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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 02, 2003

Page

8

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.

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.

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.

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.

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.

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.

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.

Michael Myers Washington Iowa Iowa State University Ames Senate Appropriations Committee Ted Stevens Alaska Tom Harkin Chuck Grassley Sen. Grassley Harkins

Also Mentioned on This Page

DOW AP Stockquote AMEX Vilsack Courts Sack Bayer AG Bayer Crop Science Division Kansas City Quad Cities Des Moines Americar Profol David.dewitte Gazettecommunications.com Gov. Tom Vilsack E. Iowa P&g Asia United States Canada Parsons Sassoon’s ISU Animal Disease Lab Harkin Mittee Congress
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