Nasdaq closes above 4000 as Dow falls on mixed data
The Nasdaq composite ends above 4,000 for the first time in over two months, rising 23.53 to 4,013.36 while the Dow declines 122.68 to 10,435.16. Trading volume reaches 1.23 billion shares as traders digest earnings and industry updates.
MENTIONED IN THIS ARTICLE
Iowa
RF Micro
Rockwell
Weyerhaeuser
U.S. Cellular
AEGON
Maytag
Wells Fargo
National Computer Systems
Asphalt price surge squeezes Iowa paving contractors
Rising crude costs lift asphalt mix to 44 per ton up about 10 from last year. Cedar Valley Asphalt and L.L. Pelling report large jumps in petroleum ingredients, with diesel and natural gas also rising. Concrete competition rises as firms battle thinner margins and price pressure.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Iowa
Seth Finnegan
L.L. Pelling Co
North Liberty
Finnegan
Cedar Valley Asphalt Co
Cedar Rapids
Marianne Wainwright
Wainwright
Cedar Valley
Tama
Midwest
Pate
Clinton signs 15 billion dollar farm bailout plan
President Clinton releases 15 billion dollars in direct payments and crop insurance subsidies to farmers, marking the third major bailout in as many years. Iowa farmers receive about 520 million in direct payments. subsidies rise to 59 percent and expand to more crops.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congress
Iowa
Dan Glickman
USDA
Drop in imports ends string of record U S trade deficits
The Commerce Department reports the April U S trade deficit at 30.4 billion dollars a 0.4 percent decline from March a record high deficit persisted for three consecutive months The deficit with Japan reached 7.3 billion dollars in April while China trade gap rose to 5.8 billion dollars The current account for the first quarter rose to 102.3 billion dollars linked to goods services and investment flows
MENTIONED IN THIS ARTICLE
U.S
Washington
America
Japan
Commerce Department
Clinton
Robert Shapiro
Federal Reserve
Gerald D. Cohen
Merrill Lynch
New York
Cohen
China
ING to Sell Stake in AEGON Amid ReliaStar Buyout
ING Groep NV plans to divest its 6.6 percent stake in AEGON NV to help finance its 5.1 billion acquisition of ReliaStar Financial Corp. The deal shifts AEGON ownership to Vereniging AEGON which will boost its ordinary share control to about 37 40 percent and voting rights to 53 percent with preferred shares.
MENTIONED IN THIS ARTICLE
ING
AEGON
Amsterdam
Netherlands
ING Groep NV
Aegon NV
ReliaStar
Vereniging
Credit Suisse
First Boston Corp
Morgan Stanley
Dean Witter & Co
Vereniging Aegon
A Stock Exchange
ReliaStar Financial Corp
AetiaStar
Aetna Inc
America
Aetna
U.S
OPEC ministers near modest oil output rise amid price surge
In Vienna officials weigh a production boost of about 0.5 million barrels daily, enough to exceed March quotas but unlikely to curb high prices. Prices on U.S. markets hit a three month high as July WTI futures rose to $33.40. Saudi Arabia and Iran moved toward a common position, with potential gains discussed up to 1 million barrels daily.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
U.S
Organization of Petroleum Exporting Countries
West Texas Intermediate
New York Mercantile Exchange
Saudi Arabia
Iran
Bijan Namdar Zangeneh
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TeraBeam Networks
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At&t
At&t Wireless Services
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New McLeodusa At&t
At&t Online Services
At&t Network Systems International
At&t Network Systems
Lucent Technologies
Europe
Middle East
Africa
Illinois
International Association of Machinist and Aerospace Workers
Jim Cook
Rick Lezu
Lezu
Newton
Herrin
Powell
Equipment Manufacturers Institute
Chicago
BizFacts
Djia
Latin America
Afra
Eastern
Steve Lang
Taylor Ball
Paul Pate
Pate Asphalt
Hiawatha
Ette
Mar! Lucas
Prairie High School
Primus Ranch
Cedar River
Mike Barrigar
Collins Community Credit Union
42Nd St
Southwest Branch
14Th Ave
1St Avenue
1St Ave. SF
35Th Street
35Th St
Marion Branch
NCUA