Dow Falls as Stocks Dip in Late Trading
The Dow Jones dropped 45.06 points to 7,782.37 on a late session sell-off. NYSE volume eased to 891.58 million shares with 13 to 9 advancers to decliners. Eastern Iowa stocks: 23 gainers, 17 losers, 1 steady as AEGON and Kodak rise while Gillette and McLeod slip.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
American Stock Exchange
Iowa
AEGON
Eastman Kodak
Firstar
General Electric
Gillette
Sealed Air Corp
United Tech
McLeod
Grant to help Ertl workers retraining plan outlined
The U S Department of Labor awarded a 614600 grant to the Dubuque office of the Iowa Workforce Development to retrain 92 Ertl Toy Co workers in Dyersville who will be laid off October 16. Some workers hired in 1965 may retire or find new jobs while others need training. The grant also aids workers laid off earlier at FDL Dubuque Foods and McGraw Hill in Dubuque who did not finish training. The Ertl layoffs follow the company moving plastic model kit production to Mexico.
MENTIONED IN THIS ARTICLE
U.S. Department of Labor
Dubuque
Iowa Workforce Development Agency
Ertl Toy Co
Dyersville
Gene Geisen
Ertl
FDL
Dubuque Foods
McGraw-Hill
Erdl
Mexico
US West outlines multimillion plan to clear service backlog
US West launches a multimillion dollar program to clear poststrike customer requests for new service and repairs. Five hundred managers join returning union staff and hundreds of contract workers to handle over 50 000 orders daily. Outside teams will work through Labor Day weekend with priority for affected customers to install service before September end.
MENTIONED IN THIS ARTICLE
US West
California approves ethanol as clean air additive boost for Iowa corn
California lawmakers clear a bill to curb MTBE rules and require CARB to accept ethanol as an approved additive. The move could expand ethanol demand, potentially needing more processing facilities and lifting Iowa corn markets as harvest nears. Norton of the Iowa Corn Growers Association touts a possible 150 million bushel demand rise for ethanol.
MENTIONED IN THIS ARTICLE
Iowa
California General Assembly
California
California Air Resources Board
CARB
Pete Wilson
Debra Bowen
Assembly Natural Resources Committee
The
Air Resources Board
Wilson
Norton
Hiawatha opens new bank in Cedar Rapids area
Hiawatha Bank & Trust Co opens at 777 N Center Point Rd with CEO Kevin Carlson and President Carl Bernau leading a Country Bancorp unit. The bank pledges full loan and deposit services, FDIC coverage, and a fall grand opening planned in the Cedar Rapids metro.
MENTIONED IN THIS ARTICLE
Hiawatha Bank & Trust Co
Cedar Rapids
Center Point Rd
Kevin Carlson
Omaha
Neb
Keystone Savings Bank
Marengo
Hiawatha Bank
Carol Ware
Brenton Mortgages
the Bank
Bernau
Iowa City
Thomas Bernau
Des Moines
Russell Wagler
Crawfordsville
Brian Middendorf
Carlson
Federal Deposit Insurance Corp
Center Point
Boyson Roads
New Hiawatha Bank & Trust Co
Hiawatha
Northwest lays off 27500 as pilots strike grounds flights
Northwest Airlines cuts 27 500 jobs and cancels all flights through Labor Day weekend amid pilot walkout. Air Canada pilots strike disrupts flights. 6 100 pilots at Northwest and other unions push for higher pay and better conditions. Transportation officials urge restart talks as travel to Twin Cities becomes difficult.
MENTIONED IN THIS ARTICLE
Associated and Gazette
Minneapolis
Northwest Airlines
Air Canada
Washington
National Mediation Board
Commission completes membership for Cedar Rapids enterprise zone
The Cedar Rapids commission naming three final members includes Mel Andringa and Tim Kintner joining Gary Skogman, appointed Wednesday by six existing members. Andringa resides in the empowerment zone and a law requires a resident on the panel. Remaining members cover labor economic development council planning and education roles.
MENTIONED IN THIS ARTICLE
Douglas Neumann Garette
Cedar Rapids
Gary Skogman
Skogman Companies
Mel Andringa
CSPS
Tim Kintner
First Trust Bank
Bob Novak
Labor
Don Hattery
Ole Munson
Stephen Rackis
Work
Mary Westphalen
Planning Commission
Mervin Kronbaugh
Stocks edge down after late trading dip
Stocks fell Wednesday and faltered late after a brief push off August losses. The Dow closed down 45.06 at 7,782.37, well below its July peak, with gains in banks and health shares offset by ongoing concerns about global growth and a continuing correction in the market. President Clinton urged reassurance alongside Yeltsin as volatility persisted.
MENTIONED IN THIS ARTICLE
New York
Dow
Charles White
Avatar Associates
New York City
Asia
Russia
Moscow
Clinton
Boris Yeltsin
McLeodUSA names regional presidents in realignment
Cedar Rapids based McLeodUSA announced a five executive realignment to create four regional zones. Dennis Erickson takes Indiana Illinois Wisconsin. Blake Fisher Jr covers Iowa Minnesota. Steven Shirar leads Missouri. David Boatner oversees Colorado Wyoming North and South Dakota. J Lyle Patrick becomes group VP of finance and CFO.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Also Mentioned on This Page
Quintrex
Quintrex Data Systems Corp
Shoreham Telephone Co
Shoreham
Iowa Association of Business and Industry
ABI
ICN
Iowaabi.org
Association
Boeing Corp
Long Beach
Calif
Boeing
Yuma
Ariz
McDonnell Douglas
Bortom
Lucy Norton
Mar
Corner Growers Association
Iowa Corn Growers Association
San Francisco
Bowen
Hiawatha’s
William Bernau
Peoples Savings Bank of
Country Bancorporation of
Riverside
Walker
Northwest
Twin Cities
Larry Mullendore
Eastern Iowa
Mullendore
Chicago
Transportation
Rodney Slater
Northwest Airlink
Midwest
Fort Dodge
South
Slater
Commission
Andringa
Gary Hughes
Nmicleodusa
J. Lyle Patrick
Fisher
Consolidated Communications
Brice Nemitz
Nemitz
Dan McBurney
Gazette
Minnesota
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