Airlines and banks pace holiday price and loan shifts
Airlines plan across the board fare hikes starting Tuesday with United leading a 4.4 percent rise amid American and Northwest increases. Moody's downgrades Aetna Life credit rating citing real estate exposure despite 4,800 layoffs and a $1.4 billion cash infusion. Des Moines area electric customer move under IES Industries receives regulator thumbs down yet proceeds with a $60 million sale. New diesel shop closures announced affecting 64 workers in Council Bluffs as three shops consolidate. Hawkeye Bancorp launches low interest MasterCard and Visa cards with no annual fee. Mortgage rates fall to near 18 year lows and VA loan caps adjust on Monday.
MENTIONED IN THIS ARTICLE
New York
United Airlines
United
American Airlines
Northwest Airlines
Hartford, Conn
Moody’s Investors Service
Aetna Life & Casualty Co
Moody’s
Aetna
Des Moines
Iowa Utilities Board
IES Industries
Union Electric Co
St. Louis
State Office of
Consumer Advocate
Illinois
Missouri
Henry, Lee
van Buren
Iowa Electric Light and Power Co
Cedar Rapids
Hawkeye Bancorp
Hawkeye
Iowa
MasterCard
Visa
USDA relief for Iowa farms amid drought and CRP changes
Iowa farmers receive drought relief with 3 inches of rain and authorization to hay or graze CRP and AC R CU land in 67 of 99 counties. Farmers must forfeit part of 10 year production payments in exchange for emergency haying and grazing through Sept. 30 with limits on acreage use and one hay cut.
MENTIONED IN THIS ARTICLE
Iowa
U.S. Department of Agriculture
USDA
Terry Branstad
Edward Madigan
U.S
Counties
Adair
Allamakee
Appanoose
Audubon
Benton
Black Hawk
Boone
Bremer
Buchanan
Butler
Cedar
Cerro Gordo
Chickasaw
Clayton
Clinton
Dallas
Davis
Delaware
Des Moines
Dickinson
Dubuque
Emmet
Floyd
Fayette
Franklin
Greene
Grundy
Guthrie
Hamilton
Hancock
Hardin
Henry
Howard
Humboldt
Jackson
Jasper
Jefferson
Johnson
Jones
Keokuk
Kossuth
Linn
Lee
Louisa
Lucas
Mahaska
Marshall
Mitchell
Monroe
Muscatine
Page
Palo Alto
Polk
Poweshiek
Scott
Story
Tama
van Buren
Warren
Wapello
Washington
Webster
Winnebago
Winneshiek
Worth
Wright
Branstad
Agri
Merlin Plagge
Sheffield
Iowa Farm Bureau Federation
Plagge
Madigan
AT&T union contract calls for 12.3 percent pay rise
A tentative AT&T labor agreement with CWA and IBEW would raise wages up to 12.3 percent over three years and add benefits. The deal, retroactive to May 31, 1992, also tightens job security, expands pensions, and doubles family care leave, with ratification pending union votes.
MENTIONED IN THIS ARTICLE
Washington
American Telephone & Telegraph Co
At&t
William Ketchum
Morton Bahr
Communications Workers of America
CWA
International Brotherhood of Electrical Workers
Cedar Rapids
Iowa City
National Credit Center
Third Ave
Bahr
Jim McGann
Louise Caddell
Squeezing profits from word processing in business
The author argues executives should draft their own letters and documents on computers to cut costs and boost productivity. A recent 90 minute milestone showed rapid, paperless production via graphics programs and modem transmission, reducing reliance on secretaries and speeding letters. The piece cites Megatrends and urges managers to weigh payback periods for computer adoption.
MENTIONED IN THIS ARTICLE
Business Office of Tomorrow
John Naisbitt
Cedar Rapids
Third Ave
Town
Rate cuts fail to spark market
The stock market closed mixed as rate cuts failed to lift sentiment. The Dow fell 23.81 to 3330.29 after a week of gains, while overall volume rose to about 220 million shares. Unemployment jumped to 7.8 percent in June, with payrolls down 117,000, offsetting optimism from Fed and bank rate cuts.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
AEGON
Procter & Gamble
Boatmen’s Bancshares
International Paper
Federal Reserve
Wall
Auto Group
General Motors
Ford Motor
Chrysler
Citicorp
J.P. Morgan
BankAmerica
Chemical Banking
Federal National Mortgage
Also Mentioned on This Page
Utilities
C&nw
Council Bluffs
Chicago & North Western Railroad
Leslie Cleveland Hague
Marshalltown
Chicago
Federal Home Loan Mortgage Corp
Department of Veterans Affairs
Ouija
Steven P. Rosenfeld
Cultural Stabilization and Conservation Service
Coca-Cola
Teamsters Union
Atlanta
Teamsters
Scott Clark
HTC Group Syndicate
New York Stock Exchange
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