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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 20, 2001
Page
13
European and Asian markets ended Monday narrowly mixed as investors favored safer stocks amid weak risk appetite. The Nikkei fell 0.4 percent to 13,119.59, Hong Kong’s Hang Seng slid 0.9 percent to 15,490.96, while London’s FTSE 100 rose slightly by 5.70 points.
United Airlines said it would honor 143 tickets sold in a 55 minute online sale on January 31 offering international fares at about 25 dollars. The airline blamed a computer error and faced customer anger over binding pricing.
Developer Charlie MacNider heads to the Mason City City Council to appeal for approval of a Wal Mart Supercenter on Indianhead Farms. The planning and zoning commission has issued its third rejection of the 310 acre rezoning for the Wal Mart and related retail and industrial park.
Working women make up nearly half of the U S labor pool yet only a small share reach the highest income brackets. The article highlights persistent wage gaps and barriers to advancement affecting female earnings at the top levels.
Rockwell International will become Rockwell Automation with Rockwell Collins spun off as a separate public company. Collins, based in Cedar Rapids and formerly Collins Radio, employs about 9 500 in Iowa and 16 000 nationwide, providing avionics and communications gear for civil and military customers.
At Cresco based Featherlite Inc, CEO Conrad Clement recalls Dale Earnhardt as a longtime friend and contributor. Earnhardt died after his car crashed at the Daytona 500 on Sunday. He had toured Featherlite plants including the Iowa headquarters and was the first Winston Cup driver to use a Featherlite transporter.
The notice provides tip line numbers for The Gazette in Cedar Rapids and Iowa City plus a toll free option. It lists 398 8254 in Cedar Rapids 339 3155 in Iowa City and 1 800 397 8212.
Kohl's Corp. agrees to acquire rights to occupy 15 former Bradlees locations expanding Northeast reach. Home Depot U S A and Wal Mart Stores would gain rights to 20 Bradlees sites under a separate deal with Stop & Shop affiliate. Bradlees filed for bankruptcy. court approval pending. If approved, closure within 90 days. Kohl's also operates Cedar Rapids Northland Square store.
The 234 room Sheraton operated by MeriStar Hotels & Resorts is halfway through a $6 million renovation led by general manager Charles Goldberg. Upgrades include a reconfigured lobby, ninth floor private lounge, smart rooms with fax and copy facilities, remodeled Morgan's Bar and Grill, and refreshed ballrooms and meeting spaces.
Usinor SA of France Arbed SA of Luxembourg and Aceralia Corporacion Siderurgica SA of Spain announced a three way merger to create a world leading steel producer with 46 million tons annual capacity. Luxembourg will host the new group with Usinor holding 56.5 percent Arbed 23.4 percent and Aceralia 20.1 percent. joint benefits include 320 million dollars in savings 2002 to 2005 and 275 million by 2008.
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