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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

May 13, 1998

Page

14

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.

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.

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.

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.

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.

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.

Des Moines Ernst & Young LLP

Also Mentioned on This Page

Treasury Chuck Cornelius Cornelius Seed Corn Co Bellevue Greif Wisconsin Illinois Congress American Farm Bureau Federation Mace Thornton Bureau Chicago Board of Trade National Agricultural Statistics Service USDA Gazette Chart The Muscatine E. Iowans Entrepreneur Stock Market Inc., the Kauffman Foundation USA Today Nebraska Ernst & Young Cardella Access Direct Telemarketing Jensen Crystal Group Sevig Gordon Sevig Microsoft Certified Microsoft Midwest Bob Kalous Hamilton College MCLE D Street Cedar Rapids Kaloush Hamiltonia.edu
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