Bond Sale Suspension Seen To Have Little Effect
Savings bond sales were suspended as the federal debt limit nears. Cedar Rapids bankers say the move will not affect interest for buyers and should last only a few days. Renewals will resume once the limit is raised. auctions in Washington were rescheduled to avoid debt increases.
MENTIONED IN THIS ARTICLE
United States Savings
Cedar Rapids Bank
Federal Reserve System
Cedar Rapids Financial Institutions
Federal Reserve Bank
Chicago
Dennis Haines
Merchants National Bank
Cedar Rapids
Haines
Washington
Treasury Department
Senate
Real American consumer split into nine groups
Stanford Research Institute identifies nine consumer segments based on shared values and lifestyles rather than demographics. The aim is to guide companies in marketing to the groups most likely to buy specific products, with the list of g-74ps and their distribution provided.
MENTIONED IN THIS ARTICLE
Stanford Research Institute, International
SRI
Basic money supply rise seen with little effect on rates
The Federal Reserve reported M1 rose $900 million in the week to Oct. 26 to $518.3 billion, a modest gain against a backdrop of a strong economy. Analysts said the small increase is unlikely to alter monetary policy or spark rate cuts, with Fed officials focusing on broader economic developments.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
Harold Nathan
Wells Fargo Bank
San Francisco
William Sullivan Jr
Dean Witter Reynolds Inc
Sullivan
Labor Department
Allen Sinai
Lehman Brothers Kuhn Loeb Inc
Ing
Sinai
Wilton Steel Workers Begin Talks With North Star Steel
Wilton union Local 8581 representing hourly workers at North Star Steel began contract talks after the three year expired pact. North Star, a Cargill division, laid off workers and cut wages to a 10 percent rate during the duration. Negotiations in Muscatine were to extend at least through Sunday.
MENTIONED IN THIS ARTICLE
North Star Steel
Wilton
Gazette
Jones-Cedar Bureau
United Steel Workers of America
North Star
Steelworkers Union Local 8581
Bob Jakse
Jakse
Cargill Inc
St. Paul
Minn
Muscatine
Caterpillar patent case ruling upheld in Illinois federal appeal
Caterpillar Tractor Co says a federal appellate court upheld a lower court ruling that Berco S P A infringed its sealed and lubricated track patent. The Oct. 7 order reinstates an injunction prohibiting Berco and its U S distributors from making selling or using the infringing track seals.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Caterpillar Tractor Co
Berco S.P.A
Caterpillar
U.S
Berco and Wortham Machinery Co. Inc
Berco
Cheyenne
Wyo
Salary reduction plans versus IRAs explained
The article outlines salary reduction plans or CODAs, showing higher catch up potential than IRAs, employer control over contribution amounts, tax and Social Security implications, and the risk of reduced pension or life insurance benefits. It notes penalties differ from IRAs and advises verification with employers.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Higher interest sends stocks lower on Friday losses
Stocks fell for a second straight session as rising rates pressured markets. The Dow dropped 8.84 to 1218.19 while savings and loan shares slid, airlines advanced on a rally, and indices including S P 400 and NASDAQ declined amid volume softening and a mixed batch of notable moves.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Labor Department
Wall Street
Treasury
Financial Corp. of America
Golden West Financial
H.F. Ahmanson
Great Western Financial
Iowa officials push Rath Packing to insure workers
Rath Packing Co of Waterloo faces state orders to obtain workers compensation insurance for about 1,500 employees. Gov Branstad and Insurance Commissioner Bruce Foudree reiterated the demand after Rath, now in Chapter 11 bankruptcy, had self insured the claims. The cost is about 1.7 million dollars. Rath might seek an injunction to block enforcement.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette
Des Moines
Iowa
Rath Packing Co. of
Waterloo
Rath Packing Co
Terry Branstad
Iowa Insurance
Bruce Foudree
Foudree
Branstad
Susan Neely
Rath
TLS Corp. II Cedar Rapids public offering details
TLS Corp of Cedar Rapids completed an initial public offering of 600000 shares at 8.00 per share through underwriters DavI Bosworth Inc. Net proceeds 3.3 million with 2.3 million to repay indebtedness and 300000 for office and computer facilities. Company provides information processing services across 15 branch centers in nine Midwest states with about 2000 tax clients and 1250 accounting clients.
MENTIONED IN THIS ARTICLE
TLS Corp
Cedar Rapids
Davi Bosworth Inc
TLS
Midwest
$859 Million Grain Credit Deal Approved
U S agriculture department approves 859 million in credit guarantees to help Iraq Portugal and South Korea buy U S farm commodities Most of the credit supports wheat and feed grains with tobacco seed rice cotton and tallow also included Guarantees break down as 345 million for Iraq 321 million for Portugal and 193 million for South Korea.
MENTIONED IN THIS ARTICLE
Washington
Iraq
Portugal
South Korea
U.S
Agriculture Department
Stock Lists Guide for Daily and Sunday Updates
The note directs following the daily stock lists for quick changes and consulting the Sunday list for perspective. It emphasizes using these lists to track market movements and compare short term shifts to weekly patterns.
Also Mentioned on This Page
Stanf
InfoGrap
AMR
Delta Airlines
UAL
Pan American
Pan Am
Standard & Poor's Corp
S&p
International Business Machines
International Paper
Ford Motor
Merck
Union Carbide
Cone Mills
Western Pacific Industries
Exchange
Standard & Poor
Bohemian
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