Dow, broader indexes climb but pace slows after rally
The stock market edged higher with the Dow up 1.45 to 1,229.68 while the Nasdaq and S&P measures posted gains. analysts warned momentum was waning after a multi-month rally. Shares in Inco and several miners rose on rising metal demand, while inflation fears and deficits kept rates in focus.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Monte Gordon
Dreyfus Corp
Gordon
NYSE
Inco
Asarco
ASA
Dome Mines
Republic Steel
Sunshine Mining
Treasury
Reagan
White House
Iowa National Mutual Insurance shows first quarter gains
Iowa National Mutual Insurance Co reports a 101.8 combined ratio for Q1, down from 112.1 a year earlier, with a $1.2 million underwriting loss offset by $4 million in investment income. Surplus to policyholders tops $57 million, highest in company history, as NAIC tests keep the A Best rating in reach.
MENTIONED IN THIS ARTICLE
Wevtteinancial
Iowa National Mutual Insurance Co
Richard H. Durham
Mutual Insurance Company
Cedar Rapids
Durham
National Association of Insurance Commissioners
NAIC
Alfred R. Best
Frank Elias
Second Avenue Corp
Iowa National Board
Iowa National
Richard Durham
John D Peterson
C.G. McLoud
Duane H. Kurrelmeyer
Eugene J. Connor
500 Second Avenue Corp
Eagle National Assurance Corp
Cedar Rapids Underwriters Inc
and Services Management Corp
Reagan Fights Trade Protectionism Across Party Lines
President Reagan denounced protectionist calls as a quick fix that could cripple international trade. He urged fellow U S partners to avoid sinking the boat of growth, warning that shielding one group of workers shifts costs and jeopardizes jobs elsewhere. Industry groups pressed for quotas on foreign steel while officials considered France’s fixed exchange rate proposal and U S savings bond sales rose in April.
MENTIONED IN THIS ARTICLE
Associated Press
Reagan
U.S. Chamber of Commerce
United States
America
U.S
Congress
Washington
Adolph Lena
Commerce
Malcolm Baldrige
Francois Mitterrand
Baldrige
France
Treasury Department
Cudahy Signals Omaha Plant Continuation Amid Iowa Closings
Cudahy Specialty Foods plans to keep the Omaha plant running if the two Iowa meatpacking plants close on June 30. Acting general counsel Robert Kuhbach said Omaha operations won’t change, but the firm won’t return to ham manufacturing. The Iowa plants in Independence and West Union process ham and bone ham, amid a ham operation in difficulty from import competition and high costs. The company, a General Host subsidiary, posted a first quarter loss 1983, less severe than the 1982 fourth quarter drop tied to a dry-sausage plant strike where about 160 union workers walked out. Strike continues with nonunion replacements.
MENTIONED IN THIS ARTICLE
Omaha
Cudahy Speciaty Foods Co
Cudahy
Robert Kuhbach
Independence
West Union
Iowa
Kuhbach
General Host Corp
GM delays debut of new front wheel drive luxury cars
GM President F. James McDonald said the 1984 front wheel drive luxury models including the Oldsmobile 98 Buick Electra and Cadillac DeVille will not reach showrooms until after extensive verification tests are completed. Production of current luxury models will continue this fall.
MENTIONED IN THIS ARTICLE
Saginaw, Mich
General Motors Corp
F. James McDonald
Roger B. Smith
Saginaw Club
McDonald
Pontiac
Mich
Wentzville
Ward
Automotive
Also Mentioned on This Page
Dow
Standard & Poor
S&p
Eastman Kodak
Kodak
Data General
Walt Disney Productions
Metromedia
Bill Bakaleinikoff
Petaluma
Calif
Robert Redford
Sunnyvale
Anne Arundel Community College
Arnold
James E. Coquillette
Merchants National Bank
Emmett J. Scherrman
LeaseAmerica Corp
Paul R. Shawver
Cast Inc
John B. Turner II
U.S. International Trade Commission
Spe
FDIC
FSLIC
Securities Corporation of Iowa
1 Securities Corporation of
Lowa
SCI Financial Group
Second Avenue S.E
Business Telephone
Second Avenue Southe
SIPC
Merrill Lynch
Second Street N.E
Second Street
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