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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 05, 1992
Page
21
Trading was subdued as investors awaited major economic releases. The Dow fell 11.08 points to 3384.32 amid a cautious mood, with 22 stocks rising and 11 down while six held steady.
Monsanto will sell its Fisher Controls unit to Emerson Electric for 1.275 billion dollars. The boards approved the deal, which expands Emersons control and process systems reach while Monsanto sharpens its core operations. Fisher Controls employs about 7,000, with a Marshalltown plant that downsized due to recession. Wall Street welcomed the move for Monsanto but trimmed Emerson stock on potential financing impact.
Tri State Tours advertises casino cruises and events with dates in August and September, offering free drinks and meals, plus trips to Iowa fairs and Mall of America. Other listings include home window installations, Nut mixes, blinds, and local events at Kiwanis and Elks venues.
The House Energy and Commerce Committee approved a bill to boost SEC oversight of 17 500 advisers. It would raise annual fees from 150 to 300 7 000 tied to assets, funding more inspections. The measure also tightens eligibility by barring felons and requires initial-year reviews.
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