Treasury short-term bills rise in Monday auction
Interest rates on three and six month Treasury bills climbed to the highest levels in a month as the Treasury sold 9.2 billion dollars in each maturity. The three month discount yielded 7.55 percent with a 7.80 percent effective, while six month discounts were 7.45 percent with a 7.85 percent effective. Master Builders of Iowa leads a 12 group grant totaling 855 thousand dollars for OSHA safety training with a 55 thousand dollar Iowa grant among recipients.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Master Builders of
Iowa
U.S. Department of Labor
Occupational Safety and Health Administration
Wall Street Rises as Power Restores After Blackout
Wall Street firms regain power after last week's outage amid criticism of a city utility. Consolidated Edison reports power back for all but 1,600 customers in a 30 block area, with restoration prioritized after the incident at New York's fish market.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Consolidated Edison Co
Toy Distributors Sued Over Unsafe Imported Toys
Justice Department and Consumer Product Safety Commission sue seven major toy distributors including Toys R Us for selling imported toys that violate federal safety standards. The actions allege lead paint and small parts hazards that could choke children, with some recalled by distributors.
MENTIONED IN THIS ARTICLE
Justice Department
Consumer Product Safety Commission
Toys R Us
CPSC
Mosbacher sees exports grow despite oil impact
Commerce Secretary Robert Mosbacher predicts continued growth in U.S. exports and a possible merchandise trade deficit under 100 billion dollars this year. Rising oil costs threaten to derail the forecast and economy. Separately, Harry C. Piper Jr., 72, longtime Piper Jaffray & Hopwood chairman emeritus, dies of bone cancer at his Orono home after months of treatment. He remained active at Piper Jaffray’s Minneapolis headquarters until late July.
MENTIONED IN THIS ARTICLE
Middle East
Commerce
Robert Mosbacher
U.S
Harry C
Bob” Piper Jr
Piper, Jaffray & Hopwood
Orono
Minn
Piper Jaffray
Minneapolis
Job Satisfaction Across Companies Compared
A survey asks workers to rate their job satisfaction relative to peers in similar roles at other firms. Respondents compare contentment, fulfillment, and overall happiness with duties, environment, and compensation to determine if they are more, less, or equally satisfied.
Office workers mostly happy with job satisfaction study
A Gallup survey for Ricoh finds nine of ten white collar workers feel as good or better than peers at other firms. Satisfaction rises with tenure and income, with 46 percent of those 10+ years at a company and 43 percent earning 50 000 or more reporting higher satisfaction. Western workers show high overall satisfaction and dissatisfaction.
MENTIONED IN THIS ARTICLE
West Caldwell
N.J
Gallup
Ricoh Corp
Square D awards CMF&Z massive global account
Square D Co selects Cedar Rapids firm CMF&Z along with Young & Rubicam to handle worldwide advertising and public relations. The $30 million contract marks CMF&Z’s firm growth as Square D grows into a global operation with 19,500 employees in 21 countries.
MENTIONED IN THIS ARTICLE
George C
Creswell, Munsell, Fultz & Zirbel
Young & Rubicam Co
Square D
Palatine, Ill
Cedar Rapids
North America
Latin America
Europe
Australia
Far East
Jerre Stead
Cmf&z
Young & Rubicam
Frank “Buzz” Baker
Baker
Des Moines
ATM link remains distant as networks plan shared cash access
Cirrus and Plus System expect to link within 12 to 18 months, expanding ATMs to 45 000 55 000 units from about 27 000 per system. ITS ties Iowa banks to Cirrus nationwide. no agreement yet with Plus System. Norwest sign shows future Plus System rollout for its Iowa ATMs.
MENTIONED IN THIS ARTICLE
Plus System
Cirrus
Iowa
Savings and Loans and Credit Unions
Iowa Transfer System
ITS
Des Moines
Iowa Financial Institutions
Jim Jorgensen
Plus
Jorgensen
Norwest Corp
Norwest Bank Iowa N.A
Cedar Rapids
Blue chips rise as market mood stays sluggish
An uptick in blue chip stocks helped some but the broader market remained weak. The Dow Jones average rose 11.64 to 2,656.44, after a steep decline from July 16 to last Friday, while declines still outpaced advances by about 3 to 2.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
Raytheon
Weyerhaeuser
Pennest
General Mills
International Business Machines
American Telephone & Telegraph
General Motors
General Electric
Philip Morris
Kmart
Harleysville to buy USLICO Hawkeye unit for 135 million
Harleysville Group Inc and Harveysville Mutual announced a letter of intent to acquire USLICO Corp s Hawkeye Security Insurance Co Des Moines along with United Security Insurance Co and Western States Insurance Co for 135 million dollars. The deal effective Jan 1 expands Harleysville s property and casualty operations.
MENTIONED IN THIS ARTICLE
Harleysville, Pa
Pennsylvania
Uslico Corp
Arlington
Harleysville Group Inc
Harleysville Mutual Insurance Co
Uslico
Hawkeye Security Insurance Co
Des Moines
United Security Insurance Co
Western States Insurance Co
Freeport, Ill
Also Mentioned on This Page
Toy Distributors
Bob’ Piper
Wilkerson
Tribune Media Services, Inc
Ricoh Corporation
Midwest
United States
Randy Thompson
Y&r
Thompson
Chicago
Stead
Lowa Insurance Company
Financial Daily
Mary McDowell
Nova University
Commission On Colleges of the Southern Association of Colleges and Schools
Lowa
AudioYear
VW Credit, Inc
Audi of America
Iowa City
Don
Don Pfeifer
1St Ave
Harry Whitehead
Millhiser Smith Agency
Oakland Road
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