Stocks slip after gains on holiday shopping start
Wall Street opened with a brisk rise above 9000 but faded as a weak manufacturing report cooled investors hopes. The Dow fell 33.52 to 8862.57 while the Nasdaq edged higher to 1484.78 and NYSE breadth favored advancers 7 to 6. McDonald’s Denmark to close 13 restaurants and cut 371 jobs amid restructuring. Toyota delays decision on fourth U.S. plant as finalists vie for incentives. Treasury bills showed mixed rates with three month at 1.210 percent and six month at 1.290 percent.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
New York Stock Exchange
McDonald’s
Denmark
McDonald's Corp
Oak Brook
McDonald's
Treasury
Treasury Department
Wall Street
United
UAL Corp
Standard & Poor
Philip Baggaley
Midwest economy soft in November despite rising confidence
The Mid-America Business Conditions Survey shows the regional index at 50.8 in November, down from 53.1 in October, with inflation easing and confidence up. Iowa improves to 49.6 as durable goods rise while nondurable orders fall. broader nine-state group includes Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma, and South Dakota.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Midwest
Mid-America
Creighton University
Ernie Goss
Goss
Iowa
Arkansas
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Courtney's Gifts opens in downtown Vinton
Bob and Sharon Sand open Courtney's Gifts at 104 W Fourth St in Vinton after retirement. The store offers gifts pictures and nostalgia items with merchandise sourced from Minneapolis and various suppliers. The couple, reside in Garwin and plan a new home while noting steady customer traffic since opening November 4.
MENTIONED IN THIS ARTICLE
Courtney’s
Vinton
George C. Ford
the Gazette
Bob
Sharon Sand
Courtney
Minneapolis
Sharon
Garwin
Gladbrook
Courtney's
Courtney Elkin
Cedar Rapids
Sands
Elkader to House Eject Systems Manufacturing Plant
Eject Systems plans a 40 000 square foot ElKader plant in Johnson Industrial Park next year employing 35. The Moyna & Sons group funds the firm with six patents. ISU tests aid design while Moyna’s engineering team helps testing and product design for 12 state customers.
MENTIONED IN THIS ARTICLE
Elkader
Iowa
Eject Systems
Johnson
C.J. Moyna & Sons
John Patrick Moyna
Moyna & Sons
Eject
Moyna
Penwest to Sell Excipients Unit for 39.5 Million Cash
Penwest Pharmaceuticals signs a definitive agreement to sell nearly all assets of its excipient unit to Josef Rettenmaier Holding for 39.5 million dollars in cash plus a 2.25 million dollar promissory note. Board approval granted. sale awaits shareholder and customer conditions with close anticipated in Q1 2003. The Cedar Rapids and Nastola plants, Patterson offices, and Europe sales offices are included. Rettenmaier plans full employment for excipient staff. Stephen Berte remains general manager.
MENTIONED IN THIS ARTICLE
Patterson, N.Y
Penwest Pharmaceuticals
Josef Rettenmaier Holding
Cedar Rapids
Nastola
Finland
Patterson
N.Y
Europe
Modest gains shown hint at slowing U S recovery
Washington reports show construction spending up modestly in October led by school projects while the ISM manufacturing index rises to 49.2 in November from 48.5, still below 50 and signaling ongoing contraction for a third straight month. The data suggest a fragile recovery as factory jobs remain down.
MENTIONED IN THIS ARTICLE
Washington
U.S
Institute For Supply Management
Purchasing activity shows gains amid housing and construction strength
The article notes the Purchasing Managers' Index covering over 350 firms over two years, a fall wave of layoffs to shield stock prices, a 0.3 percent rise in October construction spending driven by school construction and single-family homes, and persistently hot home sales due to near record-low mortgage rates.
MENTIONED IN THIS ARTICLE
Commerce Department
United and union set up vote on wage cuts for mechanics
United Airlines and the mechanics union moved to stage a second vote on 6 to 7 percent wage concessions. The Thursday ballot aims to salvage a $5.2 billion labor-cut package and a possible $1.8 billion federal loan guarantee, with a Dec. 16 debt payment looming.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
United
Elk Grove Village
Ill
Also Mentioned on This Page
Nasdaq
Toyota
Toyota Motor Corp
Mississippi
Texas
Tennessee
Alabama
SciTyme
Iowa City
AP Stockquote
Local
Tempe, Ariz
West
Iraq
Teorge
Ford
Gazettecommunications.com
Vette
Iowa State University
ISU
Penwest
First St. SW
Rettenmaier
Pen
West’s
Excipient
Stephen Berte
Institute For Supply Mgmt
Union
Air Transportation Stabilization Board
East Iowa
Chy Apac
McLeod USA
Aegon NV
Alcoa Inc
Mestek
Moore Corp
Alliant Energy
Nash Finch Arch Dan Mid
W Pearson PLC
Bandag Inc
Caseys Gen Store
Penford Corp
Columbus McKinnon
PepsiCo
Comet Fedi
Procter Gamble
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Raicorp Holding Fastenal Co
Featherlite Inc
Rockwell Collins
Fiserv
Saks Inc
Genencor Intl Inc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Incs
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon File
Unova Inc
Macc Pro Eat
Verizon Comm Marsh & McLennan
WalMart
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