Stocks Slip After Three Day Rally Falters
The Dow falls 47.40 to 7,650.82 as gains evaporate and volume reaches 520.5 million shares. Eastern Iowa stocks show 11 gains, 27 losses, four unchanged while Weyerhaeuser up to 524, GE at 69 9/16, Ward group reports a 615 million third quarter loss and 947 million sales down 31 percent.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Iowa
Weyerhaeuser
United Fire & Casualty
Rockwell
General Electric
National Computer Systems
Pennest
Gillette
Montgomery Ward & Co
Ward
Lechmere
Electric Avenue & More
Ward’s
At&t Corp Transport
Finance
American Stock Exchange
SPOR
Hasbro
Royal Oak
Intel
Amex
Biotech
Standard & Poor's
Indust
WAY
Indust None
Nee Insurance
Transpt
Telecom
Utilities
NMS India
Wilshire Associates
Associated Press
Rates rise on Treasury bills in Monday auction
The Treasury sold three-month bills at an average discount rate of 5.165 percent and six-month bills at 5.165 percent, both up from last week. The actual yields were 5.308 percent for the three-month and 5.377 percent for the six-month. The Fed reported the one-year bill yield at 5.44 percent, unchanged from the prior week.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Iowa, 37 states sue Toys R Us over market power
Iowa Attorney General Tom Miller says 37 states file a federal suit in Brooklyn claiming Toys R Us used its dominant market position to curb competition. The action targets four toy makers Mattel Hasbro Little Tikes Tyco and seeks penalties damages and injunctions to stop anti competitive practices.
MENTIONED IN THIS ARTICLE
Brooklyn
N.Y
Mattel Inc
Hasbro Inc
Little Tikes Co. Inc
Tyco Industries Inc
Mattel
Toys ‘R’ Us
Toys “R” Us
Iowa
Humboldt County Hog Lot Rules At Issue In Iowa Supreme Court
Humboldt County asserts home rule authority to ban larger hog confinement operations to protect public health and address manure pollution from drainage wells. Farmers counter that agriculture regulation is a statewide matter and county limits hinder production. case awaits Iowa Supreme Court ruling expected in about two months.
MENTIONED IN THIS ARTICLE
DES Moines
Humboldt County
Iowa Supreme Court
Jim Brick
Iowa
Brick
Humboldt
Grain piles on ground spark grain storage dispute
Farmers and elevator operators clash with Union Pacific over storing corn on the ground as 100 million uncovered bushels sit at federally licensed warehouses. The 9.36 billion bushels harvest overwhelms elevators along UP’s 36,000 mile system amid congestion and post merger shortages.
MENTIONED IN THIS ARTICLE
Carl Reed
Kansas State University
Farm Service Agency
Kansas City, Mo
Union Pacific
Southern Pacific
Teamsters chief Carey barred from rerun election
A court appointed monitor blocked Teamsters President Ron Carey from a rerun union election for allegedly participating in an illegal fundraising scheme. The ruling, while binding, unsettled plans to nominate a rival to James P. Hoffa and drew scrutiny on AFL-CIO leaders. Carey plans to appeal as leaders gauge replacement options and a delay in the rerun is considered while Hoffa finances are reviewed.
MENTIONED IN THIS ARTICLE
Washington
Teamsters
Ron Carey
Afl-Cio
Carey
Also Mentioned on This Page
Montgomery Ward
Isi Puip
Sam’s Club
Miller
Toy Mak
Humbolt County
Eldon McAffee
Madinances
Lan Tc North
Wrolin As
Tros
Avironental
Iowa Statehouse
Farmers and Railroad
Midwest
Teamsters Mess
James P. Hoffa
Congressional
FBI
Ken Paff
Teamsters For
Democratic Union
Hoffa
Tom Pazzi
Monitor
Kenneth Conboy
Union Treasury
Sharedraft
Fec
Sharecraft
Checing Basics
147Th Avenue
First Avenue
357Th Street
Norwest
Jim W. Paulsen
Norwest Investment Management
Collins Plaza Hotel
Cedar Rapids
HACAP
Guaranty
ARUST
Cedar Rapids, Marion, Hiawatha
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