Stocks rebound as Dow, Nasdaq, S&P rise on bargain buying
Wall Street shares advance with the Dow up 10.81 to 10521.98 Nasdaq +103.99 to 3767.97 and S&P 500 +10.94 to 1430.83. Fiserv up to 55.81, National Computer Systems jumps to 71.87 on Pearson bid, Genencor declines after Friday debut. Ford and Qualcomm unveil Wingcast venture targeting 1 million cars by 2002.
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Standard & Poor
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Fiserv
National Computer Systems
Pearson PLC
Genencor International
Ford Motor Co
Qualcomm Inc
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Qualcomm
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General Motors Corp
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NokiaCorps
At&t Corp
American Stock Exchange
Indus
Standard L Close c Indust
Transpt
Wilshire Associates
Firstar to Acquire All First Union Tennessee Branches
Firstar Bank N A will buy all 41 First Union Corp. branches in Tennessee with about $1.7 billion in deposits and $474 million in loans. The 450 employees will transfer. closing is targeted for Q4 2000. The deal makes Firstar the fourth-largest Nashville market depositor.
MENTIONED IN THIS ARTICLE
Firstar Corp
Firstar Bank
N.A
First Union Corp
Tennessee
Firstar
First Union
Nashville
Plan to close Old River Control could cut Gulf hypoxic zone
The Farm Bureau cites reduced Mississippi River flow and favorable winds as shrinking the Gulf of Mexico hypoxic zone to 1,700 square miles from 7,728 last year. The proposal would divert more river water south of New Orleans via the Atchafalaya to dilute nitrogen runoff. Local shrimpers warn of market impact from smaller shrimp and disrupted migration.
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Farm Bureau
Gulf of Mexico
Louisiana
Mississippi
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Porterfield
Eicher Florist Closing In Iowa City After 52 Years
The Eicher Greenhouse Flower Shop will close its Iowa City location after 52 years as the Sueppel family buys the inventory and renames the Washington Street shop Eicher’s Hawkeye Campus Store. Bud Sueppel says workers may transfer, bringing payroll to 25. The sale marks a long career arc for the Eicher family and a new chapter for the Hawkeye Campus Store. The report also notes Iowa crops advancing, with 99 percent of corn tasseling.
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Carol
Ted Sueppel
Tracey Sueppel Lehman
Eicher
Sueppel
Washington Street
Eicher’s
Coralville
Old Capitol
N. Dodge St
Cedar Rapids
Younkers
Frank Eicher
Fort Myers
Fla
Iowa City
Sueppels
Eicher Florist
Bud Sueppel
Wet conditions vary across Iowa crops in late season
USDA Iowa crop report shows subsoil moisture mostly adequate in the east central district including Linn and Johnson counties, with some wind damage noted. Soybeans are blooming 96 percent with 77 percent pod set while corn tasseling is 99 percent. rain shortages in July persisted for some fields.
MENTIONED IN THIS ARTICLE
Iowa Crops & Weather Report
Jim Fawcett
Iowa State University Extension
Marion
Fawcett
Heartland to Bring 150 Jobs to Sigourney Plant Move
Heartland Handcrafted Homes a division of Heartland Development will move into the former Boise Cascade plant in Sigourney bringing 150 jobs. The project begins around Sept 15 with $1 million in state grants aid to renovate the building and support operations.
Sigourney area tests new road project worth 3 million
Keokuk County undertakes a 3 million road project funded by state and local partners. Laurie Appleger of Sigourney Area Development Corp says the project will restore a long vacant building to viable business use, hoping to keep 1700 residents from leaving the county. Heartland Handcrafted Homes joins as a housing supplier with John McChurch stating pride in joining Sigourney.
MENTIONED IN THIS ARTICLE
Laurie Appleger
Sigourney Area Development Corp
Appleget
Keokuk County
Sigourney
Heartland Handcrafted
Midwest
Heartland
Heartland Development
John McChurch
Cigarette Prices Rise on Anticipated Court Settlement Costs
Major manufacturers including Philip Morris and R J Reynolds raise wholesale prices by 6 cents per pack with expected consumer hikes of 7 to 8 cents as 1999 settlement payments loom. Analysts cite higher costs, inventory reduction, and upcoming settlement raises.
MENTIONED IN THIS ARTICLE
New York
Philip Morris Cos
U.S
Benson & Hedges
Virginia Slims
Philip Morris
Tom Ryan
Winston-Salem
N.C
GPC
Viceroy
David Adelman
Morgan Stanley
Dean Witter
Adelman
FPL Group and Entergy to Form Largest U S Power Utility
FPL Group Inc and Entergy Corp agreed to merge in a 7 billion stock deal to create the nation's largest power utility. The combined holding company will serve 6.3 million retail customers across five southern states and pursue large unregulated wholesale generation and sales. FPL based in Juno Beach Florida and Entergy, New Orleans Louisiana, operate regulated utilities in several southern states.
MENTIONED IN THIS ARTICLE
New Orleans
FPL Group Inc
Entergy Corp
FPL
Entergy
Juno Beach
Fla
Florida Power & Light Co
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