Quiet Wall Street Mixed as AT&T MediaOne Deal Moves Forward
Markets ended near flat with the Dow up 20.54 to 10 815.30 and the Nasdaq at 3 821.76. RF Micro Devices, McLeodUSA and others moved while exchanges saw 1.02 billion NYSE shares. AT&T and MediaOne approval hinges on asset divestitures by May 19 2001. Farmers to receive 462 million in farm aid payment under Congress package with 593 per 100 acres soybeans.
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New York Stock Exchange
Iowa
RF Micro
McLeodusa
Conexant
Wells Fargo
Eastman Chemical
Firstar
Maytag
General Electric
At&t Corp
MediaOne
Federal Communications Commission
At&t
Justice Department
Congress
Agriculture Department
Motorola
LucentTech
American Stock Exchange
Indus
Standard & Poor's Industries
Wilshire
Wilshire Associates
Treasury bill rates mixed in Monday auction
The Treasury sold 8.5 billion in three month bills at 5.800 percent and 7.5 billion in six month bills at 6.040 percent. The discounted yields imply 5.968 percent for three months and 6.318 percent for six months. The Fed reported one year bill yields rose to 6.30 percent from 6.28 percent.
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Treasury
Treasury Department
Federal Reserve
Alliant and Corn Products to Build Argo Power Plant
Alliant Energy Resources plans a 750 megawatt co generation plant near Chicago with Corn Products International. Argo Power LLC will cost about 415 million dollars and serve over 250000 homes, using natural gas and combined cycle tech.
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Argo Power LLC
James Hoffman
Alliant Energy
Hoffman
Corn Products
Bedford Park
Summit
Alliant Energy Resources
Iowa Farmland Values Rise 3 Percent in First Quarter Survey
A Federal Reserve Bank survey of over 360 agricultural bankers shows Iowa farmland values up an average 3 percent in Q1 to about 2773 per acre, with gains strongest in the southeast and East Central regions. Central Iowa values were unchanged.
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Iowa Farm & Land Chapter 2 Realtors Land Institute
Iowa
Wettest fields in East Central Iowa crop report
East Central Iowa remains the state's wettest district with 92 percent of topsoil adequate and 2 percent surplus. Farmers report yellowing corn, damp hay, and mold as wet conditions persist, while statewide rainfall averaged 1.55 inches last week.
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Iowa
East Central
Iowa Crops & Weather Report
South Central District
Sidney
Dorchester
Supreme Court Allows Telecom Use of Customer Data
The Supreme Court ruled that telephone companies may continue using customer information such as usage habits to market other services without prior consent. They may target pitches via phone bills if disclosure is made and customers do not object, reversing an appeals court decision that struck down FCC rules from the 1996 telecommunications law.
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Washington
Supreme Court
Federal Communications Commission
Bt corn safe for butterflies in field study
University of Illinois researchers found no harm to black swallowtail butterflies when placed near Bt corn fields, a finding reported in the Proceedings of the National Academy of Sciences. The study addresses fears sparked by earlier lab results linking Bt corn to monarch declines.
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University of Illinois
National Academy of Sciences
Cornell University
Biotech
May Berenbaum
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