First Interstate approved merger with Boatmen's Bancshares
Shareholders of First Interstate of Iowa voted 82 percent in favor of selling the Des Moines bank holding company to Boatmen's Bancshares of St. Louis. The merger values the deal at about 134 million dollars with First Interstate stock issued at 0.17 share per share.
MENTIONED IN THIS ARTICLE
First Interstate of Iowa Inc
Boatmen’s Bancshares Inc
St. Louis
First Interstate
Iowa
Kalona
Marengo
Sigourney
Boatmen’s
Boatmen’s Bancshares of Iowa Inc
Boatmen
Wilson retirees reach trust settlement for Doskocil payments
Retirees from Wilson Foods in Cedar Rapids and Albert Lea reach a two phase health benefit trust plan backed by Doskocil Foods. The trust runs to 2039 with up to 29 million dollars total, initial July checks expected around 40 dollars monthly, and meetings set for more details.
MENTIONED IN THIS ARTICLE
Dale Kueter
Old Wilson Foods Co
Cedar Rapids
Albert Lea
Bob Heaverlo
Cedar Rapids Retiree Committee
Settlement Fund
United Food and Commercial Workers
Doskocil
Farmstead Foods
Farmstead
Albert Lea Wilson
Heaverle
Heaverlo
Cedar Rapids Wilson
Federal Pension Benefit Guaranty Corp
New accounting rule eyed to boost corporate profits
The Financial Accounting Standards Board introduces a rule that could cut losses and lift profits by 10 to 15 percent immediately. It would allow money losing firms to realize tax benefits in the same year they post losses, altering tax understatement rather than changing actual taxes.
MENTIONED IN THIS ARTICLE
Chicago
Sears, Roebuck and Co
Sears
New York
U.S
The
Financial Accounting Standards Board
Atlanta man lands interviews with sandwich-board resume
Pete Condon wore a large resume sign in downtown Atlanta during rush hour and received 15 interview offers in one day. The University of Georgia graduate, 1989 finance degree, said he expects a job offer after a promising meeting with a public relations firm. He’s seeking marketing or advertising roles and may pursue broader opportunities first.
MENTIONED IN THIS ARTICLE
Atlanta
Pete Condon
Condon
University of Georgia
Interest rate talk sends Dow up 25 points to record
The Dow Jones average rose 25.26 to 3276.83 as buying surged on talk of further Federal Reserve moves to ease credit. The Nasdaq surged to a record 644.92 while volume rose to about 230 million shares with 20 Eastern Iowa stocks up and 12 down.
MENTIONED IN THIS ARTICLE
Dow
Associated Press and Gazette
New York
Federal Reserve
New York Stock Exchange
Iowa
General Mills
Gillette
MCI
United Fire
United Technologies
Clinton adviser calls for phase out of farm subsidies
Robert Shapiro, top economic adviser to Governor Clinton, urges ending farm subsidies as inefficient. He supports direct payments to preserve family farms for cultural reasons and promotes broader tax and spending reforms including cutting federal consumption and auctioning grazing and mining rights on public lands.
MENTIONED IN THIS ARTICLE
David Lynch Gazette
Washington
Arkansas
Bill Clinton
Robert Shapiro
Progressive Policy Institute
Democratic Leadership Council
Clinton
Shapiro
New Republic Magazine
Bush
TRW reports 4th quarter loss amid restructuring costs
TRW Inc. reports a fourth quarter loss of 231 million dollars as a 256 million restructuring charge weighed on results. The company earned 3.76 dollars per share in the quarter versus a 42 million dollar profit or 0.68 per share a year earlier. Sales rose 3 percent to 2.12 billion.
MENTIONED IN THIS ARTICLE
Dial Corp
Burlington
Fort Madison
Dial
Cleveland (Ap
TRW Inc
Also Mentioned on This Page
Total Cereal
Robert Abrams
Edward Barbini
Abrams
General Mills Inc
Tokyo
Toyota
Nissan
Japan
United States
Detroit
IBM
Russia
American Telephone & Telegraph Co
At&t
Wilson
Pete Con
Wall
Tral Bank
Treasury
Gazette Photo
SE Container Services
12Th St
TRW
Skogman - Ralston - Carlson
Dave Carlson
First Avenue
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