Wall Street slides as Dow, Nasdaq fall for fourth straight day
The Dow loses 32.04 points to 9,653.39 and the Nasdaq drops 25.81 to 1,812.71 amid weak indicators of economic improvement. General Mills slides after warning of lower Q3 earnings while Kohl's gains. Argenbright Security faces contract cessation as TSA takes over, with Cedar Rapids remaining a sole-provider site. BellSouth to buy 350 million in services from Qwest, and a Honeywell recall affects about 450,000 baseboard heaters due to fire risk. Ten year yields rise to 4.88 percent, highest in six months, with notes priced near par at 9,996.10 per 10,000.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
General Mills
Kohl’s
Argenbright Security Inc
Argenbright
Securicor
Iowa
DOT
Transportation Security Administration
Cedar Rapids
Federal
Treasury
Owner to close JC's Cafe due to smoking ban in Iowa City
Iowa City will close by April 14 and possibly reopen outside the city limits to avoid the March 1 smoking ban for venues deriving most revenue from on site food sales. JC's Cafe owner Bob Finley, 56, says customers will move to Coralville. He plans to sell the building at 1910 S Gilbert to Jim Rogers and relocate Brandt Heating to expand.
MENTIONED IN THIS ARTICLE
Gazette
Iowa City
Bob Finley
Finley
S. Gilbert
Jc’s Cafe
Coralville
Missouri
Ernie Lehman
Gabe’s. Finley
Jim Rogers
Jim’s Instrument Manufacturing Inc
PlexiCraft Inc
Highland Ct
Brandt Heating
Rogers
PepsiCo profits dip on Quaker merger costs and growth
PepsiCo reported a 4.4 percent fourth quarter profit decline to 667 million dollars or 37 cents a share due to 121 million dollars in charges from acquiring Quaker Oats. Excluding charges, earnings rose to 764 million dollars or 42 cents a share.
MENTIONED IN THIS ARTICLE
PepsiCo
New York
PepsiCo Inc
Quaker Oats Co
N.Y
Pepsi- Co
Quaker Oats
Cedar Rapids
Gatorade
Senate restarts farm bill talks in stalled debate
The Senate resumes consideration of a 73.5 billion farm bill amid disputes over price supports and spending pace. Key conflicts include White House targets versus Democratic aims, with Harkin and Grassley advocating different caps. A conference with the House is expected, delaying final passage until March.
MENTIONED IN THIS ARTICLE
E. Michael Myers
Washington
Senate
House
Tom Harkin
Iowa
Agriculture Committee
White House
Congress
Harkin
Grassley
Democrats
AT&T rolls out unlimited long distance plan
AT&T Corp. launched AT&T Unlimited offering residential customers unlimited calling to AT&T subscribers for 19.95 per month with 7 cents per minute to non AT&T numbers. Analysts see it as a step toward all rate pricing, while others say it does not go far enough.
MENTIONED IN THIS ARTICLE
New York
At&t Corp
At&t
At&t Unlimited
Also Mentioned on This Page
BellSouth
Qwest
BellSouth Corp
Qwest Communications International Inc
Massachusetts
Honeywell Consumer Products Inc
Southborough
Mass
Consumer Product Safety Commission
Safety Commission
Djia
AP Stockquote
Local
I.C
By Marlene Lucas
Marlene Lucas
Marienei
Fyiowa
Thomson Financial
First Call
Quaker
Steve Reinemund
Roger Enrico
Robert Morrison
Great America
1St St. SE
Crbt
FDIC
Chuck Grassley
Sen
A-lowa
Lowa
Ken McGee
Firm
Gartner
At&T’s
Drake Johnstone
Davenport & Company
Richmond, Va
Johnstone
U.S
Williams Blvd
Edgewood Rd
Seventh Avenue
Marion
First Avenue
1St St. Monticello
AL Ny
Mt. Vernon Road
Johnson Avenue
Comfedbank.com
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