Stocks end January march higher led by tech gains
The Dow rose 84.95 to 7732.13 as tech stocks drove the best start of the year. Eastern Iowa shares saw 27 gainers, 10 decliners, and five unchanged while P&G announced price increases on Charmin Bounty and Puffs due to higher pulp costs. The Pork Council skipped the Super Bowl to reroute 14 million in ads, and Management Recruiters International forecast hiring to rise in early 1998 with 56 percent expecting growth.
MENTIONED IN THIS ARTICLE
U.S
Asia
New York Stock Exchange
Iowa
AEGON
Rockwell
United Technologies
Eastman Kodak
Procter & Gamble
Procter & Gamble Co
Bounty
P&g
Scott Stewart
Iowa City
National Pork Producers Council
Nissan Motor Corp
Porsche
Green Bay
Denver
Management Recruiters International Inc
CDI Corp
toTech
T Corp
Philip Morrs
American Stock Exchange
SPDR
GreyWolf
EchoBay
Intels
Oracle
CorpExp S
Apii Mass
3Com
DOW Jones
Amex
Ind
Biotech
Standard & Poor's Finance
Indust Insurance
Indust
Associated Press
1997 Inflation at 11 year low amid cheaper goods
Washington reports 1997 inflation at 1.7 percent for the year, the best since 1986. December prices rose 0.1 percent, with cars, gasoline, and chicken driving the drop, while analysts expect tame inflation to continue into 1998.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Leach Warns Asia Crisis Jeopardizes Iowa Farms
Rep. Jim Leach warns Iowa's farm based and export reliant economy is in jeopardy due to the Asian crisis. He cites downward pressure on grain and livestock prices and plans a House Banking Committee delegation to Asia, including Bruce Vento Ken Bentson and Jesse Jackson Jr. The trip runs from Washington to Tokyo Seoul Beijing and Hong Kong with a return Jan. 26.
MENTIONED IN THIS ARTICLE
Leach
Iowa
David Lynch Gazette
Washington Reporter
Washington
Asia
Jim Leach
House Banking Committee
U.S
Bruce Vento
Ken Bentson
Texas
Jesse Jackson Jr
Ill
Tokyo
Seoul
Beijing
Hong Kong
Record soybean harvest highlights big crop year
The Agriculture Department reports near ideal weather and deregulated planting spurred a record soybean crop and large corn, wheat and cotton harvests for 1997. Iowa set a soybean record of 484 million bushels, with corn at 1.66 billion bushels and wheat at 2.53 billion, while overall production rose slightly from 1996.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Agriculture Department
Iowa
uU.o. Lvl
Iowa City banks to acquire Conrad bank in deal details
Central Iowa Bancorporation of Iowa City will acquire Conrad Bancorporation which owns First State Bank of Conrad. ISB Financial Corp. remains majority holder, plus minority shares held by James Molloy and Dorothy King. Completion expected early in Q2 1998 with First State Bank remaining separate.
MENTIONED IN THIS ARTICLE
Iowa News Service
Central Iowa Bancorporation
Iowa City
Conrad Bancorporation
Conrad
First State Bank
ISB Financial Corp
Iowa State Bank and Trust Co
James Molloy
Dorothy King
Iowa
W. Richard Summerhill
Blue Cross Ends Alliance With Delta Dental in Iowa
DES MOINES AP An unsuccessful bid by Wellmark Blue Cross Blue Shield of Iowa for more control of a Delta Dental Plan of Iowa program ended their 24 year partnership. Delta Dental's autonomy led to the split effective Dec 31 affecting 500000 customers and about 60 Blue Cross employees.
MENTIONED IN THIS ARTICLE
DES Moines
Wellmark Blue Cross
Blue Shield of
Iowa
Delta Dental Plan of Iowa
John Forsyth
Blue Cross
Cliff Gold
Delta Dental
Gold
Pete O'Meara
Delta of
O'Meara
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Clinton
Teddy Roosevelt
Arce
Iona Agricultural Statistics Gazette Graphic
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Phe
Lai
Iowa City Bank
The
Gazette
the Gazette
Standard & Poor
New York
P.O. Box
Outlook
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