Stocks ease after rally with modest Dow drop
Investors pulled back Monday as the Dow fell 40.82 to 10,382.35 and the Nasdaq declined 4.39 to 1,912.41 in a quiet session. Decliners led gainers 8 to 7 on the NYSE as volume hit 1.08 billion shares. In Eastern Iowa shares, 14 rose, 31 fell, five were unchanged. Union Planters slipped 1.57 to 43.73.
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New York Stock Exchange
Iowa
Union Planters
LucentTech
GlobalCrss
GemiElec
Com- NortelNet
En Stock Exchange
Cisco
Sun Micro
Intel
Oracles
AMEX
DOW Jones
Che
Clig. Vic
Computer
Standard & Poor’s Finance
Indust
Insurance
Transpt
Telecom
Utilities
Transport
NMS India
Santa Monica
Calif
Associated Press
Kraft acquires It's Pasta Anytime from Borden Foods
Kraft Foods Inc. buys the It's Pasta Anytime! convenient meal line from Borden Foods for an undisclosed price. The brand joins Kraft's cheese meals and enhancers unit in Glenview Illinois and had about 36 million in first year revenues.
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Kraft Foods Inc
Borden Foods Corp
Kraft
Glenview
Ill
Kraft Cheese
Maxwell House
Jacobs
Nabisco
Philadelphia
Oscar Mayer
Post
Milka
Continental to Cut Travel Agent Commissions
Continental Airlines says it will cut its domestic base commission for travel agents to 5 percent, with a maximum payment of 20 dollars for round trips and 10 dollars for one-way tickets. The cuts cover Canada as well, following American and other rivals. Analysts expect savings for airlines and a push toward Internet sales.
MENTIONED IN THIS ARTICLE
Continental Airlines
United Airlines
Delta Air Lines
American Airlines
Continental
Canada
American
Dunlop and Michelin Lead In J D Power Tire Survey
Dunlop and Michelin tires top customer satisfaction in J D Power’s annual tire survey. Firestone tires rank below average for light trucks and passenger cars, with 6.5 million recalled last year. The study reflects 39 000-plus consumers with tires under three years old, weighted by brand ownership.
MENTIONED IN THIS ARTICLE
Dunlop
Michelin
J.D. Power and Associates
Firestone
Professional networking event at Brucemore Cedar Rapids
The Professional and Technical Diversity Network hosts a power networking event from 5 30 to 7 30 p m on Thursday at Brucemore 2160 Linden Dr SE Cedar Rapids The program aims to build relationships for professional growth with a short program and complimentary refreshments Linda Allen coordinates at 319 398 5899 ext 5351 or lallen kirkwood cc ia us
MENTIONED IN THIS ARTICLE
Brucemore
Linden Dr. SE
Cedar Rapids
Linda Allen
Lallen
Kirkwood
Treasury bill rates mixed in Monday auction
The Treasury sold 15 billion in three month bills at 3.350 percent down from 3.330 last week and 13 billion in six month bills at 3.290 percent unchanged. The implied yields were 3.426 percent for three month and 3.392 percent for six month bills. The Federal Reserve reported one year T Bill yields rose to 3.45 percent from 3.44 percent.
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Treasury
Treasury Department
Federal Reserve
Optimistic Hiring Outlook From Manpower Survey
The Manpower Employment Outlook Survey shows Cedar Rapids area firms expect 27 percent to hire more in Oct-Dec with 10 percent reducing staff and 63 percent slowing changes. Iowa City firms project 23 percent hiring with 13 percent reductions and 64 percent no change. Nationally 24 percent plan to add staff in Q4 with 11 percent cutbacks.
MENTIONED IN THIS ARTICLE
E. Iowa
George C. Ford
Manpower Inc
Cedar Rapids
Iowa City
John Gavin Jr
Manpower Temporary Services
Mavin
World Food Prize honors Danish researcher Pinstrup-Anderson
DES MOINES AP A Denmark native who left school to work on farms and later pursued agricultural research was named the 2001 World Food Prize winner. He will receive 250000 dollars at a Des Moines ceremony October 18 for decades of policy work addressing hunger and malnutrition.
MENTIONED IN THIS ARTICLE
DES Moines
Denmmark
Per Pinstrup-Anderson
International Food Policy Research Institute
Washington D.C
Ken Quinn
World Food Prize Foundation
Pinstrup-Anderson
Denmark
Danish Agricultural University
Oklahoma State
Right
Deere to exit Homelite unit cut 1975 jobs announced
Deere & Co. will cease Homelite consumer products including blowers and chain saws and cut 475 jobs in the Homelite move. The company also trims 300 more positions in its construction and forestry division as it reorganizes to reduce costs and refocus on commercial power equipment.
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Moline, Ill
Deere & Co
Homelite Consumer Products
Deere
Homelite
John Deere
United States
Mexico
Chihuahua
Greer
Columbia
S.C
Charlotte
N.C
Bessemer
Ala
Woodstock
Ontario
Atlanta
Iowa crop report notes moisture shortfall persists
The Iowa Crops and Weather Report shows state moisture levels remain lacking with topsoil and subsoil being mostly short or very short. Corn and soybean conditions vary by rainfall, with gains in rainier districts and declines elsewhere. alfalfa and clover harvests trail last year but near averages.
MENTIONED IN THIS ARTICLE
George C. Ford
Iowa
Northwest slashes fares on domestic and international routes
Northwest Airlines launches a global fare sale with discounts up to 40 percent on most destinations. Tickets must be bought in advance, include a Saturday night stay, and are non refundable. Blackout dates around Thanksgiving apply. further discounts available via nwa com and orbitz com.
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Minneapolis
Northwest Airlines
Cindi Kurczewski
Delta Air Lines
Delta
American Airlines
John Hotard
Northwest
Aa.com
United Airlines
Nwa.com
Orbitz.com
Curt Ebenhock
American
American Eagle
Comair
Iowa
Cedars Rapids
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Djia
Borden Pasta
BizFact
Pat Carr
Pat
Jeff Joerres
Manpower
Quinn
West Central
Iowa Agricultural Statistics
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