TWA sale to AMR gains path to close this week
U S Bankruptcy Judge Peter Walsh denied motions to stay the sale of Trans World Airlines to AMR Corp ending a key obstacle. TWA creditors Carl Icahn and others challenged the deal. One union reached a contract with American while the other union opposed the sale.
MENTIONED IN THIS ARTICLE
Trans World Airlines Inc
American Airlines
U.S
Peter Walsh
TWA
Fort Worth
AMR Corp
Carl Icahn
Walsh
American
Air Line Pilots Association
International Association of Machinists and Aerospace Workers
LAM
United flight attendants authorize strikes over US Airways deal
United Airlines flight attendants vote overwhelmingly to authorize periodic strikes if United acquires US Airways. They warn actions could start after mid May pending government decision on the $4.3 billion deal. The union insists the strike would violate federal law and the current contract through 2006. Land O Lakes Farmland Feed closes Cedar Rapids mill leaving 14 job cuts with shifts moved to Clarence plant.
MENTIONED IN THIS ARTICLE
United Airlines
US Airways
United
UAL Corp
Land O’lakes Farmland Feed LLC
J St
Cedar Rapids
Co-Op
Clarence
Land O’lakes and Farmland Industries
North America
Best Buy Reports 16 Percent Q4 Profit Rise
Best Buy Inc. posted a 16 percent rise in fourth quarter profit to 89 cents a share on $5.46 billion in revenue, beating analysts' 82 cent estimate. The Minneapolis retailer cited costs from Musicland Stores acquisition and e commerce write offs while noting year over year gains.
MENTIONED IN THIS ARTICLE
Best Buy Inc
Wall Street
Musicland
First Call
Thomson Financial
Xerox shares plunge after delay in filing 10 K
Xerox Corp. saw its stock drop 17.5 percent after delaying its year end financial report to allow outside auditors more time. The SEC is reviewing Xerox finances while KPMG has not raised issues so far. The 10 K filing was due in March.
MENTIONED IN THIS ARTICLE
Xerox Corp
Xerox
Securities and Exchange Commission
KPMG
SEC
FedEx USPS Deal Probed by Antitrust Officials
Four cargo airlines and about a dozen aviation-service firms urged the Justice Department to open a formal antitrust inquiry into a 6 billion seven year contract between the U S Postal Service and FedEx Corp The petition argues the deal would allow FedEx to monopolize parts of mail service and seeks to halt the contract pending review James Allen of Emery Worldwide Airlines called for action and the DOJ confirmed it is examining competitive effects without further detail
MENTIONED IN THIS ARTICLE
U.S. Postal Service
FedEx Corp
Justice Department
FedEx
James Allen
Emery Worldwide Airlines
Charles Miller
Panera Bread opens at Sycamore Mall in S C
Panera Bread opens today at Sycamore Mall Iowa City operated by SLB Group Management the largest Panera franchise group with eateries in Iowa Illinois Minnesota and Nebraska The 800000 renovation converts the former Walgreens area into a bright bakery cafe designed for casual dining and meetings The new entry directs shoppers to the bakery and supports community donations via United Way boxes and daily bread donations to shelters
MENTIONED IN THIS ARTICLE
Izette
Miranda Meyer
Amber Facer
Coralville
Panera Bread Bakery
Sycamore Mall
Iowa City
Panera Bread
S.C
Marlene Lucas
Bettendorf
Algenalp
Coral Ridge Mall
Amy Goddard
SLB Group
United Way
Earnings, China woes hit markets
Wall Street slumped as earnings warnings and U S China tensions weighed on stocks. The Dow fell to 9485.71, down 292.22, while the S&P 500 dropped 39.41 and Nasdaq down 109.97 to 1673.00. Declines outpaced advances 3 to 1 with heavy volume. Local names Kohl’s Quaker Oats Wal-Mart among losers.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United States
China
U.S
Dow
Standard & Poor
Charles G. Crane
Spears, Benzak, Salomon & Farrell
New York Stock Exchange
Iowa
Kohl
Kohl’s
Quaker Oats
Fiserv
U.S. Cellular
AEGON
Wal-Mart
McLeodusa
Cedar Rapids food show spotlights corn fry Cornados
At the Reinhart Food Service show in Cedar Rapids 225 companies display new items as DBC Brokerage Co. salesman Don Dougherty touts Cornados made from Iowa stone ground corn. Restaurateurs like Jeff Ehlers seek menu expansion with easy to prepare appetizers amid labor concerns.
MENTIONED IN THIS ARTICLE
Dougherty
U.S. Cellular Center
Jeff Ehlers
Dyersville
Jeff Adelhoven
Reinhart
Adelhoven
Cedar Rapids
Des Moines
Simplot Food Group
Reinhart Food Service Co
Feedlot runoff rules under study by Bush administration
Agriculture Secretary Ann Veneman said final feedlot pollution rules will balance farming needs with environmental protection. EPA proposed extending permits to more cattle and hog farms and tightening controls on large poultry operations, with public comment extended 75 days to July 30.
MENTIONED IN THIS ARTICLE
Washington
Bush
Clinton
Agriculture
Ann Veneman
Environmental Protection Agency
EPA
Veneman
4-H
Monsanto forms growers advisory panel led by Tom Ewing
Retired Rep. Tom Ewing of Illinois will head a 17 member Monsanto growers advisory council. The panel includes U S agricultural and commodity leaders and will advise on policy, provide a forum for producers, and help outline future work in commodity and value added crops.
MENTIONED IN THIS ARTICLE
ST. Louis
Tom Ewing
Illinois
Agriculture and Biotechnology
Monsanto Co
Monsanto
Ewing
House Agriculture Committee
U.S. Agricultural and Commodity Organiza
General Accounting Office
Congress
United States
Argentina
Carl Casale
Also Mentioned on This Page
C.R
Best Buy
BuizFacts
Marlenel
By Dave DeWitte
Gazette
Brian Ray
Agriculture Department
American Farm Bureau Federation
Monsanto Plans Growers Advisory Panel
Aaa
VU Eel Ie
Chestnut Ridge Cr. N.E
42Nd St
Morello Rd
Primus
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