Investors reel as stocks slide amid profit optimism
Wall Street extended losses for a second day with the Dow dropping 133.69 to 8306.35 and the Nasdaq down 22.69 to 1484.54 as worries mount that gains have run too far. Weyerhaeuser posted a 54 million loss for Q1 due to charges and weak demand while CRP signups run May 5 to May 30 and Greenspan returns to work after prostate surgery.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
New York Stock Exchange
Weyerhaeuser Co
Forest Products Company
Federal Way
Dirt from building projects raises Ruppert Road land
Iowa City property along Ruppert Road is being raised to street grade through University Hospitals expansion. About 40,000 cubic yards of dirt have been placed on the north side and 80,000 more will be dumped on the south side, as city officials and Realty Commercial agent Tracy Overton note the dirt’s low cost and marketing benefits.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Iowa City
Ruppert Road
University Hospitals
Tracy Overton
Iowa Realty
Aviation Commerce Park
Des Moines
Overton
Lowe’s
Coralville
Coral Ridge Mall
Dan Holderness
Highway 6
Coral Ridge Avenue
Flight attendants accept pay cuts to aid American Airlines
American Airlines flight attendants agreed to an improved cost cutting package as the carrier seeks to avoid bankruptcy. The unions accepted wage reductions and furloughs previously demanded by AMR Corp. Chief executive Gerard Arpey thanked the unions at Fort Worth headquarters while cautioning that the airline remains in a tight spot. The deal mirrors pilots and mechanics concessions and includes shorter terms and incentive pay tied to performance.
MENTIONED IN THIS ARTICLE
Washington Post
American Airlines
American
Gerard Arpey
Fort Worth
AMR Corp
Donald Carty
Arpey
Hiring outlook improves in Eastern Iowa tech corridor
A Cambridge Staffing Center survey of 141 employers in Linn Johnson Dubuque Iowa Jones and Scott counties shows 37 percent plan to hire in May to August, 62 percent expect stability and 1 percent layoffs. Average 23 new hires per company, manufacturing driving 51 percent of growth, wages up 5 percent to 10.76 per hour, manufacturing wages down to 9.64.
MENTIONED IN THIS ARTICLE
George C. Ford
the Gazette
Iowa
Iowa City
Dubuque
Cambridge Staffing Center
Cedar Rapids
Linn
Johnson
Jones and Scott Counties
Ing
Cambridge
Analysts say U.S. can avoid recession
Analysts say the U.S. economy narrowly avoided recession as GDP gained 1.6 percent from January to March, better than late last year but far below prior quarters. War fears and weather issues threatened growth, though the pace stayed in positive territory amid oil and security anxieties.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Iraq
IRS to require proof for earned income credit
The IRS will ask thousands of low income individuals to submit proof of eligibility for the earned income tax credit to curb fraud and speed refunds. Senate Democrats demand assurance the new certification rules will not overly burden claimants and officials say early certification could ease processing.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Senate Democrats
Bush
IRS
Pamela Olson
Treasury
Treasury Department
Also Mentioned on This Page
Sway
Nasdaq
Weyerhaeuser
Cedar River Paper Co
Fed
Federal Reserve
Alan Greenspan
Greenspan
David Skidmore
Central Bank
FeOime
AP Stockquote
Local
the Board of
Carty
John Ward
The
Association of Professional Flight Attendants
Steve Blankenship
Melanie Lindley
Grapevine
Texas
AMR
E. Iowa
U.S
East Iowa
APAC
McLeod USA Pfa
McLeod USA A
Aegon NV
al Mestek Alcoa Inc
Alliant Energy
Moore Corp
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Caseys Gen Store
Heinz
Toyota Mo
Hon Inds
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp Kohls Corp
US Cellular
Longon File
Unova Inc
Macc Pry Eat
Eal Verizon Comm
Marsh & McLennan
WalMart
Roth Iras
Gary Speicher
Vernon Rd
Cos
Thomas Haley Certified Financial
Planner
Ashton Plage
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