IMF Urges U S Rise In Interest Rates At IMF World Bank Meet
World financial leaders at the IMF World Bank gathering urged the United States to raise interest rates to curb currency market turbulence after a week of European unity fears. The interim committee called for cooperation to narrow rate differentials while Solchaga urged U S rate hikes.
MENTIONED IN THIS ARTICLE
Washington
United States
International Monetary Fund
World Bank
Europe
Asia
IMF
Great Britain
Germany
Carlos Solchaga
U.S
Solchaga
U.S. Federal Reserve
Bush
Market slides and gains mix as mixed signals weigh on stocks
U S and European markets show small losses with the Dow edging down 6.22 to 3 320 83 as volume thins. Cedar Rapids wins a 43 3 million Air Force contract for F 14D tech with Rockwell Collins plus a spare unit. Treasury yields rise on three and six month bills while one year bills ease slightly. Gwendolyn's Bed and Breakfast opens on September 30.
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Europe
London
Tokyo
Iowa
General Mills
United Technologies
United Fire
U.S. Air Force
Rockwell International
Collins Avionics
Cedar Rapids
Charles Grassley
Washington
Treasury
Treasury Department
Federal Reserve
NEW York Stock Exchange
Chrysler
Cp Travelers
American Stock Exchange
Res. Com
FtAuster
Undia
Newews
AMEX
Scimed
DOW Jones
Indus Tran
Utilities Insurance
Standard & Poor’s
Tran
Indust
Ares
Transpt
NMS Inds
Utilities
T! Valve
Associated Press Ri
Iowa bankers blast FDIC rules as usurious price
Thomas Gronstal, outgoing president of the Iowa Bankers Association, criticizes new FDIC Act regulations at Des Moines meeting. He says federal guarantees cash a usurious price, claims nationalization of U.S. banking, and cites uneven competition with unregulated insurers and credit unions.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Federal Deposit Insurance Corporation
Thomas Gronstal
Iowa Bankers Association
Congress of the
United States
Gronstal
Carroll County
General Mills posts 12 percent rise in first quarter earnings
General Mills Inc. reports a 12 percent advance in first quarter earnings to 159.6 million, up from 141.1 million, with 13 percent higher earnings per share at 97 cents. Sales rise 5 percent to 2.02 billion as Big G cereals and Betty Crocker drive growth.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills Inc
Betty Crocker
Cedar Rapids
Bruce Atwater
Consumer Foods
Wet fields hinder Iowa farmers harvest chief crop report
Des Moines AP reports corn and soybeans are nearing maturity in parts of Iowa but excessive rains hinder harvest. Temperatures rose 3 to 4 degrees above normal while rainfall reached 2.34 inches statewide, triple the norm. Southern Iowa saw severe flooding and erosion with 12 inches or more in places, yet major grain regions were spared. Corn: 20 percent excellent, 70 percent good, 10 percent fair. 36 percent mature. Soybeans: 13 percent excellent, 6 percent good, 20 percent fair.
MENTIONED IN THIS ARTICLE
Des Moines
Federal Agriculture Agencies
Iowa
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IMF Committee
U.s.’S
London International Futures Exchange
Dow
Collins
Air Force Sale
Gwendolyn
Second Ave
Iowa Banking Group
FDIC
By Steven P. Rosenfeld
Big G Cereals
Big G Cereal
Wheaties
Atwater
Business Printing Services
Set
Edgewood Rd
Carousel Motors
Iowa City
Brenton
Brenton Brokerage
Center Point Road
Williams, Rd
First Ave
Marion
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