Market slide and energy plant restart in Iowa brief
Stocks edged lower amid a weak economic outlook with the Nasdaq at its lowest close since April and the Dow down 66. The Eastern Iowa market saw mixed results as Gillette and Deere rose while RF Micro Devices and Nash Finch fell. The Duane Arnold Energy Center near full power after a four day shutdown due to a valve issue, with operator Nuclear Management Co guiding a staged restart.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Gillette
Deere
Nash Finch
Kohl’s
Duane Arnold Energy Center
Maureen Brown
The
Nuclear Management Co
Sheaffer Plans Iowa Plant Upgrades With Grant Support
Sheaffer Pen Co. will expand its Fort Madison Iowa plant with a 400000 state grant added to 70000 from the city. The investment totals 15 million and will maintain at least 165 full time jobs while upgrading manufacturing capacity in southeast Iowa.
MENTIONED IN THIS ARTICLE
Iowa
Sheaffer Pen Co
Iowa Department of Economic Development Board
Fort Madison
Alltel Bids to Merge with CenturyTel in $6.1 Billion Move
Alltel seeks CenturyTel Inc shareholders' pressure on management to accept its unsolicited bid. CEO Scott Ford said in a conference call that CenturyTel may reconsider. The merged group would have about 7.2 million wireless customers 4.4 million telephone lines and over $10 billion in revenue.
MENTIONED IN THIS ARTICLE
Alltel Corp
CenturyTel Inc
Alltel
Scott Ford
CenturyTel
Little Rock
Ark
Former Titan executive sues over promised retirement trust funds
Michael Samide, ex chief operating officer of Titan International and former president of DICO Inc., sues Titan claiming Morry Taylor squandered assets and promised a $220000 retirement trust. He seeks that amount plus a $2682 1993 bonus. Titan denies liability and says the trust was never formally created.
MENTIONED IN THIS ARTICLE
DES Moines
Titan International Inc
Michael Samide
Titan
Samide
Morry Taylor
Taylor
Europe
Goldman
Dyneer Corp
DICO
Dyneer
Gene LaSuer
Lamide
US Airways proposes profit plan amid pilot opposition
US Airways outlines a long term strategy to return to profitability by shifting to more regional jets to cut empty seats. The plan could add 132 million dollars in annual operating profit but pilots threaten to block key parts of the proposal and oppose fleet changes.
MENTIONED IN THIS ARTICLE
New York
US Airways
Arlington
Rakesh Gangwal
Delta
Continental
Gangwal
Navistar Posts Sharp Earnings Slump Amid Truck Market Slowdown
Navistar International reports a 98 percent drop in third quarter earnings to 3 cents a share as sales fall 18 percent to 1.59 billion. The company cites a weak North American truck market with no near-term recovery and \u2014 after nine months \u2014 a net loss of $30 million, while promising further cost cuts to reach annual profit.
MENTIONED IN THIS ARTICLE
Warrenville, Ill
Navistar International Corp
Navistar
Thomson Financial
First Call
New York Stock Exchange
Coke and P G scale back four billion venture
Coca Cola and Procter and Gamble will shrink their planned joint venture from a four billion dollar sale driven combo of Minute Maid Fruitopia Hi C Pringles to a smaller partnership. They will focus on research and development of new products and may still include Pringles distribution.
MENTIONED IN THIS ARTICLE
Atlanta
Coca-Cola
Procter & Gamble
Minute Maid
Coke
Securities and Exchange Commission
P&g
Cincinnati
The
Wall Street Journal
John Sicher
Beverage Digest
Also Mentioned on This Page
Djia
Sheaffer
BizFact
U.S
Pra Ae
Titan Tire
David Goldman
Zeppelin NT
Mainau
Lake Constance
Germany
Zeppelin Luftschifftechnik
Chris Beebe
Air Line Pilots Association Council
Beebe
US Airways Pilot Group
Nyse Index
Banks
Biotech
Computer
Financi
Indust Insurance
Telecom
AOL TimeWin
Enron
NortelNew
EMC Corp
LucentTech
American Stock Exchange
Naborsingh
DevonEngy
Djia Diamnds
Cisco
Sun Micro
Indus
Standard & Poor's Industrari
Transpt
Utilities
Santa Monica
Calif
Wilshire Associates
AAA Realty
DPN Advertising
P.O. Box
Cedar Rapids
Shadow
ARC Miniature
Ottoman Lane
Marion
Iowa City
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