Shares slide as Prozac ruling spurs drug maker selloff
The Dow fell 71.06 points to 10 905.83 while the Nasdaq rose 4.95 to 3 853.50 as a court decision on a generic Prozac speeds up potential competition. General Electric and Wal Mart moved in opposite directions amid broad market activity. Maytag expands to Sam's Club, with refrigerators rolling out in Dallas Fort Worth next week and wider U S rollout planned for first quarter next year.
MENTIONED IN THIS ARTICLE
United States
New York Stock Exchange
Iowa
General Electric
Wal-Mart
Maytag
U.S. Cellular
Fiserv
Maytag Corp
Home Depot
Sam’s
Dallas/Ft. Worth
Dow Corning to Cut Up To Eight Hundred Jobs Worldwide
Dow Corning Corp plans to eliminate 600 to 800 jobs by October to save at least 50 million dollars. The layoffs affect 9,500 employees globally with redeployment or outplacement offered. The move comes as Dow Corning is owned equally by Dow Chemical and Corning Inc. and the affected positions are to be identified later.
MENTIONED IN THIS ARTICLE
Dow Corning Corp
Dow Chemical Co
Corning Inc
Dow Corning
Emachines Signs Europe Sale Deal with Dixons
Emachines Inc. the fifth largest US PC maker reached an agreement to sell its inexpensive computers in Europe through Dixons PLC. Dixons operates 850 stores across Britain Ireland Scandinavia Spain and Portugal, expanding Emachines reach and profit through pre loaded software and sites.
MENTIONED IN THIS ARTICLE
Emachines Inc
Europe
Emachines
Dixons PLC
Britain
Ireland
Scandinavia
Spain
Portugal
Canadian recall of 73800 pounds ground beef linked to E coli
The U S Department of Agriculture says 73800 pounds of ground beef and ground beef chuck from Lakeside Packers Alberta recalled after regulators found the E coli pathogen in samples. No illnesses reported. Shipments went to Illinois Washington Florida and Kansas.
MENTIONED IN THIS ARTICLE
United States
U.S. Department of Agriculture
IBP Inc
Lakeside Packers
Alberta
USDA
Food Safety and Inspection Service
Canada
Illinois
Washington
Florida
Kansas
Dean Danilson
FSIS
Usda Meat and Poultry
Analysts predict record U.S. corn and soybean crops this year
Analysts surveyed by BridgeNews forecast U.S. corn at 10.194 billion bushels and soybeans at 2.944 billion, with yields of 139.55 and 40.104 bushels per acre. Iowa leads production, with 1.824 billion corn and 506 million soybeans, while Illinois and Indiana show strong conditions. Futures edged lower ahead of Friday government projections.
MENTIONED IN THIS ARTICLE
Marlene Lucas
U.S
BridgeNews
Chicago
F.C. Stone
Iowa
Mike Blackford
West Des Moines Commodity Company
USDA
Robert Wisner
Iowa State University Extension
Ames
Wisner
Illinois
State Fair offers learning about agriculture this year
Des Moines Iowa State Fair runs through August 20 offering barn tours of 40 minutes from 9:00 am to 4:30 pm daily starting at the Cattle Barn. The Swine Barn Avenue of Breeds shows many species and farrowing displays with sows and piglets. Butter sculptor Duffy Lyon will create a butter cow and a portrait of Christian Petersen. Herb Day features include an 1875 pioneer pharmacy replica and herb discussions. Over 200 contests in 4-H FFA open class horticulture floriculture and vegetables will be judged today and Tuesday with flowers and garden displays announced throughout the event.
MENTIONED IN THIS ARTICLE
Iowa News Service
Des Moines
Iowa
Duffy Lyon
Christian Petersen
Petersen
Lyon
Iowa State University
Noah Worden
Oelwein
Iowa State Fairgrounds
Ford to fit stability control in all SUVs and pickups
Ford will install electronic stability control in all new SUVs and pickups over several years, following earlier releases for the 2002 Explorer and Mountaineer. The system uses sensors for steering angle yaw and turning force to prevent rollovers, aiming to reduce rollover deaths cited at about 9,500 per year nationwide.
MENTIONED IN THIS ARTICLE
Ford
Traverse City
Mich
National Highway Traffic Safety Administration
Europe
United States
General Motors Corp
Fed survey signals slowing economy in mid year
The Federal Reserve reports growing signs of slower consumer spending, manufacturing, and construction in June and July, with no recession in sight. Analysts expect the Fed to hold rates steady at its August meeting while signaling progress toward a soft landing.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Mark Zandi
Economy.com
West Chester
Wapello County backs beef plant in Ottumwa
The Wapello County Board of Supervisors approved a resolution urging the Iowa Cattlemen’s Association and Excel Corp to build a $100 million beef processing plant in Ottumwa. The project would add 13 percent to county valuations, create about 1,100 jobs, and boost cattle production while supporting family farms.
MENTIONED IN THIS ARTICLE
Ottumwa
Wapello
Wapello County
Wythe Willey
Iowa Cattlemen’s Association
Excel
Willey
Iowa
Des Moines
Iowa Falls
Elkhart
Also Mentioned on This Page
Sam’s Club
Media Metrix
BizFacts
Ra Institute Research Vpara
Paul Trap
Indiana
Chicago Board of Trade
Blairs Ferry Rd
General Motors
G. Richard Wagoner
Grand Traverse
United Security Savings Bank, F
Edgewood Road
Cedar Rapids
Marion Boulevard
Marion
Nel
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