Stocks slip with Dow down 23 in quiet trading
Stocks softened as weak overseas markets cooled activity. The Dow fell 23.17 to 8574.85 after a morning dip and mid day rally, with decliners leading gainers two to one on the NYSE in subdued volume of 572.63 million. In Eastern Iowa, 15 stocks rose, 26 fell, one unchanged as Archer Daniels Midland and Procter & Gamble rose while Gillette, Raytheon and United Fire declined. Goss Graphic Systems ratified a new three year labor pact in Reading, Pa, with a 5 percent first year raise and 3 percent increases thereafter. Goss operates Cedar Rapids plant at 4401 Bowling St SW.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Iowa
Archer Daniels Midland
Procter & Gamble
Gillette
Raytheon
United Fire
Goss Graphic Systems
Reading
United Steel Workers of America Local 69-96
Goss
Bowling St
Cedar Rapids
Compea $ Eos Corp
Uel Sa Transport
SM Finance
American Stock Exchange
Netscoe
Intel
DellCotrs
Cisco
Wil
Amex
Ind
Indus
Standard
Wilshire Associates
Tage Lampe Sated
Microsoft seeks dismissal of antitrust lawsuits
Microsoft urged U.S. District Judge Thomas Penfield Jackson to throw out the antitrust cases filed by the Justice Department and 20 states. The filing accuses the government of proposing a “new and inferior operating system” without a bundled Internet browser. A trial remained anticipated for Sept. 8 despite the request.
MENTIONED IN THIS ARTICLE
Microsoft
Justice Department
U.S
Thomas Penfield Jackson
Ford to cut prices 0.3 percent for 1999 model year
Ford Motor Co announces a 0.3 percent price reduction on 1999 models due to supplier and dealer cost cuts with public introductions set for October 1. Treasury yields ease as three and six month bills slide to 4.94 percent, while one year bills average 5.31 percent.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
Rain improves corn and soybeans while hay harvest slows
Iowa farmers report strong corn and soybean conditions with 72 percent and 77 percent rated good to excellent. Corn silked 99 percent and 76 percent in milk stage. soybeans setting pods on 88 percent of acres. Hay harvest slows due to recent rains as alfalfa and clover second cuts advance. Soil moisture and temperatures varied across the state, with weekly rainfall near 1.67 inches.
MENTIONED IN THIS ARTICLE
Sioux City
Burlington
United Fire profits rise despite storm losses
United Fire & Casualty Co of Cedar Rapids reports a $12.6 million quarterly net and $94.4 million in revenue, up from 1997, driven by equity sales financing stock repurchases. Six month figures show $21.5 million earnings and $174.7 million revenue as storm losses and weather claims offset gains.
MENTIONED IN THIS ARTICLE
United Fire
Iowa
Minnesota
South Dakota
Wisconsin
State Fair Opens With Way Too Much Fun in Des Moines
The Iowa State Fair runs Thursday through Aug 23 at the Des Moines fairgrounds. Highlights include a butter eagle sculpture by Duffy Lyon in the John Deere Agriculture Building with a butter cow, plus a herb day and sweet corn feed, all tied to the Weigh Too Much Fun theme.
MENTIONED IN THIS ARTICLE
Fairgrounds
Des Moines
John Deere Agriculture
Hy-Vee
Duffy Lyon
Lyon
Gazette schedules ahead for livestock and fair events
Beginning Wednesday The Gazette publishes schedules for livestock and agricultural events a day ahead. The fair runs Aug 18 and features herb sessions on medicinal and culinary uses, two ice carving demos, a free feed, and judging of 250 contests with 4 H FFA and open class horticulture. Admission 6 dollars adults, 2 dollars ages 6 11, under 5 free. Half price 5 to 10 p.m. Mon Tue Wed Thu. Hours 8 a.m. to 1 a.m. daily building 9 a.m. to 9 p.m. Midway 10 a.m. to midnight.
Promises sought in MCI deal
The Consumers Union urged the FCC to require an enforceable commitment to serve residential telephone customers as a condition for approving the $37 billion MCI WorldCom merger. The group fears the combined company may abandon residential service in favor of business clients.
MENTIONED IN THIS ARTICLE
FCC
WorldCom
Washington
WorldCom Inc
MCI
Te Consumer Group
The
Consumers Union
Federal Communications Commission
Jamie DePeau
Justice Department
MCI WorldCom
John Conyers Jr
Dmich
Bernie Ebbers
MCI Communications Corp
Bert Roberts
Kimmelman
Also Mentioned on This Page
Dow
Goss Workers OK Contract
Treasury
Treasury Department
Federal Reserve
C.R
Gazette
Miranda Meyer
Dave Thomas
Wendy's
Chris Sprague
Collins Rd
Thomas
Tom Barbee
Iowa City
Sprague
the Gazette
Nyse Index
Iowa Agricultural Statistics
Kirkwood
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