Stocks Edge Higher As Tech Gains Lift Market
The Dow Jones rose 60.21 to 11252.84 and the Nasdaq climbed 27.91 to 4070.59 as investors grew more confident. Advancers led decliners on the NYSE 5 to 4 with 908.12 million shares traded. Eastern Iowa notes showed mixed results with 16 gainers and 24 losers.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
RF Micro Devices
Conexant
WorldCom
Maytag
Amex
Anks
Biotech
Computer
Finance
Indust
LucentTech
At&t Corp
GemiElecs
American Stock Exchange
EmersonRad
Intels
Isco
DOW Jones
Ind
Indus
Standard & Poor's Indust Sbven
Ami Transpt
Wilshire Associates Equity
Friy
Clear Channel Buys Six Davenport Radio Stations
Clear Channel Communications will acquire six Davenport radio outlets KUUL-FM KMXG-FM KCQQ-FM WLLR-FM WLLR-FM and WOC-AM from Sconnix Broadcasting LLC for 85 million dollars. The deal awaits federal regulatory approval and expands Clear Channel’s Iowa portfolio including Jacor stations in Cedar Rapids and other Iowa markets.
MENTIONED IN THIS ARTICLE
Clear Channel Communications
Davenport
Clear Channel
Kuul-Fm
Kmxg-Fm
Kcqq-Fm
Wllr-Fm
Woc-Am
Sconnix Broadcasting LLC
Jacor Communications
Wmt-Am
Wmt-Fm
Cedar Rapids
Kxic-Am
KKR@-FM
Iowa City
Kbur-Am
Kgrs-Fm
Burlington
USPS Unveils New Uniforms for Post Office Clerks
Postal workers will wear blue gray striped blouses or shirts starting September 1 with navy blue or gray slacks or skirts and new neckwear. Women receive a blue gray striped top with navy knotted neckwear or red white blue accents. men get navy ties with a red USPS logo or red white blue striped ties. Clerks receive an allowance to purchase uniforms and may buy extras.
Dean Witter to Pay 200000 Fine in SEC Settlement
Dean Witter Reynolds agreed to pay a 200000 fine and repay 276702 to customers to settle SEC claims it failed to supervise a broker who improperly switched clients among mutual funds to lift commissions. The firm, now part of Morgan Stanley Dean Witter & Co., did not admit or deny wrongdoing. The SEC says from 1994 to 1996 in Atlanta at least 48 mutual fund switches in seven accounts caused about 157000 in unnecessary charges. The broker was unnamed.
MENTIONED IN THIS ARTICLE
Dean Witter Reynolds Inc
Securities and Exchange Commission
Morgan Stanley
Dean Witter & Co
SEC
Dean Witter
Atlanta
Farm Bureau booth at Linn Ag Expo today
Linn County Farm Bureau operates a booth at the Linn County Ag Expo on the Curtis Schantz farm east of Alburnett. The event runs 4 to 7 p.m. with Farm First Aid kits for 20 cents? No, $20. Tetanus booster shots cost $5. The Linn County Sheriff’s Department displays a meth lab and rural safety. A meal is served and corn and soybean test plots are available for comparison.
MENTIONED IN THIS ARTICLE
Linn County Farm Bureau
Linn County Ag
Curtis Schantz
Alburnett
Burnett Station Road
Linn County Sheriff's Department
Treasury bill rates rise on Monday auction
Three month bills sold at 6.140 percent, up from 6.110, with 9.5 billion offered. six month bills at 6.100, up from 6.090, 8.5 billion offered. Discount yields imply 6.323 percent from 10,000 for three month and 6.382 percent from 9,691.60 for six month. Fed reports one year bill yield eased to 6.20 percent from 6.21.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Demand for workers holds steady in final quarter
Manpower surveyed about 50 Cedar Rapids and Iowa City companies finding 47 percent in Cedar Rapids expect hires in Q4 while 27 percent of Iowa City firms plan additions. National results show 32 percent of nearly 16,000 firms will add staff in Q4 amid a tight labor market.
MENTIONED IN THIS ARTICLE
Gazette
Associated Press
Cedar Rapids
Iowa City
Manpower Inc
John Gavin Jr
Jeffrey Joerres
Manpower
Jaerres
Buying spree pushes down savings rate
Americans surged July spending 0.6 percent, double income growth at 0.3 percent, driving the personal savings rate to a record low. Economists cite job abundance, rising incomes, low inflation, and a buoyant stock market as factors behind the revived consumer spending. The phrase The consumer is back is attributed to Joel Naroff.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Joel Naroff
Naroff Economic Advisors
Peters elected head of Gazette Communications in Cedar Rapids
Chuck Peters was elected president of Gazette Communications Inc and Cedar Rapids Television Co succeeding Joe Hladky as president of the two subsidiaries. Peters, 47, joined in 1998 as COO and previously held roles at Maytag Amana and Breakthrough Inc. He vows to push print online and digital TV initiatives while Hladky remains as president CEO and chairman of The Gazette Co.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chuck Peters
Gazette Communications Inc
Cedar Rapids Television Co
Joe Hladky
The
Gazette Co
Hladky
Peters
Joseph Hladky Jr
Maytag Corp
Newton
Breakthrough Inc
Cor
Alville
Amana Refrigeration
Simmons, Perrine, Albright and
Ellwood
Amana
Priority One
Coe College Board of Trustees
National Association of Broadcasters
Newspaper Association of America
Eastern Iowa
Clarence Miller
Fred Faulkes
Gazette
Iowa City Gazette
KCRG
Decisionmark
Iowa Farmer Today
the Penny Saver
Community News Advertiser
Iowan
Iowa Commerce
Joe Hladkey
Ken Slaughter
Elizabeth T. Barry
Sprayers Race to Finish Beetle Fight on Soybeans
Sprayers wrap up passes over soybean fields as the bean leaf beetle fight winds down. Beetles chewed leaves earlier but now threaten pods and potential bean mottle virus. Rick Becker of Swiss Valley Ag in Monticello says spraying orders were caught up over the weekend with a few more on Monday. The crop is turning color and harvest could start in four weeks, weather permitting. Soybean conditions: 3 percent very poor, 8 percent poor, 26 percent fair, 44 percent good, 19 percent excellent. Corn conditions similar with 91 percent in or past the dough stage as of Sunday.
MENTIONED IN THIS ARTICLE
Becker
Airline liable in asthma death under treaty ruling
U.S. District Judge Charles R. Breyer ordered Olympic Airways to pay 700000 for a passenger Abid M Hanson asthma related death on a 1998 flight. The decision invoked a rarely used international treaty and faulted the airline for not moving Hanson to a different seat despite his request.
MENTIONED IN THIS ARTICLE
San Francisco
U.S
Charles R. Breyer
Olympic Airways
Abid M. Hanson
Also Mentioned on This Page
Djia
Linn Ag
BizFacts
Whitney Curtis
Annette Carbis
Annette
Third Avenue
Georg Anders
Genencor
Anders
United Way
John L. Donnelly
Jack Evans
John M. Hladkey
Walnut Creek
Calif
William C. Marcil Sr
Fargo, N.D
the Gazette Co. Subsidiaries
Mary Collins
Steve DeWitt
Dale B. Larson
Bonnie Russell
Dave Storey
John Phelan
Jack Perry
Herb Skoog
Michael Rinehart
the Gazette Foundation
By Marlene Lucas
Nyse Index
Tremont Credit
Broadway
New York
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