Tech rout and stock slide hit markets and web firms
Blue chip stocks fell as rising rates spooked investors while a wave of attacks on major web sites dented technology stocks. The Dow dropped 258.44 to 10 699.16 and the Nasdaq slid 64.26 to 4363.24 with 1.28 billion shares traded on the NYSE.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
United Fire
National Computer Systems
RF Micro Devices
MCI WorldCom
Rockwell
International Paper
Procter & Gamble
Weyerhaeuser
NEW York Ei Exchange Industrial
Transport
LucentTechs
E Finance
AmerOntine
Texas Biotech
Metromedia
Amtec Inc
Cisco
Amex
Ag. Ag
Biotech
Indust
Standard & Poor's Insurance
Telecom
Utilities Ie
Dar
Wilshire Associates
Associated Press
Rudi's Bakery expansion gains DOT funding in North Liberty
The Iowa Transportation Commission approves 223 527 for street improvements and a 100 000 grant for a rail spur for Rudi's Bakery in North Liberty. The 50 000 square foot plant will create 100 jobs with a 12 75 hourly wage, funded under RI SE.
MENTIONED IN THIS ARTICLE
George C. Ford
Iowa Transportation Commission
Colorado
North Liberty
Rudi’s Bakery
230Th
240Th Streets
240Th
Progress
Cedar Rapids
Iowa City
Iowa
Boeing engineers strike halts 10000 workers in white collar walkout
More than 10000 engineers and technical workers at Boeing walked off the job in a Seattle area strike over contract talks. Although production continued for now, a prolonged stoppage could affect aircraft inspections and deliveries. union leader Karl Bofferding criticized Boeing as negotiators.
MENTIONED IN THIS ARTICLE
Renton
Wash
Boeing Co
U.S
Boeing
Society of Professional Engineering Employees In Aerospace
Seattle
Renton Memorial Stadium
Charles Bofferding
Peter B. Conte
Rockwell
Judge appoints C R lawyer to probe hog merger
A Des Moines judge named Cedar Rapids attorney Eric Lam as special investigator to review the Smithfield Foods Murphy Family Farms and Stoecker Farms merger. The probe covers financial and business dealings amid a 1999 Iowa injunction attempt over feedlot ownership and control.
MENTIONED IN THIS ARTICLE
C.R
Des Moines
Iowa
Tom Miller
Eric Lam
Cedar Rapids
Smithfield Foods
Murphy Family Farms
Stoecker Farms
Randall Stoecker
Smithfield
Rose Hill
N.C
Murphy
Miller
Stoecker
Rail freight rates rise for select shippers in 1995 era
Burlington Northern Santa Fe and Norfolk Southern announce price hikes up to 4 percent as fuel and labor costs rise. Union Pacific and CSX signal similar increases, though most shippers with long term contracts remain unaffected. Analysts call the move selective and not broadly profitable.
MENTIONED IN THIS ARTICLE
Dallas
Fort Worth
Burlington Northern Santa Fe Corp
Norfolk Southern Corp
Norfolk
Omaha
Neb
Union Pacific Corp
Richmond, Va
CSX Corp
Valentine
Burlington Northern
Jim Sabourin
Santa Fe Pacific
Nike warns it may miss earnings forecast for 2000
Nike says it still expects 20 percent EPS growth but may fall short of the 2.08 analysts' estimate for fiscal 2000. Beaverton firm notes US retail shakeout pressure as many partners slash orders and close stores amid softer footwear sales.
MENTIONED IN THIS ARTICLE
Beaverton, Ore
Nike
Tom Clarke
First Call
Thomson Financial
Beaverton
Clarke
United States
Venator
U.S
Also Mentioned on This Page
Arizona
Action Performance Cos. Inc
Phoenix
Consumer Products Safety Commission
Treasury Note
Treasury
Djia
BizFacts
Health Online
A.S
Krte
DOT
Iowa Agricultural Finance Corp
Tecterra Food Capital Fund
Johnson County Board of Supervisors
Iowa Department of Economic Development Board
Com
Munity
Iowa Organic Farmers Network
Priority One
Tederra
CEBA
RISE
Iowa City Area Development Corp
Collins
Afl-Cio
Bonnie Swasey
Society of Professional Engineering Employees of Aerospace
SPEEA
Mike Miller
James Valentine
Morgan Stanley
Dean Witter
Nyse Index
FSB
Farmers State Bank
FDIC
Edgewood Plaza
Alburnett
N. Main Ave
Marion
8Th Ave
Town
Hiawatha
Center Pt
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!