Tech stocks lead broad rally and Dow rebound in market notes
Technology shares led a broad market advance erasing most of Friday’s losses as investors priced in steadier inflation and rate outlook. The Dow rose 114.74 to 7918.10 with heavy NYSE volume about 545 million shares. Vector Corp said it will sell majority ownership to Freund Industrial Co Ltd of Tokyo, with no changes in management and a deal expected by November end. combined annual sales exceed $100 million.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
Iowa
AEGON
Procter & Gamble
Gillette
National Computer Systems
HON Industries
Apac TeleServices
Penwest
Norwest
Deere & Co
Raytheon
United Technologies
Western Atlas
W.R. Grace
Vector Corp
Freund Industrial Co. Ltd
Tokyo
Gerald Zahradnik
Marion
Vector
Freund
Indust
Insurance
Telecom
Transport
Associated Press
APAC TeleServices buys Paragren Technologies in merger
APAC TeleServices announced on Tuesday its acquisition of Paragren Technologies Inc. of Reston Virginia. Paragren will operate as an APAC company but stay based in Virginia under Magid Abraham chief executive officer. Theodore Schwartz APAC chairman and CEO says the merger strengthens services. APAC HQ remains in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Apac TeleServices
Paragren Technologies Inc
Reston
Paragren
APAC
Virginia
Magid Abraham
Theodore Schwartz
Deerfield
Ill
Fed holds rates steady as inflation risk fades
The Federal Reserve kept rates unchanged amid near 25 year low unemployment and mild inflation. Wall Street welcomed the decision while economists warn rate hikes could come at the September meeting as wage demands rise. UPS strike settlement seen as potential first sign of mounting wage pressures.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
Wall Street
United Parcel Service
Grants bolster 12 Iowa communities through Farm Bureau grants
Twelve Iowa communities received Challenge Grants from the Iowa Farm Bureau to improve quality of life. Projects include a new Clayton County Dairy Promotion building at Elkader, replacing aging facilities, plus grants to libraries, 4-H clubs, FFA teams, and extension services across Floyd, Wayne, Mills, Chickasaw, and Clinton counties and others.
MENTIONED IN THIS ARTICLE
Iowa Farm Bureau
Clayton County Fairgrounds
Bureau
Lowa
Iowa
Clayton County
Tammy Muller
Monona
Ag Development Committee
Floyd County
Wayne Community Ffa
Welton Area
de Witt
Nursing Association
Clinton County
Elk Horn
Harlan
Independence
National Resources Conservation Service
Mills County
Gasoline futures rise on reformulated fuel shortage and refinery restarts
Unleaded futures jump on a shortage of quality reformulated gasoline as Tesco Corp Bayway New Jersey returns to full operation after weeks of maintenance. ARB Oil notes demand to Sept 15 limits supply while Iraqi crude flows and refinery restarts boost prices, with Cedar Rapids pump prices steady at 1.24.
MENTIONED IN THIS ARTICLE
Associated Press
New York Mercantile Exchange
News Tesco Corp
Bayway
N.J
Gerald Samuels
ARB Oil Inc
Samuels
AAA Auto Club
Cedar Rapids
Exxon Corp
Baytown
Texas
Iowa City Chamber Wins National Award for Excellence
The Iowa City Area Chamber of Commerce earned the National Association for Membership Development’s Award for Excellence for 1996. It surpassed 1,000 members with a net gain of 107, held 94 percent retention, and received the honor at a St. Louis conference.
MENTIONED IN THIS ARTICLE
Iowa City
Iowa City Area
St. Louis
Metro South Chamber of Commerce
Brockton
Mass
Cedar Rapids Housing Permits Rise Amid Steady U S Starts
Cedar Rapids Building Department issued 36 permits for single family homes with 22 in July 1996. Nationally housing starts held at a seasonally adjusted 1.45 million annual rate in July, unchanged from June, despite low inventories and affordable mortgage rates. Analysts expect a narrow range for the rest of the year.
MENTIONED IN THIS ARTICLE
Cedar Rapids
David Seiders
Nation
Association of Home Builders
Commerce Department
Federal Reserve
Also Mentioned on This Page
Dow
UPS
David Jones
Brey G. Lanston & Co
New York
Sen
Tom Harkin
Harkin
Gazette
Marlene Lucus
Eleader Public Library
Nyse Index
American Stock Exchange
DOW Jones
Indus
Standard & Poor's Indust
Jersee
Wilshire Associates
Mono
Iowa City Chamber
Dan Melean Regalar
Skogman
1St Avenue
Me Realty
NCAA
Linn Tag Credit & Union
Linn
Blairs Fery Rd
20Th Ave
31St Street
U.S
Frontier Investment Services Securities
Ffutures.com
Pup, Inc
River RinGe Drive
Towa
C.R
Ota
KCRG
Beverly Hills
90210
Chicago Hope ER
Melrose Place
Nypd Blue
X-Files
Midwest
Cityline
Tim Boyle
Trail Blazers
Taurus
Anse
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