Stocks slip as Dow falls over 100 points on Monday
Wall Street retreated from optimism about semiconductors with the Dow Jones down 111.47 to 10 401.31 and the Nasdaq losing 32.07 to 2034.26. Intel dropped 1.40 to 30.28 as Eastern Iowa shares mixed with 10 gainers and 38 decliners.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
Intel
New York Stock Exchange
Iowa
Quaker Oats
Nash Finch
IBP
Heartland Express
General Electric
U.S. Cellular
LucentTech
Cie
GenlElec
QwestComm
Amds
EMC Corp
American Stock Exchange
E-Medsoft
Hooper
Exodusc
Cisco
Oracle
Sun Micro
Trn
Uti
Indus Tran
Standard & Poor’s
Santa Monica
Calif
Chicago Fed Chief Moskow to Keynote Priority One Luncheon
Michael Moskow president and CEO of the Federal Reserve Bank of Chicago will deliver the keynote at the Priority One annual luncheon in the Crowne Plaza Five Seasons ballroom. About 500 people are expected to attend the noon event. Moskow sits on the Federal Open Market Committee and will address economic trends and issues.
MENTIONED IN THIS ARTICLE
Michael Moskow
Federal Reserve Bank of Chicago
Crowne Plaza Five Seasons
Moskow
Federal Open Market Committee
Federal Reserve System
EU Approves Sara Lee Earthgrains Deal Finalized
The European Commission cleared Sara Lee Corp to acquire Earthgrains Co in a $2.8 billion transaction. Earthgrains, maker of Earth Grains IronKids Colonial Rainbo and Grant's Farm, posted 2001 revenues of $2.6 billion and operates two Cedar Rapids distribution centers and a Dubuque bakery.
MENTIONED IN THIS ARTICLE
European Commission
Sara Lee Corp
Earthgrains Co
Sara Lee
Earthgrains
Earth Grains
Rainbo
Grant’s Farm
Cedar Rapids
Dubuque
Treasury bill rates fall in Monday auction
The Treasury sold 15 billion in three month bills at 3.430 percent down from 3.480 percent last week and 14 billion in six month bills at 3.350 percent down from 3.380 percent. The new discount rates understate the returns at 3.508 percent for three month bills and 3.456 percent for six month bills. The Fed also reported one year T bill yields averaging 3.56 percent last week down from 3.59 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Storm losses push United Fire to quarterly deficit
United Fire and Casualty Co reported a second quarter net operating loss of 587000 dollars as spring storms and other catastrophes hit earnings. Life insurance income rose to 23 million, while six month results show strong premium growth but overall catastrophe impact totaling 75 cents per share.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
United Fire & Casualty Co
United Fire
Contact Financial Editor George Ford
Financial editor George Ford is listed with contact details including a phone area code and email, inviting readers to reach out for market insights and financial news commentary.
MENTIONED IN THIS ARTICLE
George Ford
Georgef
Global Crossing to cut 11 Cedar Rapids jobs in global layoff plan
Global Crossing Ltd will close 100 offices worldwide and cut 2,000 jobs, saving an estimated 160 to 170 million dollars yearly. In Cedar Rapids the local operation will shed 11 of 150 positions, with no details on which posts. The company reports a 629.6 million dollar Q2 loss.
MENTIONED IN THIS ARTICLE
Global Crossing
Cedar Rapids
Heat humidity lift corn and soy crop outlook in Iowa
Government report shows corn silked on 89 percent of acres, milk stage at 46 percent, and overall good to excellent conditions. Soybeans lag with 54 percent setting pods, while heat indexes reached 112 in Iowa City and heavy rains drenched parts of the state. Topsoil moisture mostly adequate with some shortages.
MENTIONED IN THIS ARTICLE
Gazette
Iowa
Perry
Iowa City
Linn
Johnson
Rockwell Collins names executive slate from former Rockwell era
Cedar Rapids Rockwell Collins unveils a leadership team drawn entirely from its prior Rockwell International tenure. new officers include Larry Erickson as chief financial officer Jerome Gaspar as engineering and technology head Herman Reininga as operations chief and William Richter as human resources chief.
MENTIONED IN THIS ARTICLE
Gazela
Cedar Rapids
Rockwell Collins
Rockwell International
Larry A. Erickson
Jerome J. Gaspar
Herman M. Reininga
William J. Richter
Erickson
Gaspar
Reininga
Mercy Hospitals Acquire Stake in Wellmark HMO
Mercy Medical Center Cedar Rapids joins Covenant Health System of Waterloo as shareholders in Wellmark Health Plan of Iowa. The four-hospital stake brings hospital ownership to 25 percent with aim for balance between Wellmark Inc and participating hospitals.
MENTIONED IN THIS ARTICLE
Wellmark Health Plan of
Iowa
Peter Roberts
HMO
A. James Tinker
Mercy Medical Center
Raymond Burfeind
Covenant Health System
Wellmark Health Plan of Iowa Board of
The Gazette Reports Stock Market Moves Today
The Gazette notes varied gains and losses across major indices as traders weigh corporate earnings and inflation signals. Technology and energy sectors post mixed results while small caps show selective strength.
Also Mentioned on This Page
Djia
Chicago
Fed
C.R
BizFact
United Kingdom
Australia
France
Germany
Mex
United
Gold's Gym
Oakdale Express
Gold’s
Oakdale Blvd
Coralville
Gold’s Gym
Twixt Town Rd
Rock Valley
McGregor
Rockwell
Richter
Clay Jones
Neal J. Keating
Commercial Systems
Robert M. Chiusano
Government Systems
Gregory S. Churchill
Presi
Dent
Gregory L. Steiner
In-Flight Network LLC
Steven J. Piller
Air Transport Systems
Ronald R. Hornish
Integrated Applications & Navigation Systems
Bernard Loth
David Mineck
Kaiser Aerospace and Electronics
Robert Ortberg
Communications Systems
John- Paul E. Besong
Electronic Business
Kent L. Statler
Lean Electronics
Harry L. Gregory
Collins Aviation Services
Larry Erickson
Jerome J Gaspar
Engineering and Technology
William Richter
Mercy
Ously
Wellmark
Hospital
Sandy Daggett
Genesis Health System
Davenport
University of Iowa
Nyse Index
Amex
Biotech
Computer Finance
Indust
Insurance
Yee
Telecom
Transport
Associated Press
the Gazette
Findex
Fine Point
P.O
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!