Major corporate shifts as AEGON MONY deal closes
AEGON USA completes the MONY group pension acquisition transferring 6.3 billion in assets and liabilities to a subsidiary. Diversified Investment Advisers of Purchase will be managed by former Mutual Life executives, with about a dozen new jobs expected in Cedar Rapids. Gillette to cut 2,000 jobs amid realignment while maintaining overall headcount through international shifts, and Ford raises prices across 11 car lines and six light trucks, boosting 1994 model pricing by about 0.8 percent. Pioneer Hi-Bred secures a patent for a maternally inherited low saturated fat sunflower trait reducing stearic acid in oil.
MENTIONED IN THIS ARTICLE
AEGON
Aegon USA Inc
Mutual Life Insurance Company of New York
MONY
Aegon USA Life Insurance
Diversified Investment Advisers
Purchase
N.Y
Mutual Life
Aegon USA
Cedar Rapids
Ford Motor Co
General Motors Corp
Ford
Pioneer
Hi-Bred International of
Johnston
Nike Sues Apex One Over False Advertising and Spotting
Nike filed a federal lawsuit in New Jersey alleging Apex One supplied NFL players with logo stickers to place on Nike shoes. Nike says players paste Apex logos on Nike footwear to misrepresent brand affiliation, a practice the company calls spotting.
MENTIONED IN THIS ARTICLE
Nike
Apex One
NFL
New Jersey
U.S. District Court
Apex
Beaverton, Ore
Justices Back NAFTA As Is
The Supreme Court let stand a ruling allowing NAFTA to win congressional approval without a formal environmental impact statement. The Sierra Club and Public Citizen argued the agreement would harm air quality near the border and threaten U.S. rules on recycling auto emissions and hazardous materials, but their mootness was deemed sufficient.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
NAFTA
Clinton
Congress
The
Sierra Club
Ralph Nader
Public Citizen
U.S
Canada
Mexico
Telecom USA buys Metropolitan Publishing, expands Missouri reach
Telecom USA Publishing Co. buys Metropolitan Publishing Corp. of Springfield Missouri adding about 18 Missouri and 15 Cedar Rapids employees. Metropolitan serves 10 directories in Missouri and Iowa, boosting Telecom USA to 2,209 communities across 10 states with planned growth into 1994 and 1995.
MENTIONED IN THIS ARTICLE
George C. Ford
Metropolitan
Jefferson City
Columbia
Lake of the Ozarks
Sedalia
Warrensburg
Fort Leonard Wood
Rolla
Lebanon
Marshall
Barry
Lawrence
Callaway
Christofferson
Telecom
Xusa
Missouri
Kansas
Telecom*xusa
Iowa
Christoffersen
Telecom*usa
Thirty years later smoking decline outpaces lobbying
The 1964 surgeon general report sparked a 20 percent drop in cigarette use in the three months after its release. Smoking fell from about 1,000 to 800 cigarettes per person in the period, with 42 percent of Americans smoking in 1964 and 26 percent now, while activists note ongoing battles with the tobacco lobby.
MENTIONED IN THIS ARTICLE
New York
U.S. Public Health Service
United States
U.S
Charles LeMaistre
M.D. Anderson Cancer Center
Houston
Michael Eriksen
Surgeon General’s Office
Eriksen
Optimism propels stocks to new highs
The Dow Jones rose 44.74 to 3865.51 in intraday trading as it set a fourth straight record, with the NYSE seeing 11 advances for every 7 declines. Eastern Iowa movers included Deere & Co rising 2 percent to 76, Procter & Gamble up 2 percent, and Raytheon, Weyerhaeuser, Rockwell, General Mills and Gillette all edging higher.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
Deere & Co
Procter & Gamble
Raytheon
Weyerhaeuser
Rockwell
General Mills
Gillette
Jackson Michigan Tops Affordable Housing Index Lead
The National Association of Home Builders reports Jackson Michigan had the nation’s top affordable market in July September with a Housing Affordability Index score of 94.8 reclaiming the title last held in 1992. The Quad Cities Davenport area ranked 16th at 90.0 and Des Moines 34th at 86.6.
MENTIONED IN THIS ARTICLE
Washington
Midwest
Jackson
Mich
National Association of Home Builders
Quad Cities
Davenport
Des Moines
USDA maps genetic road to leaner beef and pork
USDA research in Nebraska unveils a genetic road map to produce leaner meat and healthier animals. The map aims to speed breeding by identifying cattle and swine with genetic resistance to diseases and reduced pathogen risk, with new technologies expected in three to five years and broader impacts within 15 years.
MENTIONED IN THIS ARTICLE
USDA
Dan Laster
Meat Animal Research Center
MARC
Clay Center
Neb
Laster
Espy
Dean Plowman
The
Agricultural Research Service
Also Mentioned on This Page
Gillette Co
Oral B Laboratories
Iowa City
Farcus
David Wais Gordon
EasyAnswer
Ldds Metromedia
Crystal Clear
At&t
MCI
Sprint
LDDS
Metromedia
Metropolitan Publishing
2001 Development Corp
Town Centre
Arthur Christofferson Telecom
USA
Mel White
Public Health Service
Surgeon General
New York Stock Exchange
David Lynch
Abacus
1St Ave
Aurpha Employment
Guaranty Bank and Trust Company
Guaranty Bank and Trust Co
FDIC
Main Bank
Third Ave
Third St. S.E
42Nd Street
42Nd St. N.E
Cedar Hills
Jacelyn Dr. N.W
Marion
7Th Ave
25Th St
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