Rockwell Earnings Slip in Second Quarter 1991
Rockwell International Corp reports a 10 percent drop in net income to 155.2 million for the quarter ended March 31, with earnings per share at 66 cents. Sales total 3.0 billion, down 5 percent, as economic downturn affects automotive components though electronics and aerospace show higher earnings. Brenton Banks Inc posts a 2.47 percent rise in quarter net to 2.47 million due to higher net interest income and acquisitions. Met-Coil Systems reports a 1.8 million third quarter net loss amid high legal costs and expects further losses due to weak orders and ongoing litigation.
MENTIONED IN THIS ARTICLE
Rockwell
Rockwell International Corp
Iowa
el Segundo
Calif
Donald Beall
Beall
Electronics
Aerospace
U.S
Brenton
Brenton Banks Inc
Brenton Bank and Trust Co
Cedar Rapids
Des Moines
Banc Iowa Federal Savings Bank
Estherville
Indianola
Met-Coil
Met-Coil Systems Corp
Dow Jones nears 3000 mark as market surges
The Dow fronted a 53.71 rise to 2986.88 closing near 3000 amid renewed confidence in a recovery. Eastern Iowa stocks led gains with General Mills United Fire Procter & Gamble Banks of Iowa and Eastman Kodak among advancers. Analysts cite rising building permits and improving earnings as signs of an impending turnaround.
MENTIONED IN THIS ARTICLE
Jamey Montgomery Scott
Philadelphia
Iowa
General Mills
United Fire
Procter & Gamble
Banks of Iowa
Penwest
Eastman Kodak
Gillette
W.R. Grace
New York Stock Exchange
First
Albany Corp
Peroni
Iowa economy shows recovery momentum per Drake survey
Rod Boshart reports from Des Moines that Drake University professor Robert Kemp notes Iowa and much of the Midwest have bottomed out. The Mid-America Survey of Business Conditions finds growth in early 1991 with six of nine indicators positive, indicating a slow revival into the second quarter and potential acceleration later in the year.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Iowa
Drake University
Robert Kemp
Kemp
Emp
Nagle calls Soviet grain credit request a great Iowa chance
Rep. Dave Nagle Iowa says the Soviet Union's request for 500 million more agricultural export credits could be a great opportunity for Iowa corn growers Yet White House aides doubt the latest loan and insist any extension would favor wheat and beef over corn Officials note the Soviets have drawn 1 billion in credits and seek another 500 million amid concerns over central government stability and repayment.
MENTIONED IN THIS ARTICLE
David Lynch
Washington
Dave Nagle
Iowa
Soviet Union
Nagle
U.S
White House
Also Mentioned on This Page
Dow Jones
New York
Eugene Peroni
Federal Reserve
Hugh Johnson
Gorbachev
Nfnf Securities Corporation of Iowa
SCI
Second Avenue
Xerox
Xerox Corporation
2Nd Street
Xerox the Document Company
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