Market ticks up and down as stocks pare gains
The Dow eased to 3937.39 down 0.34 as the market neared a record high. Volume on the NYSE was 314.61 million shares with 22 gainers in Eastern Iowa equities. Consumer credit rose 7.4 billion in December, the smallest gain in five months, while three-year Treasuries yielded 7.34 percent. Sears posted best Q4 results in a decade with profits up to 685 million and full-year profits at 1.45 billion.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Tanger Factory
Quaker Oats
Deere & Co
Consumer Credit
Federal Reserve
Treasury
Sears, Roebuck and Co
Sears
WMX Tech
TelMex Ads
Transport
NatSemi
Ie Utilities
EMC Corp
Finance
Kmart
American Stock Exchange
Viacomb
DOW Jones
Amex
Ing
Biotech
Standard & Poor's Indust
Low Close Clig
Insurance
Indust Transport
Telecom
Utilities
Wilshire Associates Equity
Associated Press
New CEO Named at IES Industries in Cedar Rapids
IES Industries Inc. of Cedar Rapids announced senior management changes. Blake Fisher Jr. becomes president and chief operating officer and chief financial officer of IES Utilities while remaining executive vice president and CFO of IES Industries. Larry Root moves to executive vice president of IES Industries. Rene Males is named executive vice president of the utility. Dennis Vass is promoted to treasurer of both companies.
MENTIONED IN THIS ARTICLE
IES Industries Inc
Cedar Rapids
Blake Fisher Jr
IES Utilities
IES Industries
Fisher
Larry Root
Root
Execu
Rene Males
Dennis Vass
Frontier expands to new coffee roasting plant in Urbana
Frontier Cooperative Herbs expands its organic coffee business with a new 22,500 square foot facility on Highway 150 north of Urbana costing about 1 million. Groundbreaking in October and transfer of operations planned for February 23, with Abell Howe Co. as contractor.
MENTIONED IN THIS ARTICLE
Frontier Cooperative Herbs
Highway 150
Urbana
Frontier
Norway
Abell Howe Co
Cedar Rapids
Rick Stewart
Carolyn Frazier
United States
Iowa City firm to offer Internet advertising in Eastern Iowa
Exclusive Communications Inc with investors Mark Ginsberg Rudy Garza John Tvedte and Nate Van Der Weide will launch an electronic catalog on Internet offering advertising space for 960 dollars per year plus an extra 500 dollars for order capability. The service targets Iowa products and aims to reach about 25 million potential online users.
MENTIONED IN THIS ARTICLE
Mark Ginsberg
Rudy Garza
John Tvedte
Nate van der Weide
Iowa City
Ginsberg
Iowa
Internet
Garza, Tvedte
van der Weide
Manchester Oxford farmers honored in growers contest
Gazette writer Francis Childs of Manchester and Frank Miller of Oxford are among the 1994 Iowa Master Corn and Soybean Growers Contests winners honored at an awards luncheon in Ames. Childs topped non residue management corn with 290.25 bu/ac. Miller won no-till soybean at 80.90 bu/ac.
MENTIONED IN THIS ARTICLE
Childs
Miller
Rail merger speeds shipments linking vast network
Burlington Northern and Santa Fe Pacific won shareholder approval for a 4 billion dollar merger that would create the nation’s largest rail system from Canada to Mexico with 33 000 miles of track and about 7 billion dollars in annual revenue. Union Pacific had bid earlier but exited. The deal still awaits ICC clearance.
MENTIONED IN THIS ARTICLE
Chicago
Burlington Northern Inc
Santa Fe Pacific Corp
Great Plains
Rocky Mountains
Burlington Northern
Santa Fe
Interstate Commerce Commission
ICC
Trou
Union Pacific
Canada
Mexico
Midwest
Also Mentioned on This Page
Tive
Frontier Cooperative
Linn
Iowa City Business
By Lyle Muller
Gazette
Johnson County
Exclusive Communications Inc
M.C. Ginsberg Jewelers Inc
Washington St
Eople
Manchester
Oxford
Ames
By Marlene Lucas
Dean Gourley
Villisca
Schumacher and Co
Pleasantville
Little Sioux
Greg Williams
Lytton
Jerry Miller
Sperry
Gary Weymiller
New Albia
Scott Melcher
Harpers Ferry
Tom Scherbring
Ble
Union Pacific Corp
Farmers Savings Bank
Walford
FDIC
KellySelect
Kelly Services
PTT
Kelly
Kelly Services, Inc
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