US trade deficit narrows in June as exports surge
The Commerce Department reports the June trade deficit fell 14.5 percent to 8.16 billion dollars as exports hit a record high and imports declined. The deficit with China rose 15 percent to 4.3 billion, while Japan deficit climbed 11.6 percent to 4.1 billion as auto imports rose. Commerce Secretary Daly plans talks with Beijing and Tokyo next month.
MENTIONED IN THIS ARTICLE
Washington
US S
Japan
China
Clinton
Commerce Department
U.S
America
Commerce
William Daley
Dow pushes above eight thousand as market rebounds third straight day
The Dow Jones rose 103.13 to 8021.23 in a rapid market rebound with gains across major issues. Eastern Iowa stocks showed mixed results as firms like Eastman Kodak Procter & Gamble and Wal Mart posted gains while HON Industries fell.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
New York Stock Exchange
Iowa
Eastman Kodak
Procter & Gamble
MCI Communications
Allied Group
Gillette
General Electric
Longview Fibre
International Paper
Wal-Mart
Mercantile
Weyerhaeuser
Norwest
Raytheon
HON Industries
Alfalfa hay supply tightens due to dry weather and winterkill
Dry summer and poor winter survival reduced Iowa alfalfa production and quality. Prices rose with premium small bales at Fort Atkinson selling 135 to 150 dollars per ton while July Iowa average sits at 120 dollars per ton. State production now 4.25 million tons on 1.25 million acres with nationwide decline mirrored in acres harvested and output. Barnhart notes ongoing region markets with biweekly price checks and county extension access plus the Iowa Hay Directory and a free hotline for buyers and sellers to connect.
MENTIONED IN THIS ARTICLE
Iowa
U.S
Gas prices in Des Moines lead state survey
Des Moines shows the lowest state price for regular unleaded at 1.18 per gallon on Aug 15, with Sioux City 1.22 and Cedar Rapids 1.24. statewide average is 1.22, up 4 cents from last month and 3 cents from a year ago, amid refinery maintenance and lower national inventories.
MENTIONED IN THIS ARTICLE
Des Moines
Department of Natural Resources
Sioux City
Waterloo
Cedar Rapids
Council Bluffs
Davenport
Dubuque
Iowa City
David Downing
DNR
Exxon Corp
Baytown
Texas
Downing
Albert's Dry Cleaners Rebrands as Citywide Cleaners
Albert's Dry Cleaners expands through acquisition and renames all six Cedar Rapids sites Citywide Cleaners. The third generation led firm, with 60 employees, maintains current staff and keeps the Collins Road formal wear shop open. The two processing plants and Prince Albert Formal Wear units also stay in operation under the new umbrella.
MENTIONED IN THIS ARTICLE
Prince Albert
A Avenue
33Rd Avenue
Collins Road
Albert
July tractor sales rise with big boost for four wheel drives
July sales for four wheel drive tractors more than doubled to 372 from 156 the prior July, while two wheel drive models rose to 10 527 from 8 709. Year to date 77 314 tractors sold up 10.6 percent from 69 883 in 1996. Combines climbed to 870 in July, with 3 910 sold January through July compared with 3 684 in 1996.
MENTIONED IN THIS ARTICLE
Equipment Manufacturers Institute
Chicago
Esew Eee
Cedar Rapids leads Iowa job growth in ASU study
Cedar Rapids tops Iowa cities for job growth per an Arizona State University study, adding 2300 nonfarm jobs in the year ending last June for 112300 total. City economic leader Todd Bergen credits local employers expanding rapidly and notes Cedar Rapids as a hub within a 45 mile commuter radius. Iowa ranks midpack nationally with 22700 new jobs state wide.
MENTIONED IN THIS ARTICLE
Gazette
Cedar Rapids
Todd Bergen
Cedar Rapids Area
ASU
Bergen
Iowa City
Iowa Cities
Johnson County
John Beckord
Iowa
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Carl Zurborg
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Luana
Swiss Valley Farms
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Iowa Department of Agriculture and Land Stewardship
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