Airlines Cut Fares Amid Revenue Pressure and 14-Day Discounts
American Airlines announced further fare reductions and shifted its 21-day advance purchase discounts to 14 days to align with rivals. The move lowers revenue on some tickets but aims to boost traffic. analysts warn weaker carriers could fail. Separate Treasury auctions showed higher short-term rates while grain futures rallied on export hopes amid weather fears. US West reported a 17 percent first quarter profit gain driven by a tax settlement and debt refinancing costs.
MENTIONED IN THIS ARTICLE
New York
American Airlines
American
Tim Smith
Englewood
Colo
US West
Internal Revenue Service
Cedar Rapids
Marion
Iowa
Iowa Airdrops Aid for Ukraine and Russia Agribusiness Centers
A U S Air Force C 5 will airlift initial equipment to establish Iowa sponsored agribusiness centers in Kherson Ukraine and Stavropol Russia. Branstad Chrystal and Stanhope announced the operation with volunteers from Iowa managing field work. Donated medical supplies and local sister city aid accompany the shipment.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines Bureau
Des Moines
Ukraine
Russia
Kherson
Stavropol
Commonwealth of Independent States
Terry Branstad
John Chrystal
Phil Stanhope
Iowa International Development Foundation
Iowa
Branstad
John Brannaman
Nancy Barickman
Mount Vernon
Kherson Agribusiness Center
Jerry Perkins
Stavropol Agri
Cedar Rapids sales fall while Iowa City rise in first quarter 1992
Iowa Association of Realtors reports Cedar Rapids existing home sales down to 435 from 471 in 1991 first quarter, with median price up to 67154 and listings down to 1268. In Iowa City, sales up to 150 from 98, with median price down to 78107 and listings sharply reduced to 202. Statewide totals show 3667 sales and median price 57961. President J R Stradt notes good market but limited aid for first time buyers.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
Iowa Association of Realtors
J.R. Stradt
Bettendorf
Stradt
Iowa corn planting quickens ahead of normal pace
Iowa farmers moved ahead with corn planting reaching 3 percent by week end, above the typical 1 percent. Rain slowed progress after early good conditions, with 1.77 inches total rainfall and topsoil mostly adequate. Oats planting also advanced with 85 percent sown and 20 percent emerged, while seedbed prep for corn and soybeans stood at 65 percent.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Oklahoma
Midwest
Agriculture Department
U.S
China
Board of Trade
Des Moines
Iowa
Dow slides as circuit breakers suspend heavy selling
The Dow Jones average ends 30.19 points lower at 3336.31 amid broad declines and NYSE circuit breakers that curbed computerized selling. Volume reaches 191.95 million shares as major names including Eastman Kodak and Procter & Gamble drop, while Caterpillar and Ford Motor show modest gains.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
NYSE
Dow
Iowa
Eastman Kodak
General Mills
Gillette
Procter & Gamble
Quaker Oats
Raytheon
Wal-Mart
Equitable
Tokyo
U.S
Michael Metz
Oppenheimer & Co. Inc
Gap Inc
Kmart
The
Limited
Sears Roebuck & Co
Jcpenney
Glaxo Holdings
RJR Nabisco
American Express
Bristol-Myers Squibb
Philip Morris
General Motors
Ford Motor Co
Caterpillar
Also Mentioned on This Page
Washington
Treasury
Treasury Department
Federal Reserve
Alliante
Ruedell
Bruce Campbell
Wilfred Wittetoe
Tom Dunn
Crawfordsville
Dubuque
Marshalltown
Gazette Photo
Crystal Estates
32Nd St
Executive Homes
C.R
Mar
Realtors
Brenton
First Ave
N.E
Williams Blvd
S.W
Brentonzi
Center Point Rd
11Th St
FDIC
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