Wall Street Rebounds After Morning Dow Slide
The Dow Jones industrials recovered from a 184.61 drop to finish up 37.59 at 7,933.25, while the index stood 4.5 points above its year start. NYSE volume fell to 610.89 million shares as 20 Eastern Iowa stocks rose, 20 fell, and one was unchanged. Deere & Co rose 1 to 30, GE up 1 to 794, P and G up 1 1/16 to 70. United Fire up 1 to 36, MCI WorldCom up 1 to 475. Quaker up 2 13/16 to 58, AEGON off 3 5/16 to 71 1/16, Maytag down 1 5/16 to 80, Rockwell down 1 1/16 to 38 11/16, United Tech down 1% to 78 1/16.
MENTIONED IN THIS ARTICLE
Dow
NYSE
Iowa
Deere & Co
General Electric
Procter & Gamble
Quaker
MCI WorldCom
United Fire
AEGON
Maytag
Rockwell
United Tech
NEW York Stock Exchange
LucentTechs
Agco Corp
American Stock Exchange
Viacoms
EcnoBey
DJIA
Cisco
Standard & Poor
hsmers + Utilities
Feat
Wilshire Associates Equity
Ridey
Lockheed to buy Comsat in $2.7 billion deal
Lockheed Martin Corp plans to acquire satellite access provider Comsat in a two phase cash and stock transaction valuing Comsat at 2.7 billion dollars. Completion depends on pending federal legislation to privatize the global satellite communications network.
MENTIONED IN THIS ARTICLE
Lockheed Martin Corp
Comsat
Kellogg executive resigns amid profit slump
Kellogg Co. confirms the resignation of its North American head Thomas Knowlton, the second VP to quit in a week as profits slide 12.5 percent in Q2. The Westdale Mall hosts a Job Opportunity Fair Thursday to Saturday from 10 a.m. to 9 p.m. at the lower-level center court with 100+ shops offering temp to management roles.
MENTIONED IN THIS ARTICLE
Kellogg Co
Thomas Knowlton
Westdale
Short term T-bill rates drop to four year lows
The Treasury sold 8 billion in three month bills at 4.635 percent, down from 4.74 percent, and 8 billion in six month bills at 4.615 percent, down from 4.755 percent. The three month rate was the lowest since Sept 19 1994 and six month the lowest since June 27 1994. The Fed reported one year T-bill yield steady at 4.76 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Farmers Harvest Early As Heat Advances Iowa Crops
Last week's hot weather pushed Iowa corn toward early maturity with six percent harvested, 12 days ahead of last year and nine days ahead of the five year average. Soybeans five percent harvested. frost hoped for soybeans. Corn yields in Dyersville 140 to 200 bushels per acre. moisture 20 to 27 percent. Harvest continues into next week.
MENTIONED IN THIS ARTICLE
Iowa Crops & Weather Report
Terry Bockenstedt
Dyersville
Cedar Rapids
Burlington
Sioux City
de Witt
Russia prints money to avert bank collapse in crisis
Russia's central bank began printing 900 million rubles and granted short term credits to banks to ease a bank payment backlog totaling over 30 billion rubles. President Yeltsin and Prime Minister Primakov pursued cabinet reshuffles and an economic recovery plan as analysts warned of inflation risk.
MENTIONED IN THIS ARTICLE
Moscow
Russia
Boris Yeltsin
Yevgeny Primakov
Andrei Kozlov
Central Bank
Kozlov
U.S
Finance Ministry
Mikhail Zadornov
Democrats unveil Clinton farm aid package amid GOP alternative
Senate Democrats outline a 7.1 billion plan to boost marketing loan rates and provide disaster relief, uninsured crop aid, and livestock support while Republicans push a 3.9 billion counter proposal. The package maintains a five billion dollar lifting of loan subsidies and includes disaster help, crop loss assistance, land and forest funding, plus operating and staff support.
MENTIONED IN THIS ARTICLE
Washington
Clinton
America
Senate
Tom Daschle
D-S.d
Four named to top posts at The Gazette Family of Companies
The Gazette on Monday announced four management appointments. Charles Peters becomes chief operating officer, joining Hladky and Slaughter as senior leaders. David Storey is vice president of advertising, John Phelan becomes vice president and general manager of KCRG, and Gary Nosek is facilities maintenance director. Peters has a legal background and previously led Amana Refrigeration.
MENTIONED IN THIS ARTICLE
George C. Ford
KCRG
Phelan
Bob Allen
Gary Nosek
Gazette
Nosek
Dave Fiala
Rockwell Collins
Cedar Rapids
Joe Hladky
Peters
Hladky
Ken Slaughter
Trea
Amana Refrigeration Inc
Simmons, Perrine, Albright and Ellwood
Amana
Fairfax
Iowa City
Gazette Family of Companies
Also Mentioned on This Page
Lockheed
Kellogg
Westdale Mall Job Fair
Miet Bale
ASM UK
L.W. Ward
Neal Keating
Bob Tibor
Fiji
Keating
Air Transport
Confederate Air Force
Texas Corporation
Democrats
Farm Service
Forest Service
Conrad
Free
Westaff
One -Ommunity Credit Union
Breakthrough Inc
Coralville
Chuck Peters
Breakthrough
Chuck
Charles Peters
David Storey
John Phelan
Nyse Index
Industria
Insurance
Telecom
Associated Press
42Nd Street
Southwest Branch
14Th Avenue
1St Avenue
Lins Community
Coillinscu.org
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