Nasdaq hits record high as stocks rally broadl
U S markets surged with the Nasdaq reaching a fresh record for the first time since January as investors bet Fed policy has paused rate hikes. The Dow rose 87.78 to 7345.91 and the week gained 151.24, with the S&P 500 and NYSE composite also at new highs. Memorial Day market closure noted. In Iowa, small caps led gains with Gillette up 2 percent and Procter & Gamble up 1 percent among others.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Standard & Poor
New York Stock Exchange
Iowa
Gillette
Procter & Gamble
Eastman Kodak
Weyerhaeuser
United Technologies
HON Industries
Agriculture shifts crop insurance to private agents
Agriculture Secretary Dan Glickman said the crop insurance program will be offered exclusively through private agents starting with the 1998 crop year. The transfer follows the 1996 farm law requiring private sales where enough agents exist. the USDA will subsidize policies set terms and guarantee funds for claims.
MENTIONED IN THIS ARTICLE
Agriculture Department
Dan Glickman
Usda Farm Service Agency
USDA
Banks tighten credit card standards amid rising delinquencies
Federal Reserve reports 22 of 48 large banks tightened credit card standards over the last three months while 40 percent cut credit limits. Eleven of 52 banks also tightened other consumer loans, with only one easing. Business loan terms largely unchanged or relaxed.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Kelly Named Head of Farm Service Agency
Agriculture Secretary Dan Glickman announced Keith Kelly as head of the Farm Service Agency. The Montana native has served as deputy director and Montana Agriculture director and will oversee a $23.7 billion budget and 17,000 employees. Norand Corp will join Smithsonian’s Information Technology Innovation collection with the PEN KEY 6300 Hand Held Terminal presented June 10.
MENTIONED IN THIS ARTICLE
Keith Kelly
Arizona Department of Agriculture
U.S. Department of Agriculture
Farm Service Agency
Agriculture
Dan Glickman
Kelly
FSA
Red Lodge
Mont
Montana Department of Agriculture
Norand Corp
Smithsonian Institution
National Museum of American History
Washington
D.C
Smithsonian
Nori Niwa
Epson America
Norand
McDonald's Opens First Ukraine Restaurant Today
McDonald's opens its first Ukraine restaurant signaling a long term relationship with the country. After a slow start in Ukraine, the chain plans seven new outlets this year and 85 by year end, with the Kiev outlet built in 99 days and another location slated to open in the capital Sunday.
MENTIONED IN THIS ARTICLE
McDonald’s
Ukraine
Russia
Kiev
Great Lakes Aviation resumes limited flights after FAA deal
Great Lakes Aviation returns to service with a limited schedule to Chicago O Hare after a weeklong grounding. The FAA requires a consent order including a 1 million dollar civil penalty 700000 suspended for one year and 100000 immediate payment plus 200000 over a year plus aircraft inspections and a revised maintenance program before full service resumes.
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Des Moines
Great Lakes Aviation
Chicago
O’hare International
Spencer
O’hare
Waterloo
Great Lakes
Federal Aviation Administration
FAA
Doug Voss
Bob Hawk
Dan Mott
Kris Wood
Interstate highways empower Iowa business growth
A NATSO Foundation study finds 470 highway service businesses in Iowa along interstates employing 16,410, with sales of 1.125 billion and payrolls of 346.8 million. Nationally 56,033 such businesses exist, contributing 208.4 billion to the economy. W. Dewey Clower lauds the interstate system for economy and mobility.
MENTIONED IN THIS ARTICLE
Natso Foundation
America
Iowa
NATSO
W. Dewey Clower
The
Interstate 470 corridor services drive Iowa economy
The 470 highway service businesses at Iowa interstate interchanges show strong impact with 16,410 jobs and payroll totaling 346.8 million. They generate 1.125 billion in sales and 640.8 million in cost of goods sold, contributing about 147 million in taxes and a total economic impact near 2.1 billion.
MENTIONED IN THIS ARTICLE
NATSO
Iowa
North Carolina hog numbers near ten million
North Carolina's pork producers added more than 300000 hogs to a 93 million head herd in three months. Critics say tight regulation slows growth, while supporters cite jobs and wealth. a one year moratorium bill moves through the Legislature as regulators say larger farms cope with costs.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
North Carolina
Bill Holman
Roger Bone
North Carolina Park Council
Executives Use Little Time on Internet Survey Finds
A survey of 3,466 executives and managers by the American Management Association shows most spend only a few hours weekly online, mainly for email and information retrieval. Heavy usage is rare, focused on those under 35 in communications or IT, while many avoid online use at work or home.
MENTIONED IN THIS ARTICLE
Associated Press
American Management Association
Joel Tomaneng
Zona Research Inc
AMA
Dow Jones Libel Verdict Slashed in Houston Ruling
A federal judge tossed out 200 million dollars of punitive damages from a 227.3 million libel verdict against Dow Jones & Co. The eight remaining million in actual damages stands, with Dow Jones eyeing a reduction. The case centered on MMAR Group Inc. alleging five sentences in a 1993 Wall Street Journal article were false and defamatory.
MENTIONED IN THIS ARTICLE
New York
Houston
Dow Jones & Co
Wall Street Journal
Ewing Werlein
Mmar Group Inc
Dow Jones
Laura Jereski
Cityline Offers Free Stock Price Quotes Across Exchanges
Cityline provides free price quotes on stocks from all major U.S. stock exchanges. Quotes update continuously throughout the trading day and source data is listed as Standard & Poor's.
MENTIONED IN THIS ARTICLE
Cityline
U.S
Standard & Poor's
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Ronald Hill
Brown Brothers Harriman & Co
Usda Agency
United Express
Midwest
Springfield
Lansing
Mich
George Rasmussen
George C. Ford
State House
Senate
Richard Tofel
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