Wall Street slides while markets post weekly gains
The Dow drops 180.68 to 8872.96 as investors book gains after a two day rally. The Nasdaq falls 42.38 to 1380.62, with both indices still lifting weekly gains. Consolidated volume at 1.35 billion shares. Imperial Toy buys Buddy L assets from Alpha International to expand boys toys presence. USDA designates 14 Iowa counties for disaster aid after storms. ConAgra CEO Bruce Rohde pockets over 11 million in fiscal 2002, up from 2001.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
Imperial Toy Corp
Alpha International
Cedar Rapids
Imperial Toy
Imperial
Buddy L
ConAgra Foods Inc
Bruce Rohde
ConAgra
Genencor CEO to retire in 2003 after search for successor
Genencor International Inc announces CEO W. Thomas Mitchell will step down after a successor is named and retire in 2003 while remaining chairman. Mitchell, who led since 1991, praised for shaping the biotech firm, which has roots with Eastman Kodak and Cultor and posted 2001 sales of 325 million. He helped locate Cedar Rapids plant and will shift to an advisory role. The company, formed 1982, now delivers health care and industrial products and holds about 3,400 patents.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Palo Alto
Calif
Genencor International Inc
Cedar Rapids
W. Thomas Mitchell
Mitchell
Genencor
Jim Rogers
Eastman Chemical Co
Ible Packaging
Eastman Chemical and
Danisco
Independence shop Cobblestone Cottage thrives in town
Terri Smock opened Cobblestone Cottage in Independence last July, converting a Second Street SE house into Cobblestone Corner with two floors of furniture, home accents and gifts. She reports strong sales and personal fulfillment after a long corporate career.
MENTIONED IN THIS ARTICLE
Terri Smock
Independence
Dianne Rubino
Fairbank
Cobblestone Cottage
Smock
Second St
Principal may sell Australian acquisition
An Australian firm BT Financial Group, part of Principal Financial Group since a 1.38 billion purchase, may be sold. Westpac Bank told the Australian Financial Review it talked with several Australian parties, including BT, about a deal. Principal officials confirmed BT is among those discussed. BT’s performance has pressured Principal, with recent profit and goodwill adjustments and management changes.
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DES Moines
Principal Financial Group
Westpac Banking Corp
Australian Financial Review
Australia
BT Financial Group
Westpac
Principal
Eva Quinn
Alfred Capra
New York
Putnam Lovell Nbf
Capra
The
Financial Review
Delta joins Continental and Northwest in new code share plan
Delta Air Lines Pacific Northeast rivals plan a broad code share with Continental and Northwest to protect revenue. The three carriers will sell seats on each other flights and coordinate schedules and rewards under a non merger agreement aiming for spring 2003 implementation.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines
Continental
Northwest
Delta
Leo F. Mullin
Houston
Midland Forge workers approve four year contract
117 Local 831 members at Midland Forge Cedar Rapids voted Friday to approve a new four year contract covering pensions wages and health care improvements. The agreement comes a day before the existing contract expires with the old wage average noted at 16.56 per hour.
MENTIONED IN THIS ARTICLE
Midland Forge Workers
Cedar Rapids
Midland Forge
Joe Ironside
Ironside
Local 831
Gazette Neighbors page invites club event notices
The Neighbors column in The Gazette invites Eastern Iowa clubs to send public events and service activities. Submissions should be mailed to Neighbors P.O. Box 511 Cedar Rapids Iowa 52406.
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the Gazette
Neighbors
Iowa
P.O
Cedar Rapids
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