Dow posts third straight gain lifting year to over ten percent
The Dow Jones Industrial Average rose 114.05 to 8,706.15, a three-session gain of 334 points and its first close above 8,700 since mid August. Advancing issues outnumbered decliners nearly 3 to 1 on the NYSE with 928.76 million shares traded. In Eastern Iowa stocks AEGON rose 4% to 91, Gillette up 1 to 46 and one sixteenth, HON Industries up 1% to 22, Procter & Gamble up 1 and one sixteenth to 89, Saks up 1% to 24, Rockwell +2 to 43 and one sixteenth, APAC TeleServices +1% to 7, National Computer Systems +1% to 29, while International Paper fell 1% to 45 and three sixteenths.
MENTIONED IN THIS ARTICLE
Dow
Dow Jones
New York Stock Exchange
Iowa
AEGON
Gillette
HON Industries
Procter & Gamble
Saks
Rockwell Advanced
Apac TeleServices
National Computer Systems
International Paper
Citigroup
Ny Industrial
Compan
L Transport
Hellenic Telch
AmOnlines
Boeing
American Stock Exchange
SPOR
Japan
CienaCe
Cisco
Biotech
Standard & Finance
Low Poor's Indust
Industria
Insurance
Transpt
Wilshire Associates
Associated Press
Alliant to Expand Wind Power Projects in Iowa Counties
Alliant Gas and Electric of Cedar Rapids to partner on wind projects in Buena Vista and Cerro Gordo Counties producing over 332 million kilowatt hours for Iowans. The move increases wind power share by 80 percent, totaling about 2 percent of Alliant’s output. Wind adds roughly 50 cents to a typical monthly bill.
MENTIONED IN THIS ARTICLE
Alliant Gas & Electric
Cedar Rapids
Buena Vista
Cerro Gordo
Manufacturing slows as October contracts for fifth month
The National Association of Purchasing Managers reports October manufacturing activity at 48.3 percent, signaling ongoing contraction below 50. Yet the overall economy grows for the 90th straight month, albeit at a slower pace. Separately, NASD completes its merger with the American Stock Exchange, aiming to cut trading costs and boost tech while markets remain separate. Treasury auctions push short rates higher, with three month bills at 4.425 percent and six months at 4.36 percent.
MENTIONED IN THIS ARTICLE
National Association of Purchasing Managers
National Association of Securities Dealers
American Stock Exchange
New York Stock Exchange
Wall Street
Treasury
Treasury Department
Americans raid savings as spending rises in September
In September Americans spent briskly funded by dipping into savings for the first time in nearly 40 years. The Commerce Department reported a negative 0.2 percent savings rate, the worst since 1959, though market gains and refinancings provided spending power.
MENTIONED IN THIS ARTICLE
Washington
Sung Won Sohn
Norwest Corp
Minneapolis
Commerce Department
Commerce
Rob Shapiro
Large harvest leaves corn piles in Iowa fields
Iowa farmers push toward harvest completion as elevators pile corn on the ground in the northwest and central region. Statewide 86 percent of corn and 97 percent of soybeans harvested. East Central and Southeast districts lag with 72 and 78 percent, respectively. Eldridge Co op stores about 2 million bushels outdoors with another 3 million in bins and two 850,000 bushel piles covered. Rain affects uncovered piles but heat risks spoilage. Average yield expected 143 bushels per acre. 91 percent of 1999 wheat planted and 27 percent of fall tillage done.
MENTIONED IN THIS ARTICLE
Eldridge Co-op Co
Scott
Clinton
Muscatine
Cedar Counties
Mike Moellenbeck
Eldridge
Moellenbeck
Confidence slips in Mid-America as farm woes bite economy
The Mid-American Business Conditions Index for October shows the region rattled by farm financial problems and global market issues. Ernie Goss notes confidence at 38.1, the lowest since 1994, with Iowa showing relative strength as overall index edges up to 49.7 though nine-state survey signals slowing regional economy and unlikely recession.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Ernie Goss
Creighton University
Goss
Iowa
Nebraska
Arkansas
Kansas
Minnesota
Missouri
North Dakota
Oklahoma
South Dakota
Seed terminator seeds draw agri debate in Des Moines
Critics led by Rural Advancement Foundation International condemn Delta and Pine Land Co for a cottonseed technology with three inserted seeds that produce higher yields but are sterile. They warn the system could let multinationals control global food supplies, while USDA officials defend it as protecting farmers from seed theft and boosting variety development.
MENTIONED IN THIS ARTICLE
Des Moines
Rural Advancement Foundation International
Delta and Pine Land Co
Scott, Miss
USDA
Harry Collins
Delta
Iowa State University Agronomy
John Pesek
Pesek
Standards to link TVs and digital boxes announced
Washington AP report says cable customers can buy digital TVs next year that work with set top boxes to view cable shows in high definition. Industry and TV makers agreed on a digital connection standard allowing two devices to talk, with theft protection plans to prevent pirating.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Amex
Nasdaq
Reseserved
Eldridge Co-op
LSM Es
Ree Lowa Agricultural S
Ag Group
U.S. Department of Agriculture
National Cable Television Associee
Ae Ee
Decker Anattom
Cambridge Tempositions
Eciryone
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