U S farm incomes fall as prices slump and demand fades
The Federal Reserve Bank of St Louis reports a third quarter decline in farm incomes with bankers pessimistic about the fourth quarter. Grain and livestock prices remain weak amid a strong dollar, restraining farm spending and boosting loan demand while loan repayments are expected to drop. Ranchland values rise but cropland value falls.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve
Bank of St. Louis
Bank
USDA
St. Louis Bank
Scrap metal prices crash hit Milwaukee area firms hard
The drop from about 600 to 112 for a bin of scrap metal hits Quality Tool & Die near Milwaukee and reverberates through mills and scrappers. Experts say global demand wanes, the dollar strengthens, and prices may not recover until 2017.
MENTIONED IN THIS ARTICLE
Milwaukee Journal Sentinel
David Cauble
Cimco Recycling
Milwaukee
Ron Loos
U.S
Isroff
Cauble
Tim Nelson
Transformation City Church
Kohl's tops estimates on stronger back to school sales
Kohl's reports better than expected quarterly net sales and profit as back-to-school demand boosts results. The retailer, with Cedar Rapids and Coralville stores, posts $4.48 billion in sales and $0.63 per share earnings for the quarter ending Oct. 31, while noting warmer weather could hurt the next quarter.
MENTIONED IN THIS ARTICLE
Kohl’s
Cedar Rapids
Coralville
Macy’s
FILA
Aegon posts sharp loss on write down in Canada
Aegon parent of Transamerica reported a 564.9 million third quarter loss due to an 809.7 million book loss from selling Canada operations. Sales rose to 2.8 billion as new premium production declined because of a stronger dollar. CEO Wynnendts cited Mercer acquisition boosting U.S. retirement plan growth and assets under administration rising to 216 billion with 5 million retirement plan participants.
MENTIONED IN THIS ARTICLE
Aegon
Transamerica
Cedar Rapids
Canada
U.S
United States
Alex Wynnendts
Also Mentioned on This Page
China
Jeff Isroff
United Milwaukee Scrap
Kohl
Neil Saunders
Conlamino
Saunders
George C. Ford
the Gazette
George.ford
Thegazette
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