Stocks dip slightly as overall trend stays positive
The Dow ends down 25.79 at 8034.65 after a choppy session as NYSE shows 1228 up, 1649 down, 543 unchanged in heavy 613.3 million share volume. Eastern Iowa stocks see 17 gainers, 22 losers. Heartland Express and Ralcorp rise while GE and Kodak slip.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
NYSE
Iowa
Heartland Express
Ralcorp Holdings
Weyerhaeuser
General Electric
Eastman Kodak
McLeod
Western Atlas
Minority women lag in pay and management roles
A Catalyst study shows minority women earn 57 cents for every white male dollar and hold 5 percent of management jobs though they are 10 percent of the workforce. Blacks Hispanics and Asians are underrepresented in management with pay gaps varying by group.
MENTIONED IN THIS ARTICLE
New York
Catalyst
Katherine Giscombe
Northwest
Minority women lag in corporate executive ranks
A tally shows minority women remain far behind white women in corporate management. The survey highlights the gap in executive and administrative positions across major firms.
Boeing Expects Loss Amid Busy Jet Orders
Boeing Co faces a rare quarterly loss as orders surge and production lags. High demand, labor shortages, and parts bottlenecks push projected costs to 2.6 billion for the year with 1.6 billion in the July-September quarter. CEO Phil Condit says ramping up will trigger further disruptions through 1998.
MENTIONED IN THIS ARTICLE
Seattle
Boeing Co
Boeing
Paul Binder
Phil Condit
Boeing faces 2.6 billion hit from 1998 production shortfall
Boeing reports increased jet deliveries in early 1997 but cannot meet demand, risking a 2.6 billion charge through 1998. The company hired 32,000 workers over 10 years after an early retirement program cut 12,000 positions, highlighting a rapid turnaround in orders. Rockwell Avionics & Communications in Cedar Rapids supplies Boeing with avionics and navigation gear.
MENTIONED IN THIS ARTICLE
Boeing
Rockwell Avionics & Communications
Cedar Rapids
Union Pacific earnings rise but fourth quarter outlook dampens
Union Pacific Corp reports a 24 percent rise in third quarter earnings to 240 million on 2.8 billion revenue. The firm warns congestion and merger integration will hurt fourth quarter results, sending stock down to 64.12. The quarter includes a 10 million merger-related charge from the Southern Pacific deal. Chief Executive Dick Davidson says operations and finances lagged and customer needs were not fully met.
MENTIONED IN THIS ARTICLE
Dallas
Union Pacific Corp
Wall Street
Union Pacific
New York Stock Exchange
Southern Pacific Rail Corp
Chicago
Dick Davidson
Corporate earnings rise at Heartland Express and others
Heartland Express of Coralville reports third quarter net income of 8.4 million on 70.2 million in revenue, up from 6.6 million and 58.2 million a year earlier, aided by A and M Express acquisition and van demand. Other firms such as How Industries, Meredith Corp, Monsanto, Columbus McKinnon, and Flexsteel show varied gains and one loss amid acquisitions and written-downs.
MENTIONED IN THIS ARTICLE
Heartland Express Inc
Coralville
Heartland Express
A&m Express Inc
Kingsport
Tenn
Muscatine
Nane
Hon
Meredith Corp
Des Moines
Columbus McKinnon Corp
Midland Forge
Cedar Rapids
Buffalo, N.Y
Flexsteel Corp
Dubuane
USDA Behind on Nearly 1000 Civil Rights Complaints
The USDA trails on about 984 discrimination complaints by black farmers, a rise from 530 in January. Most cases involve loans and foreclosures, with only 69 resolved in eight months. Auditors urged immediate action and mailed status updates to farmers, as Secretary Glickman faces a House Agriculture Committee hearing.
MENTIONED IN THIS ARTICLE
USDA
Roger Viadero
Dan Glickman
Glickman
House Agriculture Committee
Store sues CTI Technologies over software delay
Third Coast Inc. of Iowa City sues CTI Technologies Inc. for breach of contract negligent misrepresentation and constructive fraud claiming CTI failed to deliver a customized software package for Mind Matters toy stores at 130 S. Dubuque St. Iowa City and Westdale Mall Cedar Rapids seeking 14490 in damages.
MENTIONED IN THIS ARTICLE
Paul Aasmundstad
CTI Technologies
Third Coast
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Oelwein Bank
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Telegroup Inc
Telegroup
Ngua S
Ervices, Inc
U.S
Amy Kranz
Nio
HON Industries
Meredith
Monsanto
Monsanto Co
St. Tavis Company
Holden’s Foundation Seeds Inc
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Holden’s
Columbus McKinnon
Washington
Agriculture Department
Iowa City
Tim Negro
Timothy C. Negro
Aegon USA Securities, Inc
Sean
Grant Woop
Ansa Eoucarion Aven
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