Kodak revamps film line with discount option and reformulated tops
Eastman Kodak unveils a new strategy to refresh its consumer film lineup. It will relaunch Ektar as Royal Gold and reformulate Kodak Gold while introducing Funtime as a low-cost option in spring and fall. The plan, paired with 30 new products and computer kiosks, aims to ward off price competition from Fuji and Konica and keep customers loyal amid slipping margins.
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Jerre Stead
Terra Industries posts narrower fourth quarter loss in 1993
Terra Industries reports a 1993 fourth quarter seasonal loss of 5.5 million, down 13 percent from 6.4 million a year earlier, with Q4 sales up 55 percent to 167.2 million. For 1993, full year profit fell to 22.8 million on nearly 1.24 billion in sales.
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Des Moines
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Stocks end modestly higher as Dow gains on rally
Wall Street closed with the Dow up 12.66 at 3908.00 as late trading boosted indices. The S P 500 rose to 473.20 while advancing issues beat decliners about 4 to 3. Eastern Iowa stocks included Allied Group up 2 percent and Penwest up 1 percent. Deere fell 1 percent.
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Associated Press
No-till show tracks shift in conservation gear in Iowa
Equipment at the Eastern Iowa Conservation Tillage Show has shifted over 15 years as no-till farming grows. Don Haisch and Kurt Hoeft note a move from tillage implements to spraying tools and residue management devices with soybean drills leading the trend. Attendance dropped to about 2,000 due to weather, down from 3,200 to 3,500.
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Iowa Senate backs voluntary alternative phone rate rules
Senate Commerce Committee approved allowing the Iowa Utilities Board to set voluntary alternative rate regulation for phone companies serving 15,000 or more customers. Eligible firms could choose a two year minimum with plans including earnings sharing and network modernization as regulators shift away from traditional rate base models.
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Clinton backs phone competition bills in Congress
The Clinton administration endorsed a House bill to let regional telephone firms offer long distance service and manufacture telecom equipment. Assistant Attorney General Anne K. Bingaman urged quick passage as part of Vice President Gore’s push to expand modern communications for Americans.
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