Stocks Stumble As Investors Wary Of Profit Slowdown
Blue chip shares fell amid sluggish trading as profit concerns lingered for the second half of the year. The Dow slid 112.09 to 11 103.01 while the Nasdaq climbed 21.64 to 4 103.81. RF Micro Devices, U S Cellular, and Fiserv led Iowa gains. Monsanto filed to sell 35 million shares for 20 to 25 dollars each to raise up to 875 million, with Pharmacia retaining 220 million Monsanto shares. The stock will trade on NYSE as MON.
MENTIONED IN THIS ARTICLE
Credit Suisse
Donaldson, Lufkin & Jenrette
New York Stock Exchange
Iowa
U.S. Cellular
Fiserv
General Electric
Deere
Conexant
Wal-Mart
Monsanto Co
Securities and Exchange Commission
Monsanto
Peapack
N.J
Pharmacia
MON
Old Capitol stores merge into single shop in mall
The Athlete's Foot and The Lady's Foot Plus Kids 2 at Old Capitol Town Center in Iowa City will combine into one first floor store. Inventory from the second level location will move to the Athlete's Foot by Friday. Four full time positions will stay. four of eight part time roles will be cut.
MENTIONED IN THIS ARTICLE
Athlete’s Foot
Old Capitol
Iowa City
Jeff Hendrickson
Hendrickson
Smoked trout recall issued by Global Seafood LLC
Global Seafood LLC recalls 260 pounds of Morey’s Smoked Canadian Lake Trout sold in Illinois Indiana Kentucky Michigan Ohio and Wisconsin due to possible salmonella contamination. Recalled packages show expiration 9/16/00 lot 3616 and processed 225. Trout has been in supermarkets since Aug 15. Do not eat. return to retailer for refund. Symptoms include diarrhea fever abdominal pain and vomiting.
MENTIONED IN THIS ARTICLE
Minnesota
Global Seafood LLC
Morey
Illinois
Indiana
Kentucky
Michigan
Ohio
Wisconsin
USDA weighs trimming meat plant inspections to boost safety
The USDA considers shifting duties from 7,500 inspectors to allow plants to self check scales and water content while focusing on controlling bacteria. Officials say many current rules cover non safety tasks like nutrition labeling and fat content limits. Public comment on the reform closed recently as the department plans proposals later this year.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Phil Derfler
USDA
Food Safety and Inspection Service
Caroline Smith DeWaal
Center For Science In
Alliant's C R dispatch center gets helpful new technology
Alliant Energy's Cedar Rapids dispatch center now uses a computer aided dispatch and outage management system. The system shows outage area and affected power facilities on screen enabling faster fault localization. Paperless reporting begins at the call center in Alliant Tower with data flowing to the outage system.
MENTIONED IN THIS ARTICLE
Alliant
C.R
Tony Long
Long
Alliant Energy
Alliant Tower
Stacey Selman
Alliant Energy Dispatch Center
Great America
Cedar Rapids
Purdue scientist tests polymer-coated soybeans for two-crop fields
A Purdue agronomist reports biodegradable polymer seeds delay soybean germination by two weeks enabling soybeans to be sown between standing wheat in late spring. The coating could allow dual crops in shorter seasons, boosting income by about 50 dollars per acre and extending viability to northern states. Landec units commercialize the coating with a 2002 launch and a new coating facility planned in Indiana.
MENTIONED IN THIS ARTICLE
West Lafayette, Ind
Purdue University Agronomist
Tony Wyn
Wyn
Indiana
Vyn
Michigan
Wisconsin
Landee Corp
Menlo Park
Calif
Intellicoat Products
Monticello
Ralcorp to buy Ontario Foods in New York deal
Ralcorp Holdings signs a letter of intent to acquire Ontario Foods Inc of Medina New York with annual sales around 50 million under exclusive negotiations by Genesee Corp parent. Ontario Foods makes instant iced tea powdered drink mixes dry soups and meals among other products. Genesee also plans to sell Genesee Brewing Co to a management led group.
MENTIONED IN THIS ARTICLE
St. Louis
Ontario Foods
Genesee Corp
Medina, N.Y
Leading indicators fall in July signaling cooling economy
The Conference Board reports a 0.1 percent drop in the Index of Leading Economic Indicators to 105.8 in July, with analysts predicting no change. Dow fell 101 points while Nasdaq rose 13 as markets reacted. The coincident index remained flat at 115.6 after small gains in prior months.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
David Orr
First Union Corp
Charlotte
N.C
Credit Suisse to acquire DLJ for 11.5 billion dollars
Credit Suisse Group AG buys Donaldson, Lufkin & Jenrette Inc. for 11.5 billion dollars in a deal that merges DLJ with Credit Suisse First Boston. The combined firm will operate under the CSFB name and expand in IPO underwriting and high yield.
MENTIONED IN THIS ARTICLE
New York
Credit Suisse Group AG
Donaldson, Lufkin & Jenrette Inc
DLJ
Credit Suisse
Credit Suisse First Boston
London
Wall Street
UBS AG
PaineWebber
Switzerland
UBS
Europe
Kraushaar
Also Mentioned on This Page
Djia
Old Capitol Retailer
Museum Guild States Meeting
Museum Guild
The
National Czech & Slovak Museum & Library
16Th Ave
Ann Gesme
Molly Ortner
Radio Broadcast
Clear Channel Communications Inc
Amfm Inc
Justice Department
AMFM
Lamar Advertising Co
Lamar
Clear Channel
Jacor Communications
Wmt-Am
Wmt-Fm
Kxic-Am
Kkrq-Fm
Kbur-Am
Kgrs-Fm
Burlington
BizFacts
By Dave DeWitte
Gazette
Dave DeWitte
Landec
Lebanon
Ind
Danville
Ralston Foods
N.Y. Company
George C. Ford
Ralcorp
Genesee Brewing Co
Genesee Brewing
Genesee Beer
Genny Light
Genny
J.W. Dundee
Michael Shea
Samuel Adams
Boston Beer Co
Federal Reserve
Lufkin
Jenrette
CSFB
Tremont Credit
Broadway
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