Dow posts seventh straight record close but broad market slips
The Dow Jones rose to 5601.23 marking a seventh straight finish record while the broader market eased after a weak semiconductor orders report. Eastern Iowa stocks showed mixed results as United Technologies led gains and Weyerhaeuser fell.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
New York Stock Exchange
Iowa
United Technologies
Heartland Express
MACC
Eastman Kodak
AEGON
Procter & Gambled
W.R. Grace
Weyerhaeuser
United Fire
Feds raid Kmart cash registers in South Florida
About six U S marshals raided Kmart stores in Hollywood and Davie Broward County and seized roughly 45000 from cash registers after the retailer failed to post a 2 million bond in an age discrimination case. The stores remained open. payments shifted to credit cards and exact change.
MENTIONED IN THIS ARTICLE
Miami
Kmart Corp
U.S
South Florida
Kmart
C. Clyde Atkins
Hollywood
Davie
Broward County
Kahle
Beef cattle inventory dips below earlier forecasts
The Agriculture Department reports a February beef cattle inventory over 3 percent below prior forecasts, signaling tighter slaughter supplies and lower 1997 beef production. Forecasts expect producer returns to improve in 1998 if feed crops and grazing conditions stay favorable.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agriculture Department
Department
Economic Research Service
Berkshire Hathaway to sell new stock at lower price
Warren Buffett announced Berkshire Hathaway will issue a new class of common stock priced around 1000 per share, aimed at countering money managers creating fractional unit trusts. The offering could raise at least 100 million dollars after the May 6 annual meeting, modestly diluting the firm’s 30 billion market value.
MENTIONED IN THIS ARTICLE
New York
Warren Buffett
Berkshire Hathaway
Berkshire Hathaway Inc
Hon Industries chief to resign. Jack Michaels to succeed
Stanley Howe will resign as chairman of Hon Industries Inc on May 14 and be replaced by president Jack Michaels. Howe, 72, led since 1984 and will become chairman emeritus. Michaels, 55, will assume chairmanship while retaining CEO and president roles. The Muscatine company posted 1995 net income of 41.1 million on 893.1 million in sales.
MENTIONED IN THIS ARTICLE
Apple Computer Inc
Gilbert Amelio
Securities and Exchange Commission
Apple
Pier 1 Imports Inc
Jay Goldinger
Robert Herndon
Associated Press and Gazette
Stanley Howe
Hon Industries Inc
Jack Michaels
Howe
Hon
Max Stanley
Home-Orize Co
Michaels
Hussmann Corp
J.I. Case Co
International Harvester
Calculating charitable ticket deductions under tax rules
Donors deduct the price of charity event tickets minus the value of meals and entertainment. If you attend, subtract benefit value. if you return a nonused ticket before the event you can deduct the full price. Under the 1993 law, charities must provide written benefit estimates for donations over $75. Call CITYLINE for more tax information.
MENTIONED IN THIS ARTICLE
Tribune Media Service
Cityline
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