Dow Rises as Election Resolve Shifts Markets Sharply
Investors sent the Dow up 186.56 to 10,560.10 while the Nasdaq fell 29.54 to 2,615.75 amid earnings concerns. RF Micro Devices and several firms posted gains, and Abitibi Consolidated discussed a $50 per ton newsprint price hike effective March 1. Northwest Airlines mechanics defend in federal court over alleged slowdowns.
MENTIONED IN THIS ARTICLE
Dow
Iowa
Wal-Mart
Deere
Weyerhaeuser
Quaker Oats
Procter & Gamble
Maytag
U.S. Cellular
WorldCom
Treasury bill rates ease in Monday auctions
Short term Treasury securities saw lower yields as the Treasury sold 12 billion in three month bills at 5.960 percent and 10 billion in six month bills at 5.840 percent. The new discounts imply 6.137 percent and 6.100 percent respectively. The Fed reported the one year T bill yield fell to 6.00 percent from 6.09 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Alliant tests switchgrass as new energy source in Iowa
Alliant Energy and Chariton Valley RC&D begin a switchgrass test burn at Ottumwa Generating Station mixing 2.5 percent switchgrass with coal. If successful, switchgrass share could rise to 5 percent. Four thousand tons were prepared by local farmers for the test. Local officials say biomass could boost rural income and power generation.
MENTIONED IN THIS ARTICLE
George C. Ford
Ottumwa
Alliant Energy Corp
Chariton Valley Resource Conservation and Development
Iowa
Harkin
Chuck Grassley
Chariton
Alliant Energy
Chariton Valley Rc&d
Department of Energy
Bill Harvey
Harvey
Quaker Oats completes 13.8 billion Gatorade buyout with PepsiCo
Quaker Oats agrees to a 13.8 billion merger with PepsiCo to take control of Gatorade ending a high stakes battle. CEO Robert Morrison reshaped the company after a Snapple misstep and a string of double digit profit gains boosting the stock. Morrison fired top executives, streamlined management, cut costs, and focused on core brands including Gatorade.
MENTIONED IN THIS ARTICLE
Chicago
Quaker Oats Co
PepsiCo Inc
Robert Morrison
Morrison
Quaker
John McMillin
Prudential Securities
Coca-Cola Co
PepsiCo
Snapple
Kraft Foods
Gatorade
Roger A. Enrico
Steve Reinemund
Indra Nooyi
Quaker Oats
Tyson bids $2.8 billion for IBP to expand beef pork footprint
Tyson Foods offers half cash and half stock to acquire IBP Inc., the leading beef producer and second largest pork maker. The proposed merger would give Tyson about 30 percent of beef, 33 percent of chicken, and 18 percent of pork, drawing antitrust scrutiny from politicians and regulators.
MENTIONED IN THIS ARTICLE
Little Rock
Tyson Foods Inc
IBP Inc
Andrew P. Wolf
Bb&t Capital Markets
Tyson
Wolf
IBP
Dakota Dunes
S.D
John Tyson
Smithfield Foods Inc
Justice Department
Congress
Midwest
Tyson Foods
Chuck Grassley
Alowa
Tom Harkin
Iowa
Harkin
Cargill to buy Agribrands in $580 million deal
Cargill Inc of Minneapolis will acquire Agribrands International for 54.40 a share, about 580 million dollars, combining Agribrands Purina brand with Cargill Animal Nutrition. The merger, approved by boards, aims to close in April 2001, expanding a network of 178 plants in 26 countries and about 9,500 employees worldwide.
MENTIONED IN THIS ARTICLE
Minneapolis
Cargill Inc
Agribrands International
Cargill
Cedar Rapids
St. Louis
Cargill Animal Nutrition and
Agribrands
Car
Berthel Fisher merger aims for public trading status in 2001
Berthel Fisher & Co of Marion to merge with Southwest Capital Corp of Minneapolis. The shell company would become Berthel Fisher after completion, likely changing its name. Completion hinges on shareholder and regulatory approvals, with aims to finalize in early 2001.
MENTIONED IN THIS ARTICLE
George C. Ford
Marion
Berthel Fisher & Co
Minneapolis
Eastern Iowa
Southwest Capital Corp
Southwest Capital
Berthel Fisher
Berthel
Also Mentioned on This Page
North America
Abitibi Consolidated Inc
Bowater Inc
Abitibi
U.S
Canada
Greenville
S&p
RF Micro Devices Inc
David Norbury
RF Micro Devices
Greensboro
N.C
Novartis
BASF
Germany
France
Italy
Netherlands
Switzerland
Spain
Novartis Generics
Oswald Sellemond
Union
Northwest
Northwest Airlines
David Doty
Steve MacFarlane
Djia
BizFacts
NPD
Pat Carr
Paul Trap
Krt
Alliant
Energy Alternative
Ottumwa Generating Sta
Tion
Chariton Valley
United States
Grassley
Pepsi
Triarc Cos
McMillin
Life
Minnesota American Inc
Minnetonka
Minn
Pa Berthel
Gordon Epping
Honkamp Krueger & Co
Jeffrey A. Johnston
LUTCF
CSA
Marion Public Library
6Th Avenue
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