Treasury rates rise on short term bills and Fed yield shifts
U S Treasuries sold 11.4 billion in three month bills at 4.0 percent and 11.5 billion in six month bills at 4.41 percent. The Fed reported one year bill yields at 4.99 percent, up from 4.9 percent. Heartland Express posts 1st quarter loss after Munson merger, while Midwest Resources, Equitable of Iowa, Electronic Data Systems, Pepsico and Fastenal report earnings changes and revenue gains.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Munson Transportation
Heartland Express
Coralville
Heartland
Munson
Monmouth
Midwest Resources Inc
Gan
Equitable of Iowa Cos
Equitable of Iowa
Equitable Life Insurance Company of Iowa
USG Annuity & Life Co
Locust Street Securities
Equitable Investment Services
Electronic Data Systems Corp
Cedar Rapids
Pepsico Inc
N.Y
22 Year-Old Buys Farmland With 10 Percent Down Under Iowa Plan
John Jensen, 22, buys a 120 acre farm near Ankeny IA using a novel lender package that cuts the down payment to 10 percent on a 215 500 purchase. Iowa officials note this FMHA bank coordinated program helps young farmers amid aging farming ranks. The loan totals 64 300 from FMHA at 4 percent for 10 years and 128 500 from a bank at 6 1/2 percent, financed by state tax exempt bonds.
MENTIONED IN THIS ARTICLE
Ankeny
John Jensen
Jensen
Community State Bank
Dale Cochran
Iowa
Ellen Huntoon
Federal Farmers Home Administration
Iowa City
Cochran
Jeff Damman
Fmha
Huntoon
Iowa State University
Damman
Rag Top Diner No 2 Set to Open Next Week
Cedar Rapids Diner Corp opens its second Rag Top Diner on May 12 at the corner of Collins Road and Council Street NE. The 1950s themed restaurant will seat 132 indoors and 62 outdoors, employ 75 staff, and follows the original at 240 Classic Car Ct SW opened about two years ago. Crews finish trim work delayed by the Teamsters strike.
MENTIONED IN THIS ARTICLE
Cedar Rapids Diner Corp
Collins Road
Council Street
Teamsters
Market ends mixed as Dow rises on Kodak gains
The Dow Jones average climbs 13.39 to 3714.41 led by Eastman Kodak and other economically sensitive stocks. Widespread gains in Deeres and United Technologies contrast broad market weakness with profit taking after two days of gains. Bond selling follows higher economic activity data.
MENTIONED IN THIS ARTICLE
Eastman Kodak
Wall Street
Deere & Co
United Technologies
Penwest
Kodak
Sterling Winthrop
Kay Whitmore
Economy shows March gains lifting Leading Indicators to record high
The Commerce Department reports a 0.7 percent rise in the Index of Leading Economic Indicators to 101.2 in March, the highest since 1948. Nine of eleven components rose, led by longer average workweeks weather influenced, and signs point to steady 3 percent growth with moderate inflation.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Clinton
Robert Dederick
Northern Trust Co
Chicago
Michael Evans
Evans Group
Boca Raton
Fla
Laura D'Andrea Tyson
President’s Council of Economic Advisors
Grassley wary as budget talks hinge on tax and IRS stance
Grassley backs a 13 billion in five year cuts and restoration of up to 1 billion for crop insurance reform while opposing a 2 billion off budget IRS hiring plan. He warns the Senate amendment could be removed if taxpayer protections fail and says final House Senate approval likely next week.
MENTIONED IN THIS ARTICLE
Senate
Grassley
Internal Revenue Agency
David Pryor
D-Ark
Treasury
Also Mentioned on This Page
Midwest Resources
EDS
Pepsico
D Fastenal Co
By Steven P. Rosenfeld
Gazette Photo
Associated Press and Gazette
the Gazette
Gazette
Linn County
The
Mori
House
IRS
First Avenue N.E
Center Point Road
N.E
Williams Blvd
S.W
Marion
11Th Street
Brenton
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