Blue chip Stocks Rise as Investors Seek Bargains
Markets rallied with the Dow up 94.63 to 10 519.84 and the Nasdaq 23.10 higher at 4418.55 while NYSE volume reached 1.13 billion. Eastern Iowa movers showed Deere and Wal Mart gains, Maytag fell, and dairy, hog, and soy issues factored into the day. Central Iowa faced a pseudorabies outbreak with a Webster County herd to be destroyed. The FDA soy milk dispute drew dairy and soy associations into a dispute over labeling. Treasury yields slipped on three and six month bills, with one year bills easing last week.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
Deere
Wal-Mart
McLeodusa
National Computer Systems
APAC
Maytag
U.S. Cellular
Union
Webster County
Treasury
Treasury Department
Federal Reserve
NEW York Stock Exchange Industrial
Cheransport
Philip Morr
Finance
AmerOnlines
We Utilities
LucentTechs
QwestComms
American Stock Exchange
Cisco
Renee
Indus
Biotech Computer
Standard & Poor’s Insurance
Telecom
Ene Ae Transport
Transpt
Utilities
Inds
Financi
de Nasdaq
Associated Press
Iowa banks to pay assessments after uninsured funds loss
Iowa’s 472 banks and savings banks face assessments to cover uninsured public funds tied to the Hartford Carlisle Savings Bank failure on January 14. The fund held 3 million with 11.86 million uninsured. largest losses at Warren County, Carlisle Community Schools, and Carlisle city. Norwest Bank Iowa led with 1.06 million. average per-bank assessment near 3 per thousand.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Hartford-Carlisle Savings Bank
Warren County
Carlisle Community Schools
City of
Carlisle
Michael Fitzgerald
Fitzgerald
Norwest Bank
Mercantile Bank Midwest
Linn County
Firstar Bank Iowa
Cedar Rapids
Bank Iowa
Johnson County
Hawkeye State Bank
Iowa City
Iowa State Bank & Trust
Fairfield holding company buys Linn Bank of Coggon
Iowa State Financial Services Corp of Fairfield buys Linn County State Bank of Coggon, adding two banks and two service groups. Linn County State Bank assets and deposits cited, and William Ajram named president and CEO. Company plans stability and new financial products for Coggan and North Linn communities.
MENTIONED IN THIS ARTICLE
Fairfield Holding Company
Linn Bank of Coggon
David Eastburn
Iowa State Financial Services Corp
Eastburn
William K. Ajram
Cedar Rapids
Linn County State Bank
Ajram
Heritage Bank
Marion
Bill
Coggan
North Linn
Pamida Plans Dyersville Store Prototype to Open May
Pamida, an Omaha based discount retailer with 159 stores, will open a 35000 square foot Dyersville outlet at 1201 12th Ave SE employing 35 staff. Senior VP Bob Hafner says the store is a newer prototype, serving communities where residents travel 15 to 20 miles for larger shops.
MENTIONED IN THIS ARTICLE
Vareteinancial
Pamida
Dyersville
Bob Hafner
12Th Ave
Hafner
December inventories rise as sales surge in strong demand
US companies increased inventories by 0.5 percent in December while sales jumped 1.1 percent to 868.8 billion, pushing the inventory to sales ratio to a record low of 1.32. Retailers led gains with a 1.7 percent sales rise to 261.3 billion.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Clifford Waldman
Waldman Associates
Maytag shares fall on flat sales forecast and weaker earnings
Maytag Corp. warns earnings may be 10 percent or more below 1999's quarter, with flat home appliance sales and increased competition in floor care and vending machines. The stock closed down about 10.7 percent at 32.50 as analysts note the surprise of lower year-over-year results. Chairman Lloyd Ward says earnings growth will slow early 2000 but accelerate in the second half. Ward also notes continued investment in R D and new products including Internet connected appliances.
MENTIONED IN THIS ARTICLE
DES Moines
Maytag Corp
Maytag
New York Stock Exchange
Russell Leavitt
Bank of America
Montgomery
Lloyd D. Ward
Ward
Also Mentioned on This Page
Dow
National Milk Producers Federation
Food and Drug Administration
FDA
Dairy Producers Group
American Soybean Association
Bob Callanan
Dairy Farmers
Djia
BizFacts
U.S
Marquette Bank
Guaranty Bank
Farmers State Bank
Heritage Bank of
Freedom Security Bank of
Coralville
Hills Bank & Trust
Columbia
Hca
John F.X. Dolan
HCA Healthcare Corp
George C. Ford
Kmart
Target
ShopKo
ShopKo Stores Inc
Green Bay
Wis
Jim Witherspoon
Lee Wegener
Knoxville
Oskaloosa
Clifford
Call Eastern Iowa Enterprise Council
The
EIEC
Non-Profit Organization
Nyse Index
United Security Avings Bank, F.S.B
Edgewood Road
Lowa
Marion Boulevard
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