Stocks Slip as Profit Fears Damp Fed Rate Outlook
Wall Street fell on Wednesday with the Dow down 78.22 to 8971.70 as weak profits countered a brighter rate outlook. NYSE volume rose to 733.36 million shares while 14 Eastern Iowa stocks rose, 16 fell, and two were unchanged. Wal Mart led gains at 59 and spurred a mixed regional market amid corporate notices including Mitsubishi settlement talks and Pioneer Hi Bred’s new 8.5 million soybean facility plans in Woodhull Illinois. Wal Mart Food and Drug Express prototypes were announced in Arkansas . a World Ag Expo reunion set for September 13 at the Amana Colonies building with details available from organizers.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
Iowa
Wal-Mart
United Technologies
AEGON
MCI
National Computer Systems
Eastman Kodak
Gillette
Procter & Gamble
Pioneer Hi-Bred International Inc
Johnston
Woodhull
Ill
Quad Cites
Interstate 74
Henry County
Pioneer
Cherokee
Litchfield
D1l
Chatham
Ontario
Canada
Amana
Morton
Amana Colonies
Herb Plambeck
Amana Meat Shop
R.C. Elbacker
Robin Hennes
Boone firm moves to larger plant in Boone Industrial Park
Communications Data Services Inc relocates its Boone operations to a 50,000 square foot facility in the Boone Industrial Park. The company also operates a Wilton facility and employs about 200 people.
MENTIONED IN THIS ARTICLE
Communications Data Services Inc
Boone
Wilton
Greenspan Says Economy At Peak. Fed Holds Tight Policy
Federal Reserve Chairman Alan Greenspan told Congress that the United States enjoys strong growth and low inflation but warned the Fed could raise rates to curb a potential labor shortage. He noted unemployment at 4.3 percent and inflation near price stability, with rate hikes possibly delayed until August.
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Washington
Federal Reserve
Alan Greenspan
Greenspan
Congress
Joint Economic Committee
U.S
Central Bank
Fed
Farmers Bank of Waterloo Rebrands as Bank Iowa
Farmers Bank of Waterloo announces a name change to Bank Iowa to reduce confusion with other Farmers named banks. The bank remains staff, account numbers, and branches in Cedar Falls Independence Jesup and Lamont. Open houses will run 9 a.m. to 4 p.m. through June 19 across all branches.
MENTIONED IN THIS ARTICLE
Leytze
Theresa Jenkins
Farmers Bank
Fidelity Bank Corp
Benton County Savings Bank of
Norway
Iowa
Bank Iowa
Washington D C Tops Livable Large Cities in East
Money magazine ranks Washington D C as the best large metropolitan area to live in the eastern United States among 300 US metros. The ranking uses 37 livability factors and groups cities by population size, noting regional winners such as Norfolk for the South and Minneapolis for the Midwest.
MENTIONED IN THIS ARTICLE
New York
Washington
United States
Money Magazine
Norfolk
Minneapolis
Midwest
Seattle
Women close financial gap as stock market boosts retirement hopes
A Phoenix Home Life survey of 1,006 adults finds 60 percent of women own stocks and bonds, up from 53 percent, and 37 percent own CDs, up from 32 percent, with women expecting a $439 000 nest egg at retirement, 9 percent above last year but below men’s $641 000.
MENTIONED IN THIS ARTICLE
New York
Phoenix Home Life Mutual Insurance Co
East Greenbush
N.Y
Phoenix
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Mitsubishi
Mitsubishi Motors
Normal
U.S. Equal Employment Opportunity Commission
EEOC
Chicago
Wal-Mart Stores Inc
Arkansas
Wal-Mart Food and Drug Express
Boone Firm
Palo Bank
Palo Saving Bank
Palo Savings Bank
Ford
Terry Meyer
Palo
Beth Rathje
Atkins
John Huntington
East Iowa Bank
George C. Ford
Washington, D.C
Nashua
N.H
Davenport
Cedar Rapids
Waterloo
Sioux City
Des Moines
Midwest Athletic Club
Blairs Ferry Rd
Jacolyn Dr
Cityline
Standard & Poor's
Citymne
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