Merrill Lynch Opens Coralville Office Amid Mixed Markets
Stocks closed mixed as investors awaited key inflation data with the Dow dropping 8.48 to 10 804.27 and the Nasdaq rising 28.49 to 4 274.67. In Iowa City Coralville area, Merrill Lynch opened a new office at 1150 Fifth St Suite 280 Coralville staffed by three consultants offering mortgages insurance and retirement planning.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
General Electric
Conexant
Wal-Mart
WorldCom
Heinz
General Mills
Kellogg
Eastman Chemical
Merrill Lynch
Iowa City
Coralville
Fifth St
Kathleen Masching
LucentTech
AmerOnilines
GemiElecs
Liberty Mdaa S
Philip Morr
American Stock Exchange
SPI Paperenty
JDS Unis
Amex
DOW Jones
Biotech
Indust
Indust Standard & Poor's
Transpt
Transport
Wilshire Associates
Farmland earnings rise on sale of marketing unit gains
Farmland Industries posted net income of $37.1 million for the third quarter ending May 31, up from a loss last year. Revenue reached $3.0 billion, an 11 percent rise, aided by a gain from selling its direct equity in Agriliance and decisions surrounding the Dubuque meatpacking plant sale.
MENTIONED IN THIS ARTICLE
Farmland Industries Inc
Kansas City
Agriliance
Cenex Harvest States
Land O'Lakes
Dubuque
John Morrell & Co
IBP Inc
IBP
North America
Treasury bill rates rise in Monday auctions
The Treasury sold 8.5 billion in three month bills at 5.960 percent, 7.5 billion in six month bills at 6.015 percent. The actual yields were 6.137 percent and 6.290 percent respectively. The Fed reported one year bill yields rose to 6.09 percent from 6.08 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
General Mills to buy Pillsbury in $5 billion stock deal
General Mills to acquire Pillsbury from Diageo for 5 billion dollars in stock and 5.1 billion dollars in debt, creating a top five global food firm. The deal, approved by both boards, plans divestitures of overlapping flour and Green Giant North American canned vegetables, with anticipated cost savings and possible job losses.
MENTIONED IN THIS ARTICLE
General Mills
Pillsbury
Diageo PLC
Cedar Rapids
Iowa City
Steve Sanger
Philip Morris Cos
Nabisco Holdings Corp
Unilever
Bestfoods
Minneapolis
Sanger
North America
Pillsbury-General Mills
New York Stock Exchange
Diageo
U.S
Favored pet hen misses judge's eye at Linn County Fair
Central City hosts a poultry show as Mark Betenbender of Coggon waters and preps nine chickens for judging. He explains bathing with warm water and white soap while a black lab watches, though he worries about one bird he may part with.
MENTIONED IN THIS ARTICLE
Mark Betenbender
Berenbender
Betenbender
Poultry Show Delights at Eastern Iowa County Fair
Betenbender wins top bantam prizes as Turken hen earns praise from Poultry Judge Larry Long of Davenport. The show, with 161 entries, featured a crossbred bantam rooster touted to win a crowing contest if held, as fairgoers enjoyed livestock and other exhibits across a busy day schedule.
MENTIONED IN THIS ARTICLE
Larry Long
Davenport
Betenbender
Iowa
Rick Worcester
Poultry Show
Georgia-Pacific to buy Fort James in $7.5 billion deal
Georgia-Pacific Corp. agreed to acquire Fort James Corp. in a 7.5 billion merger to form the world's largest tissue maker. The deal pays about 37 per Fort James share in cash and stock, plus assuming 3.5 billion in Fort James debt.
MENTIONED IN THIS ARTICLE
Georgia-Pacific
Deerfield, Ill
Georgia-Pacific Corp
Fort James Corp
Fort James
Deerfield
Georgia- Pacific
United States
Canada
Europe
North America
Georgia Pacific
Iowa crops flourish as prices fall on strong forecast
Iowa crops show good to excellent conditions with 79 percent of corn and 72 percent of soybeans rated, boosted by hot humid weather. Futures slip on expected continued good weather, with December corn at 1.91, oats at 1.04, and soybeans at 4.48. Kimmerle finished corn planting by April 29, with tasseling at 67 percent statewide and silking at 50 percent. soybeans blooming at 81 percent. Oats harvest at 28 percent.
MENTIONED IN THIS ARTICLE
Kimmerle
Associated Press
Also Mentioned on This Page
Djia
Commerce Department
May
BizFacts
France
Bureau of Labor Statistics
Rey
C.A
Pillsbury Doughboy
Coggan
By Marlene Lucas
Linn County
Wes
Petting Zoo
Monticello
Chesapeake Bay Corp
Marlene Lucas
Marienel
Fyiowa
Nyse Index
Source
Call Eastern Iowa Enterprise Council
The
EIEC
Non-Profit Organization
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