United Fire & Casualty Reports Q1 Earnings Gain
Cedar Rapids based United Fire & Casualty Co reports an 8 percent rise in first quarter earnings to 4.1 million on revenue of 42.6 million in premiums. Net premiums dipped slightly from 43.0 million, while investment income climbed 11 percent to 10.8 million. The insurer writes personal and commercial property and casualty and life insurance.
MENTIONED IN THIS ARTICLE
United Fire & Casualty Co
Cedar Rapids
United Fire
Iowa farmers race ahead on corn and soybeans this spring
Government reports show corn planting nearly complete in Iowa and soybeans off to the fastest start on record amid favorable rains. Farmers like Don Harderson note progress, while markets retreat ahead of an updated progress report. Topsoil moisture remains mostly adequate and statewide rainfall was near normal last week.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Iowa
Don Harderson
Anamosa
Harderson
Lumir Dostal
Marion
Chicago Board of Trade
Iowa Agricultural Statistics Office
Vollmer
Jim Vollmer
Spencer
Council Bluffs
Everly
Elkader
Red Oak
T bill rates rise to multi year highs in treasury auctions
Treasury sold 12.1 billion in three month bills at 4.32 percent and 12 billion in six month bills at 4.81 percent. A separate Fed report shows one year bill yields averaging 5.23 percent last week, up from 4.99 percent. Mike Deupree column appears on page 2A in The Gazette.
MENTIONED IN THIS ARTICLE
Treasury Department
The
Federal Reserve
Treasury
Mike Deupree
Gazette
Mike
Stock market drops as rates jump to new highs
Stocks fell on Monday as interest rates rose to their highest since November 1992 amid expectations the Fed will tighten credit again this year. The Dow slipped 40.46 points to 3,629.04 with many names in the red and bonds also trading negatively as investors awaited the next Fed move.
MENTIONED IN THIS ARTICLE
Federal Reserve
Iowa
Deere & Co
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