Eastern Iowa stocks mirror national market downturns
Markets in Eastern Iowa followed the nationwide slide with 13 gains, 31 losses, and one unchanged. Major movers included Procter and Gamble up to 63 7/16, GE down 7 percent to 153, and McLeodUSA plunging to 73 11/16. Duke earnings and grain futures also fell as rain forecasts weighed on corn and soybeans.
MENTIONED IN THIS ARTICLE
Iowa
Procter & Gamble
Heinz
Deere
General Mills
McLeodusa
General Electric
Conexant
Weyerhaeuser
Wal-Mart
MCI WorldCom
Chicago Board of Trade
U.S
Midwest
Farm aid pays under 70 cents on dollar to drought losses
The Agriculture Department reports farmers received about 0.70 of their crop loss claims after $1.85 billion in claims and $1.3 billion appropriated. About 260 000 producers get payments up to 55 680 each, with Texas leading recipients at 196.8 million. Congress may consider more aid for the Northeast as drought impacts linger.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Congress
USDA
America
Keith Kelly
Farm Service Agency
Texas
North Dakota
Georgia
California
North Carolina
Market suffers volatile rout as tech-led losses ease
Wall Street endured a dizzying selloff led by Nasdaq and Dow losses of over 500 points before buyers returned, ending with moderate declines. Analysts cited margin calls and overvaluation in tech, noting the day featured record swings and heavy volume on the NYSE with 1.5 billion shares traded.
MENTIONED IN THIS ARTICLE
New York
All Things Technological
Wall Street
Pete Anderson
American Express Financial Advisors
Minneapolis
Dow
Hugh Johnson
First Albany Corp
Microsoft verdict could trigger costly private lawsuits
A federal judge found Microsoft violated the Sherman Antitrust Act and abused its operating system dominance. Legal experts say the ruling frees private lawyers to pursue potentially billions in damages in 120 private and state cases, risking a lasting blow to the company even if it wins government appeals.
MENTIONED IN THIS ARTICLE
New York
Microsoft Corp
Microsoft
U.S
Thomas Penfield Jackson
Jackson
Verizon Wireless takes over Cedar Rapids cellular market
Verizon Wireless assumed control of Alltel customers in Cedar Rapids and surrounding counties after a 13 state network swap with Bell Atlantic and Vodafone AirTouch. In Eastern Iowa, about 70 local employees continue, with new rate plans promised soon as Verizon expands nationwide service to Anamosa Cedar Falls Cedar Rapids Iowa City Dubuque Waterloo and more.
MENTIONED IN THIS ARTICLE
George C. Ford
Alltel Corp
Cedar Rapids
Verizon Wireless
Bell Atlantic Corp
Vodafone AirTouch
Cellular
PCS
Little Rock
Ark
Iowa
Bremer
Dubuque
Linn
Jackson
Johnson and Jones
Anamosa
Cedar Falls
Iowa City
Maquoketa
Waterloo
Tim Wulfe
Verizon
U.S
Center Cellular
Sprint
360 Communications
Alltel
Indicator drop signals slowing economy
The Conference Board reported February leading economic indicators fell 0.3 percent to 106, the first drop since September and the steepest since January 1996. Analysts say Fed rate hikes are cooling growth while signaling more increases may be needed despite stock losses. Ken Goldstein cautions continued expansion but slower than late 1999.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
U.S
Conference Board
Fed
Ken Goldstein
Federal Reserve Board
Also Mentioned on This Page
J.C. Chamber
Disney
Walt Disney
Walt Disney World
Bill Warren
Warren
Penford
Penford Corp
Bellevue
Penford Products Co
Post Office
James Tolbert
Stamp Services
Jan Gossaert
Santa
Tolbert
BizFacts
South
Northeast
Wendy Darwell
Maurice Hinchey
D-N.y
Hinchey
Dow Jones
Tom Galvin
Donaldson, Lufkin & Jenrette
New York Stock Exchange
NYSE
Poe
Tae
Pra
Indust
Toronto
Financial District
Bell Atlantic
GTE Corp
Line of Credit
Collins Community DC Credit Union
Benton, Buchanan, Cedar
Delaware
Johnson, Jones, Iowa, & Linn Counties
Leek le A
Incua
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!