GM facing third quarter loss amid stock sale plan
General Motors estimates an 845 million dollar third quarter loss, within analysts expectations, tied to a Hughes Electronics stock offering. Ford also seen posting a loss, while Chrysler may report a profit, as Treasury rates rise on short term bills and grain markets react to a Ukraine export credit program.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Securities and Exchange Commission
Hughes Electronics
Zack
Chicago
Ford Motor Co
Zack's
Chrysler Corp
Iowa National profits slip and Brenton Banks rise
Iowa National Bankshares of Waterloo reports year-to-date profits up 5.2 percent at 8.6 million with nine months ending Sept. 30 while third quarter earnings fall to 2.9 million. Brenton Banks Inc. reports nine month net income of 9.6 million, up 11.3 percent, with third quarter at 3.3 million. Midland Savings Bank FSB opens loan only offices in Cedar Rapids and Schaumburg to process loans without retail banking.
MENTIONED IN THIS ARTICLE
Iowa National Bankshares of
Waterloo
Iowa National
Monticello State Bank
Oelwein State Bank
Brenton Banks Inc
Des Moines
Brenton Bank and Trust Co
Cedar Rapids
Brenton
C. Robert Brenton
Brenton Banks
Midland Savings Bank Fsb
Marion
Second St
Schaumburg
Ill
Chicago
Letter to editor warns against party unity after election
A reader named Edward L. Westleton declares he will not back the winner if his preferred candidate loses in November. He criticizes the elected figures and urges independence from party discipline.
MENTIONED IN THIS ARTICLE
Edward L. Wessleton
Labor leader says Bush lost bid for re election
Nick Serraglio president of Allied Industrial Workers of America in Milwaukee tells delegates in Cedar Rapids that Bush is finished he cites real wages down and off shoring as reasons Clinton offers an economic plan labor can present to the White House. He argues for competitiveness through education infrastructure and skilled workers.
MENTIONED IN THIS ARTICLE
George C. Ford Gazette
Bush
Nick Serraglio
Allied Industrial Workers of America
Milwaukee
Inter-Union
Serraglio
Bill Clinton
Clinton
White House
America
United States
Mexico
Asia
Randall Foods bagger wins Iowa bagging contest
Champion bagger Mark Smith of Randall Foods bags groceries Monday at the Cedar Rapids store after winning the Iowa Grocers Association Fifth Annual Bagging Contest held Sunday in Des Moines. Smith will represent the state at the National Grocers Association convention in February in San Francisco. Smith out-bagged six finalists from across the state, including second-place finisher Trevor Hinkel of Palo, who also works for Randall Foods in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Mark Smith
Randall Foods
Cedar Rapids
Iowa Grocers Association
Des Moines
Smith
National
Grocers Association
San Francisco
Trevor Hinkel
Palo
Five years after Black Monday no ceremonies observed
New York AP report notes Wall Street marked the five year anniversary of the 508 point Dow drop without events or fanfare. Traders and reporters describe a changed market with circuit breakers and regulations that aim to curb crashes, while nostalgia remains muted on the trading floor.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Wall
NYSE
Wall and
Broad Streets
Debates Let Corporations Play Politics
Major corporate sponsors fund presidential debates including Anheuser Busch GM Ford Kellogg Dow Corning and the UFCW. They gain tax write offs since the non profit Commission on Presidential Debates sponsors the events while many sponsors have business before the government. Critics warn of a cozy link between donors and political parties and officials.
MENTIONED IN THIS ARTICLE
Washington
Philip Morris
Atlantic Richfield
At&t
RJR Nabisco
Larry Makinson
Center For Responsive Politics
Anheuser-Busch
St. Louis
East Lansing
Mich
General Motors
Ford
Kellogg’s
Upjohn
Dow Corning
United Food and Commercial International Union
Commission
Makinson
Dow advances as market rally resumes on fifth anniversary
Stocks extended gains as the Dow rose 14.04 points to 3188.45 amid a narrow session. Traders waited for presidential debate coverage while Eastern Iowa issues showed mixed moves with General Mills, Gillette, Procter & Gamble, Wal-Mart and others edging higher. IBM slid and Philip Morris fell amid earnings pressure.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Wall Street
Iowa
General Mills
Gillette
Procter & Gamble
Wal-Mart
W.R. Grace
Iowa crops inch toward sun as harvest stalls
Iowa corn harvest remains slow with 14 percent complete last weekend as farmers await field drying. Moisture runs 25 to 35 percent with cool week readings. some harvesting continued despite high moisture. Soybeans near completion at 82 percent. soil moisture largely adequate statewide.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Also Mentioned on This Page
Treasury
Treasury Department
Chicago Board of Trade
U.S. Agriculture Department
Ukraine
U.S
Midland
Tribune Media Services, Inc
Labor
Dow
Source
Associated Press
Mai
Amex
Cho
Gag York Or Exchange
PhiloMoris
West el
American Stock Exchange
Hillhaven
Chmbdeva
Novell
Oracle
Indus
Standard & Poor's Industase
Agora Oo
Transpt
Wilshire Associates
Riday
Iowa City
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