Tech stocks lift market to multiweek highs
Tech shares propelled the Dow 220.45 points to 10,114.29 and the Nasdaq to 2,046.84 as volume surged to 2.28 billion. Local movers included Deere 44, Kohl’s 71.39, Alcoa 40.44, and Weyerhaeuser 54.96, while Eastern Iowa firms gain from Senate defense funding. WorldCom sealed Rhythms NetConnections assets, boosting telecom savings by 22 percent. Rockwell Collins, Alcoa, Intermec, and Litton to receive defense and supply contracts. Murdock Communications terminated a prior reorganization with Informed Care and Grocery Shopping Network. Wayne Wright said creditors will continue debt restructuring.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Deere
Kohl’s
Alcoa
Weyerhaeuser
Iowa
Rockwell Collins
Cedar Rapids
Davenport
Intermec Technologies Corp
Litton Life-Support Systems Inc
Murdock Communications Corp
Marion
Informed Care Inc
HomeTown Info Inc
Grocery Shopping Network
Wayne Wright
Harkin Leads Senate Vote on Five Year Farm Bill Debate
The Senate approved limiting debate on a five year farm bill by 73 to 26 with Republicans joining Democrats. Harkin, Iowa Democrat, argued to move to the bill amid looming amendments while the White House criticized the measure and warned against delaying spending. The bill totals about 170 billion dollars with 73.5 billion in new spending and faces procedural hurdles before final passage.
MENTIONED IN THIS ARTICLE
Washington
Senate
White House
Tom Harkin
Senate Agriculture Committee
Harkin
Iowa
Chuck Grassley
Arown
Defense Department
GOP
House
Vilsack Welcomes GOP To Hog Lot Debate In Iowa
Governor Tom Vilsack urged Republicans to join debates over regulating large scale hog operations across Iowa. He backs county level control over permits with state standards and called for broad public input and fresh tech solutions.
MENTIONED IN THIS ARTICLE
Vilsack
James Q. Lynch
Gazette
Cedar Rapids
Tom Vilsack
Iowa
Capitol
Mediacom and Excite Home strike definitive broadband deal
Mediacom and Excite Home reach a $355 million agreement to keep Eastern Iowa high speed Internet service uninterrupted through February. Mediacom will pay $10 million to Excite Home for three months of service and transition assistance as AT&T withdraws a competing offer.
MENTIONED IN THIS ARTICLE
Excite@Home
Mediacom
At&t Corp
At&t
WorldCom security hole left intranets exposed to hackers
Adrian Lamo discovered a router error that left internal networks of AOL Time Warner Bank of America CitiCorp News Corp JP Morgan McDonald Sun Microsystems and others open to potential hacking. WorldCom and the researcher worked over the weekend to fix the months old issue, with no evidence of exploitation and no WorldCom customers affected.
MENTIONED IN THIS ARTICLE
Washington
WorldCom Inc
WorldCom
Adrian Lamo
San Francisco
AOL Time Warner
Bank of America
CitiCorp
News Corp
JP Morgan
McDonald's Corp
Sun Microsystems
Lamo
Jennifer Baker
Adrian
Goodwill to Open New Store in Southwest Cedar Rapids
Goodwill Industries of Southeast Iowa advances a 16,300 square foot store at 20th Avenue and Scotty Drive SW behind Westwood Plaza Shopping Center. The Cedar Rapids site will replace the 2325 16th Ave SW location and offer double the retail space with an enhanced drive up donation area, targeting a March opening.
MENTIONED IN THIS ARTICLE
Dick Rusk
Dubuque
Quality Walls Inc
Rock Island
Goodwill
Cedar Rapids
20Th Avenue
Scotty Drive
Econofoods
Westwood Plaza
16Th Ave
Goodwill Industries
Also Mentioned on This Page
Murdock
Rhythms
Djia
By E. Michael Myers
State Department of Natural Resources
Excite@Home OK
George C. Ford
Exciteq@Home
June Rochford
Photo By
Jim Slosiarek
Judy McKowen
Washington Goodwill
Lindale Mall
Alburnett Benton Community
Washington Center Point
Urbana
Central City
East
Buchanan
Jefferson
Solon
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