Wall Street slides as deficit, sentiment sink stocks
A sharp U S trade deficit rise to 489 4 billion and a surprise drop in University of Michigan consumer sentiment triggered profit taking on Wall Street. The Dow fell 66 22 points to 10 627 85 while the Nasdaq dropped 20 05 to 2 053 56, ending the week with modest gains and a fourth straight weekly loss.
MENTIONED IN THIS ARTICLE
U.S
Wall Street
Federal Reserve
University of Michigan
Commerce Department
Beaton Inc. Burger King Franchise Files for Chapter 11
Cedar Rapids based Beaton Inc. owner of Burger King restaurants across eastern Iowa seeks Chapter 11 bankruptcy protection. The firm lists debts and assets under 10 million dollars with more than 230 creditors. Major debts include 677,199 to Burger King Corp and 6 million plus to banks. FedEx completes 2.4 billion acquisition of Kinko s Inc expanding store network and market access.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Burger King
Iowa
Beaton Inc
Council St. NE
U.S
Beaton
Coralville
Iowa City
Marion
Iowa Quad Cities
Burger King Corp
Reinhart Food Services
FedEx Corp
Kinko’s Inc
FedEx
Kinko
Kinko's
Clayton, Dubilier & Rice Inc
FedEx Express
FedEx Ground
FedEx Freight
Martha Stewart Living Sues Kmart Over Royalties
Kmart Corp accuses Martha Stewart Living Omnimedia Inc of overcharging for exclusive rights to sell housewares and other products bearing the name. Martha Stewart Living says Kmart’s contract interpretation would cut its royalties by millions and will contest the filing. Gazette reports.
MENTIONED IN THIS ARTICLE
Kmart Corp
Martha Stewart
Martha Stewart Living Omnimedia Inc
Kmart
Troy
Martha Stewart Living
Gazette
Spanish language business startup classes for Cedar Rapids workers
The Women's Business Center in Cedar Rapids will start its first Spanish language class on March 9 to aid Hispanic residents seeking self employment. The program, funded by a $5,000 grant from the Greater Cedar Rapids Foundation Community Fund, will run eight one hour per week sessions taught by Sandra Perez with Thornton assisting. Registration at (319) 298-2407.
MENTIONED IN THIS ARTICLE
Dave DeWitt
The
Gazette
Cedar Rapids
Iowa City
Joni Thornton
Linn County
U.S
Thornton
Greater Cedar Rapids Foundation Community Fund
United States
Cambridge Staffing marks 25 years in Cedar Rapids area
Mike and Jo Cambridge celebrate 25 years of Cambridge Staffing with four Eastern Iowa locations. They survived a rough period in 1982 84 when unemployment and high interest rates threatened the business. They expanded into temporary staffing and testing and placement, now balancing about 75 percent temporary work and 25 percent permanent staffing.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Mike
Jo Cambridge
Cambridge
Iowa
Mike Cambridge
Bob Armstrong
Cedar River
Cambridges
David Wallace
the Gazette
Mike and
United Fire profits rise with record fourth quarter earnings
Cedar Rapids based United Fire & Casualty Co. reports Q4 2003 net income of 16.7 million or 1.54 per share on revenue of 151.9 million, up from 3.1 million and 135.9 million the year prior. For 2003 overall, net income hits 55.6 million on 573.3 million in revenue.
MENTIONED IN THIS ARTICLE
George G. Ford
Gazette
Cedar Rapids
United Fire & Casualty Co
John Rife
United Fire
Rife
Hardee’s to close 28 underperforming stores nationwide
CKE Restaurants says 28 Hardee’s locations will shut. The company cites older units in poor locations and expects 44 to 50 million dollars in fourth quarter charges. Andrew Puzder says the moves fit the company’s strategic plan and shareowner interests.
MENTIONED IN THIS ARTICLE
Hardee’s
ST. Louis
CKE Restaurants Inc
Andrew Puzder
Puzder
Purder
CKE
Also Mentioned on This Page
Oty
Nasdaq
Schryme
AP Stockquote
Local
Genter
Sandra Perez
Iowa Glass
David.dewitte
Gazettecommunications.com
Cambridge Careers
Cambridge Tempositions
Daven
Port and Dubuque
Chuck Roe
Brad Smith
George.ford
Hardee’s Food Systems Inc
East Iowa
APAC
McLeod USA
Aegon NV
Alcoa Inc
Mestek
Moore Wallace Inc
Alliant Energy
Nash Finch
Arch Dan Mid
Pearson PLC
Bandag Inc
Caseys Gen Store
Penford Corp
Columbus McKinnon
PepsiCo
Comcei Fedi
Procter Gamble
Deere Co
Qwest Commun
RF Micro Devices
Dillards Inc
Raicorp Holding
Fastenal Co
Featherlite Inc
Rockwell Collins
Fiserv
Saks Inc
Genencor Intlinc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Terex Co
Longon File
Macc Pry Eat
Verizon Comm
Marsh & McLennan
WalMart
Mis Valentine
Smulekoff
Bart
Third Ave
Downtown
Ann
Cargill
United Way
East
Cargill’s
Porate Champions’ Fund
Cargill Corporate
Cargill Corn
Oilseeds
Soy Protein Products
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