Market Gains and Bank Plans Hit Regional Briefs
Stocks edged higher as investors weighed Fed signals on inflation and rates. Dow rose to 6833.48 with 491.84 million shares traded. Kodak up 3 percent to 89. Procter & Gamble 117. National Computer Systems 26. Community National Bank planned for Waterloo and Cedar Falls with 6 million startup capital and 15 to 20 employees. Hon Industries reported strong year results. Crayola announces eight retro color ideas with naming contest for kids.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
Iowa
Eastman Kodak
Procter & Gamble
National Computer Systems
Apac TeleServices
Quaker
General Electric
Gillette
Hon Industries
Community National Bank
Waterloo
Cedar Falls
Community National Bancorporation
Josef Vich
Homeland Bank
Community National
Armx
PepsiCos
WMX Tech
T* Utilities
First Datas
American Stock Exchange
Hasbro
Viacom EM Ly
Cisco
CAI
Amex
Ss Re. A
Standard & Poor's Indust
Indust
Einsur
Wilshire Associates
Tohfe Aegated Press
Energy ruling muddles path for alternative energy purchases
Iowa Utilities Board and IES Utilities dispute the impact of a federal ruling on buying power from alternative energy producers. FERC says utilities may be required to purchase certain amounts but cannot set wholesale rates above traditional power costs. Executives warn of continued uncertainty and seek working sessions to outline future contracts.
MENTIONED IN THIS ARTICLE
George C. Ford
Iowa Utilities Board
IES Utilities Inc
Federal Energy Regulatory Commission
Iowa
IES
FERC
Curt Stamp
Erik Madsen
IES Utilities
Madsen
Utilities Board
Hardtack Returns as Nabisco Backs New England Push
Ten year old Tom Damon of Chebague Island Maine carries boxes of Crown Pilot Crackers marking Nabiscos revival of the 205 year old hardtack in stores. The biscuit long used by sailors and Civil War soldiers is back after nine months off shelves, driven by New England demand.
MENTIONED IN THIS ARTICLE
Tom Damon
Chebague Island
Maine
Nabisco
Seven Seas
New
Home sales dip in December as leading index nudges up
The Conference Board an index of leading economic indicators rose 0.1 percent in December while new single family home sales fell 1 percent. December figures show six of ten components advancing, led by money supply and the average work week, with unemployment claims and orders for consumer goods weighing on the index.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Conference Board
Commerce Department
Branstad Aims at Direct Marketing Sales Tax Revenue
Iowa Governor Branstad and other governors push direct marketers like Lands End and L L Bean to collect sales taxes. A final meeting aims to resolve sticking points with possible revenue by month end or early next month. Branstad expects $28 million in year for mail order sales starting next year.
MENTIONED IN THIS ARTICLE
Branstad
Thompson
the Gazette
States
Iowa
Northeast Iowa cattle handle snow with shelter and warmth
Cattle in northeast Iowa cope with 5 to 7 inches of snow and subfreezing temps. producers say buildings and concrete feed pads keep cattle comfortable as calving approaches mid February. One rancher notes cattle romping in the snow while others stress shelter remains key.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Iowa
IES posts record fourth quarter earnings in 1996
IES Industries Cedar Rapids reported record net income of 17.9 million for the quarter ended December 31, up 29 percent from 13.8 million a year earlier. For the year net income fell to 60.9 million from 64.2 million due to costs defending a hostile takeover and merger preparations.
MENTIONED IN THIS ARTICLE
Hon Industries Inc
Muscatine
IES Industries
Cedar Rapids
IES Utilities
MidAmerican Energy Co
Des
Also Mentioned on This Page
Excel
Excel Park
Ottumwa
Cargill Inc
Hon
Binney & Smith
Pia
Hardtack
David Lynch
Congress
Gail
Butch” Neumeyer
Golden Chute Ranch
Walker
John Reiter
Cascade
Monticello
Criti
Kansas
Reiter
Paul Vaassen
Hickory Grove
Dubuque
Duane Arnold Energy Center
Lee Liu
Iic
Drug Town
Pierson’s
the Gazette Rth imMe& “Nn
Iowa Lottery
Pierson's
Gazette
Mark Bowden
Phyllis Fleming
Metro-Iowa
Mary Sharp
Dave Morris
Mark Dukes
Dan Geiser
Duane Crock
Paul W. Jensen
Metro Iowa News Desk
News Wats
Sports Wats
Jerry Elsen
Cue Farm
Library Life & Leisure
Sports Plus
Youth Plus
Des Moines
Fifth St
Rod Boshart
Johnson County
E. Market St
Lyle Muller
Linn County
Iowa City
WATS
Oeiwein Seveere Cevseeeeeerereses
E. Charles St
James Lynch
Washin
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