Markets rally modestly as yields retreat after five year notes sale
A dip in interest rates spurred buys on Wall Street with the Dow up 25.42 to 9061.74 while the Nasdaq fell 20.82. WorldCom won approval to settle the largest civil fraud case for 750 million in cash and stock. General Mills reported underfunded pension plans, widening the funding gap amid a weak stock market.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury
Brian Williamson
Boston Co. Asset Management
Dow
New York Stock Exchange
WorldCom Inc
U.S
Arthur Gonzalez
Southern District of New York
Securities and Exchange Commission
WorldCom
SEC
General Mills Inc
Minneapolis
General Mills
Interest rate rises in Treasury five year note auction
Yields on five year Treasury notes climbed to the highest in a year as $18 billion in notes were sold. The auction set the yield at 3.30 percent, up from 2.10 percent at the prior sale, with a 3.25 percent coupon and a price of 9,977.10 per 10,000 face value.
MENTIONED IN THIS ARTICLE
Treasury
Gazette
News Service
USDA imposes new permits for industrial biotech crops
The Agriculture Department will require biotech firms to obtain permits for genetically engineered crops used to manufacture chemical compounds for products like detergents. The rule adds routine testing and audits, expands field inspections, and demands 50 foot unplanted perimeters and at least one mile separation from food crops. Public disclosure remains limited, prompting calls for full oversight.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Cindy Smith
Biotech Regulation
National Food Processors Association
Tim
Greg Jaffe
Biotech
Center For Science In
Public Interest
New G R pharmacy adopts paperless prescriptions in Cedar Rapids
Safescript, at 4233 Czech Lane NE, claims to be the first Iowa pharmacy to accept electronic prescriptions via Safe Med Systems. Doctors send prescriptions through a PDA over the Internet, reducing forgery and misreads while notifying doctors when filled. The Cedar Rapids store emphasizes security, private consultations, and plans to expand across Iowa and six other states with six more stores planned.
MENTIONED IN THIS ARTICLE
Duane Crock
the Gazette
Sandy Shimak
Cedar Rapids
Jill Levendusky
Waterloo
Safescript Pharmacy
Czech Square
Dave DeWitte
Gazette
Safescript
Czech Lane
Iawa
Safe Med Systems
Dale Borman
Safescript Pharmacies
Borman
Safe Med
Iowa
RTM_ Holdings
Longview
Texas
Curtis Borman
Bormans
Do Not Call Registry Surges Past 30 Million Signups
More than 30 million Americans joined the governments do not call list the FTC reported. California led with 3.4 million registrations Florida 2.2 million and Texas 2 million. Telemarketers face fines up to 11000 per violation starting September with quarterly list checks.Exemptions apply to charities polls and political calls.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
California
Florida
Texas
Burger King subpoenaed in Coca Cola probe
A federal grand jury has issued a subpoena to Burger King Corp as part of U S Attorney investigations into Coca Cola Co alleging fraud. The subpoena's scope and timing were not disclosed. The suit by former Coke manager Matthew Whitley claimed a marketing test for Frozen Coke was rigged and boosted sales.
MENTIONED IN THIS ARTICLE
Atlanta
Burger King Corp
Coca-Cola Co
Burger King
Rob Doughty
U.S
Coke
Miami
U.S. Attorney’s Office
Coca-Cola
Matthew Whitley
Whitley
EU regulators charge Microsoft abuses persist
The European Union accuses Microsoft Corp. of persisting market abuses in server software and Windows Media Player tied to Windows. It demands remedies including disclosure to rivals, Windows versions without Media Player, or carriage of rival players to ensure interoperability.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
European Union
Microsoft Corp
U.S
Executive Commission
Microsoft
Europe
United States
Commission
Tilman Lueder
Lueder
Mario Monti
Also Mentioned on This Page
Nasdaq
Cisco
USDA
Willard
Schryme
Iowa City
G.R
David.dewitte
Gazettecommunications.com
Donotcall.gov
Virginia
Windows
Fiserv
Genencor Int Inc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Inti Paper
Old Fire
Cas Keane Inc
US Bancorp
Kohis Corp
US Cellular
Unova Inc
Verizon Comm
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weverhauser
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