Wall Street edges up as Dow gains despite tech downgrades
The Dow rose 57.43 to 10,458.74 while the Nasdaq slipped 6.47 to 2,027.79 amid mixed trading. Volume reached 1.20 billion shares as 27 Eastern Iowa stocks gained, 19 fell, and four held steady with notable moves in Quaker Oats, U S Cellular, General Electric, and United Fire.
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Wall Street
New York Stock Exchange
Iowa
Quaker Oats
U.S. Cellular
General Electric Advanced
United Fire
P&G posts fourth quarter loss amid restructuring charge
Procter and Gamble reports a fourth quarter loss of 320 million dollars due to a 1.16 billion restructuring charge. Excluding the charge the firm earned 837 million dollars or 60 cents per share, with sales at 9.58 billion, down from last year. Clear Channel Communications also posts a larger than expected second quarter loss and forecasts weak third quarter results due to advertising weakness.
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Procter & Gamble Co
Tide Detergent
P&g
Thomson Financial
First Call
Clear Channel Communications Inc
U.S
Clear Channel
Ktof-Am
Kxic-Am
Wmt-Am
Wmt-Fm
Iowa
Gardenburger recalls Chik n Grill filets for unlabeled sulfites
Gardenburger recalls all shipments of Chik n Grill filets after discovering sulfites missing from the label. Consumers can return product for a refund. no other Gardenburger items affected. For questions call 1 800 459 7079.
Zale warns of weak Q4 earnings after same-store drop
Zale Corp says Q4 earnings will be 5 to 10 cents a share versus 17 cents expected, as same-store sales fall about 10 percent. The Coralville Coral Ridge Mall outlet is among its locations.
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Zale Corp
North America
Wall Street
Thomson Financial
First Call
Zale
Coral Ridge Mall
Coralville
Fed official forecasts slower near term growth but 2002 gains
Michael Moskow president of the Federal Reserve Bank of Chicago says the economy likely improves later this year and into early 2002 though risks lean to weakness. He cites inventory gaps higher energy costs and tax rebates as key influences and notes Fed policy details and FOMC actions remain undecided.
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Priority One
Crowne Plaza
Five Seasons Hotel
Cedar Rapids
Michael Moskow
Federal Reserve Bank of Chicago
Cedar Rapids Chamber of Commerce
Priority One renews focus on workforce recruitment in Cedar Rapids
Priority One, Cedar Rapids Area Chamber of Commerce economic arm, aims to expand workforce development as a main strategy. Outgoing chair Ralph Russell notes six new company relocations, three expansions, eight active domestic projects, and a shift to clustering high tech industries with Iowa City Area Development Corp. Incoming chair Chuck Peters highlights cross-border college outreach and a broader, skilled labor pool to attract firms.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Priority One
Iowa City
Peters
Iowa City Area Development Corp
Bar Code Scanners Roll Out in Cedar Rapids Mailboxes
The Postal Service installs bar codes in up to nine mailboxes per route in Cedar Rapids and Iowa City to monitor delivery times. Carriers use scanners adding about two minutes per route while supervisors review data at the central office to improve consistency and reduce overtime.
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Cedar Rapids
Iowa City
Mary Lawrence- Bias
Postal Service
Lawrence Bias
U.S
USDA orders mandatory disposal of drug residue in livestock
Federal inspectors will require disposal of animal carcasses with drug residue. Current practice allows selling nonresidue parts. rule targets all livestock and mainly dairy cows, which supply about 40 percent of hamburger meat. The rule takes effect September 5.
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Washington
Department of Agriculture
Thomas Billy
USDA
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Illinois
Midwest
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Chuck Peters
Gazette Communications Inc
George Ford
Georgef
Ralph Russell
By Dave DeWitte
Doug Curtiss
The
David DeWitte
Davidd
Tom Schmit
U.S. Postal
Schmit’s
Kelly Etzel
Findex
Fine Point
P.O
Wile
Eee
Third Avenue
Ee A EC
Custom Homes
Hiawatha
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