Markets End Week Mixed After Holiday Pause
Nasdaq fell 128.83 to 3863.10 and Dow dropped 77.07 to 10483.60 as IBM led declines while advancing issues narrowly outpaced decliners on the NYSE. Qwest and US West proceed with merger, and Iowa youth programs receive $600 grant for STEM and robotics materials.
MENTIONED IN THIS ARTICLE
IBM
New York Stock Exchange
Iowa
Heinz
General Electric
Fiserv
Heartland Express
Maytag
U.S. Cellular
Iowa State University Extension Office
Linn County
Iowa Farm Bureau Federation Challenge
AccessAir seeks bigger loan line as bankruptcy stretched
A federal judge extended AccessAir credit to 4 million and gave executives more time to resolve creditor disputes. The Des Moines startup suspended flights after 10 months and filed for bankruptcy protection. AccessAir has drawn 2.1 million of a 2.75 million loan from Ryan Inc. and seeks to raise the borrowing cap from Ruan. Delta Air Lines offers early retirement to about 2,500 employees, with a one time 86 million charge.
MENTIONED IN THIS ARTICLE
AccessAir
Ryan Inc
Michael Pankow
Russell Hill
Delta Air Lines
Delta
Root beer drives growth at Millstream Brewing
Millstream Brewing in Amana reports root beer now makes about 40 percent of its sales, with distribution expanding from Iowa to South Dakota and Missouri and planned reach into Wisconsin Illinois and Minnesota. Dennis Henderson notes strong demand and ongoing packaging tests while promoting float sales at events.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Amana
Millstream Brewing Co
Millstream
Iowa
South Dakota
Missouri
Wisconsin
Illinois
Minnesota
Dennis Henderson
Joanne
Millstream Brewing
Hendersons
Elyse Fletcher
Dallas
Fletcher
Anthony
Saudis face pressure over planned oil output rise
OPEC members push Saudi Arabia to drop its plan to add about 500000 barrels per day while analysts expect a push ahead if prices stay high. Libya joins Iran and Iraq in urging Saudi restraint as Brent and WTI futures tumble amid market uncertainty.
MENTIONED IN THIS ARTICLE
London
OPEC
Saudi Arabia
Libya
Iran
Iraq
New York
Kuwait
United Arab Emirates
Riyadh
International Petroleum Exchange
New York Mercantile Exchange
Deutsche Telekom eyes Cable and Wireless in takeover chatter
Deutsche Telekom shares rose as reports said the company may strike a deal with Cable and Wireless PLC, a British telecom giant with operations in about 70 countries. Market value around 50 billion dollars. The talks follow earlier overtures to Sprint and renewed courting of Qwest Communications International. A deal was rumored to be possible after July 19.
MENTIONED IN THIS ARTICLE
US West Communications Inc
Qwest Communications International
Qwest
US West
New York Stock Exchange
Bonn
Germany
Deutsche Telekom AG
Cable and Wireless PLC
Telekom
Sprint Corp
Qwest Communications International Inc
Focus Money
Die Teleboerse
Cable and Wireless
Deutsche Telekom
Iowa insurer settles with rice producers
A Des Moines area insurer agreed to a 3.7 million dollar settlement with thousands of rice farmers. American Agrisurance will fund a 1.65 million dollar research and education program and reimburse 1.2 million to the Federal Crop Insurance Corporation. Most plaintiffs hailed from Mississippi Delta states and Arkansas.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
American Agrisurance Inc. of
Council Bluffs
Federal Crop Insurance Corporation
John Martin
Acceptance Insurance Companies Inc
American Agrisurance
United States
Mississippi Delta
Arkansas
Leading indicators dip in May signaling slower growth
The Conference Board reports the Index of Leading Economic Indicators fell 0.1 percent in May, reflecting weakness in manufacturing and stock prices. The index, at 106 with 1996 as base year, shows the economy still growing but at a slower pace amid prior rate hikes.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
Stein
Fed
Also Mentioned on This Page
Chicago Board of Trade
Midwest
Farm Bureau
Djia
Access Air Credit Line
BizFacts
Sonal Digital Npedabl
OURCE
NPD Group
Pat Carr
Compan
Paul Trap
Rewlett Packard
Kat
John Sicher
Beverage Digest Trade Journal
Wae Ee
aSee
Sicher
Millstream Root Beer
Dennis
Iowa City
Ua Ae
Ai‘ i
KidZone
Hous
Rae A Ee
Mee
Elie
Dee Ani
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