Market slides as investors seek value in smaller stocks
Investors shifted from pricey blue chips weighing on the Dow which fell 77.35 to 7,782.22 while NYSE volume reached 449.08 million shares. Eastern Iowa stocks show mixed results with 11 gainers and 27 losers as Deere and AEGON move lower amid broader market weakness. Casey’s General Stores reports first quarter gains and plans more store openings. two-year Treasury yields rise to 5.998 percent in Tuesday auction.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Iowa
Western Atlas
Apac TeleServices
Deere & Co
AEGON
Proffitts
Heartland Express
MCI Communications
Casey’s General Stores Inc
Casey’s
Treasury
Philip Morr
Kmart
American Stock Exchange
Hasbro
Indus
Commod
Biotech
Standard & Poor's Finance
Telecom
Utilities Transpt
Transport
Finance
Wilshire
Wilshire Associates
Purce
Associated Press
Federal Express Complex Nears Completion at Cedar Rapids
An aerial view shows progress on the Federal Express cargo facility at The Eastern Iowa Airport. The $5.7 million building will increase cargo handling to 6 000 items per hour within five years, elevating Cedar Rapids as a Midwest hub and creating 150 to 250 jobs as part of a $10.6 million airport cargo expansion including a $2.6 million cargo apron and $2.3 million in infrastructure upgrades.
MENTIONED IN THIS ARTICLE
Federal Express
Iowa
Cedar Rapids
Midwest
Met-Coil Names Heitt President Amid Profit Rise
Met-Coil Systems Corp. elevates James Heitt to president and chief operating officer, adds him to the board as it reports improved fourth quarter and full year 1997 results. Q4 net income 896000 on 10.4 million revenue. full year net income 34000 on 36.8 million revenue. Heitt also leads Iowa Precision Industries and Lockformer Corp. as part of Met-Coil's corporate structure. backlog stands at 16 million, about 40 percent of 1998 projected revenue.
MENTIONED IN THIS ARTICLE
Iowa Precision Industries
Welty-Way
Heitz
Met-Coil
Ray Blakeman
Met- Coil
Heitt
Met-Coil Systems
Resignation Won't Affect C R Clothing Company
Starter Corp. announced John Tucker resigned as president and COO. CEO David Beckerman will assume duties as the company implements productivity changes. Robin Wexler stated the Cedar Rapids operation and Galt Land Co. acquisition will not be impacted.
MENTIONED IN THIS ARTICLE
New Haven
Starter
Tucker
Cedar Rapids
Galt Land Co
Galt Sand
Wexler
Murdock to acquire two Austin telecom firms
Murdock Communications Corp. signs a binding agreement to purchase Priority International Communications Inc. and PIC Resources Corp. for 3.28 million dollars to be paid over 18 months. The deal expands long distance and operator services for hospitality and pay phone markets with anticipated earnings growth.
MENTIONED IN THIS ARTICLE
Priority International Communications Inc
PIC Resources Corp
PIC Resources
ATN Communications Inc
Priority International Communications
Federal safety review of Union Pacific expands nationwide
The Federal Railroad Administration launches its largest rail safety review, shadowing Union Pacific with 60 inspectors across 10 cities for 10 days. They will ride trains and interview crews to examine operating practices amid recent fatal crashes and a merger with Southern Pacific.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Union Pacific
Federal Railroad Administration
Dave Bolger
Southern Pacific
Bolger
Southern Pacific Railroad
Iowa
Mississippi River
Bic injunction denied in Sheaffer buyout bid
In Milford Connecticut a Supreme Court judge refused Bic Corp a preliminary injunction to halt the sale of Sheaffer to executives Owen Jones and Shane Dolohanty. Bic claims breach of contract and seeks to block the transfer to a third party backed by Alchemy Partners.
MENTIONED IN THIS ARTICLE
Milford, Conn
Bic Corp
Sheaffer
Lewis Friedman
Supreme Court of New York
Bic
Linda Kwong
Fort Madison
Alchemy Partners Ltd
Also Mentioned on This Page
Clayton County
FFA
Kiel Fritz
Garnaville
Ashley Wendt
Strawberry Point
Jason Heitritter
Elkader
Casey
Aegon N.v
Aegon USA
Treasury Note
Federal Express Complex
Gazette
Mark Tade
James Heitz
C.R. Clothing Company
Murdock of
C.R
George C. Ford
Murdock Communications
29Th Ave
Guy Murdock
Nyse Index
Railroad Reviewed
Kwong
Les Marquart
Skogman
Colin Credit Union
U.S
Fis
On Ontier
Earl A Bou Investment Services
Ffutures.com
Advisors Group, Inc
Ean Rapids, Iowa
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