International Paper posts strong third quarter profits
International Paper reported a third quarter net income of 109 million dollars, up from 48 million a year earlier, as demand for paper and packaging rose in the United States Europe and Asia. Sales climbed to 3.8 billion dollars from 3.4 billion. The company owns Evergreen Packaging Equipment in Cedar Rapids and runs a Clinton folding carton plant. Chrysler posts 54 percent rise in third quarter profits to 651 million dollars, 1.76 dollars a share, on strong demand and fewer rebates. Weyerhaeuser sees 117 percent earnings rise to 144.4 million, aided by pulp packaging and tax effects, with Cedar Rapids plant noted.
MENTIONED IN THIS ARTICLE
International Paper Co
United States
Europe
Asia
International Paper
Evergreen Packaging Equipment
Cedar Rapids
Clinton
Highland Park, Mich
Chrysler Corp
U.S
Weyerhaeuser Co
Tacoma
Iowa task force pushes tougher rules for mega hog farms
A 25 member Citizens Task Force on Livestock Concentration asks Iowa to adopt tougher environmental protections. The group urges counties to gain zoning power, stricter waste plans, buffer zones, and bonds to reclaim land, while preserving corporate farming laws and benefits for small to mid sized farmers.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Citizens Task Force
Jan Libbey
Hancock County
Steve Siegal
Ottumwa
Iowa Citizens Action Network
Gary Hoskey
Montour Livestock
Terry Branstad
Hoskey
Buena Vista
Branstad
State Department of Natural Resources
Libbey
Stocks Slip After Three Day Rally On Inflation Data Awaited
The Dow Jones fell to 3875.15, down 1.68, ending a three day gain as investors waited for key inflation reports this week. Producers and consumer prices are due, with local stocks showing mixed results as 21 rose and 14 fell.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Com- American Stock Exchange
Viacom
Telcma
AMEX
DOW Jones
Ind
Indus
Biotech
Standard & Poor’s Financ
Telecom
Utilities
Transport
Finance
Associated Press
Gazette
Deere ends talks with UAW in Illinois contract dispute
Deere & Co. halted negotiations with the United Auto Workers after the union proposed extending the 1991-1994 contract for a year and forming teams to study a new pay system. Deere suspended talks without a fresh agreement, with no immediate reports of a strike or picket activity. Negotiations had been ongoing since Oct. 6.
MENTIONED IN THIS ARTICLE
East Moline, Ill
Ap) Deere & Co
United Auto Workers
UAW
Deere
Union
Bob Combs
Combs
United drops Moline Peoria service boosts Cedar Rapids role
United Air Lines will drop service to Moline and Peoria along with five other U.S. cities and eight foreign destinations on Feb 8, raising Cedar Rapids Municipal Airport’s status as the nearest United departure point for Quad Cities and western Illinois. Lee Clancey says Cedar Rapids will gain marketing opportunities and does not fear losing United service due to high load factors. United shifts aircraft to the West Coast and Denver to better compete with Southwest Airlines.
MENTIONED IN THIS ARTICLE
Cedar Rapids
United Airlines
Moline
Peoria
Ill
U.S
Lee Clancey
Cedar Rapids Municipal Airport
United
Quad Cities
Illinois
Clancey
Chicago
Also Mentioned on This Page
Foar
Chrysler
Tabune Media Services
Inc
By Rod Boshart
AEGON
General Electric
Gillette
Quaker Oats
United Technologies
Weyerhaeuser
Norand
HBO
ESPN
CNN
Newton Inn & Convention Center
Hwy
Newton
Sheraton Inn
Dytec Inc
OPERP
Consid
West Coast
Denver
Southwest Airlines
Cityline
the Gazette P.O
Beverly Hills
Melrose Place Models, Inc
Northern Exposure
Nypd Blue Picket Fences
Sisters
the Gazette
N&e
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