Dow Falls as Inflation Fears Hit Markets in New Year Trade
Stocks retreat on inflation worries with the Dow down 5.78 to 6442.49. Volume rises to 462.32 million shares as declines outpace advances 12 to 5 on the NYSE. J&P Cycles adds 15 jobs. AT&T completes NCR split. Treasury yields rise and mortgage rates edge higher.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
New York Stock Exchange
Iowa
International Paper
Rockwell
General Electric
Boatmen’s Bancshares
Eastman Kodak
Firstar
Equitable of
Omdusa
CmptrAse
avaTves
E Finance
American Stock Exchange
Viecomb
Amex
Indus
New Laws
Utits Tran $ Ee
Financi
Standard &Gens Indust
Indust Net Wren Se Insurance
Transpt
Telecom
Utilities
Wade A
Wilshire Associates
Quity Eeen
Cann Ant
Workplace gender gap shrinks with slow progress in America
A study by Suzanne Bianchi and Daphne Spain finds women 25 to 54 increasingly work outside the home from 50 percent in 1970 to 76 percent in 1995, led by married mothers. Women earn 72 percent of men’s wages in 1994, though unpaid domestic duties persist, with fathers’ work hours rising only modestly.
MENTIONED IN THIS ARTICLE
Washington
America
Suzanne Bianchi
Daphne Spain
Independent
Population Reference Bureau
Weak Christmas sales dampen early holiday reports
After Thanksgiving retailers faced slower consumer spending with J C Penney and Dayton Hudson posting modest gains and CompUSA showing only a 1.5 percent rise. Analysts say the season will fall short of expectations though some chains like Target and Mervyns performed on plan.
MENTIONED IN THIS ARTICLE
New York
J.C. Penney
Dayton Hudson Corp
Compusa
Robert Buchanan
NatWest Securities
Dayton Hudson
Target
Mervyn's
Bob Ulrich
Jeffrey Feiner
Salomon Brothers Inc
IRS Sends 1996 Tax Packets With ID Codes Amid Holiday Lull
The IRS is mailing 65.5 million 1996 tax packages as most forms stay unchanged after last year’s changes. About one third contain personal identification codes and a 10 minute Touch Tone filing option, with 1040EZ 1040A and 1040 forms available at IRS offices banks post offices libraries online or by fax. Returns are due April 15.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Industrial economy expands as December PMI rises
New York AP reports the nations manufacturing sector grew in December with the NAPM index rising to 54 from 52.7 in November signaling expansion. Prices component climbed to the highest since July 1995, while the Dow ended down 95 points before finishing the day near breakeven.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Management
Norbert Ore
NAPM
Malone Says TCI Overreached in Ambitious Plans
John Malone of Tele-Communications Inc. says the company aimed to transform into a multimedia powerhouse with telephone and Internet services but could not meet those expectations. He vows a more deliberate path focused on cable TV as TCI reconsiders its expansion, including Cedar Rapids franchise takeovers.
MENTIONED IN THIS ARTICLE
New York
John Malone
Tele-Communications Inc
Wall Street Journal
Malone
TCI
Iowa City
Cedar Rapids
Cox Communications
Miller Sues Four Firms Over Farm Chemical Sales
Iowa Attorney General Tom Miller files suits in Jackson Floyd Black Hawk and Dallas counties against Environmental Supply Farmway Chemical Farm-Rite Farm Products and Stockade Inc alleging untrue deceptive phone sales of farm chemicals. Restitution injunctions and civil penalties up to 40000 per violation sought. Cedar County farmer Bob Regennitter testimonies warn of persistent scam calls.
MENTIONED IN THIS ARTICLE
DES Moines
Tom Miller
New York
Miller
Jackson
Floyd
Black Hawk
Dallas
Environmental Supply of
Bohemia
N.Y
Farmway Chemical Inc
Farmingdale
Farm-Rite Farm Products Inc
Ronkonkoma
Stockade Inc
Copiage
Joseph Buoniello
Farmway Chemicals
Iowa
Bob Regennitter
Cedar County
Regennitter
Also Mentioned on This Page
Anamosa Company
J&p Cycles of
Anamosa
John and
Jill Parham
J&p Cycles
At&t
At&t Corp
NCR Corp
NCR
Lucent Technologies Inc
Treasury
Federal Home Loan Mortgage Corp
Bianchi
Spain
Ben & Jerry Hire Perry
Ben Cohen
Ben & Jerry's
Homemade Inc
Perry Odak
South Burlington
VI. Odak
Robert Holland Jr
Heartland Tel
Melicharoun
Exec. Tci
the Gazette
Mark Bowden
Phyllis Fleming
Mark Dukes
Dan Geiser
Duane Crock
Paul W. Jensen
Jerry Elsen
E. Fifth St
Rod Boshart
Johnson County
E. Market St
Lyle Muller
E. Charles St Steer
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