Cedar Hills
Jacelyn Dr. N.W. Marion
7Th Ave
25Th St
AP Network
News Watch
Kcrg E. IA
KCRG
Lotte
Dean Edell
Kcrg Healthcast
Linn-Mar Marion Independent
Radon Coalition
Daec Line Gazette Recipe Line Gazette
Tel-Us
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Hardee's
ScoreLine
Sports Hawk
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Farley Speedway
Midwest
Gazette Kidsline
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