Banks of Iowa boosts dividend to 89 cents a share
Banks of Iowa raises quarterly dividend to 89 cents per common share from 25 cents with first payment at the new rate on Sept 14 to shareholders of record Aug 31. The move mirrors Firstar Corp. which Banks of Iowa will merge with. Senate confirms Wendy Gramm for five year term as CFTC chair. Treasury auctions yield record low short term rates. General Dynamics consolidates California defense divisions cutting 1500 to 2000 jobs. Eastern Airlines executives plead innocent to falsifying safety records.
MENTIONED IN THIS ARTICLE
Banks of
Iowa
Firstar Corp
Treasury
Treasury Department
Eastern Airlines
U.S
I. Leo Glasser
Brooklyn
Kennedy International
la Guardia
New York
Hartsfield International Airport
Atlanta
Eastern
Miami
Market falls as Dow drops 93 points amid Gulf crisis fears
The stock market sank on Monday in panic driven by fears of Persian Gulf disruption. The Dow Jones averaged 2 716.34, down 93.31 points 3.32 percent, with 1 530 decliners, 255 advancers, and 255 unchanged on the NYSE. Eastern Iowa stocks such as General Mills Procter & Gamble and Maytag also slid, with volume leaders like Philip Morris dropping 2. In Iowa City Daii Bosworth’s Gene Brawner urged caution, saying prices must become reasonable before reentry.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
U.S
Iowa
Gene Brawner
Daii Bosworth
Iowa City
Wall Street
Wilshire Associates
New York Stock Exchange
Brawner
Kuwait
Amoco
Kerr McGee
Maytag
General Mills
Procter & Gamble
Square D
Quaker Oats
Wal- Mart
Rockwell
United Technologies
Heartland Express
ADM
Eastman Kodak
Raytheon
MidAmerica High Yield Fund Dominates Ratings
MidAmerica High Yield Fund managed by AEGON USA Investment Management in Cedar Rapids holds No. 1 in its category for two years. Portfolio manager David Halfpap notes a strategy of 50 percent investment grade bonds aiding performance. The fund also tops several other surveys including Wall Street Journal, Changing Times and Financial Planning.
MENTIONED IN THIS ARTICLE
MidAmerica
Aegon USA Investment Management Inc
Cedar Rapids
David Halfpap
Lipper Analytical Services
Lipper
Halfpap
MidAmerica High
Wall Street Journal
Changing Times
Financial Planning
MidAmerica Fund
Honda denies entering truck market studies expansion
Honda Motor Co. Ltd. rejects a Ward's Automotive Reports claim that it will enter the truck market and raise U S sales by 50 percent by 1995. The company says it is simply studying a possible future expansion into trucks and currently makes no trucks.
MENTIONED IN THIS ARTICLE
Honda
Detroit
Honda Motor Co. Ltd
U.S
Ward
Markets reel as oil soars on Iraq crisis global tumble
Oil prices hit multi year highs as the Iraq invasion worries drive markets. The dollar slides against major currencies while Japan and Britain see sharp stock declines. WTI September futures rise to 28.05 a barrel, unleaded gasoline and home heating oil spike, bond values fall amid rate cut speculation.
MENTIONED IN THIS ARTICLE
New York
Japan
Britain
New York Mercantile Exchange
West Texas
U.S
Fed
Productivity Edges Up First Time in 18 Months
The United States posted a 1.6 percent annual rise in nonfarm productivity in the April-June quarter, the first gain in 18 months. Hourly labor costs surged 5.6 percent in Q2, signaling inflation pressure alongside uneven growth and a Middle East oil shock concerns.
MENTIONED IN THIS ARTICLE
Washington
David Jones
Aubrey G. Lanston & Co
New York
Middle East
Michael K. Evans
Labor Department
Also Mentioned on This Page
Gramm
Senate
Wendy Lee Gramm
Commodity Futures Trading Commission
Phil Gramm
Texas
General Dynamics
General Dynamics Corp
California
Ralph Hawes
Valley Systems
Pomona
Air Defense Systems
Tribune Media Services
Tnc
UAL
United Airlines
C.R. Mutual Fund
Mid-America
Bondweek
U.S. New & World Report
Barron’s
Business Week
Down Market
Iraq
Tom King
Millhiser Smith Agency
Life
Oakland Road
United Bank
United
FDIC
United Federal Savings Bank OF
First Ave
N.E
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