Investors shift to tech stocks amid mixed Wall Street session
Investors added exposure to high tech shares while trimming blue chip holdings, keeping a mixed tape on the market. The Dow fell 107.91 to 10 795.41 as the Nasdaq rose 63.68 to 2 491.40 and NYSE volume reached 1.36 billion shares.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Fiserv
Conexant
Heinz
Weyerhaeuser
Genencor
International Paper
Cable TV rates rise 5.8 percent over year says FCC
The FCC reports last year 5.8 percent increase in monthly cable charges for programming and equipment, affecting markets with and without competition. July 1999 bills averaged 32.25 dollars, rising to 34.11 in 2000 for noncompetitive areas, while competitive markets paid slightly less and by July 2000 stood at 32.40 dollars.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
Commission
FCC
Campbell profits slip as Krispy Kreme splits stock
Campbell Soup Co reports a 4 percent quarterly profit decline to $271 million or 65 cents per share for the period ending Jan 28, while sales rise 2 percent to $1.95 billion. Krispy Kreme declares a 2-for-1 stock split via dividend on March 19 for holders of record March 5 after earning $10.5 million in nine months.
MENTIONED IN THIS ARTICLE
Campbell Soup Co
Wall Street
Camden
N.J
Krispy Kreme Doughnuts Inc
Scott Livengood
Krispy Kreme
Cedar Rapids
Goodyear Plans Major Job Cuts Amid Demand Slump
Goodyear Tire & Rubber Co. will cut 7,200 jobs this year, 6.8 percent of global staff, on top of 3,500 laid off last year. The moves follow a $102 million loss in Q4 and aim to save about $150 million in 2001 and roughly $250 million annually from 2002 onward, under CEO Samir G. Gibara.
MENTIONED IN THIS ARTICLE
Goodyear Tire & Rubber Co
U.S
Goodyear
Samir G. Gibara
Iowa urged to update power supply
A report from The Environmental Policy & Law Center urges Iowa to diversify its energy mix and reduce reliance on aging coal and nuclear plants. It calls for modernizing transmission and distribution, expanding energy conservation technology and renewable sources, to cut pollution and boost reliability and green jobs.
MENTIONED IN THIS ARTICLE
Iowa
Clean Energy Plan Targets Midwest Growth and Costs
The plan envisions renewable energy and conservation meeting 22 percent of Iowa's needs by 2010 and 48 percent by 2020 at an estimated $40 million total cost and a 1.5 percent rise in 2010 electricity bills and 3.4 percent in 2020. It suggests a renewable investment fund funded by 0.3 cents per kilowatt hour.
MENTIONED IN THIS ARTICLE
Ering
Midwest
Iowa
Farm economist warns against raising crop price supports
Keith Collins of the Agriculture Department told the House Agriculture Committee that lifting federal price supports for crops would worsen surpluses and hurt U S trade. He advocated a new income-based subsidy plan and noted $25 billion in emergency aid over three years. Prices unlikely to rise soon, though weather risks could lift stocks. Loan deficiency payments for major crops surged to $6.4 billion in 2000 from $1.8 billion in 1998.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Collins
Low loan volume prompts closing of Solon branch
University of Iowa Community Credit Union will close its Solon branch at 210 East Main Street on March 2 due to insufficient loan volume. The Solon office opened earlier and will discontinue operations as part of the credit union’s branch restructuring.
MENTIONED IN THIS ARTICLE
UICCU
Credit union shuts Solon branch after review
UIC Credit Union conducts demographic study across 14 counties and closes Solon location citing insufficient loan volume to sustain staff and rent. Two full time Solon employees affected. one promoted, one resigned to transfer. Members may protest but board says closure best serves 40,000 members while remaining offices in Iowa City and Coralville offer services and two Solon ATMs charged by other banks.
MENTIONED IN THIS ARTICLE
Jeffrey Disterhoft
UICCU
Disterhoft
Disterhoff
Solon
Iowa City
Coralville
General Mills Federal Credit Union to Open Cedar Rapids Branch
General Mills Federal Credit Union plans a Cedar Rapids branch inside the 4800 Edgewood Rd. SW plant, serving more than 700 employees and families in Cedar Rapids and Iowa City. The office will offer ATM access, Internet banking, and a 24 hour night depository with weekday staffing.
MENTIONED IN THIS ARTICLE
General Mills Federal Credit Union
General Mills
Edgewood Rd
Credit Union
ConAgra shares plunge after earnings warnings
ConAgra Foods Inc shares fell about 20 percent after the company warned earnings for the next two quarters would miss Wall Street estimates. It forecast third quarter earnings of 18 to 20 cents and fourth quarter of 39 to 41 cents, below consensus figures.
MENTIONED IN THIS ARTICLE
Omaha
Neb
ConAgra Foods Inc
Wall Street
First Call
Thomson Financial
ConAgra
Also Mentioned on This Page
Collins Community Credit Union
First Community Trust
Djia
Campbell
BizFacts
By Dave DeWitte
Alliant Energy
John Ruff
Ruff
Alliant
Bonass
Eee
Ered
Ees Gazette
New Pioneer
Gazette
Buzz Orr
New Pioneer Co-op & Bakehouse
Second St
New Pioneer Co-op
van Buren St
Keith Collins
Agriculture Department
The
House Agri
George C. Ford
the Credit Union
C.R. Plant
L‘ambrose University
Monica Ferret
Sau.edu
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