Penford eyeing expansion with more jobs and corn purchases
Penford Products plans a 30 percent capacity rise with on-line equipment in Cedar Rapids, adding 20 000 bushels of corn daily and raising annual grain intake to about 69 million bushels. Employment will grow from 320, with potential new hires, as Penwest expands its Pengloss product line and contemplates a second Pengloss plant in Indiana or Ohio.
MENTIONED IN THIS ARTICLE
Steven Hance
Penford
Penford Products
Bob Sundmacher
Sundmacher
Hamacher
Penwest
Cedar Rapids
Hamachek
Pengloss
North America
Europe
Indiana
Ohio
Conway Sturgeon
Penford Products Co
First St
Tod Hamachek
H. Thomas Reed
Gulf weighs sending 50 000 more U S troops for possible ground action
Pentagon officials indicate the Bush administration may dispatch as many as 50 000 additional U S troops to the Persian Gulf as Gen Schwarzkopf and Gen Powell discuss options. Secretary Cheney planned talks after Powell's return to decide on force levels. Oil prices fluctuated amid market uncertainty.
MENTIONED IN THIS ARTICLE
Pentagon
Pete Williams
Colin Powell
Joint Chiefs of Staff
H. Norman Schwarzkopf
U.S
Gulf
Powell
Saudi Arabia
Defense
Dick Cheney
Washington
Williams
Bush Administration
Persian Gulf
Kuwait
United States
Cheney
Schwarzkopf
Farm bill faces 1990 hurdle amid subsidy cuts and GATT trigger
The House approved a 54 billion five year farm price support plan but a 13.6 billion, 25 percent reduction is tied to deficit talks. Iowa senators Harkin and Grassley are poised to oppose the bill in the Senate over the cuts and subsidy strategy.
MENTIONED IN THIS ARTICLE
House
Midwest
European Economic Committee
U.S
Secretary of Agriculture
Iowa
Tom Harkin
Charles Grassley
Senate
Grassley
Harkin
Senate Agriculture Committee
Iowa and Nebraska income dip contrasted with Branstad stance
Branstad defends Iowa quarterly income figures while Avenson blasts the state’s economic policy citing wage ranking drops from 30th to 43rd and criticizes grant policies. He notes farm income volatility and forecasts stronger year-end results amid strong livestock prices and soy yields. Nationwide personal income growth slowed to 1.3 percent.
MENTIONED IN THIS ARTICLE
Commerce Department
Branstad
Avenson
Iowa
Labor Department
Oelwein
Terry Branstad
Federal
Department
Jury seated in PTL money diversion lawsuit
A jury was seated in Charlotte to decide a $757 million lawsuit accusing PTL founder Jim Bakker and others of diverting contributors money for personal use. Opening arguments were scheduled for that morning.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
PTL
Jim Bakker
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Younkers Associates
Des Moines
Liz Claiborne