P&G sells Caliente chili unit to William B. Reilly Co
Procter and Gamble announced that William B. Reilly & Co. purchased Caliente Chili Inc., Austin Texas, a unit P G merged to Noxell last year. Caliente makes chili and Mexican foods and P G operates a plant in Iowa City. Grinnell Mutual Group plans a top management restructuring over 12 to 18 months following the three year Team Tomorrow project aimed at boosting productivity, service, and technology.
MENTIONED IN THIS ARTICLE
Procter & Gamble Co
William B. Reilly & Co
Caliente Chili Inc
P&g
Noxell Corp
Caliente
Iowa City
Grinnell Mutual
Grinnell Mutual Group
Grinnell Mutual Reinsurance Co
Grinnell
SBA grants for small firms proposals invited
The U S Small Business Administration seeks proposals for 10 one year grants to provide management and technical assistance to small companies. Eligible applicants include governments colleges universities non profits and trade associations with a year long track record. Awards announced in March contact Carol Walker or Barbara Jackson at (202) 653 6524 for details.
MENTIONED IN THIS ARTICLE
U.S. Small Business Administration
Carol Walker
Barbara Jackson
SBA
Fed expected to cut rates as recession signs grow
The Federal Reserve faced rising recession signals and plans a rate cut, likely a half-point drop in the prime lending rate, with home mortgage rates easing. Markets expect a Fed funds rate cut while discount rate remains at 7 percent, following a prior 8 to 7.75 percent trim.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Federal Open Market Committee
Central Bank
Iowa beef producers hear leaner cuts may fit Japanese market
At Des Moines Area Community College meeting, experts say Japan may buy leaner cheaper beef rather than highly marbled cuts. Researchers note U.S. style cuts exist, but competition from Australia and a cautious Japanese appetite mean progress will be gradual. Prime US image issues and long feeding trials complicate shifts toward lower-cost beef in Japan.
MENTIONED IN THIS ARTICLE
Bert Kreitiow
Ankeny
Japan
Iowa
Des Moines Area
Australia
Steve Pearson
Beef Specialists
Hartley
Iowa State University
Gene Rouse
Rouse
Ing
Ames
United States
U.S
Pearson
Takayuki Yamagata
Des Moines
Prima
Amana Society
Stock rally lifts Dow as oil falls and rates eyed
The Dow climbs 51.74 to 2540.35 as oil drops about $2 to $31.75 a barrel. Broad gains accompany a 9.51 rise in the NASDAQ to 351.46 and a 3.75 uptick on the AMEX index with 1,163 stocks up vs 381 down.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
American Stock Exchange
Earthquake kits surge as Midwest markets react
Midwest shoppers flock to survival gear after New Madrid fault quake forecast. CEPP Corp executive Henry Lawson notes strong kit demand as retailers stock anti-shutter film portable toilets and related items. Browning predicts a 50 percent chance of a major quake by December 3, affecting parts of Missouri Arkansas Illinois Kentucky Tennessee and surrounding states.
MENTIONED IN THIS ARTICLE
ST. Louis
Midwest
Henry Lawson
Cepp Corp
Los Angeles
New Mexico
Iben Browning
New Madrid
Marked Tree
Ark
Cairo
Ill
Missouri
Arkansas
Tennessee
Illinois
Kentucky
Iowa
TWA offer to merge with Pan Am sparks new questions
Analysts doubt the TWA bid will fly while Pan Am focuses on selling its prized London routes to UAL for about 400 million and a marketing pact. Icahn proposed 150 million in cash and 300 million in face value securities for Pan Am as the UAL deal looms. Earthquake near New Madrid triggers concern but no damage reported.Preparations surge as NBC mini series on a Los Angeles quake stirs fear and emergency kit firms like CEPP Corp and The Emergency Lifeline expand offerings and seminars.
MENTIONED IN THIS ARTICLE
New York
Trans World Airlines Inc
Pan Am Corp
Pan Am
Thomas Canning
Standard & Poor’s
London
UAL Corp
UAL
TWA
Carl Icahn
Thomas Plaskett
Joe Hopkins
Icahn
New Madrid
Browning
NBC
Los Angeles
Cepp Corp
California
Emergency Lifeline of
Santa Ana
Also Mentioned on This Page
Tribune Media
Gazette Star
Associated Press
Penwest
Procter and Gamble
Quaker Oats
Square D
General Mills
MCI
United Tech
Mary McDowell
Psn de
Elk Ae
VW Credit, Inc
United States Auto Club, Motoring Division, Inc
Audi
Americi
AG. Edwards
Ginnie Maes
A.G. Edwards
Jim Wood
Millhiser Smith Agency
Oakland Road
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