Mixed US stocks retreat after rally as drugs boost deals
Stocks ended mixed with the Dow down 1.95 to 3796.22 after a three session rally. Eastern Iowa shares showed 23 advancers, 11 decliners and nine unchanged as American Home Products offered about 8.5 billion to buy American Cyanamid, sending Cyanamid surging before trading halted. New home sales fell 14.1 percent in June, signaling a cooling housing market amid higher rates.
MENTIONED IN THIS ARTICLE
Dow Jones
Iowa
Firstar
International Paper
Quaker Oats
Weyerhaeuser
Reuters Holdings
Pfizer
Upjohn
Warner Lambert
New York
American Home Products Corp
American Cyanamid Co
Merck & Co
Medco Containment Services Inc
Washington
Federal Reserve
Northeast
Midwest
David Lereah
The
Mortgage Bankers Association
Higher interest rates slow Iowa construction in June
In June Linn and Johnson counties show mixed gains and declines as higher mortgage rates dampen activity. Linn contracts total 12.8 million up 28 percent from last year but down from May while Johnson reaches 13.7 million, down sharply from May. Residential and non residential segments shift with public and retail projects noted.
MENTIONED IN THIS ARTICLE
Linn
Johnson Counties
F.W. Dodge
McGraw-Hill Inc
Linn County
Northland Square
Blockbuster Video
North Park Place
Johnson County
Iowa
IES Utilities seeks rate boosts to cover energy efficiency costs
IES Utilities in Cedar Rapids plans an Aug 15 filing with the Iowa Utilities Board for electric and natural gas rate increases averaging 1.2 percent and 2.2 percent respectively to recover costs of the E-PLUS efficiency programs. The company notes prior July 8 filings for a 4.3 percent electric rise covering 325,000 customers.
MENTIONED IN THIS ARTICLE
IES
Cedar Rapids
Iowa Utilities Board
IES Utilities
The
Utilities Board
Tom Petersen
Petersen
Linn County
Homemade debt consolidation guides and cautions
The piece warns that TV pitched debt consolidation loans can be costly high rates drive up total interest. It advises a homemade loan approach using low-rate sources and prioritizing fixed rate mortgages or home equity loans, plus seeking CCCS counseling and locating an office via the toll free number.
MENTIONED IN THIS ARTICLE
CCCS
Susan Bondy
Cedar Rapids
P.O
Iowa
Westdale Mall Adds Three New Eateries
Westdale Mall expands with Floridino's Pizza & Pasta second Iowa location near Westdale Four Cinema owned by Jim Hazelton. Goodie 2 Shoes Gourmet Pastries and Heyn's ice cream join near JCPenney entrance. Great American Cookie Co. opens in center court bringing jumbo cookies and nine flavors.
MENTIONED IN THIS ARTICLE
Westdale Mall
Floridino’s Pizza & Pasta
Winterhaven
Fla
Iowa
Westdale Four
Jim Hazelton
Cedar Rapids
Jcpenney
Heyn
Goodie 2 Shoes
Alan and
Susan Gordon
Richard Swarzentruber
Great American Cookie Co
Atlanta
Westdale
Great American Cookie
What CRP would yield What CRP would yield
Washington-CRP scenarios show leaving the program at 38 million acres raises crop prices modestly by 1999 2000 with corn at 2.35 a bushel soybeans 65 a bushel and wheat 3.15 a bushel. Alternatives include expiring CRP or a 15 million acre enrollment with limited price impact and notable erosion increases. Iowa farmers hold over 2.2 million CRP acres earning about 82.31 per acre annually.
MENTIONED IN THIS ARTICLE
David Lynch Gazette
Washington Reporter
Washington
Keith Collins
House Agriculture Subcommittee
CRP
Collins
Congress
Iowa
Also Mentioned on This Page
Dow
Cnet Pile Sona
Lewis
Linn and Johnson
Commerce Department
FW. Dodge Gazette Graphic
Bondy
House
Alan Bruckbeim
the Gazette
Alan H. Bruckbeim
Bruckbeim
Gazette
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