Farm loan delinquencies fall as credit risk rises
Delinquency on direct government farm loans dropped from 41 percent in 1995 to about 21 percent as of September, while guaranteed loans held steady around 3.5 percent. The Agriculture Department directly lends and guarantees private-bank loans to farmers. Greenspan urges participation in a nationwide personal finances survey with results due in early 2003. Hewlett-Packard reports Q2 net income of 319 million on 11.6 billion in revenue, beating lowered expectations. Meredith sells Golf for Women to Golf Digest Companies. Toyota reports 471 billion yen in net income for fiscal 2001 with 16 percent growth and 5.5 million vehicles sold.
MENTIONED IN THIS ARTICLE
Agriculture Department
General Accounting Office
Federal Reserve
Alan Greenspan
Central Bank
Greenspan
Fed
Hewlett-Packard Co
Wall Street
Thomson Financial
First Call
Japan
Toyota Motor Corp
Pacific
Toyota
Dow closes above 11,000 after rate cut boost
The Dow Jones Industrial Average ends above 11,000 for the first time in eight months, rising 342.95 to 11,215.92 after the Fed cuts rates 0.5 point. Nasdaq up 80.86 to 2,166.44 and S&P 500 gains 35.55 to 1,284.99, with optimism for a second-half recovery.
MENTIONED IN THIS ARTICLE
New York
Dow
Standard & Poor
Gary Kaltbaum
Investors’ Edge Partners
NEW York Stock Exchange
Industrial
GemElec
Transport
NortelNet
EMC Corps
Pfizer
Cornings
American Stock Exchange
Djia Diamnds
iSnare
Japan
Cisco
Oracle
Intels
JDS Union
Amex
DOW Jones
Biotech
Computer
Finance
Standard & Poor's Indust Insurance
Elecom
Wld da
Indus Ises
Ant Transport
Santa Monica
Calif
Wilshire Associates
Associated Press
Amana Society opens standby diesel power plant
Amana Society Service Co completes a 24 000 kilowatt diesel generation plant in Middle Amana to ensure power during peak demand and outages. Twelve Caterpillar generators, certified by the Iowa DNR for 500 annual hours, will supplement MidAmerican Energy under an interruptible contract. ESCO Energy Services led the project with several local firms assisting.
MENTIONED IN THIS ARTICLE
Hershberger
Iowa Department of Natural Resources
MidAmerican Energy
United Fire Posts Record First Quarter Earnings and Stock Rise
Cedar Rapids United Fire & Casualty Co reports record operating earnings of 10 million in Q1, up from 3.3 million a year earlier as the stock climbs to 30.50 per share. The board promotes Colleen Sova to assistant vice president e Business Neal Scharmer to VP and general counsel and Jeffrey Chapin to VP Fidelity and Surety.
MENTIONED IN THIS ARTICLE
Mark Egan
Chicago
McIntyre
Colleen Sova
e-Business
Sova
Neal Scharmer
Scharmer
Home Office
Jeffrey Chapin
Fidelity and Surety
Chapin
Cedarapids to lay off 59 workers amid weak demand
Cedarapids Inc. plans a 59 worker layoff on Friday as weaker than expected sales of road building crushing equipment slow production. The Terex Corp division will recall staff if conditions improve. The Cedar Rapids site sees total employment drop to about 368 from 427.
MENTIONED IN THIS ARTICLE
Gazeve
Cedar Rapids
Cedarapids Inc
Terex Corp
Jack Lascar
Terex
U.S
Lascar
North America
Machinists Union
Also Mentioned on This Page
Fed Plans Financial Survey
Meredith
Golf
Meredith Corp
Des Moines
Golf For Women Magazine
Golf Digest Companies
Advance Magazine Publishers Inc
Brumitt Publishing
BizFacts
Unity Mar
Pat Carr Il
Kat
Kaltbaum
Charles Pradilla
SG Cowen Securities
Wal-Mart
Iowa
Weyerhaeuser
Fiserv
International Paper
Procter & Gamble
Rockwell
Heinz
Amana Society
George C. Ford
Esco Energy Services of
Marion
Altorfer Power Systems
Latham & Associates
Wendler Engineering
South Amana
Amana Society Service Co
Amana Society Inc
United Fire
George C. Fort
Neil Scharmer
By Dave DeWitte
Commercial Federal.Bank
FDIC
Williams Blvd
First Avenue
Edgewood Rd
Seventh Avenue
Mt. Vernon Road
Johnson Avenue
Comfedbank.com
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