Wall Street Slips Amid Tech and Health Care Warnings
Profit warnings from Disney and Hewlett Packard dragged stocks lower in uneven trading. The Dow fell as much as 89 points, finishing down 5.08 to 8,737.85, while the Nasdaq dropped 18.61 to 1,430.35 as decliners led advancers 7 to 6 on light volume. Caterpillar workers face higher health care costs in 2004, Tyson Foods announces about 500 potential cuts tied to IBP integration, and a Mississippi company recalls 2.5-pound catfish nuggets sold in 39 states for egg white warnings with refunds offered.
MENTIONED IN THIS ARTICLE
Disney
Hewlett-Packard
Wall Street
New York Stock Exchange
Mississippi
America
Iowa
Itta Bena
Miss
Bio companies ease ban on pharma crops in corn states
BIO says its moratorium on growing crops that produce pharmaceuticals in Corn Belt states is clarified not changed. Iowa Senator Grassley welcomes the shift, while environmental groups oppose any pharmaceutical crops in food systems.
MENTIONED IN THIS ARTICLE
Washington
Iowa
Biotech Group
Corn Belt
Andrew Baum
SemBioSys
Biotech
BIO
Grassley
Friends of the Earth
Mark Helm
Brokaw Vending Sold to PepsiAmericas in Iowa
Brokaw Vending of Hiawatha is sold to PepsiAmericas Inc of Minneapolis. Kim and Katherine Brokaw will stay on to manage the Davenport operation and expand distribution in Iowa and the upper Midwest. The Cedar Rapids and Iowa City firm employs 57, with 65 total staff and $12 million in annual sales.
MENTIONED IN THIS ARTICLE
Gazette Hiawatha
Brokaw Vending
Hiawatha
PepsiAmericas Inc
Minneapolis
Kim Brokaw
Katherine
Cedar Rapids
Sherman Rd
Brokaws
Iowa City
Marshalltown
Brokaw Vending of
Davenport
PepsiAmericas
Brokaw
Jim Bierbaum
Iowa
Upper Midwest
Bierbaum
Peosta firm to expand with state and federal aid
Mi-T-M Corp of Peosta will expand to manufacture appliance components with a $180,000 Iowa Department of Economic Development investment and federal set aside funds to create 60 jobs at an average wage of $11.57 per hour. The project buys over $2 million in robotic welders and machinery to support Frigidaire’s Webster City plant.
MENTIONED IN THIS ARTICLE
George Ford
Peosta
Sertinant Iown Company
Mi-T-M Corp
Iowa
Mi-T-M
A. J. Spiegel
Webster City
Casey's General Stores Posts Higher Q2 Profits
Iowa based Casey's General Stores reports second quarter earnings of 13.4 million dollars or 27 cents per share up from 12.4 million or 25 cents last year. Sales slipped to 549 million from 552 million though groceries merchandise and prepared foods rose. Co founder Donald Lamberti retires as board chair effective April 30 with Ronald Lamb taking the chair on May 1.
MENTIONED IN THIS ARTICLE
Ankeny
Casey's General Stores
Donald F. Lamberti
PepsiCo
Columbus McKinnon
Procter Gamble
Comel Fed
Deere Co
Qwest Commun
Dillards Inc Wu
RF Micro Devices
Fastenal Co
Ralcorp Holding
Featherlite Inc
Rockwell Collins
Saks Inc
Fiserv
Sealed Air
Genencor Intl Inc
Skyworks Solution
Gen Mills
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Intl Paper
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weyverhauser
Malt O Meal buys Quaker bagged cereals in shift
Malt O Meal Co. purchases Quaker Oats bagged cereals business from PepsiCo. The deal expands Malt O Meal’s market while preserving Quaker boxed cereals. About 100 jobs to be added at Northfield Minnesota and Tremonton Utah plants.
MENTIONED IN THIS ARTICLE
Minneapolis
Malt Omeal Co
PepsiCo Inc
Quaker Oats
Quaker
Cedar Rapids
Dan Wombold
PepsiCo
Danville
Ill
Malt-Omeal
Northfield
Minn
Tremonton
Utah
Also Mentioned on This Page
Nasdaq
Caterpillar Inc
Caterpillar
United Auto Workers
Tyson Foods
IBP
Tyson
Ed Nicholson
Nicholson
Springdale
Ark
AP Stockquote
Local
Lisa Dry
The
Biotechnology Industry Organization
Baum
Carl B. Feldbaum
Chuck Grassley
Lowa
Revis
Sen
Chuck Rowa
Pepsi
George C. Ford
Sioux Falls, $.D., and
Whapeton, N.D
Pepsi Americas
Des Moines
Carroll
Gazettecommunications.com
Peosta Firm
Highway 20
Peosia
George.ford
Casey’s
BO Grocery
Ronald M. Lamb
Wombold
Cao He
Adale Wol
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