Investors await year end rally as inflation and tech woes bite
Stocks faced a fragile session with the Dow up 27.26 to 3718.37 while Eastern Iowa issues showed mixed moves. Equitable of Iowa slid, Gillette and International Paper rose, Hawkeye Bancorp edged higher as markets weighed higher rates and a sluggish tech sector.
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Orange County
Calif
Iowa
Equitable
Gillette
International Paper
Allied Group
Hawkeye Bancorp
NEW York Stock Exchange
Iacom
AMEX
DOW Jones
Tran Uuits Teneo
Boone Ui
Biotech
Standard & Poor’s Financi
Indust
Iy Insurance
Transport Telecom
Wilshire Associates
Yo Pea Associated Press
McLeod Network Seeks Pilot Test Before Iowa Utilities Board
McLeod TeleManagement seeks authority to pilot NetCR a multimedia fiber optic network in Cedar Rapids Rapids and Marion to provide local competition for US West Communications. US West Cox Cable GTE and the Iowa Telephone Association oppose arguing potential harms and cost shifts. Fifteen witnesses expected with possible legislative FCC input on interconnection numbers and tariff terms.
MENTIONED IN THIS ARTICLE
Netcr
Clark McLeod
McLeod TeleManagement
Iowa
Casey Mahon
Lynn Gipple
US West
McLeod
Mahon
Utilities Board
Gipple
Federal Communications Commission
Utility Board
FCC
At&t
Supreme Court Allows State Tax on Some Mutual Fund Income
The Supreme Court ruled unanimously that Iowa and other states may tax income from mutual funds that invest in U.S. government securities via repurchase agreements. The decision hinges on the interest earned in these repurchase transactions, which state authorities may treat as taxable interest rather than exempt government security income.
MENTIONED IN THIS ARTICLE
Supreme Court
States
Washington
Iowa
U.S
Nebraska
Firstar Corp
FDIC
IBC
Donoghue Money Fund
Conference Focuses on Farming and Environment
EPA official Don Weitman notes demonstrations show reduced fertilizer use without yield loss and lower chemical runoff. Iowa farmers use soil testing and integrated pest management to cut fertilizer and pesticide applications. The Iowa Soybean Association hosts the 8 a.m. to 4:30 p.m. event in Ames with speakers including Jim Kinsella and Tim Warman discussing CRP futures and environmental collaboration. For details call 515 223 1423.
MENTIONED IN THIS ARTICLE
Weitman
Iowa Soybean Association
Ames
C.Y. Stephens Auditorium
Scheman Center For Continuing Education
Jim Kinsella
Illinois
the Gazette
Demand shifts as parents push for creative toys
The Los Angeles Times notes a trend toward toys that foster learning and creativity as parents react to crime coverage and school concerns. Retailers like Toys R Us and KayBee cite gun-related incidents to justify halting realistic play guns, while overall toy sales plateau and play gun sales fall 24 percent.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Mighty Morphin Power Rangers
Power Rangers
Sweden
Canada
Toys R Us
KayBee
Jill Krutick
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