UAL Bankruptcy and Dow Fall Drag Markets Down
UAL files for bankruptcy while IBM downgrade spurs losses as the Dow dips 172.36 points to 8473.41 and the Nasdaq falls 55.33 to 1367.11. Kmart will restate three years of results and VisionAire faces possible Chapter 7 liquidation after a Chapter 11 ruling. Treasury rates ease with three and six month bills sold at lower discount rates.
MENTIONED IN THIS ARTICLE
UAL
IBM
Dow Jones
United Nations
Iraq
New York Stock Exchange
Kmart Corp
Kmart
Treasury
Treasury Department
United Flight to Continue Amid Bankruptcy Filing
United Airlines files for Chapter 11 in Chicago in the largest aviation bankruptcy. CEO Glenn Tilton says operations will continue, with 1,700 daily flights and $1.5 billion in new financing to sustain operations during an 18 month process.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
United
Glenn Tilton
Tilton
O'Hare International
Eugene R. Wedoff
James Sprayregen
U.S
United bankruptcy questions ease passenger worry during holidays
Knight Ridder reports United will operate from bankruptcy court while restructuring and travelers are unlikely to see immediate changes to flights. Short term schedules should remain intact. flight info remains on United.com or by phone. Frequent flier miles unlikely to be cut. investors face near total stock loss.
MENTIONED IN THIS ARTICLE
Knight Ridder
United Airlines
United
Iowa cropland values rise on strong yields survey says
A Seventh District survey of 360 agricultural bankers shows Iowa cropland values up 2 percent in the third quarter and 10 percent since October 2001 while good farmland gains reflect record yields and higher corn and soybean prices. Nonfarm investors and urban growth bolster demand. Bankers expect further gains in Q4.
MENTIONED IN THIS ARTICLE
Ine Gazette
Iowa
David Oppendahl
Federal Reserve Bank of Chicago
Illinois
Indiana
Michigan
Wisconsin
Federal Reserve
Iowa economy to slowly recover into 2003 says university forecast
The University of Iowa Institute for Economic Research projects Iowa will see 2.6 percent real personal income growth in 2003 and 1.3 percent employment rise. Noninflation adjusted income growth slowed during the recession, with revenue growth expected near 1.5 to 2 percent and state revenue rising into 2004 and 2005. Beth Ingram notes the recession was mild and recovery will be gradual.
MENTIONED IN THIS ARTICLE
Ine Gazeu
Iowa City
Iowa
University of Iowa Institute For Economic Research
Institute
Beth Ingram
Ingram
University of Iowa
Fed expected to hold rates at 41-year lows this week
The Fed is seen keeping short term rates unchanged at 41 year lows at its year end meeting amid stagnant jobs and market volatility. Economists expect tepid growth in Q4 and Q1 2003 while consumption and low mortgage rates support housing and overall activity.
MENTIONED IN THIS ARTICLE
Washington
Bush
Federal Reserve
Fed
Wall Street
Main Street
Also Mentioned on This Page
VisionAire
VisionAire Corp
St. Louis
Cedar Rapids
AP Stockquote
Local
Boston
Logan International Airport
Trebor Banstetter
By Marlene Lucas
By Dave DeWitte
APAC
McLeod USA
Aegon NV
McLeod USA A
Alcoa Inc
Mestek
Alliant Energy
Moore Corp
Columbus McKinnon
PepsiCo
Come Fedi
Procter Gamble
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Ralcorp Holding
Rockwell Collins
Hon Inds
Union Planters
Old Fire Cas
Intl Paper
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon File
Unova Inc
Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
Quad City
State Street
Bettendorf
Quadcitygolices
Pekin
Pekin Life Insurance Company
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