Dow sinks 127 points as stocks slip in thin holiday trading
Blue chip shares falls push the Dow Jones Industrial Average down 127.54 points to 7691.77, with most loss in the final hour. Eastern Iowa stocks show mixed moves while Terra Industries settles a 160.5 million dollar insurance claim linked to the 1994 Port Neal fertilizer plant blast. Farmers may seek 1998 Production Flexibility Contract advances before December 31 with total advance payments up to 254 million dollars.
MENTIONED IN THIS ARTICLE
Dow Jones
Asia
New York Stock Exchange
NYSE
Iowa
IES Industries
Brenton Banks
General Electric
Penford
Procter & Gamble
Quaker Oats
Deere & Co
Raytheon
Apac TeleServices
Rockwell
Norwest
MCI Communications
Terra Industries Inc
Sioux City
Terra
Port Neal
Lown
Usda, Farm Service Agency
Tom Gray
Iowa Fsa
Des Moines
PFC
Frieder
Cendant Co
PepsiCo
American Stock Exchange
Oracles
Amex
Indus
Standard & Poor's
Transpt
Wilshire Associates
Nasdaq explores Next Nasdaq revamp to boost price transparency
The NASD proposes a new centralized order file on Nasdaq that would automatically match buy and sell orders at better prices, giving investors direct access to trading and potentially reducing role of market makers. The plan aims for increased price transparency though some brokers oppose changes. Regulators previously charged major Nasdaq dealers with harassing rivals over better pricing.
MENTIONED IN THIS ARTICLE
Washington
National Association of Securities Dealers
Securities and Exchange Commission
NASD
Reid Walker
Mutual Funds
SEC
Justice Department
Triangle Plastics Buys Bigelow Packaging
Triangle Plastics Inc of Independence has acquired Bigelow Packaging of Charlotte from Fieldcrest Cannon Inc. The deal expands Triangle's thermoformed plastic pallets and strengthens the material handling segment. Triangle cites continued growth and benefits to customers as key outcomes.
MENTIONED IN THIS ARTICLE
Triangle
Bigelow
Charlotte, N.C
Fieldcrest Cannon Inc
Fieldcrest Cannon
Pillowtex Corp
Dallas
Texas
Bigelow Packaging
James Blin
Triangle Plastics
William Cannon
Economy grows 3.1 percent in Q3 but Asian crisis could slow growth
The Commerce Department report shows GDP at a 3.1 percent annual rate for July-September, down from 3.3 percent. Durable goods orders rose 4.8 percent in November led by transportation, especially aircraft, while nontransport equipment weakens. Analysts warn Asian turmoil may curb next year’s growth to about 2 to 2.5 percent with little inflation.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Bruce Steinberg
Merrill Lynch & Co
New York
MidAmerican disputes IRS over 9.6 million tax bill
MidAmerican Energy Co and the IRS clash over 9.6 million dollars in taxes the IRS says are owed while the utility contends it paid. Four U S Tax Court petitions allege Iowa Power Co reported all revenue and that revenue collected in January for December service was properly placed on a separate tax form. If unresolved, cases proceed to trial.
MENTIONED IN THIS ARTICLE
MidAmerican Energy Co
Internal Revenue Service
IRS
Des Moines
U.S
Iowa Power Co
MidAmerican
Iowa Power
Iowa
Company
GE Capital to Buy Bank Prokredit in Switzerland
GE Capital Services will acquire Bank Prokredit from Swiss Bank Corp expanding its Swiss footprint. Terms are undisclosed with regulatory approval pending. Bank Prokredit runs 24 branches in Switzerland and focuses on consumer credit under GE Capital Global Consumer Finance.
MENTIONED IN THIS ARTICLE
GE Capital
Stamford, Conn
GE Capital Services
Bank Prokredit
Swiss Bank Corp
Switzerland
Dave Nissen
GE Capital Global Consumer Finance
General Electric Co
Cedar Rapids
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Dow
Terra Industries
Bortom
Jenny Craig
Securities Dealers Group
Independence Company
North Carolina Company
George C. Ford
Independence
Oelwein
Winthrop
Cookeville, Tenn
Auburndale
Fla
Portage
Wis
United States
Cline
MSP
Ines
Av Tit TT
Jadian Cuek Mall
www.GazetteOnline.com
Hawkeyes
Gazette Online
Jim Ecker
Mike Hlas
Gazette Sports
Sun Bowl
Arizona State
Errs Ee
tSpert
Tenet
Nat
NCAA
THE
Iowa Hawkeyes
le Te TV 3
el Paso
CBS
Ber
Ee Nh
Une
Antona Ae
Vember
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