Stock indices slide after Fed rate move on Tuesday
The Dow fell 145.93 to 10174.14 and the Nasdaq dropped 50.05 to 1831.30 while the S&P 500 slipped 14.15 to 1157.26. Trading volume reached 1.24 billion shares with 30 of 46 Eastern Iowa issues down. Pioneer Hi-Bred donated 75000 to Kirkwood Community College for the AgKnowledge Center.
MENTIONED IN THIS ARTICLE
Federal Reserve
Dow
Fed
New York Stock Exchange
Iowa
McLeodusa
Conexant
General Electric
Pioneer Hi-Bred International Inc
Kirkwood Community College
United States
Target accuses Kmart of deceptive ads in nationwide campaign
Target Corp. accuses Kmart Corp. of false advertising and deceptive trade practices in a federal suit filed in Minneapolis. The complaint targets Kmart's Dare to Compare in-store signs that compare prices to other retailers, saying the signs mislead consumers and contain many errors.
MENTIONED IN THIS ARTICLE
Target Corp
Kmart Corp
Kmart
U.S. District Court
Minneapolis
Target
ScreamingMedia completes Stockpoint Inc. acquisition
ScreamingMedia Inc. finalizes a 22.6 million dollar acquisition of Coralville based Stockpoint Inc. Stockpoint CEO Bill Staib becomes executive VP of technology and products at ScreamingMedia. Stockpoint president Chris Dominguez shifts to executive VP of content development. Luan Cox named senior VP of North American sales. A separate field day near Iowa City hosted by Johnson County Extension and DeKalb Pfizer Genetics features crop scouting discussions and weed control costs with guidance from Jim Fawcett Extension crops specialist. For details contact Gene Mohling at 319 337 2145.
MENTIONED IN THIS ARTICLE
ScreamingMedia Inc
Coralville
Luan Cox
Tom Wall
Iowa City
Jim Fawcett
Johnson County Extension
DeKalb Pfizer Genetics
John Wall
Morse Road
Gene Mohling
CenturyTel Sues Alltel Over Bid Allegations
CenturyTel Inc. files a lawsuit alleging Alltel Corp. executives lied to CenturyTel stockholders about a 6.1 billion bid and released confidential information to push a unsolicited takeover. The suit claims the statements falsely suggested CenturyTel’s board did not seriously consider the offer.
MENTIONED IN THIS ARTICLE
Alltel Corp
CenturyTel Inc
Alltel
CenturyTel
Mike Deupree Columns Offer A Lowans World View
Mike Deupree presents his weekly column voice on page 2A in The Gazette offering a personal perspective on how the world works or doesn’t. The writer describes his aim as sharing a local viewpoint three times weekly in a concise opinion format.
MENTIONED IN THIS ARTICLE
Mike Deupree
Page 2A
the Gazette
Mike
Fed cuts rate to 7 year low amid ongoing easing push
The Federal Reserve trimmed the federal funds rate by a quarter point to 3.5 percent the seventh cut of the year, the lowest in seven years. Banks lowered prime rates to 6.5 percent as Wall Street logged a drop in major indexes while forecasts point to potential further cuts at the October meeting.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Federal Funds
Bank of America
Bank One
Wall Street
Fed
The
David Jones
Aubrey G. Lanston & Co
New York
Rockwell Collins joins Boeing bid for JTRS radio contract
Cedar Rapids based Rockwell Collins will join a Boeing led team with TRW and Harris to bid for the U S Army Joint Tactical Radio System contract. The multiyear program aims to deliver software programmable radios for voice data and video, replacing limited bandwidth systems. Raytheon leads the rival bid. Cluster One production could exceed 100 000 units.
MENTIONED IN THIS ARTICLE
Defense Department
Boeing
Raytheon Corp
Rockwell Collins
Doug Wagner
Oakdale Systems Rolls Out DexLink Dex software for retailers and suppliers
Oakdale Systems released its first commercial software, a Dex standard inventory management suite named DexLink for retailers and DexLinkS for suppliers. The product, a Windows DLL Dex/UCS, aims to cut development time and fit into existing back office or route accounting systems, with distribution online and via value added resellers.
MENTIONED IN THIS ARTICLE
Miller
Uniform Code Council
DexLink
Oakdale
Oakdale Systems
Dexlinks
Coralville
India
Dex
Gas Prices Jump In Cedar Rapids And Iowa City
Gasoline costs rose in Cedar Rapids and Iowa City with regular ethanol blends at 1.44 and 1.47 dollars per gallon respectively, above Iowa’s statewide 1.40 dollar average. Prices climbed about 18 cents in Cedar Rapids and 12 cents in Iowa City over the prior month as crude oil markets and Middle East tensions influence the fuel outlook.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
David Downing
DNA Energy
Mideast
Also Mentioned on This Page
Pioneer
Djia
Johnson County
BizFact
Energy Outlook
North America
Krt Ane Ene
Idle East
Atu
Ifanhic
Pat Carr
Paul Trap
Coral Ridge Mall
Pier One Imports
Chili’s
Rockwell
Communications
Boeing Bid Group
TRW
Carson, Calif
Harris Corp
Rochester, Ney
Jim Albaugh
Ae Heen
WU Ae Nee
Ity
Sens
By Dave DeWitte
Downing
OPEC
Tay
Lowa Dnr
Jerry K. Ask Investment Services Oy
Primus
Custom Homes
Hiawatha
Brian Burns
1St Ave
Kansas City Life Insurance Company
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