Markets Close for Nixon Mourning and Home Sales Rise
Major stock markets will close Wednesday as the nation observes a day of mourning for former President Nixon. The NYSE and AMEX held two minutes of silence at noon Monday. Home sales rose 5.7 percent in March to 4.06 million, rebounding from bad weather with gains in all regions except the Northeast. The median price fell 0.9 percent to $84,600 from a year earlier.
MENTIONED IN THIS ARTICLE
Nixon
New York Stock Exchange
American Stock Exchange
National Association of Realtors
Northeast
Midwest
EchoBay
DOW Jones
Amex
Biotech
Computer
Standard & Poor’s Financ
Low Close Clig. Indust
Indust List
Insurance
Transet
Telecom
Utilities
Transport
Finance
Wilshire Associates
Associated Press
New York
American
Richard Nixon
U.S
Clinton
Short-term T-bill rates rise on Treasury auctions
Treasury sold 11.4 billion in three month bills at 3.85 percent and 11.4 billion in six month bills at 4.25 percent, both up from prior readings. The Fed noted one year bill yields climbed to 4.90 percent, from 4.70 percent, as markets anticipated changes in adjustable rate mortgages. Talks between Teamsters and trucking firms under federal mediation showed no breakthroughs but were described as constructive. Lockheed Aeronautical Systems will not hire cigarette smokers, citing higher long term costs and a cited study linking smoking to cardiac patients.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Lockheed Aeronautical Systems Co
Doug Oliver
Marietta-based
Lockheed Corp
Lockheed
Cedar Rapids firm Hach Brothers sold to Dean Nims
The 75 year old Hach Brothers Company Inc. at 401 First St SE Cedar Rapids changes hands to Des Moines entrepreneur Dean Nims who also owns The Paper Corp. Terms were not disclosed and the sale takes effect Sunday. Existing staff will stay and a new building is planned within six to nine months.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Nims
Hach Brothers Inc
Tom Nusbaum
Collins Road
Nusbaum
Islander-Steindler Paper Co
Quad Cities
Hach Brothers
Hach
Marjorie
Bob Jr
Hachs
Robert Hach Jr
Gerstner Sets Optimistic IBM Profit Target for 1994
IBM Chairman Louis Gerstner Jr told about 600 shareholders that IBM expects to be profitable in 1994 barring the unforeseen. He defended past leadership decisions and outlined cost cutting, while noting ongoing concerns over morale, customer service, and workload after layoffs.
MENTIONED IN THIS ARTICLE
Toronto
IBM
Louis Gerstner Jr
Gerstner
Tampa
New York Stock Exchange
Loral
Earnings Send Dow Higher After Strong Reports
Stocks rallied as investors shifted focus to first quarter earnings. The Dow jumped 57.10 points to 3705.78 as 22 Eastern Iowa stocks rose, led by Deere 2 percent, International Paper and Eastman Kodak up modestly. A two minute silence was held for former President Nixon amid a national day of mourning declared by President Clinton.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
Deere & Co
International Paper
Eastman Kodak
Hon Industries
Noland
Also Mentioned on This Page
Catherine Kaliniak
Trucking Management Inc
George C. Ford
Robert Hach
Guaranty Bank and Trust Co
the Local Good Bank
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
HAL
Dow
The
NYSE
Irene Konecny
the Gazette
Longbranch
P.O
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