Dow shares fall as Iraq war fears weigh on markets
The Dow drops 153.64 points to 7,992.13 on Monday, amid war fears and weak Midwest manufacturing data. Nasdaq slides 28.43 to 1,341.17 as trade talks stall and US Airways exits Chapter 11, outlining $1.9 billion in annual cuts and war-related costs of at least $360 million.
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Wall Street
Iraq
Midwest
Bryan Piskorowski
Prudential Securities
Dow
New York Stock Exchange
World Trade Organization
India
US Airways
David Castelveter
Iowa farmers hold to steady corn and soybean acreage in March projections
The Agriculture Department says Iowa will plant 12.3 million acres of corn and 10.4 million acres of soybeans, unchanged from last year. Nationally corn acreage totals 79.022 million and soybeans 73.182 million, with biotech adoption rising to 38 percent for corn and 80 percent for soybeans.
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the Gazette
Agriculture Department
Great Plains
Mississippi River
Ohio
Iowa
U.S. Department of Agriculture
U.S
Interest rates fall in Treasury bill auction
The Treasury sold 16 billion in three month bills at 1.100 percent, and 17 billion in six month bills at 1.090 percent. The new discounts imply yields of 1.121 percent for three months and 1.114 percent for six months, with prices around 9 972.20 and 9 944.90 respectively. The Federal Reserve noted one year bill yields slipped to 1.27 percent from 1.32 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Merrill Lynch Moves Downtown Cedar Rapids Office
Merrill Lynch will relocate its Inter state 380 corridor office to a high visibility corner in downtown Cedar Rapids this summer. The move expands space by over 50 percent to more than 3 000 square feet and serves the entire corridor from Iowa City to Water loo Cedar Falls with eight local employees expected to grow.
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Dave DeWitte
Gazette
Cedar Rapids
Merrill Lynch
Iowa
Linn Photo
First Avenue
First Street
Merill
Julianne Smith
First Ave
Iowa City
Waterloo
Cedar Falls
Smith
Linn
Merrill
U.S
Ann Lipsky
Best Buy seeks sale of Musicland unit amid decline
Best Buy Co. plans to sell its Musicland subsidiary after declining CD sales and weaker consumer electronics performance. CEO Brad Anderson confirmed the effort, with investment bankers aiding the process. Musicland operates about 1,200 stores including Sam Goody locations in Lindale Westdale Cedar Rapids Coralville and Iowa City Old Capitol.
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Minneapolis
Best Buy Co
Musicland
Brad Anderson
Best Buy
Anderson
Connie Furhman
Sam Goody
Lindale
Westdale
Cedar Rapids
Coral Ridge Mall
Coralville
Old Capitol Town Center
Iowa City
Wal Mart Tops Fortune 500 for Second Year
New York AP Wal Mart Stores Inc retains No 1 on Fortune 500 as demand for affordable staples boosts revenue in 2002. General Motors rises to No 2, Exxon Mobil drops to No 3, Ford remains No 4, GE climbs to No 5. Iowa firms Principal Financial Des Moines at 210 and Maytag Newton at 344 also on the list.
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New York
Wal- Mart Stores Inc
Wal-Mart
Fortune
General Motors Corp
Exxon Mobil Corp
Ford Motor Co
General Electric Co
Iowa
Principal Financial
Des Moines
Maytag Corp. of
Newton
Wal-Mart Tops Fortune 500 for Second Straight Year
Fortune magazine lists Wal-Mart Stores as the largest U.S. company by revenue in 2002 with nearly 250 billion, followed by Citigroup and ChevronTexaco. The annual Fortune 500 ranking, compiled since 1955, notes AP as the source.
MENTIONED IN THIS ARTICLE
Wal-Mart
Fortune
Verizon brings high speed wireless data to Cedar Rapids area
Verizon Wireless launched its Express Network in Cedar Rapids Iowa City Cedar Falls Waterlo Dubuque offering 40 to 60 kbps typical speeds with bursts to 144 kbps. Devices include $69.95 modem kit $299.99 AirCard 555 and $599.99 Windows Pocket PC with air card. Plans start at 35 per month for 10 MB with unlimited at 99.99.
MENTIONED IN THIS ARTICLE
Iowa
McLeod USA
APAC
McLeod USA A
Aegon NV
Alcoa Inc
Mestek
Alliant Energy
Moore Corp
Arch Dan Mid
Nash Finch
Pearson PLC
Bandag Inc Pentord Corp
Caseys Gen Store
Fiserv
Genencor Intlinc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Union Planters
Hon Inds
Inti Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Londva File
Unova Inc
Macc Pry Eat
Verizon Comm
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co Weyerhauser
Gazette
Cedar Rapids
Verizon Wireless
Iowa City
Cedar Falls
Waterloo
Dubuque
Express
Rich Garwood
Great Plains
Garwood
Karen Smith
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Trey
Nasdaq
WTO
Gorn
Ag Department
By Marlene Lucas
Dan Basse
AgRe
Basting
Chicago Board of Trade
Dan Basse AgResource Co
Brian Basting
Advance Trading Inc. Analyst
AP Stockquote
Marlene Lucas
Don Wood
Orscheln Farm
Home Supply
Wood
Fortune 500
General Motors
General Electric
Citigroup
Cen
whevronTexaco International Business Machines
American International Group
Verizon Communications
KGAA
Fortune Magazine
Verizon
George. Ford
Gazettecommunications.com
ASG
KTOS
Armar Drive
Marion
Alliant
Rockwell Collins
Alliant Energy American Profol Cabinet Creations
Cedar River Paper Company
Cottage Grove Place
Crystal Group
Dale Lee Distributing
Sin & Feather
Goodwill Industries of
Iowa Precision Industries
Kinko's
Lindale City Looks
Salon & Spa
Lindale Mall
Ox Yoke Inn
Quaker Oats Company
Rockwell Collins United Fire & Casualty
Iny
The
Iowa Waste Exchange
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