Markets Drop as Banking and Energy Weigh on Stocks
The Dow Jones fell 72.74 points to 7906.25 as banks and energy shares dragged markets. Trading volume was 617.61 million on the NYSE with decliners outpacing gainers about two to one. Eastern Iowa stocks had 14 advances and 26 declines. Terra Industries completed a 340 million purchase of two nitrogen fertilizer plants in England. A Northwest Airlines flight attendant won a 100000 judgment for slander stemming from a 1995 Guam stopover. 52 week Treasuries auction yielded 5.065 percent discount with price 9487.90 per 10000 face value.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
McLeod
Eastman Kodak
United Fire & Casualty
Gillette
Raytheon
Firstar
General Electric
Mercantile
Terra Industries Inc
England
Imperial Chemical Industries PLC
Billingham
Severnside
United Kingdom
Sioux City
Northwest Airlines
Guam
Susan Christ
Stephen Cooper
Treasury
At&t Corp
Citicorp
Exxon
American Stock Exchange
Naborsing
GreyWolf
DOW Jones
Ind
Wis
Indus Tran
Standard & Poor's
Indust Transpt
Ae Ita
Wilshire Associates
Cedar Rapids Ranked No 2 In Sales Market Study
Cedar Rapids placed second among the nations top markets for business sales in a Sales & Marketing Management ranking of America’s 820 metropolitan areas. Boulder topped the list, Des Moines ranked sixth, with Cedar Rapids noted for strong manufacturing buying power and high tech purchases.
MENTIONED IN THIS ARTICLE
Sales & Marketing Management
Cedar Rapids
Aircraft orders fuel November factory gain in 14 months
U S Commerce Department data show total orders rose 2.5 percent to 345.1 billion, led by a 21 percent surge in transportation and a doubling of aircraft orders. Excluding transportation, orders fell 0.3 percent as capital goods slipped 1.5 percent, signaling a potential slowdown amid Asia’s crisis.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
United States
Cheryl Katz
Merrill Lynch
National Association of Purchasing Management
Preferred Risk Rebrands to The Guidant Insurance Group
Preferred Risk Insurance Co renames to The Guidant Insurance Group effective March 2 and broadens its focus beyond non drinkers with a national marketing push. Chairman Darryl Hansen says the change aligns with a 50 year niche founded by William Plymar in Des Moines to serve abstinent drivers.
MENTIONED IN THIS ARTICLE
West Des Moines
Preferred Risk Insurance Co
Guidant Insurance Group
Darryl Hansen
Hansen
Preferred Risk
Des Moines
William Plymar
Payless Cashways chiefs resign in mutual move
Payless Cashways Inc executives Chief Executive Officer David Stanley and President Susan Stanton will leave the company by month’s end. The resignations come after a fast-track Chapter 11 reorganization and the formation of a new board. Acting CEO is Donald Roller, former U.S. Gypsum chief. The retailer operates 164 stores with about $2 billion in sales and 12,500 employees. Stanley, 62, retires to Minneapolis. Stanton, 49, pursues another career.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Payless Cashways Inc
David Stanley
Susan Stanton
Payless
Stanley
Stanton
Minneapolis
Donald Roller
U.S. Gypsum Company
United States
Susan Phillips
University of Iowa
Finance and University Services
Board of Governors
Federal Reserve System
Economists Predict Slower U.S. Growth Despite Crisis
Economists at a Chicago Board of Trade briefing say Southeast Asia turmoil will shave about 0.5 percent from U.S. GDP growth, lower import prices help consumers, and rates may fall boosting home sales. Employment, output rise in late 1997, but 1998 costs ease as capital outlays slow.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Southeast Asia
U.S
James Annable
Chicago Board of Trade
Economic Outlook
Southeast
Asia
Annable
First Chicago
NBC Corp
FedEx to raise domestic rates and launch new service
FedEx will raise domestic package rates by 3 to 4 percent effective February 15, following UPS price hikes. The rise largely exempts large contract customers while new FedEx International Economy Freight will start February 2, promising five business day delivery to Europe, Asia and Latin America.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Federal Express Corp
United Parcel Service
U.S
Mason Kaufman
Express Logistics of
Memphis
FedEx
UPS
FedEx International Economy Freight
Europe
Asia
Latin America
Also Mentioned on This Page
Terra Industries
Wrvices, Inc
Biggs
C.R. No
George C. Ford
Todd Bergen
Bergen
San Jose
Calif
Boston
Omaha
Neb
Bridgeport
Stamford
N.H
Provo
Utah
San Francisco
Trenton
N.J
Orange County
Milwaukee
Fort Collins
Loveland, Colo
Binghamton, N.Y
Nashville, Tenn
Keee Kal
Payless Cashways
Federal Express
Kaufman
Nyse Index
Mons Uncnan
Amex
Poiec
Fin
Industr
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