Domestic car sales decline across major automakers
June 11–20 totals show overall U S domestic car output falling 11.3 percent to 223 376 from 251 920 while year to date sinks 11 8 percent. GM and Chrysler lead declines. Ford and Honda post gains. AMC and Nissan show dramatic shifts in June figures.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Ford
Chrysler
United States
Honda
Amc-Renault
Volkswagen
Nissan
Toyota
Volkswagen of America
Nissan USA
Yields Rise on Four Year Treasury Notes Auction
Washington AP reports yields on four year Treasury notes climbed to 7.89 percent in Wednesday's auction, the highest since December 1985. The coupon rate is 7.875 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Wall Street Down as Market Digesting Rally Gains
Trading was mixed then down as investors booked profits from an 11 session rally. The Dow fell 11.32 to 2428.41 while the NYSE saw 934 decliners to 606 advancers. Major indexes including S and P and NASDAQ slipped, with IBM aiding slight gains despite broader weakness.
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New York Stock Exchange
Wall Street
United States
Penwest plans 2 for 1 stock split approved by board
Penwest Ltd announces a 2 for 1 stock split in the form of a non taxable dividend. Record holders as of July 7 will receive one extra share for each share owned. The new shares will be delivered in late July. Penwest, based in Bellevue Washington, notes earnings growth driven by its Penick and Ford unit and market value rise since spin off from Univar Corp in 1984.
MENTIONED IN THIS ARTICLE
Penwest Ltd
Tod R. Hamacek
Bellevue
Wash
Penick and Ford
Cedar Rapids
Hamachek
Penwest
Univar Corp
Farmers see biotechnology as mixed blessing for them
Iowa State University poll of 1,900 farmers finds mixed views on biotech. Desirable impacts include less chemical dependence and self fixing nitrogen, while concerns center on farm closures, increased corporate control, and potential surpluses. Some uncertainty remains about benefits to living standards and distribution.
MENTIONED IN THIS ARTICLE
Ames
Iowa
Iowa Farm
Iowa State University
Paul Lasley
ISU Extension
Gordon Bultena
ISU
Lasley
Senate unit approves Harkin research bill
The Senate Agriculture Committee backed a bill by Sen. Tom Harkin to authorize $75 million yearly in federal funds for long term nonfood crop biotech research. Supporters praised the aim while critics questioned if Congress will provide the money, with Sen. Rudy Boschwitz noting budget constraints.
MENTIONED IN THIS ARTICLE
Washington
Senate Agriculture Committee
Senate
Tom Harkin
Iowa
Agriculture Committee
Congress
Sen
Rudy Boschwitz
R-Minn
Harkin
Boschwitz
USDA
Ford recalls Ambulances and Sears Vacuum Cleaners nationwide
Ford will inspect about 15 000 ambulances converted from 1983 87 Econoline E 350 models to fix heat buildup risks that could start fires. Sears Kenmore canister vacuums 33 000 units sold 1986 year recall for wiring fault. owners told to stop use and visit service centers.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
Detroit
Virginia
Jim Bright
Ford Parts and Service Division
Bright
Washington
Consumer Product Safety Commission
Nounced
Sears
Sears Kenmore
Whirlpool Corp
Amoco moves 200 jobs from Kansas City to West Des Moines
Amoco Oil Co will add 200 credit card center jobs in a Des Moines suburb as it consolidates operations from Kansas City to West Des Moines. The expansion brings total staff to about 900, with many Kansas City workers expected to transfer. The company cites Iowa’s business climate and local support as factors.
MENTIONED IN THIS ARTICLE
Des Moines
Amoco Oil Co
Iowa
West Des Moines
Kansas City
Reed Clark
Amoco
Clark
Reed
IBP Inc
Joslin
Ill
Muscatine
Dakota City
Manchester
IBP
Postal Service
Cincinnati broker faces possible action over fake Dayton Hudson bid
Federal authorities weigh potential steps against Cincinnati stockbroker P David Herrlinger after he telephoned a bogus 70 per share offer for Dayton Hudson Corp The case involves uncertain securities action and jurisdiction with the SEC and Ohio regulators reviewing.
MENTIONED IN THIS ARTICLE
Cincinnati
Dow Jones
Dayton Hudson Corp
P. David Herrlinger
Anthony Covatta
Herrlinger
Dayton Hudson
U.S
D. Michael Crites
Crites
SEC
Mark Holderman
Ohio Division of Securities
The
New York Stock Exchange
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American Motors
Toyota USA
Dow Down
Associated Press and Gazette
William Tiritilli
Rodman & Renshaw
Chicago
IBM
At&t
Hanson Trust
Gillette
Occidental Petroleum
Commonwealth Edison
Baxter Travenor
General Mills
Standard & Poor
S&p
American Stock Exchange
Poweshiek County
Jones County
Ringgold County
Kossuth County
David Lynch Gazette
Washington Reporter
Tim Grady
First Avenue
Skogman Eters
Associated Press
Whirlpool
Safety Commission
Amana Colonies Golf Course, Inc
Brahery
Stete
R.G. Dickinson & Co
Des Moines, Iowa
Erthel Fisher Za Fleischman
Financial Services Inc
Cedar Rapids, Iowa
American Investors Group
Minneapolis, Minnesota
Arnet- McCabe & Co., Inc
Mt. Pleasant
First Bankers Securities Corp
Mason City
Waterloo, Iowa