Winnebago to Sell Cycle-Sat Unit to WilTech Group
Winnebago Industries signs a letter of understanding to sell its Cycle-Sat advertising unit to WilTech Group Inc., owned by Williams Cos. of Tulsa. The sale price was not disclosed. Cycle-Sat employs about 220 people, with roughly 65 in Forest City, and no immediate layoffs are planned.
MENTIONED IN THIS ARTICLE
Winnebago Industries Inc
Cycle-Sat Inc
Winnebago
WilTech Group Inc
Williams Cos. Inc
Tulsa
Oklo
Cycle-Sat
Rates fall on Treasury bills in Monday auction
Short term Treasuries declined in Monday's sale with three month bills at 5.17 percent discount and six month bills at 5.30 percent. Investors receive around 5.31 percent on three month bills and 5.52 percent on six month bills after conversion. The Fed reported one year Treasury bill yields rose to 5.95 percent last week from 5.81 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Rain shortage harms Iowa corn and soy crops in East Central
Eastern Iowa reports moisture deficits with topsoil conditions mostly very short or short. Insects like rootworm beetles and grasshoppers reduce yields while drought delays growth by a week to 10 days. Temperatures ran above normal last week and rainfall varied statewide, pushing crops toward maturation with several counties recording below average rain.
MENTIONED IN THIS ARTICLE
Fawcett
Marble Rock
Floyd County
Lake Mills
Winnebago County
REC competition topic agenda for C R meeting in Cedar Rapids
The National Rural Electric Cooperative Association opens a three day regional meeting in Cedar Rapids with 500 plus executives from Iowa Illinois and Wisconsin. Panel discussions include deregulation impacts and consumer choice examples as NRECA leaders outline industry restructuring and cooperative educational efforts. Iowa hosts 43 coops serving over 450000 customers. nationwide total exceeds 1000 coops serving 10.8 percent of the population.
MENTIONED IN THIS ARTICLE
George C. Ford
America
National Rural Electric Cooperative Association
Wyndham Five Seasons Hotel
Cedar Rapids
REC
Iowa
Illinois
Wisconsin
NRECA
Legislature
Public Utility Commission
Recs
Brian Kading
Iowa Association of Electric Co-ops
Glenn English
Phar-Mor ShopKo merger creates Cabot Noble Inc
Phar-Mor Inc and ShopKo Stores Inc announced a stock swap merger valuing Phar-Mor at 100 million dollars. The new firm Cabot Noble Inc will have broader reach and lower costs, with ShopKo shareholders gaining a majority stake. Phar-Mor had filed for bankruptcy protection in 1992 amid a 350 million dollar fraud case involving Michael Monus and Patrick Finn.
MENTIONED IN THIS ARTICLE
Green Bay, Wis
Phar-Mor Inc
ShopKo Stores Inc
Phar- Mor
Cabot Noble Inc
ShopKo
Phar-Mor
Cedar Rapids
Michael Monus
Patrick Finn
Finn
Monus
Fed signals possible rate hike as unemployment falls
Economists see higher odds of a rate increase after a steep drop in unemployment. Fed Governor Meyer cites momentum and inflation risks while a Shadow Open Market Committee urges tightening ahead of the next FOMC meeting.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Laurence Meyer
Central Bank
Meyer
Federal Open Market Committee
Wall Street extends gains as Dow nears record high
The Dow Jones jumped 73.98 to 5733.84 as optimism grows that inflation and rates will stay in check. Volume was 310.88 million shares with 27 of 39 Eastern Iowa stocks up, led by United Technologies and Gillette amid cautious optimism about Fed policy and inflation data.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
American Stock Exchange
Vonurmne Las’ Cig
Samme Eric
Viecoms
BiowalCo
DOW Jones
Amex
Biotech
Computer
Financ
Standard & Poor’s
Indus
Hign
Cg. Insurance
Telecom
Transat
Wilshire
Wilshire Associates
Purce
Associated Press
New York
Iowa
United Technologies
Rockwell
W.R. Grace
McLeod
Gillette
Boatmen’s Bancshares
Procter & Gamble
Also Mentioned on This Page
Italy
Food and Drug Administration
Giglio
Parmalat
Sol di Valle
FDA
Battaglia & Co. Inc
New Jersey
By Marlene Lucas
Waterloo
Estherville
Mason City
Iowa Agricultural Statistics
C.R
1St Ave
Collins Credit Union
42Nd Street N.E
14Th Avenue
1St Avenue
Dow
A. Marshall Acuff Jr
Smith Barney
3Rd Ave
Downtown
Cedar Ka
Noc
National Banks
First Street
Third Avenue
Armstrong Centre
Iowa City
Iowa City Towncrest
William Street
Coralville
10Th Avenue
Heart of
Liberty
Cherry Street
First National Bank
Lowa City
Lowa
FDIC
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