Stocks rise as earnings beat drag of higher rates
The Dow jumps 18.50 to 3936.04 after strong earnings despite higher rates. Eastern Iowa stocks show 21 gainers, 13 decliners, nine unchanged with Hon Industries up 1 percent and Younkers down 1 percent. Chrysler recalls 1500 Eagle Talon units for anti lock panel reinforcement. OmniLingua Inc. sold by founder Sarah Pilgrim to Mark Sellergren with Pilgrim remaining as consultant from Montana.
MENTIONED IN THIS ARTICLE
Dow Jones
Iowa
Hon Industries
Younkers
Detroit
Chrysler Corp
Sarah Pilgrim
OmniLingua Inc
Cedar Rapids
Mark Sellergren
Sellergren
Kroenert Group
Mount Vernon Rd
Pilgrim
Montana
OmniLingua
Hog price drop may go lower
Prices paid to farmers already slipped below 30 dollars per hundredweight in Iowa markets on Tuesday and Wednesday, down about five dollars from a week earlier. Experts warn the decline could continue into November with possible drops to mid twenties as supply swells and demand remains cautious.
MENTIONED IN THIS ARTICLE
Tom Seery
Des Moines
Midwest
Ron Plain
University of Missouri
Plain
Iowa
United States
Dennis DiPietro
National Pork Producers Council
DiPietro
AT&T challenges MCI long distance directory plan
AT&T filed a FCC complaint arguing MCI's 800 directory listing service violates a 1992 law by charging customers for toll free access. MCI says no charge to call the 800 number and applies only to requested listings, with FCC approval. AT&T and MCI are the two leading US carriers.
MENTIONED IN THIS ARTICLE
Washington (Ap
At&t Corp
Federal Communications Commission
MCI Communications
At&t
MCI
Paul Luthringer
Trade deficit shrinks as exports hit all time high
The August U S trade deficit fell 12.9 percent to 9.74 billion as exports rose to record levels led by aircraft and other goods while imports surged to a record, with China and Japan posting the largest year to year increases. Analysts note the U S deficit with China rose to 3.24 billion and with Japan to 5.8 billion amid a strong auto import surge and a weaker dollar.
MENTIONED IN THIS ARTICLE
Washington
America
U.S
Japan
China
Lawrence Chimerine
Econo
Economic Strategy Institute
United States
Pioneer Hi-Bred posts record earnings for 1994
Pioneer Hi-Bred International, Des Moines, reports fiscal 1994 earnings of 213 million on sales of 1.5 billion, helped by a 52 million settlement with Holden Foundation Seeds. The year ended August 31, with a fourth-quarter loss of 20 million. Thomas Urban notes strong seed corn growth and large 1994 harvest.
MENTIONED IN THIS ARTICLE
Pioneer Hi-Bred International Inc
Pioneer
Thomas Urban
North America
Urban
South America
Regional firms report mixed earnings gains in third quarter
Perpetual Midwest Financial earns 382000 in Q1 fiscal 1995 versus a 478000 loss a year earlier as net interest income rises and loan loss provisions fall. Norwest posts 16 percent Q3 growth to 203 million with gains across divisions. MCI reports 220 million Q3 earnings and 3.407 billion revenue. ADM posts first quarter net income 154.5 million, aided by Midwest recovery after floods. Midwest Resources reports Q3 earnings 15.9 million and 241 million in revenue as plans advance to merge with MidAmerican Energy.
MENTIONED IN THIS ARTICLE
Perpetual Midwest Financial Inc
Perpetual Savings Bank
Cedar Rapids
Perpetual
Iowa City
Norwest Corp
Norwest
Norwest Financial
MCI Communications Corp
Washington, D.C
ADM
Decatur
Ill
Midwest
Midwest Resources Inc
Des Moines
Also Mentioned on This Page
PM Exchange
400 Second Ave. SE
Cedar Rapids Area
Chrysler
Eagle
Pilgrim Sells
Bknow M.D
Luthringer
Bill Marmon
FCC
Holden Foundation Seeds Inc
Perpetual Midwest
Iowa National Bankshares Corp
Iowa National
National Bank of Waterloo
MidAmerica Savings Bank
Monticello State Bank
Oelwein State Bank
Peoples Trust & Savings Bank of Indianola
ACM
Archer Daniels Midland Co
Midwest Resources
Waterloo
Dubuque
Electric Company
Fifth Avenue
Jim Aronson
Chevrolet
eGazette
Penny Saver
Mr Movies
7Th Ave
Marion
34Th St. S.E
Center Point Ad
Gazette
Mr. Movies
3Rd Avenue
5Th St. S.E
P.O
Autoline
P.O. Box
Cedar Rapids, Iowa
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