Major US markets closed for Presidents Day briefing
President Day markets were closed while foreign markets traded. Duane Arnold Energy Center in Palo returned to full power after a 15 day outage to repair a condenser tube. DAEC is owned by Alliant Energy Interstate Power and Light Co Central Iowa Power Cooperative and Corn Belt Power Cooperative and managed by Nuclear Management Co. Walmart appeals $85 million defamation verdict won by former employee Lamon Griggs in Louisiana. DaimlerChrysler recalls over 12 million cars and trucks including Chrysler LHS 300M Concorde and Dodge Intrepid for strengthened driver seat bolts. Wisconsin Power and Light seeks $7.6 million refund to retail electric customers from 2001 fuel costs.
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Griggs
Hammond
DaimlerChrysler Ags
Chrysler Group
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Chrysler
Wisconsin Power and Light Co
Wisconsin
Alliant Energy Corp
Public Service Commission of Wisconsin
Greenspan warned tax cuts must be paid for
Washington AP reported Alan Greenspan pressed that further tax cuts must be financed by spending cuts or tax increases. The Fed chair criticized Bush's plan while defending his past stance, prompting Democrats to call it the kiss of death for the 12 trillion proposal and leaving aides to downplay a rift with the White House.
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Alan Greenspan
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Greenspan
Bush
GOP
White House
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Paul Kasrel
Northern Trust Co i
Chicago
Fed
Hands-on learning at Zoom Zones hosted by Rockwell Collins
Sara Nanke, 10, of Toddville reacts to creating a neutrally buoyant object Sunday at Zoom Zones in Lindale Mall. Rockwell Collins sponsored the event to spark engineering interest, with displays set up Saturday at Westdale Mall and Sunday at Lindale Mall from 10 a.m. to 4 p.m. The company marks National Engineers Week with outreach activities at Science Station.
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Sara Nanke
Toddville
Lindale Mall
Rockwell Collins
Cedar Rapids
Westdale Mall
Monticello clinic may lose affiliation with Medical Associates
Monticello Medical Center faces possible loss of affiliation with Medical Associates Mercy Family Care Network after March 19. Craig Schatz cites rural practice economics, recruitment struggles, and local patient preference for Cedar Rapids specialists as key factors in the clinic's financial viability and future planning. TheMonticello site has been subsidized for years as the joint venture with Dubuque based Medical Associates Mercy seeks a sustainable path.
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Gazette
Monticello
Monticello Medical Chic
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Mercy Family Care Network
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Brian Schatz
Iowa
Enor
Mous
Schaiz
Schatz
Cedar Rapids
Board delays ruling on Iowa Telecom rate hike
The Iowa Utilities Board postponed its decision on rehearing for Iowa Telecoms proposed residential rate increase. The company sought up to 112 percent raises in some areas to add more than 18 million dollars in revenue. The board noted the income would service debt and not fund service improvements, and ordered equalized rates plus a 13 percent uplift, with limited temporary hikes already in place.
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Iowa Telecom
Newton
Iowa Utilities Board
Telephone Company 5
Utilities Board
Iowa Telecoms
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Ity
the Utilities Board
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Big ownership drop in local TV news quality study indicates
A five year study by the Project for Excellence in Journalism, affiliated with Columbia, finds stations owned by large distant groups produce lower quality newscasts than smaller owners. It notes some cross-ownership stations still perform well and urges FCC caution on relaxing ownership limits.
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New York
Project For
Jour
Alt Marent
Blan Good
Northwest scuttles airlines fare increase attempt
Northwest Airlines blocked a planned fare increase that other major carriers had begun to implement. Continental had raised $10 per ticket each way, with American Airlines and others matching, but Northwest refused to join. By Monday morning the industry-wide rise collapsed, as executives warned of fragile demand and ongoing losses.
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Fort Worth
Texas
Northwest Airlines
Houston
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