Soybeans hit four month high on Midwest dry weather forecast
May soybeans rose 20.5 cents to 7.06 a bushel at the Chicago Board of Trade as forecasts for continued dryness in the Midwest push prices to their highest settlement for near-term deliveries since January. Labor Secretary Reich hosts an online jobs summit on CompuServe at 8 p.m. CDT with reservations required.
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Chicago Board of Trade
Midwest
Clinton
Robert Reich
CompuServe
Reich
U.S. News
GO Usnforum
GO Reich
United Fire reports earnings rise despite losses in 1994 Q1
United Fire and Casualty Co. posted an 8 percent gain in the first quarter as investment income rose 11 percent and assets grew by 8 million dollars. The Cedar Rapids insurer weathered January losses from California fires and earthquakes while a life unit showed 11 percent lower profits. Board elected E A Huls to regional VP and Donna Fugate as assistant secretary.
MENTIONED IN THIS ARTICLE
Allstate
Twentieth Century Industries
McIntyre
United Fire
Los Angeles
Western Re
United Life
Donna Fugate
UroSurge Opens TIC Location at University of Iowa
UroSurge Inc expects to commercialize its urinary incontinence devices from 196 square feet at the University of Iowa Technology Innovation Center Oakdale location. State Board of Regents approved the lease as CEO David Maupin relocates from Mountain View California to Iowa to lead the new firm. TIC hosts fourteen tenant companies in its decade old incubation center.
MENTIONED IN THIS ARTICLE
Lyle Muller
Johnson County
UroSurge Inc
University of Iowa Technology Innovation Center
TIC
State Board of Regents
Cedar Falls
U of I
Oakdale
David Maupin
Mountain View
Calif
Iowa
U of I’s
GM chief warns rising rates may curb auto sales
GM Chief Executive Jack Smith Jr warned that the Federal Reserve's rate hike could dampen car buying by raising auto loan costs. He noted previous rate moves had less impact but cautioned another increase could slow demand, potentially trimming growth in a brisk sales season.
MENTIONED IN THIS ARTICLE
Patricia Lamiell
New York
Federal Reserve
General Motors Corp
Jack Smith Jr
Smith
Fed
Iron and Steel Conference
Plant expands in Charles City
Salsbury Chemicals said it will spend about $10 million to expand its Charles City plant adding 25 jobs. Construction on a three story addition begins in July and aims to finish in July 1995. The plant supplies pharmaceutical products chemical compounds for animal feed and specialty chemicals. Local officials approved a $500 000 economic development grant and a $1 million highway sewer and water project is underway to serve the plant and a new industrial park.
MENTIONED IN THIS ARTICLE
Charles City
Salsbury Chemicals
Charles City Council
Floyd County Board of Supervisors
Salsbury
Younkers predicts 1994 sales turnaround after Prange deal
Des Moines based Younkers Inc faces a tough year as floods and a Prange acquisition colored results. Executives pledge a return to growth in late 1994 with debt reduction and store integrations aimed at improving margins and shopping experience amid industry softness.
MENTIONED IN THIS ARTICLE
Steven P. Rosenfeld
Des Moines
Tom Younkers
H.C. Prange
Gould
Younkers
Zoo
Roger Wein
Midwest
Prange
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Spike” Huls
Lincoln
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Scott McIntyre United Fire Chairman
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Birkenstock Shoes
Pattison
Fifth Avenue
Lara
Norwest Banks
Cedar Rapids
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Berg
Ators
Tom Gould
Guaranty Bank and Trust Co
Pdic & the
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Third Ave
Third St. S.E
42Nd Street
42Nd St
Cedar Hills
Jacelyn Dr. N.W
Marion
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Phil
Premiere
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Motorola