Market slide pins Dow below 6660 as inflation report looms
Financial markets softened with the Dow Jones shedding 35.79 to 6660.69 in a fourth straight down day ahead of a key inflation report. Bond yields rose to four month highs while NYSE volume fell from last week's peak. Terra Industries reported a quarterly earnings jump but weaker full year results. AmerUs Bank to begin ATM fees March 1. APAC Farmers service agreement promises 24 hour claims. Treasury yields drift higher on three and six month bills. A manure management workshop is set for Feb 26 in Marion with free registration.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Procter & Gamble
Quaker Oats
Weyerhaeuser
Terra Industries Inc
Sioux City
Treasury
Treasury Department
Federal Reserve
Linn County Extension Office
12Th St
Marion
Hilton launches hostile bid for ITT Corp
Hilton Hotels Corp. launched a cash and stock offer valued at about 10.5 billion including debt to buy ITT Corp., owner of Sheraton, Madison Square Garden, the Knicks and Rangers. Hilton proposes 55 a share in two parts and would take the offer directly to ITT shareholders. ITT shares jumped 34 percent while Hilton fell slightly.
MENTIONED IN THIS ARTICLE
New York
Hilton Hotels Corp
ITT Corp
Sheraton
Madison Square Garden
New York Knicks
Rangers
ITT
Hilton
Las Vegas
Stephen F. Bollenbach
New York Stock Exchange
Nasdaq reduces trading costs under new rules
The AP analysis of 50 Nasdaq stocks shows daily savings from the new rules between 1.5 million and 2.5 million dollars. The tightening aims to shrink spreads the gap between best buy and sell prices, cutting trading costs and boosting competition after SEC and Justice Department findings of inflated profits.
MENTIONED IN THIS ARTICLE
First Security Corporation
Coherent Incorporated
HNC Software Incorporated
Pacificare Health Systems Incorporated
Remedy Corporation
Atlas Air Incorporated
3Com Corporation
Dell Computer Corporation
Washington
Associated Press
Securities and Exchange
SEC
Justice Department
Iowa Loses More Households Than It Gains in 1996 Survey
United Van Lines reports 1 769 outbound versus 1 589 inbound shipments from Iowa in 1996. Nevada leads inbound migration among states, while North Dakota shows high outbound migration. The carrier handled about one in four professional intercity moves that year.
MENTIONED IN THIS ARTICLE
Iowa
United van Lines
Fenton
North Dakota
United
United’s
Nevada
Contiguous States
United Survey
Mississippi River
Patrick Larch
Pilots Edge Toward Picket Lines Over Contract Fight
American Airlines pilots begin informational picketing in several cities, starting at Dallas Fort Worth International. Allied Pilots Association members rejected a four year deal 61 percent earlier this month, with cooling off period ending Feb 15 and no talks until Feb 10 at a Washington mediation session.
MENTIONED IN THIS ARTICLE
Dallas
American Airlines
Allied Pilots Association
Dallas-Fort Worth
Gregg Overman
AMR Corp
Existing home sales set 1996 record amid easing pace
U S government data show 1996 existing single family home sales rose 7.5 percent to 4.09 million, topping the 1978 record of 3.99 million, aided by favorable rates though activity cooled toward year end with a 3.5 percent December drop to a 3.87 million annual pace. The report notes mortgage costs eased slightly in 1996 versus the 1980s high, supporting affordability and activity.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
John Tuccillo
Midwest
American Express to lay off 3300 workers in 1997
American Express plans to cut about 5 percent of its staff in 1997, with two thirds of cuts overseas and many from travel operations. The move accompanies a 55 percent rise in Q4 profits to 595 million on revenue of 4.26 billion, aided by a 300 million gain from selling First Data stake and a 138 million restructuring charge.
MENTIONED IN THIS ARTICLE
American Express
New York
American Express Co
Michael O'Neill
First Data Corp
Also Mentioned on This Page
Terra
AmerUs Bank
Des Moines
APAC
Apac TeleServices Inc
Farmers Insurance
Farmers
Deerfield
Ill
Cedar Rapids
Los Angeles
Grizz Pull
Bollenbach
Four Points
33Rd Ave
Zazza Ltd
Nasdaq
Microsoft Corp
Intel Corp
State
Southwest
New England
al Comeaux
American Eagle
Jerry K.ask Investment Services
Aegon USA Securities
Copyworks
1St Ave
E Transport
American Stock Exchange
Ith
EchoBay Viacom
Oracle
DOW Jones
Ing
Biotech
Standard & Poor's Finance
Indus
Transport
Anna
Wilshire
Wilshire Associates Ety A
Toi Ois
Arkwy Mortgage. Ing
C.K. Chamber of Commerce
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!