Dow tops 2400 as analysts call for possible pause
The Dow Jones averaged above 2400 in quiet trade, rising 15.20 to a fresh high as analysts note a potential market pause. A Cedar Rapids expert cites signs of diminishing breadth and momentum while other stocks advance on strength in automakers and select big names.
MENTIONED IN THIS ARTICLE
Gazette
Dow Jones Industri
Wall Street
Ave
Halfpap
UAL
General Motors
Ford
Chrysler
NYSE
Standard & Poor
SGP
American Stock Exchange
Dow Jones Century Milestones Through History
The record lists dates and closing values when the Dow Jones Industrial Average surpassed key century marks, including 100 in 1906 and later peaks such as 500, 1000, 1200, 1300, 1400, 1500, 1600, and beyond across years from 1872 to 1988. It combines historic dates like March 12 1956 and February 24 1983 with notable close values.
MENTIONED IN THIS ARTICLE
Dow Jones
GM Again Tops Fortune 500 List of U.S. Industrial Firms
General Motors holds the No. 1 spot on Fortune magazine’s 1986 Fortune 500, with $102.8 billion in sales, followed by Exxon at $69.9 billion. The ranking reflects industry shifts, mergers, and the decline of energy jobs, with 33 newcomers and 43 companies displaced.
MENTIONED IN THIS ARTICLE
General Motors Corp
Fortune Magazine
U.S
America
Exxon Corp
Chevron Corp
Philip Morris Companies Inc
RJR Nabisco Inc
Fortune
General Electric
RCA
Beatrice Cos
Chrysler Corp
Philip Morris
Amoco Corp Rjr Nabisco
Shell Oil Co
Boeing Co
United Technologies Corp
Procter & Gamble Co
Occident
L.B. Foster Co
Pittsburgh
LeFebvre Corp
Cedar Rapids
Iowa
Procter & Gamble
Occidental Petroleum
Rockwell International
Raytheon
Hewlett-Packard
W.R. Grace
Weyerhaeuser
Archer Daniels Midland
General Mills
H.J. Heinz
Quaker Oats
Deere
Navistar International
FMC
Gannett
Kidde
George A. Hormel
Maytag
Wilson Foods
Square D
G. Heileman Brewing
General Cinema
Sheller-Globe
Harnischfeger Industries
Meredith
LB. Foster
Hon Industries
Longview Fibre
United pilots weigh $4.5B buyout of United Airlines
United pilots union offers a $4.5 billion buyout plan for United Airlines predicting improved service and profitability while noting the debt load would risk competitiveness. The Air Line Pilots Association says it could devote $300 million of pension funds, with other employees potentially contributing, to a down payment as UAL reviews the proposal.
MENTIONED IN THIS ARTICLE
Shicawu
Ualine
Sor
United Airlines
United
Richard Ferris
UAL
Air Line Pilots Association
F.C. Dubinsky
United Pilots’ Group
Matt Gonring
Hertz Rent-a-Car
Westin Hotels
Hilton International
Deere cutting white collar work force
Deere & Co officials announced a 5 percent cut in the white-collar workforce, about 600 to 700 jobs, as they consolidate agricultural sales branches and merge administration roles in Waterloo Iowa. East Moline Syracuse and Portland sales offices close July 31. Memphis depot closes November 1.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
Waterloo
Iowa
East Moline
Ill
Syracuse
N.Y
Portland
Ore
Deere
Memphis
Tenn
Miller to acquire Steitzer Lincoln Mercury dealership in Cedar Rapids
Jim Miller buys Steitzer Lincoln Mercury from Paul Steitzer and to run both Cedar Rapids dealerships separately. Terry Smith gains 25 percent stake and becomes vice president and GM of Jim Miller Nissan. Miller will be general manager of the Lincoln Mercury, possession set for May 1, with changes planned but unspecified.
MENTIONED IN THIS ARTICLE
AM Wecesse
Steitzer
Lincoln- Mercury
Cedar Rapids
Jim Miller
Nissan
Miller
the Gazette
Terry Smith
Jim
Lincoln-Mercury
Paul Steitzer
Ron Corey
Indiana
Ford
First Avenue
Chrysler- Plymouth
Overhaul Considered for Postal COD System
The Postal Service board weighs changing cod rules to stop checks instead of money orders. If adopted the postal service would act only as delivery agent, cutting revenue and reducing COD fraud believed to total up to 77 million annually.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
The
Board of Governors
Accorain
Donald D. Dillman
Postal Service Office of Classification and Rate Application
Jack E. Swagerty
C.o.d
Independent Postal Rate Commission
Dillman
Postal Rates Commission
Supreme Court voids Texaco bond decision in Pennzoil case
The Supreme Court 9-0 revived a Texas bond requirement forcing Texaco to post about 11 billion dollars in security for the Pennzoil suit, restoring the larger bond after a lower federal ruling. Pennzoil spokesman Mickey Gentry welcomed the decision as Texaco faces potential Chapter 11 options.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Texaco Inc
Il Corporation
Pennzoil Co
Texaco
Texas
Pennzoil
U.S
Mickey Gentry
James W. Kinnear
Kinnear
New York Stock Exchange
Getty Oil Co
C O M B to close Marion and Davenport stores
Plymouth based discount retailer C O M B will close its Collins Road Square Marion store and its Davenport outlet at the end of April as it shifts focus from retail to cable television and mail order sales.
MENTIONED IN THIS ARTICLE
George G. Fora Gare
C.O.M.B. Co
Plymouth, Minn
Cloutier
C.O.M.E
Minneapolis
Kansas City
Princi
Ally
COMB
C.O.M.B
Bob Hollana
Byers & Happel Real Estate
Collins Road Square
Theodore Delkel
Co.m.b
Cane Ff
Delkel
The
Star
C.om.b
C.0.m.b
Also Mentioned on This Page
Dow
DJIA
David R. Halfpap
Equities
MidAmerica Management
Life Investors
Mar
Ket
U.S. Supreme Court
Kidder, Peabody & Co
Caesar's World
Gencorp
Supermarkets General
Dart Group
Ere
Steitzer Car
Treasury Secur
Treasury Department
Marion
Davenport
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