Stocks end mixed as investors eye budget agreement
Markets retreated from early gains with the Dow up 1.44 to 5097.97 as traders weighed a potential White House and Congress budget deal. GE rose 1 percent, United Fire & Casualty up, and midwest firms like Engineering Animation of Ames announced a public stock offering to fund expansion.
MENTIONED IN THIS ARTICLE
White House
Congress
New York Stock Exchange
Iowa
General Electric
United Fire & Casualty
Engineering Animation Inc
Ames
J.P. Morgan Securities Inc
Cowen & Co
Matthew Rizai
Securities and Exchange Commission
Ames Company
Iowa State University
Congress Overturns Clinton Veto on Stockholder Fraud Suit Caps
Congress passes a bill overriding President Clinton to curb stockholder fraud suits. The measure eases defenses for companies, limits attorney fees, caps class action filings, and allows sanctions for frivolous filings, drawing praise from accounting firms and critics from consumer groups.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congress
Senate
Democrats
Iowa
Charles Grassley
Tom Harkin
House
David Keyko
New York City
Ralph Nader
Corn futures hit 11 year high on heat tied crop fears
Chicago Board of Trade futures rose as heat and drought threatened South American crops. March corn gained to 3.58 a bushel while January soybeans closed higher at 7.29 a bushel. Wheat also edged up to 5.01 a bushel with global demand remaining strong.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago Board of Trade
Argentina
Steve Bruce
E.D.& F. Man International Futures Inc
U.S
Brazil
Dan Cekander
Fimat Futures USA
Chicago
European Union
Washington State Bank buyout rejected by local shareholders
More than 300 Washington County shareholders rejected ISB Financial Corp.’s plan to buy Washington State Bank in Washington Iowa. Keith Lazar said ownership remains appealing and the bank will stay pro community with current staff and leadership continuing under ISB terms. Richard Summerwill noted shareholders chose local ownership for reasons matching ISB’s interest in the bank.
MENTIONED IN THIS ARTICLE
Mula-Iowa Financial Corp
Mid-Iowa Savings Bank
Mid Iown Savings Bank
Newton
Baxter
Colfax
Monroe
Prairie City
Gazette
Johnson County Bureau
Iowa City
Washington State Bank
ISB Financial Corp
Washington, Iowa
Iowa State Bank & Trust Co
Washington County
Keith Lazar
Richard Summerwill
Ag Department accepts 42 percent of Iowa CAP bids
The Agriculture Department reported 1 728 of 4 066 Iowa CRP bids were approved, covering 78 224 acres. Accepted contracts pay an average 92.70 dollars per acre annually. This 13th sign-up favors land near water and aims for higher environmental value.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
U.S. Department of Agriculture
Agriculture
Dan Glickman
Citicorp weighs moving HQ from New York City
Citicorp, the nation’s largest bank, weighs relocating its headquarters from New York after 183 years in the city. Chairman John Reed favors a technology hub like Silicon Valley or Boston, with no decision yet and other sites previously considered.
MENTIONED IN THIS ARTICLE
New York
Citicorp
John Reed
Jack Morris
Bank
Roston
Washington, D.C
Reed
Christian Science Monitor
Morris
City Bank of
Also Mentioned on This Page
Mid-Iowa
S.n
Department of Natural Resources
DNR
DNA
Smithfield
John Morrell
Smithfield Foods Inc
John Morrell & Co
Chiquita Brands International Inc
Joseph Luter III
Black Hawk
Dinner Bell
Esskay
Valleydale
Luter
Gwaltney
Morrell
Sioux Falls
S.C
Sioux City
Great Bend
Kan
Cincinnati
McDonald's
NBA
Charles Barkley
Taiwan
Boeing
China Airlines
Snecma
France
Mic
Jarett Higley Manor Inc
17Th St
Craig Anderson
Higley Mansion Inc
Higley
Garling Construction of
Belle Plaine
Washington Bank
ISB
Heather Sloman Wood
WSB Inc
Lazar
Ag Department
CAP
the Gazette
Farm
E. Fifth St
Rod Boshart
Health & Science Home & Real
E. Market St
Life & Leisure
Lyle Muller
E. Charles St
TV Vision Sports
Pearneree
Rita Seymour
Youth Plus
David Lynch
Cedar Rapids