Cisco forecast Sends Tech Shares Slumping Amid Cautious Trading
Investors retreat as Cisco Systems issues a tentative business spending forecast. The Nasdaq falls 2.5 percent, Dow slips 0.3 percent to 10,470.74, with Spiegel Inc seeking a three month extension to file its restructuring plan as debt concerns rise. Treasury auctions 56 billion in notes as deficits widen.
MENTIONED IN THIS ARTICLE
Cisco Systems Inc
Brian Belski
Piper Jaffray
Spiegel Inc
U.S
Manhattan
Spiegel Catalog
Eddie Bauer Stores
Newport News
Spiegel
Treasury Department
Treasury
Ford Explorer Sport Trac Receives Worst Rollover Rating
The Ford Explorer Sport Trac earned two stars in a government safety test predicting rollover risk in sharp turns. Among 14 vehicles, it had the highest rollover likelihood, with a 30 to 40 percent chance in a one vehicle crash. Gazette news service reports.
MENTIONED IN THIS ARTICLE
Federal Auto Safety Agency
Gazette
Factory orders rise 1.1 percent in December signaling growth
U S factories posted a 1.1 percent gain in December, beating expectations after November’s 0.9 percent drop. Nondurable goods led the rise as businesses replenish inventories, with 2003 orders up 3.9 percent for the year and economists forecasting stronger growth in the new quarter.
MENTIONED IN THIS ARTICLE
Washington
America
Mark Witner
Wachovia
U.S
Hyundai Unveils Small SUV Tucson At Chicago Show
Hyundai Motor Co introduced the Tucson as its first compact sport utility vehicle to compete with Honda CR V Toyota RAV4 and Mitsubishi Outlander. The four door model arrives late this summer with 2 liter or 2.7 liter engines, 10 year 100000 mile warranty, and four wheel drive.
MENTIONED IN THIS ARTICLE
Chicago
Hyundai Motor Co
United States
Hyundai
U.S
Honda
Toyota
Mitsubishi
Bob Cosmas
Hyundai Motor America
Cosmas
Nothing But Noodles plans two Iowa openings by investors
Cedar Rapids and Des Moines investors plan Nothing But Noodles eateries in Iowa with a first location slated for April at First City Square on Marion Cedar Rapids boundary. The 3100 square foot NBN will employ 22 staff and offer 15 noodle dishes plus salads with prices under six dollars. A second Cedar Rapids location and four Des Moines area restaurants are planned after initial success.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Cedar Rapids
Des Moines
Scottsdale, Ariz
Chad Everts
Scott Welker
Noodles
Tim Smith
Iowa Investment Group
Smith
Iowa
First Avenue
Marion
First City Square
Gerry Ambrose
Iowa City
Brick’s
West Side
Employers advance retirement benefit cuts eyed by many
A Towers Perrin survey shows more than 75 percent of firms have cut or plan to cut retirement benefits. Over 40 percent cut future retirees medical benefits while two thirds shifted medical costs to current retirees. More than 40 percent with traditional pensions moved to cash balance or hybrid plans. Kathleen FitzPatrick comments on retirement realities.
MENTIONED IN THIS ARTICLE
New York
Towers Perrin
Kathleen FitzPatrick
Workers plan to work past retirement amid shifting benefits
A Towers Perrin survey of over 2,000 workers and 365 personnel officers at 340 companies finds 78 percent expect to work in some capacity during retirement, with 35 percent citing financial reasons and 43 percent staying active. Most expect continued benefits but at lower levels, and over 60 percent foresee higher retiree medical costs paid by workers.
MENTIONED IN THIS ARTICLE
Ing
Iowa trial sought on dumping tied to Sabine case
Cedar Rapids based Sabine Transportation faces federal charges over 440 tons of diesel contaminated wheat dumped from the Juneau in the South China Sea. Prosecutors say Rick Stickle and other Sabine executives conspired to dispose of the grain. the defense seeks transfer to Iowa for trial.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
South China Sea
Iowa
Sabine Transportation Inc
Sabine
Rick Stickle
U.S
Juneau
George McKay
Philip Hitchens
Coast Guard
Portland
Ore
Singapore
Also Mentioned on This Page
DOW
Cyle
Nasdaq
Cisco
Schryme
Commerce Department
Institute For Supply Management
Janu
Department of Commerce
C.R
David.dewitte
Gazettecommunications.com
Dallas
Associated Press
George.ford
Columbus McKinnon
PepsiCo
Come! Fed
Procter Gambie
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Raicorp Holding
Rockwell Collins
Featherlite Inc
Saks Inc Fisery
Genencor Inti Inc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Mot
Hon Incis
Farmers Savings Bank
Walford
Walfordbank.com
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