Stocks rise after four day sell-off amid mixed economic signals
Wall Street rebounded Tuesday as investors bought lower priced stocks despite a weaker ISM manufacturing report showing factory activity fell for the first time in five months. The Dow rose 77.73 to 8069.86 and the Nasdaq gained 7.13 to 1348.30 as volume cooled slightly. Qwest delays 2002 annual report amid ongoing audits. 2002 losses total 35.9 billion. McDonald’s eyed bun reformulation and Big Mac sauce revival. Filet-O-Fish to be steamed to melt cheese. fewer remodels planned.
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Wall Street
Institute For Supply Management
U.S
New York Stock Exchange
Qwest Communications International Inc
Securities and Exchange Commission
Kpmg LLP
Qwest
McDonald’s Corp
McDonald’s
Regulators OK code share plan for major airlines
Federal regulators approve a code share marketing plan allowing Delta Northwest and Continental to sell seats on each other’s flights after a January threat to ignore government conditions. The Transportation Department will monitor to ensure competition remains intact and not stifled.
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Delta
Northwest
Continental Airlines
Transportation Department
Vilsack courts German biotech industry
Gov. Tom Vilsack led a European trade delegation to seek stronger ties with German pharma on biotech manufacturing. A memorandum with the German National Association of the Pharmaceutical Industry could boost Iowa universities’ research contracts and connect Iowa firms with German partners through the Frankfort trade office. Bayer Crop Science discussed collaboration with Iowa universities while German firms in Iowa noted ongoing investment amid postwar tensions.
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Dave DeWitte
Iowa
Tom Vilsack
Europe
U.S
Iraq
Vilsack
Frankfort
Germany
Iowa business leader awards Pearson CEO in Iowa City
Marjorie Scardino, Pearson PLC chief executive, visited Iowa City to receive the 2002 Oscar C. Schmidt Iowa Business Leadership Award from the University of Iowa. NCS Pearson operates in Coralville and Iowa City with two divisions in the Technology Corridor and strong 2002 sales growth.
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George C. Ford
Gazette
Iowa City
Pearson PLC
Iowa
NCS Pearson
Marjorie Scardino
Pearson
Oscar C. Schmidt
University of Iowa Tippie College of Business
Pearson Educational Measurement
Cedar Rapids
Pearson Government Solutions
Oakdale Research Park
Coralville
Pearson Education
Scardino
Texas
Government Solutions
America
U.S. Immigration & Naturalization Service
Medicare
E.F. Lindquist
Lindquist
University of Iowa
Measurement Research Center
MRC
Westinghouse Learning Corp
National Computer Systems of
Minneapolis
NCS
U.S
The
Economist
Buzz Orr
the Gazette
Great Britain
Energy costs slow growth in nine Midwest states
The Mid-America Business Conditions Survey shows the nine state region contracting slightly in March with an index of 53.7 down from 53.9. Iowa’s index slipped to 52.6 as new orders and production rise offset weaker employment. export orders dropped amid war uncertainty. Energy prices loom as a factor in slower growth ahead.
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Omaha
Neb
Midwest
Mid-America
Creighton University
Ernie Goss
Iowa
Goss
Iraq
Arkansas
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Vidal Sassoon Sues P&G Over Brand Destruction
Celebrity hairstylist Vidal Sassoon sues Procter & Gamble claiming fraud and breach of contract. He alleges P&G downgraded his line to avoid royalties, halting marketing in US Canada and Europe while pushing other brands like Pantene. The suit seeks contract termination and damages possibly in the millions.
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Los Angeles
Vidal Sassoon
Procter & Gamble Co
Sassoon
Craig Parsons
Kim Vollbrecht
Procter & Gamble
Richardson-Vicks Inc
ISU lab to receive federal funding for disease center
Iowa senators announced 98 million dollars in funding for a national animal disease lab at Iowa State University in Ames. The amount was tied to a 74.7 billion supplemental spending bill aimed at war, security, and homeland defense. Senator Harkin noted previous funding of 171 million and called the project vital for food safety and bioterror preparedness.
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Michael Myers
Washington
Iowa
Iowa State University
Ames
Senate Appropriations Committee
Ted Stevens
Alaska
Tom Harkin
Chuck Grassley
Sen. Grassley
Harkins
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David.dewitte
Gazettecommunications.com
Gov. Tom Vilsack
E. Iowa
P&g
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