McLeodUSA Debt Swap Signals Creditors Take Over
McLeodUSA, with 82.2 million dollars in debt for Q2 2004, abandons buyer talks and works with creditors on a debt-for-equity swap valuing their June 30 total at 777.3 million. Forstmann Little losses equity, while analysts note rapid telecom shifts favoring cable or phone rivals and potential prepackaged bankruptcy paths.
MENTIONED IN THIS ARTICLE
the Gazette
McLeodusa
Forstmann Little
Jeff Kagan
Atlanta
Kagan
John Titler
Cedar Rapids
McLeod Telecommunications Inc
Iowa
Illinois
McLeodusa Inc
Forstmann Little & Co
Chris Davis
Steve Gray
Ted Forstmann
Clark McLeod
Davis
Gray
Titler
Company restructures under pressure amid Nasdaq delisting risk
May 2005 looming cash shortage prompts forbearance talks with creditors. June 2005 Nasdaq delists for failing to maintain $1 share price. July 2005 ends sale talks and extends creditor forbearance. Aug 12 2005 CEO and CFO resign, restructuring continues as interim managers face staffing tradeoffs.
MENTIONED IN THIS ARTICLE
Chris Davis
Ken Burckhardt
Tax vote could see joint sales tax for Marion schools
Nieland says an understanding remains for a joint Marion city and school district sales tax, hinting he would not allow schools to gain a sales tax bite without cities. State law permits county jurisdictions to fund cities via local option sales tax and to fund schools via a school infrastructure LO tax.
MENTIONED IN THIS ARTICLE
Nieland
Marion
Linn-Mar
Painkillers raise blood pressure risk for some women study says
A study of 5,123 women in the Nurses Health Study finds that regular high dosage use of Tylenol and NSAIDs other than aspirin is linked to about double the risk of hypertension in women, while aspirin shows no increased risk. Doctors advise reporting OTC use and monitoring blood pressure.
MENTIONED IN THIS ARTICLE
Christie Ballantyne
Methodist DeBakey Heart Center
Houston
Harvard Medical School
Brigham and Women’s Hospital
Boston
Cedar Rapids Local Option Tax Fight Splits School Officials
Cedar Rapids officials consider a local option sales tax to fund city projects while protecting schools. The plan would exclude a recreation center from tax funding and use revenue for public safety and streets, with a delay on ballot placement until after November elections. Marion may use sewer needs to fund projects and schools face revenue sharing with the state.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Markward
Hanson
Marion
Niéland
Iowa State University
Norwalk twirlers shine from backyard roots to national stage
In Norwalk Iowa a baton program launched stars who twirled for four universities and earned national titles. Diana Reed 21 leads UI marching band as Golden Girl while graduates have held top twirling posts at ISU UNI and more. Local families push dream of a next star from Norwalk.
MENTIONED IN THIS ARTICLE
Des Moines
Norwalk
ISU
UNI
University of Arizona
Stivers
Iowa
Diana Reed
Reed
University of Hawaii
Monica McAlpin
Baton Studio
McAlpin
Jill
Stiverses
Ceresco
Neb
Midwest
Grimes
Denise Wood
Norwalk twirl legends dominate national scene
Norwalk Iowa produced a string of champions since 1981 with 28 individual national titles. Former Norwalk star Diana Reed is a 12 time national show twirl champion and fourth in the world collegiate championship in June. Julie Canterbury, also from Norwalk, was Miss College Majorette of America and led the marching band.
MENTIONED IN THIS ARTICLE
Norwalk
Iowa
Diana Reed
Julie Canterbury
Also Mentioned on This Page
Gazette
David.dewitte
Gazettecommunications.com
George.ford
American Heart Association
Americanheart.org
Rick.smith
United Security Savings Bank
F.I.B
Marion Blvd
Edgewood Rd
SW. C.R
Baton
Proud Heritage
Jill Stivers
Wood
Gracie
Ashley Worsfold
Marshalltown
Superstars
Kinnick Stadium
Laura Segall
Jan Stivers
Gracie Wood
University of Iowa
University of Northern Iowa
Ranae Keane
Brandi Wiedmann
Dawn Reed
Christina Devine
Allison Arnold
Drake University
Kristy Anderson
Culver Stockton College
Canton
Mayumi Yamanaka
Marisa Post
Europe
Walt Disney World
Giants Stadium
New Jersey
Hawaii
Indiana
Delhi
Orn
Franklin Street
J.R. Ogden
Orlan Love
Lowe Bureau
Duane Crock Photographer
Doug Neuman
Diana Noller
Rob Merrit
Dave Rasda
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