Stocks Dip but Dow Narrows Losses on Monday
The Dow edged up 4.62 to 6,489.02 as profit-taking cooled after last week’s advance. NYSE showed 1,129 gains against 1,397 declines with 803 unchanged and 339.94 million shares traded. In Eastern Iowa mentions, 16 gained, 23 fell, and five were unchanged with firm moves in Gillette, Raytheon, GE, Deere, Kodak, Mercantile, Heartland, and United Fire & Casualty amid a mixed session.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
New York Stock Exchange
NYSE
Iowa
Gillette
W.R. Grace
Raytheon
General Electric
Deere & Co
Hon Industries
Eastman Kodak
Mercantile
Heartland Express
United Fire & Casualty
Centro and Donaldson launch joint venture for molded parts
Centro Inc. of North Liberty and Donaldson Co. Inc. of Minneapolis form a joint venture to manufacture custom rotational molded parts for Donaldson. The facility will be in the central United States and start up in 1997. The deal reflects a long-standing business relationship between the firms.
MENTIONED IN THIS ARTICLE
Centro Inc
North Liberty
Donaldson Co. Inc
Minneapolis
Donaldson Co
Donaldson
Centro
United States
Amex Reports Record Business Travel Costs in November
American Express says the average one way business fare paid in November reached 287 dollars, tying the March 1993 high after surveying agency bookings. Fares were five percent above October and ten percent above November 1995 while leisure discount fares averaged 119 dollars, down two percent from October and twelve percent from a year earlier.
MENTIONED IN THIS ARTICLE
American Express
Rates rise on T bills in Monday auction
The Treasury sold three month bills at 4.92 percent and six month bills at 5.08 percent. The actual yields to investors were 5.05 percent for three months and 5.29 percent for six months. The Fed reported one year T bill yields at 5.51 percent for last week, up from 5.46 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Mercantile to buy Roosevelt Financial for $1.07 billion
Mercantile Bancorporation will acquire Roosevelt Financial Group for 1.07 billion dollars in cash and stock, moving ahead of Boatmen's Bancshares in Missouri market share. The deal follows Mercantile's earlier $855 million plan to buy Mark Twain Bancshares, with assets and locations across Missouri, Iowa, Kansas, Illinois and Arkansas.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Mercantile Bancorporation Inc
NationsBank
Midwest
Roosevelt Financial Group Inc
Roosevelt
Mercantile
Mark Twain Bancshares Inc
St. Louis
Hawkeye
Missouri
Kansas
Illinois
Mark Twain
McLeodUSA Park Building Nears April Completion
The first 160000 square foot building at the $24 million McLeodUSA Technology Park advances on schedule for April 1. Ryan Construction completed the shell at 6400 C St SW with 75 workers, rising to 100 later as interior work begins.
MENTIONED IN THIS ARTICLE
McLeodusa
Gordon Quick
Ryan Companies
McLeodusa Technology Park
C St
Fortune lists 25 top philanthropists who gave over 1.5 billion
The Fortune survey ranks 25 leading donors for 1996, led by George Soros with 350 million and L S Skaggs at 155 million. Bill Gates follows with 135 million, Walter Annenberg 128 million, and William Hewlett 100 million. The report notes most are self made, religious, and long-time givers, while some critics say others are stingy or delayed large gifts.
MENTIONED IN THIS ARTICLE
New York
Fortune Magazine
George Soros
Soros Fund Management
L.S. Skaggs
Bill Gates
Microsoft
Walter Annenberg
Triangle Publications
William Hewlett
Hewlett-Packard
The
Community
FCC weighs overhaul of long distance access charges
Federal regulators study options to cut the $23 billion in access charges paid by AT&T MCI and Sprint and passed to consumers. The FCC may release a plan soon and vote by spring, with potential eroding competition or phased reductions. The issue covers subsidizing high cost areas and low income customers and the exact amount disputed.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
FCC
Commission
At&t
MCI
Sprint
November incomes and spending rise again evidence of steady economy
Commerce data show personal incomes up 0.5 percent in November after zero gain in October. Consumer spending also up 0.5 percent, with wages and salaries rising by 22.5 billion and more hiring, hours, and earnings improving. Disposable income gains 0.5 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Also Mentioned on This Page
Slim Gain
SNL Securities
Mercantile Group
John Belrise
Michael Ancell
Edward Jones Investment Firm
George C. Ford
C Street
Technology Park
Highway 30
Ann Kealy-Angel
Kealy
Iowa Department of Natural Resources
OPN Architects Inc
Ryan Construction
Howard R. Green Co
Nyse Index
SweeMerch + taney
Transport
Hanson Ads
Ori Oo Utilities
American Stock Exchange
DellCats
Amex
I Standard & Poor's Financial
Associated Press
Vember
Copyworks
1St Ave
Everen Securities
Cedar Rapids
Everen Securities, Inc
Second Street
S.E
CR Chamber of
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