Dow ends winning streak as stocks dip across sectors
The Dow Jones fell 109.14 to 11 067.00 while the Nasdaq rose 1.97 to 3 851.66. Among Eastern Iowa shares 19 gained, 22 fell. Conexant and RF Micro Devices gained, Deere and Fiserv slipped. The Social Security Administration marked its 65th anniversary with a garden dedication and Roosevelt bust at Woodlawn headquarters.
MENTIONED IN THIS ARTICLE
Dow
Dow Jones
New York Stock Exchange
Iowa
Conexant
Procter & Gamble
RF Micro Devices
McLeod USA
Quaker Oats
Deere
Fiserv
Social Security Administration
Kenneth Apfel
Woodlawn
Franklin Delano Roosevelt
Clinton plant to cut 116 jobs in packaging shift
International Paper will shut its retail food packaging unit in Clinton this fall and shift to fast food packaging. About 116 workers will lose jobs, fewer than the 200 expected previously. New roles exclude seniority and benefits. Some workers allege union strategy to target Graphics Communication Union Local 518 while keeping Local 711.
MENTIONED IN THIS ARTICLE
International Paper
Graphics Communication Union
Court urged to decide quickly on Microsoft breakup
The Justice Department asked the Supreme Court to fast track the Microsoft antitrust case and avoid the Court of Appeals, arguing delay could harm competition in the tech sector. Microsoft urged initial review at the appeals court, citing precedent and complex records.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Supreme Court
Microsoft Corp
Microsoft
U.S. Circuit Court of Appeals
District of Columbia
High Court
Redmond
Wash
Jim Cullinan
Court of Appeals
Thomas Penfield Jackson
Tice Department
District Court
British Airways grounds Concorde amid tire safety fears
British Airways pulled a New York bound Concorde off the runway after officials warned about tire concerns. French and British probes into last month’s Air France crash threaten to revoke Concorde certification, with a formal suspension recommendation imminent.
MENTIONED IN THIS ARTICLE
London
British Airways
Paris
Air France
French Transport Ministry
New York
Heathrow
Deere 3rd quarter earnings soar on sales rebound
Deere & Co reports third quarter earnings of 172.4 million dollars or 72 cents a share on 3.63 billion dollars in revenue, up from 68.9 million and 3.04 billion the year prior. The gains reflect stronger machinery sales and Timberjack Group acquisition.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
Deere
First Call
Thomson Financial
Robert Lane
New York Stock Exchange
Timberjack Group
Industrial output climbs in July led by tech equipment
The Federal Reserve reported a 0.4 percent rise in July industrial output, marking the fourth consecutive monthly gain as factories, mines, and utilities expand. Electric utilities fell 3.3 percent due to mild weather, while consumer goods and automotive production declined.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Central Bank
Fed
Edward Jones expands Cedar Rapids team with new investment representative
The firm announces a second investment representative, John, joining in Cedar Rapids to serve existing clients and expand services. He will work in the current office for 18 months before opening a new Edward Jones office in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Edward Jones
Cedar Rapids
John
MidAmerican Eyes Ohio Market Expansion
MidAmerican Energy Co of Des Moines plans to compete in Ohio electric and natural gas markets with an office in Beachwood. Ohio ranks as a top four energy market with 4.4 million electric customers and 3.3 million natural gas customers. Both deregulation milestones and timing are noted, with Illinois activity cited and Iowa delaying electric deregulation in 2001.
MENTIONED IN THIS ARTICLE
George C. Fort
Ohio
Illinois
MidAmerican
Raba
Iowa
Also Mentioned on This Page
Clinton
BizFacts
Carr
Kat
Mercy
Gazette
Mercy Medical Center
John Locher
Andy Wooldridge
Park Place
Todd Raba
Primus
Custom Homes
United Security Ngs Bank
F.S.B
Edgewood Road
Marion Boulevar Marion
Cc Fdic
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