Market gains as earnings impress but caution persists
Stocks closed higher on light activity after several firms posted strong second quarter results. The Dow rose 6.75 to 3337.31 while the NYSE saw more advancers than decliners. Treasury yields fell across six month and three month bills amid subdued trading. Northwest Airlines signaled discounts for bulk corporate buyers amid a looming fare war with American. Alcoa posted a quarterly loss with charge and announced large job cuts. Iowa egg production boosts state economy as per USDA data.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
June gains for Cedar Rapids home builders show rising permits
Cedar Rapids building records reveal 49 new construction permits in June for 23 single family homes seven apartment buildings seven duplexes two condominiums and a town house. Remodeling and repair permits rose to 519 while non residential permits reached 192. total new construction value was 6,350,955 versus 6,829,641 in June 1991.
MENTIONED IN THIS ARTICLE
Cedar Rapids
U S trio to base memory chip work at IBM New York center
Toshiba Siemens IBM form alliance to design 256 million bit memory chips at IBM East Fishkill lab New York with production after decade end. U S equipment share supports domestic chip makers as partner costs approach 1 billion dollars and research centers push next generation 64 to 256 million bit chips.
MENTIONED IN THIS ARTICLE
New York
U.S
Japan
Toshiba
Germany
Siemens
IBM
East Fishkill, N.Y
Ted Kadoya
William Spencer
Sematech
International Business Machines Corp
Toshiba Corp
Siemens AG
Attardo
Six Firms Found Negligent in Maryland Asbestos Trial
A Baltimore Circuit Court jury found six companies GAF Corp Keene Corp Pittsburgh Corning Corp AC&S Inc MCIC and Porter-Hayden Co negligent and liable for asbestos products in the nation’s largest consolidation of claims The four month trial grouped about 8555 claims and will move to a phase to determine compensatory and punitive damages The verdict supports plaintiffs mainly former craftsmen and tradesmen who worked with asbestos materials
MENTIONED IN THIS ARTICLE
Baltimore
GAF Corp
Keene Corp
Pittsburgh Corning Corp
Ac&s Inc
McIc and
Porter-Hayden Co
Maryland
Peter Angelos
Edward Houff
Wet week hits Iowa crops with hail and high winds
Iowa faced a soggy week as storms produced the wettest period in 15 months, delivering 2.92 inches of rain statewide and causing crop damage from hail and high winds. Corn tasseling reached 10 percent with an average height of 51 inches. soybeans 90 percent cultivated with 30 percent blooming. topsoil and subsoil moisture shifted toward adequacy, and temperatures ranged from 92 to 53 degrees as the state reported varied crop ratings and moisture levels.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Jack Bailey
West Des Moines
Iowa Area Development Group
U.S. Department of Agriculture
Denison
Carroll
Traer
Clutter
Tama County
State Agriculture Department
NEW York Stock Exchange
Ansport
Citicorp
FordMotor
Compar
American Stock Exchange
PlainRose
EngySvc
Hasbro
ResurgCom
Telcma
Intel
Amex
DOW Jones
Standard & Poor's Utilities
Indust Arn
Associated Press
Riday
Also Mentioned on This Page
Wall Street
Washington
Treasury
Treasury Department
Federal Reserve
Northwest
San Francisco
Northwest Airlines
National Business Travel Association
John Dasburg
American Airlines
American
At&t
American Telephone & Telegraph Co
Communications Workers of America
International Brotherhood of Electrical Workers
Telephone Company
Berthel
Dallas
Thomas Berthel
Texas
Berthel Fisher & Co
T.J. Berthel Enterprises Inc
Intellicall Inc
Carrollton
Intellicall
T.J. Berthel Enterprises
Alcoa
Pittsburgh
Alcoa Corp
Quad Cities
Ovgfe Tree Air Rights
C.R
J.S. and
Winelab
East
Tet Ave
Avalli
CET
ESS Printing Services
Edgewood Rd
Cedar Rapids Area
Cedar Rapids Building Department
Djia
N.Y
Beaconsfield
Keosauqua
Lamont
Clarion
Midland
Midland Savings Bank
7Th Avenue
Marion
Edgewood Road
N.W
Mount Vernon Road
5.E
FDIC
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!