Market dips as investors take profits amid rate fears
The stock market faced a negative session on Wednesday as concerns about the economy and dollar strength spooked investors. The Dow fell 16.66 to 3,697.75 with mixed moves among Eastern Iowa issues. Brenton Banks Inc announced a 3-for-2 stock split reducing price to 18.25 while AEGON and GE moved modestly. Scotsman ice machine alert issued with recall and retrofit offer. Hy-Vee shifts to smoke-free stores by June 1. Yellow Freight recalls workers post strike at Cedar Rapids terminal.
MENTIONED IN THIS ARTICLE
Iowa
AEGON
General Electric
Procter & Gamble
Brenton Banks
Brenton Banks Inc
Des Moines
Brenton
Senate passes credit reform bill with new consumer rights
The Senate approved 87 to 10 a major overhaul of the Fair Credit Reporting Act. The measure shifts dispute burden to credit bureaus, requires verification within 30 days or deletion, and lets consumers obtain a yearly report for 3 dollars. It also mandates toll free complaint lines and limits report use to legitimate users.
MENTIONED IN THIS ARTICLE
Washington
Senate
Sen
Richard Bryan
D-Nev
Federal Trade Commission
Bryan
Congress
Christopher Bond
R-Mo
Banking Committee
Credit Bureau
Lauch Faircloth
R-N.c
Information highway route planned by Clinton administration
The Commerce Department released a report outlining how advanced telecommunications networks or the information superhighway could reshape daily life. Ideas include remote learning for immigrant children and at home patient monitoring guiding parental care, with public comment invited.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Commerce Department
Commerce
Ron Brown
Iowa firms optimistic on manufacturing climate survey
At the fifth annual Iowa Conference on Manufacturing 47 ballots showed 30 see improved Iowa climate, 11 stabilized, 5 less favorable. National view less rosy with 19 improved, 18 stabilized, 10 down. Expansion plans: 22 will expand, 13 not plan, 5 might grow. Past two years, 29 expanded, 2 shrank, 8 the same. Top concerns: government regulations 26, management changes 18, customer satisfaction 18. Work process improvement 15, health care reform 13.
MENTIONED IN THIS ARTICLE
Iowa State University
Iowa
OSHA
EPA
Also Mentioned on This Page
Consumer Product Safety Commission
Scotsman
Ron Pearson
M Yellow Freight System
Overland Park
Kan
Cedar Rapids
J St. SW
Teamsters
Bortom
Creet
Tibune
Gazette
Chris Stewart
Ruffalo Cody
Ruffalo Cody & Associates
Agricultural Cooperative Development International
Katalin Gara-Magyar
Bakonlait Ltd
Lajos Daroczi
Bakonlait
Charles Charipar
Midamar Corp
Metro
Guaranty Bank and Trust Co
the Local Good Bank
FDIC
Main Bank
Third Ave
Third St. S.E
42Nd Street
42Nd St. N.E
Cedar Hills
Jacelyn Dr. N.W. Marion
7Th Ave
25Th St
Fifth Avenue
Marion
Iowa City
Europe
SN Weare Aaa
Normandy
France
Associated Press
The
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