Wall Street climbs as Nasdaq ends losing streak
Investors sought bargains on Wall Street sending blue chips higher and the Nasdaq up for the first time in eight sessions. The Dow rose 168.36 to 10,487.29 and the Nasdaq gained 7.34 to 2,340.12 amid mixed intraday swings. Thirty-two lines of data include Iowa enterprise zones and Conexant drop after a forecasted first quarter loss. Local stock movers include Weyerhaeuser Wal-Mart Fiserv International Paper and Procter & Gamble. The Iowa Economic Development Board certified three Postville enterprise zones created with Clayton and Allamakee counties noting poverty, population shifts, and zoning details.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Weyerhaeuser
Wal-Mart
Fiserv
International Paper
Procter & Gamble
Conexant
Iowa Economic Development Board
Postville
Clayton
Allamakee
Allamakee County
Clayton County
Ford to Cut Production Across 16 North American Plants
Ford Motor Co lowers fourth quarter earnings outlook and plans plant shutdowns at 16 North American factories. Production drops 9 percent in early 2001, with about 36,000 workers idle the week of January 22 across the United States, Canada and Mexico.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
General Motors Corp
Daimler Chrysler AG
United States
Canada
Mexico
Qwest Maintains Earnings Outlook Amid Industry Turmoil
Qwest Communications International stock rose nearly 16 percent as executives stuck to revenue and earnings projections despite rival turmoil and a recent stock drop. The firm reaffirmed 2000 revenue of 18.8 to 19.1 billion and earnings near 7.4 billion, with 2001 revenue guidance of 21.3 to 21.7 billion and earnings of 8.5 to 8.7 billion. Chairman Joe Nacchio said a Internet focused strategy aims to avoid missteps seen at SBC and AT&T.
MENTIONED IN THIS ARTICLE
Qwest Communications International Inc
Qwest
Wall Street
First Call/Thomson Financial
Joe Nacchio
SBC Communications Inc
At&t Corp
Mortgage rates fall to 19 month lows across loan types
Freddie Mac reports week long slide in rates with 30-year fixed at 7.17 percent from 7.42. Fifteen-year at 6.84 and one-year adjustable at 7.02. Points average 1 percent of loan amount.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gasoline prices fall across Iowa in December
Gasoline prices dropped across Iowa in December by an average of 11 cents per gallon. The December 15 average for unleaded regular was 1.38 dollars per gallon with ethanol 1.39 and premium 1.58. Cedar Rapids and Iowa City saw slower declines with Cedar Rapids at 1.42 and Iowa City at 1.49 then dipping below 1.38. Propane rose 38 cents since Dec. 15, 1999 as natural gas costs higher.
MENTIONED IN THIS ARTICLE
DNA
Iowa
Cedar Rapids
Iowa City
Europe
Iowa City area posts 1 percent jobless rate in November
Iowa City MSA unemployment fell to 1 percent in November from 1.8 percent in October, with total employed rising by 600 to 68,000 and unemployed up modestly to 1,300. Cedar Rapids MSA and Linn County showed mixed moves while statewide jobless rate held at 2.5 percent.
MENTIONED IN THIS ARTICLE
MSA
John Beckord
Iowa City
Popper of Commerce
Beckord
Linn County
Cedar Rapids
Iowa
Counties Trade Highs in State Unemployment Rates
Chickasaw County posted the state's highest unemployment at 5.5 percent while Humboldt County registered the lowest rate at 1.2 percent.
MENTIONED IN THIS ARTICLE
Chickasaw County
Humboldt County
Rockwell Collins plants join EPA environment track program
Four Eastern Iowa plants in Coralville Bellevue Decorah and Manchester are accepted into the EPA National Environmental Achievement Track. The move follows the company's Iowa Environmental Excellence Award and ISO 14001 certification across ten facilities. Rockwell Collins leads in the region with applications from all facilities.
MENTIONED IN THIS ARTICLE
Rockwell Collins
Coralville
Iowa
EPA
Economy slows to four year low in GDP growth
The Commerce Department reports July to September GDP growth at 2.2 percent, a four year low. The result trails the April to June pace of 5.6 percent and prompts forecasters to trim expectations for the current and coming year.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
Clinton
Bush
Dick Cheney
Gene Sperling
Labor shortage delays site selection for $100 million meat plant
Excel Corp and the Iowa Cattlemen's Association blamed a tight labor market for delaying a site choice for the $100 million beef plant planned to create about 1,000 jobs and process 500,000 cattle annually. They had hoped to pick a site by March 2000, with communities including Des Moines and Cambridge under consideration.
MENTIONED IN THIS ARTICLE
Waterloo
Excel Corp
Iowa Cattlemen’s Association
Cattlemen’s Association
Excel
Cargill Inc
Joel Brinkmeyer
Des Moines
Iowa Falls
Cambridge
Wapello
Also Mentioned on This Page
IDED
Djia
BizFacts
Arizona
DNR
By Dave DeWitte
Gazette Graphic
George C. Ford
Gazette
Sperling
Associated Press
Cheney
Federal Reserve
Alan Greenspan
David Wyss
Standard & Poor’s
New York
Brinkmeyer
Cattlemen
Management
Eae
Ua Pere
Pere Ued
Aia A Eer al Bette Eri
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