Stocks Rise as Fed Meets Expectations and Inflation Eases
Stocks ended higher after the Federal Reserve met Wall Street expectations for a modest rate rise. The Dow gained 227.10 to 10 907.34 and the Nasdaq rose 101.68 to 4 711.68 as advances outpaced declines on the NYSE 11 to 7. In Iowa, 23 stocks gained, 19 fell, four were unchanged, with GE up 10 percent and RF Micro Devices up 9 59/64.
MENTIONED IN THIS ARTICLE
Federal Reserve
Wall Street
New York Stock Exchange
Iowa
General Electric
Union
Quaker Oats
Procter & Gamble
Conexant
Federal review finds no illegal growth hormone in U S beef
A joint FDA and USDA inquiry found no evidence that diethylstilbestrol DES was used by beef producers or feedlots linked to the plant where the Swiss detected it last summer. A Dutch lab could not confirm the Swiss results, leaving open the possibility DES was not present.
MENTIONED IN THIS ARTICLE
United States
U.S
Food and Drug Administration
Agriculture Department
Food Safety and Inspection Service
Catherine Woteki
USDA
Des
Woteki
BizFacts Playthings.com Top Toy Site Visitor Rankings 1999
December 1999 insights show major toy merchandising sites drawing heavy traffic led by Playthings.com and rivals. The report outlines visitors, engagement, and relative popularity among online toy retail and information platforms during year end.
Fed hikes rates again as inflation risks grow
The Federal Reserve raised its benchmark federal funds rate by a quarter point to 6.0 percent, the fifth increase since last June, signaling rising inflation risks. Dow Jones rose 227.10 to 10,907.34 as banks followed with higher prime lending rates to 9 percent. Economists expect at least two more rate hikes this year amid a hotter economy.
MENTIONED IN THIS ARTICLE
Fed
Federal Reserve
Bank of America
Firstar
Wells Fargo
Mark Zandi
Regional Financial Associates
West Chester
Fed Raises Rates to Curb Inflation and Economy
The Federal Reserve increased the federal funds rate and the discount rate by 0.25 percentage points on Tuesday to slow rapid U.S. growth and bring inflation under control.
Harkin rally fuels farm union push against 1996 act
U S Senator Tom Harkin addressed about 1000 National Farmers Union members at a rain soaked mall rally near the Capitol. He and other speakers denounced the 1996 subsidy eliminating act as a threat to small family farms while promoting big producers and urged voters to pressure candidates for protection against agricultural conglomerates. John Whitaker, Iowa Farmers Union president, said the three day lobbying effort raised awareness and media coverage and urged Congress and the administration to change the act.
MENTIONED IN THIS ARTICLE
Wewss
Washington
Harry Truman
Winston Churchill
U.S
Tom Harkin
National Farmers Union
Harkin
D Lowa
Capitol
Congress
Senate
Agriculture Committee
Ronald Reagan
Agriculture
Dan Glickman
Heingaineel
Cpic
Glickman
Churchill
John Whitaker
van Buren County
Iowa Farmers Union
Whitaker
Maytag to offer made to order appliances with lean links
Maytag Corp will partner with TBM Consulting Group of Durham North Carolina to study manufacturing from raw materials to finished goods and link each step by computer. This aims to enable customized features and faster deliveries, starting with RV industry products.
MENTIONED IN THIS ARTICLE
Newton
Maytag Corp
North Carolina
Durham
N.C
Thomas Schwartz
Schwartz
Gateway
Maytag
TBM
Anand Sharma
Iowa gas price hits record one fifty a gallon
Iowa average price for self serve unleaded hits a record 1.50, up 12 cents from last month and 54 cents from a year ago, with statewide range 1.41 to 1.61. Iowa City tops at 1.55, Dubuque at 1.45, Cedar Rapids 1.49. Local resident Deanna Raprager complains of the hike as nonsensical.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Iowa Department of Natural Resources
Iowa City
Dubuque
Cedar Rapids
Deanna Raprager
Mason City
Raprager
Chicago
Pumps Rise Stir City Plan For September Trip
OPE couple cancel San Antonio trip planned for September if prices stay high. Ottumwa drivers fill at Conoco Here & Now for 1.52 a gallon as manager Carmen Allison notes price swings and thefts rise. Ward Lenz of the DNR says further price fluctuations are likely in coming weeks or months due to crude oil and gasoline production speculation.
MENTIONED IN THIS ARTICLE
San Antonio
Conoco
Ottumwa
Carmen Allison
Lenz
Surge in U.S. trade deficit hits new high in January
Commerce Department data show the January trade gap rising to a record 28 billion dollars, with exports down 1.5 billion and imports up 1.9 billion. Higher oil costs and weak computer goods demand contributed, amid a year of volatile globalization and mixed partner recoveries.
MENTIONED IN THIS ARTICLE
Washington Post
Washington
U.S
Commerce Department
United States
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US West
US West Communications
Communication Workers of America
Bruce McDowell
Baby Bell
Montana
CWA
Djia
Probe
Metz Baking Co
Earthgrains
Metz
Sioux City
St. Louis
Matt Hall
BizFacts
Playthings.com
Kbkids.com
Kids.com
Amillio. Com
Federal Fund
Roe
Y E. Michael Myers
Ward Lenz
DNR
CEDAF
Iowa Dnr
Jen. Me
Jan
Elis
Rae
Source
Conciia Tieuin
Primus
Penary PY
Boyson
Hiawatha
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