Iowa markets dip as major indices slide and mergers approved
The Dow fell to 3821.99 with a 9.76 drop as market volume fell to 280.90 million shares. Eastern Iowa stocks showed 14 gains, 19 declines, and 10 unchanged while United Technologies and United Fire slipped. Central Life Assurance and American Mutual Life won merger approval creating American Mutual Life with $5 billion assets and over $31 billion in coverage. Treasury 52 week bills rose, average discount 6.09 percent, coupon 6.48 percent, priced at 9384.20 for 10 000 face value.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
United Technologies
United Fire
Central Life Assurance Co
American Mutual Life Insurance Co
Des Moines
Iowa Division of Insurance
American Mutual Life
Treasury
New York
SearsRock
IBM
American Stock Exchange
Viacom Vrt
Viacomb
XCL Ltd
Amdahi
Intel
DOW Jones
Amex
Biotech
Finance Computer
Standard & Poor’s Indust
Low Close Clig
Insurance
Indust PH
Telecom
Transpt
Transport
Utilities
Associated Press
FCC Allows Cable Firms to Charge Up to 1.50 a Month for New Channels
The FCC approved a plan letting cable systems raise rates for added channels in expanded basic service, up to 1.50 a month for two years and 1.70 later, with six new channels guaranteed. By year four no new charges, while some expect savings to erode.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
MTV
USA
CNN
FCC
Reed Hundt
Michael Pedelty
Allstate in new hands
Sears plans to spin off its Allstate insurance business to shareholders as part of shedding non-retail operations. Edward Brennan, 60, will retire after the $8.7 billion spin off aimed for mid-1995, with Arthur Martinez projected as his successor to lead the Sears Merchandise Group.
MENTIONED IN THIS ARTICLE
Chicago
Sears, Roebuck and Co
Allstate Corp
Edward Brennan
Sears
Arthur Martinez
Martinez
Sears Merchandise Group
Allstate
Dean Witter Reynolds
Coldwell
Wholesale inflation falls as auto energy and food lead decline
October whol e sale prices dropped 0.5 percent for the second straight month led by autos energy and food. The Clinton administration welcomed the drop though economists expect the Fed to raise rates next week with a likely half point hike in both the federal funds and discount rates. White House economist Laura D Andrea Tyson said inflationary pressures remain well contained and the economy shows healthy growth with modest inflation.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Clinton
U.S
White House
Laura D’andrea Tyson
Tyson
Federal Funds
Fed
Pearce the Father of Nasdaq and Southern Style Executive
The piece profiles Phil Pearce a veteran investment banker and longtime NYSE figure described as the Father of Nasdaq. It summarizes his views on executive character emphasizing expediency and persistence, with timing tying the concepts to business success. The article invites readers to submit questions to THE COMPANY DOCTOR.
MENTIONED IN THIS ARTICLE
Hit Pearce
Pearce
E.F. Hutton
New York Stock Exchange
National Association of Securities Dealers
Phil
Charlotte
N.C
William Blake
Billy Bond
Notre Dame
Memphis
Billy
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Creet
Richards
Northland
Gazette
Anthony Sansone Sr
Sansone Group
Cedar Rapids
Larry Serbousek
Northland Square
Collins Road
Northland Avenue
the Gazette
P.O
Scott Clark
HTC Group Syndicate
Cityline
Rebecca P. Lindwall
Dick Hogan
George Ford
Dave Moris
Darain Mety
Nyse Index
Seac Ty
Sprint Cellular Line
FCNE
Radon Coalition
Daec Line Gazette
Eye Care Guide
Dean Edell Korg
Healthcast
Gazette Kidsline
All About
America
KID Power
Midwest
the Gazette Airyune
ISU
UNI
HAWK
Kcck-Fm
Country Music Report
Trail Blazers
KCRG
AP Network Sports Scoreline
NFL Report
NFL
Fates and Fortunes TV
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