Stocks end month with tiny loss on three day rally
The Dow fell 66.52 to 7906.50 as profits took hold after a three day gain that capped a record run for January 1998. Eastern Iowa stocks showed mixed moves with 18 gainers and 22 decliners amid heavy volume and several company updates from ADM, Proffitt's, Amtrak, Pac Bell, and DuPont.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Rockwell
International Paper
Gillette
United Technologies
Heartland Express
AEGON
Ralcorp
Federal tax money flows to Iowa in 1996
A Northeast-Midwest Institute report shows Iowa received 13.4 billion dollars from the federal government in 1996, averaging 4 701 dollars per resident. The state posted a net gain of 59 dollars per person while ranking 35th in per capita spending. Virginia led and Wisconsin ranked last.
MENTIONED IN THIS ARTICLE
Uazette
Washington, D.C
Iowa
Northeast-Midwest Institute
U.S
Virginia
Wisconsin
Social Security Administration
Department of Labor
Railroad Retirement Board
Federal Spending by Department and Agency in Iowa 1995 96
The Northeast Midwest Institute reports Iowa health care costs covered by Medicare reached 1.7 billion for the elderly. Education and HUD allocations to Iowa totaled 346 million and 226 million respectively. FEMA grants to Iowa were 12.9 million in 1996. The Postal Service expended 708 million in Iowa, up 8 percent from 1995. White House expenditures fell from 68 thousand in 1995 during a National Rural Conference in Ames to zero in 1996.
MENTIONED IN THIS ARTICLE
Department of Health and Human Services
Iowa
Department of Agriculture
Conservation Reserve
Air Force
Navy
Medicare
Department of Education
Department of Housing and Urban Development
Federal Emergency Management Agency
The
Postal Service
White House
Clinton
Ames
BusinessWeek profiles McLeodUSA founder Clark McLeod
BusinessWeek highlights Cedar Rapids based McLeodUSA Inc and founder Clark McLeod in its February 9 issue. The piece traces his prior Teleconnect and Telecom USA ventures, the 1990 MCI buyout, and McLeodUSA growth to 4100 employees after the 1997 Consolidated Communications acquisition.
MENTIONED IN THIS ARTICLE
Danzette Financial
McLeodusa Inc
Clark McLeod
BusinessWeek
McGraw-Hill Companies
New York
N.Y
Cedar Rapids Telecommunications Company
Roger O. Crockett
Teleconnect
Teleconnect Co
SouthernNet
Atlanta
Telecom* USA
At&t
MCI
Sprint
Telecom*usa
McLeod
McLeodusa
Consolidated Communications Inc
Mattoon
Ill
CCI
PCS Digital Wireless
Wall Street Journal
United States
Deloitte & Touche LLP
Mount Vernon Pizza Palace wins Chamber Merchants of the Year
A year after a December 1996 fire devastated Mount Vernon’s Pizza Palace and seven months after reopening, owners Larry and Faye Alger receive the Mount Vernon Chamber of Commerce Merchants of the Year award. The chamber also honors Sue Snyder with ABC award and Ann Booth as Citizen of the Year.
MENTIONED IN THIS ARTICLE
Mount Vernon Chamber
Pizza Palace
Adam Lowenstein
Gazette
Mount Vernon
Larry
Faye Alger
First St. West
Algers
Burt Wiesselman
The
Chamber
Sue Snyder
Above and
Beyond the Call
ABC
Ann Booth
Faye
Larry Alger
Iowa labor group opposes MCI WorldCom merger
The Iowa Federation of Labor AFL CIO executive board voted to oppose the proposed 37 billion merger of MCI Communications and WorldCom. They warn of higher prices, reduced universal service, potential 75 000 jobs lost nationwide and near monopoly Internet control harming Iowa families and consumers.
MENTIONED IN THIS ARTICLE
George C. Ford
Universal Service
MCI
WorldCom
Iowa
1997 Ends With Strong GDP Growth and Low Inflation
The Commerce Department reports 1997 expanded at 3.8 percent with a 4.3 percent gain in Q4. Inflation measured by GDP rose 2.0 percent for the year, the smallest since 1965, as the economy neared its seventh year of expansion with robust output. Economists noted the quarter as especially strong.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Everett M. Ehrlich
ESC Co
Also Mentioned on This Page
ADM
Archer Daniels Midland
Reinhard Richter
ADM Mexico
Harold Baker
Richter
Mexico
Mark Whitacre
Whitacre
BioProducts
Proffitt
Proffitt’s Inc
Carson Pirie Scott & Co
Carson’s
Milwaukee
Wis
Birmingham
Proffitt’s
Younkers
Amtrak
TSM Inc
Kansas City
TSM
Rockwell Collins
Cedar Rapids
Lorton
Sanford
Fla
Pac Bell
Pacific Bell
State Public Utilities Commission
Federal Communications Commission
DuPont
Cambridge
England
Dalgety PLC
Protein Technologies International
Hi-Bred International
Bortom Livers
By Marlene Lucas
Sorce
Northeast Midwest Institute
Interior
Justice
State
Treasury
Veterans Affairs
Wazeue
David Lee Hardage
McI-Worldcom
Iowa Union Group
Iowa Federation of Labor
Federal Reserve
Roth Ira
Everen Securities, Inc
Everen
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