Stocks Rise for Third Straight Session on Merger Bets
The Dow rose 109.54 to 10,909.38 and the S and P 500 gained 6.77 to 1,334.52 as Nasdaq climbed 45.87 to 2,524.21. East Iowa stocks Advanced 18 vs 19 declines with three unchanged while Bond yields mixed amid Treasury bills sales and a Fed one year yield rise.
MENTIONED IN THIS ARTICLE
Standard & Poor
Iowa
Eastman Kodak
Rockwell
Treasury
Treasury Department
Federal Reserve
Amex
Banks
Biotech
Computer
Indust
Insurance
Telecom
Transport
Associated Press
NEW York Stock Exchange
Cho. AmOnlines
At&t Corps
AlidSignal
LucentTechs
American Stock Exchange
Oracle
DOW Jones
Indus
Standard & Poor's
Low Close Industrie
Transpt
Wilshire Associates
AlliedSignal to Buy Honeywell for 15 Billion Dollars
AlliedSignal Inc will acquire Honeywell Inc in a 15 billion dollar deal creating an industrial powerhouse. The merged group will operate under the Honeywell name with headquarters in Morristown New Jersey and will cut about 4500 jobs within 18 months.
MENTIONED IN THIS ARTICLE
New York
AlliedSignal Inc
Honeywell Inc
AlliedSignal
Honeywell
AlliedSig
Nal
Allied Signal
Morristown
N.J
Minneapolis
Integrat
Farmers consider leaving some wet fields unplanted in Iowa
In south-central Iowa Wayne and Appanoose counties face about 10 percent unplanted corn due to wet soils while 60 percent of soybeans are in, with only 40 percent of remaining soybean acres likely to yield insurance profits. Carl ton notes few replants possible and hay crops deteriorating nationwide.
MENTIONED IN THIS ARTICLE
Wayne
Appanoose
Missouri
Mark Carlton
Iowa State University Extension
Monroe
Wapello
Carlton
Mahaska
Marion
Iowa
Iowa Crops & Weather Report
Statewide Soybean Planting Progress and Erosion Impact
The Gazette notes June 4 moisture levels and acreage goals with 74 percent of soybeans planted last week. Heavy rains increased soil erosion across the state, crusted soil hindered crop emergence, and hail damage was reported in some areas.
Iowa Farmland Rent Drops Below State Average in 1999
ISU survey shows Eastern Iowa rents $5 below state average as low crop prices and a 10 percent fall in government payments curb cash rents. Nationally, Linn and Johnson counties report rates from 138 to 98 dollars per acre for 1999, with ISU economists noting changes take about a year to reflect.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
Iowa State University
Phil Hufford
Iowa State University Extension
Black Hawk County
Area 8
Linn
Johnson Counties
Linn County
Johnson County
William Edwards
ISU
NiSource launches hostile bid for Columbia Energy Group
NiSource Inc started a hostile bid valued at 5.7 billion dollars for Columbia Energy Group, aiming to create one of the nation’s largest natural gas companies. Columbia’s chairman Oliver Richard III said the offer will be considered by the board despite Columbia’s stance that it is not for sale.
MENTIONED IN THIS ARTICLE
Richmond, Va
NiSource Inc
Columbia Energy Group
NiSource
Columbia
National Propane
Cedar Rapids
National
Oliver Richard III
Parsons unit sale won’t trigger immediate move executive says
FindEx Inc. will not relocate Parsons Technology church division from Hiawatha in the near term. CEO Joe Szczepaniak says the 25 employees can transfer, with movement to Wheaton area in Chicago suburbs considered likely in time. He plans staff expansion and notes ongoing Par son marketing to current customers.
MENTIONED IN THIS ARTICLE
Parsons
Exec
Joe Szczepaniak
Parsons Technology
Hiawatha
Parsons’ Church Division
FindEx
Ment
Szczepaniak
Mattel
the Learning Co
Parsons Church
Wheaton
Ill
Consumer credit rises in April driven by cards
U S consumers increased borrowing in April with total credit outstanding excluding mortgage debt rising at a 3.4 percent annual rate to 1.33 trillion dollars. Card use led the gain with a 6.8 percent annualized rise, auto loans up 5.8 percent, while a miscellaneous category fell 7.0 percent.
MENTIONED IN THIS ARTICLE
Washington
Americans
Federal Reserve
Also Mentioned on This Page
Sara Lee
Harnischfeger
Harnischfeger Industries Inc
Bite
Ing
AMP Inc
Cials
Lawrence Bossidy
Bossidy
Michael R. Bonsignore
Bassidy
Twin Cities
By Marlene Lucas
Agazette Rural Affairs
Iowa Agricultural Statistics
Edwards
Val
Benton Rieck Hawk
Buchan
Johnson, Linn, Poweshiek
Tama
99 Gazette Graphic
Columbia Energy
Nyse Index
Iowa Mortgage Guaranty Corp
U.K
16Th Ave. S.W
Lowa
Rheanne
Melissa
Brenda
GazetteOnline.com
Mark Bowden
Phyllis Fleming
Metro-Iowa
Mary Sharp
Dave Morris
J.R. Ogden
Dan Geiser
Duane Crock
Paul Jensen
Jerry Elsen
Life & Leisure
Ombudsman
Kenneth Starck
Gazette Company
Joh
Nson County
Lyle Muller
E. Market Street
Iowa City
James Lynch
E. Charles Street Oelwein
Des Moines
Rod Boshart
Fifth Street
Gazette
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