Dow Rises Near Record as IBM Stocks Lift Markets
The Dow Jones climbs to 9 161.77 as blue chips rally amid shifting rate outlook. BMW plans 600 million in U S plant investments. Rolls Royce sale bid shifts to VW. Ford recalls 1.7 million vehicles over lug nut fault with four injuries reported.
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Dow
NYSE
Iowa
Weyerhaeuser
Gillette
Proffitts
Wal-Mart
International Paper
AEGON
Heartland Express
BMW
U.S
South Carolina
Norbert Reithofer
Bernd Pischetsrieder
Rolls-Royce
Volkswagen
Vickers
Pischetsrieder
Rolls
Ford Motor Co
Expedition
Navigator
Ford
Karen Shaughnessy
Monsanto buys DeKalb and Delta & Pine in $4 billion push
Critics say the $4 billion cash and stock deal to acquire DeKalb Genetics and Delta & Pine Land could harm farmers by limiting competition and delaying new biotech products. Proponents argue the moves strengthen Monsanto’s base in key crops and bioengineering traits. Analysts dubbed Monsanto the Pac-Man of the industry as major players face competition.
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Marlene Lucas
Monsanto Co
DeKalb Genetics Corp
America
Monsanto
DeKalb
Sharon Greif
Prairieburg
Sharon
Jim Greif
Delta & Pine Land Co
Scott, Miss
Holden’s Seed
Iowa
Holden’s Foundation Seeds Inc
Williamsburg
U.S
John McMillin
Prudential Securities
Sano Shimoda
Bio- Science Securities Inc
Knight-Ridder
Glickman urges farm policy shift to shield farmers
Agriculture Secretary Dan Glickman calls for policy changes to guard farmers against low prices for corn soybeans and wheat citing lagging exports and large world stocks. He suggests restored subsidies extended loans and upfront payments while warning against ideology.
MENTIONED IN THIS ARTICLE
Mariene Lucas
Araifs
Dan Glickman
Glickman
Agriculture Department
America
Roger Schmitz
Jesup
Board of Trade
Associated Press
HON Industries forecasts continued growth and NYSE listing
HON Industries chairman Jack Michaels announced a strong 1997 performance with a 28 percent sales increase. The Muscatine firm plans to move from Nasdaq to the New York Stock Exchange in July and aims to double earnings in five years while pursuing acquisitions and new product introductions. The company seeks to beat industry growth forecasts in 1998.
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George C. Ford
HON Industries
Muscatine Company
New York Stock Exchange
Jack Michaels
HON
Michaels
NEW York Stock Exchange Fuarese
American Stock Exchange
DOW Jones
Amnex
Uti
Standard & Poor's
Transpt
Associated Press
New Vehicle System to Call Help After Crashes
In a rural New York test, a car crash automatic alert system locates Buffum and notifies Erie County 911. An electronic box transmits exact location and crash severity to satellite and sheriff dispatch, enabling direct firefighter and EMS contact.
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Washington
Mick Buffum
Manilla
N.Y
Buffum
New York
Erie County
Buffalo
America
Ricardo Martinez
Sheriffs Department
Calspan
Martinez
Eastern Iowans among nominees for Entrepreneur of the Year
Five Eastern Iowans are among 21 Iowa and Nebraska finalists for Ernst & Young Entrepreneur of the Year awards. The Cedar Rapids Access Direct Telemarketing founder Cardella, Crystal Group president Jensen in Hiawatha, Hawkeye Medical Supply’s Pacha in Iowa City, Gordon Sevig Trucking’s Sevig in Walford, and Telegroup’s Rees in Fairfield advance. Finals reception May 20. banquet June 24 in Des Moines.
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Des Moines
Ernst & Young LLP
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