Market Notes Mixed as Dow Dips on Asia Crisis Buzz
A late stock surge reduced losses after a session where the Dow fell about 130 points midday, finishing 3.98 lower at 7902.27. Trading volume hit 655.9 million shares as 11 of 40 Eastern Iowa stocks rose while 29 fell. ShopKo will keep the Quincy distribution center with cost reductions and 70 to 75 full time staff. DuPont and Pioneer Hi-Bred form Optimum Quality Grains with a DuPont executive to oversee crop research after a $1.7 billion stake buy in Pioneer.
MENTIONED IN THIS ARTICLE
U.S
Asia
New York Stock Exchange
Firstar
Raytheon
Rockwell
Penford
ShopKo Stores Inc
Penn-Daniels
Quincy
Ill
ShopKo
Green Bay
Wis
Penn-Daniels Inc
Illinois
Iowa
Missouri
Moline
Optimum Quality Grains
Pioneer Hi-Bred International
DuPont
D.L
United States
Europe
Canada
DuPont Quality Grains
Pioneer
Internet Law Forum weighs self regulation for Net governance
At a Seattle two day Internet Law and Policy Forum conference experts discuss censorship privacy and commerce on the Net. Speakers warn blanket rules fail and urge practical self regulation before government action while noting steps from Gore FTC and industry groups toward safer transactions and data privacy.
MENTIONED IN THIS ARTICLE
Seattle
Internet Law and Policy Forum
Jim Miller
World Wide Web Consortium
Albert Gidari
Forum
Rick White
R-Wash
House sales strongest in 19 years in November surge
New single family house sales rose 5.1 percent in November to a 830000 annual pace, the best since April 1986, with economists forecasting 1997 sales above 800000 and a milder 1998 slowdown. Regional gains spurred by falling rates and strong consumer confidence kept prices affordable at a median of 140000.
MENTIONED IN THIS ARTICLE
Washington
David Lereah
Mortgage Bankers Association of America
Commerce Department
Michael Carliner
National Association of Home Builders
Asia
U.S
West
Midwest
Glickman urges Europe to follow science on trade disputes
Agriculture Secretary Dan Glickman told a Oxford farm conference that Europe must rely on solid science in resolving trade frictions with the United States or both sides will suffer. He warned against an EU ban on cattle products tied to mad cow disease and urged science based labeling on genetically altered foods.
MENTIONED IN THIS ARTICLE
U.S
Washington
Europe
United States
Agriculture
Dan Glickman
Glickman
Oxford
England
European Union Agriculture
Franz Fischler
European Union
CRANDIC Plans Cedar Rapids Switching Expansion
The Cedar Rapids and Iowa City Railway plans land purchase south of Prairie Creek to add four tracks and boost switching capacity. Expansion aims to ease congestion as customers like ADM Penford Cedar River Paper PMX grow, with annexation and industrial zoning sought for the nearby site.
MENTIONED IN THIS ARTICLE
Crandic
Dick Ransom
Hall and Hall Engineering
Union Pacific
Fairfax
Treangen
Nevada Bob's Golf Outlet to Move to Larger Cedar Rapids Store
Nevada Bob's Golf Outlet plans a move in early March to a 10 000 square foot site at 1961 Blairs Ferry Rd NE in Cedar Rapids. Owner Charlie Updegraff aims to double space from 310 Collins Rd NE, expand to 1500 items, add a putting green and full swing simulators, and hire two to three more full time staff for peak season. The store opened in 1985, first on 33rd Avenue SW before relocating in 1989.
MENTIONED IN THIS ARTICLE
Lynn Feuerbach
Gazette
Nevada
Bob’s Golf
Cedar Rapids
Charlie Updegraff
Blairs Ferry Rd
Aldi Foods
Updegraff
Collins Rd
Bob's
Bob’s
33Rd Avenue
Collins Road
Paragon Trade Brands Files for Chapter 11 in Atlanta
Paragon Trade Brands Inc. filed for federal bankruptcy protection in Atlanta to shield its operations while seeking to restructure debts and appeal a ruling that it infringed patents for Pampers leak prevention. The company faces up to 200 million dollars in potential liability after a Procter & Gamble patent infringement loss. P G expressed surprise at the filing and noted it had pursued settlement efforts.
MENTIONED IN THIS ARTICLE
Atlanta
Paragon Trade Brands Inc
Procter & Gamble
Paragon
P&g
Alan Cyron
Also Mentioned on This Page
Grain Company
Cnet Pilg
al Gore
Federal Trade Commission
Microsoft Corp
U.S. Dept. of Commen
Mie Ee
Nursery
Linn
Gazetc
By Dale Kueter
Diapermaker
www.GazetteOnline.com
Gazette Onine
Neom Meadlings
Seaion
Starwe
Terry Branstad
Commission On
GOP
Zea Peess
Arly
Rod Boshart
Reas Gazette
Grey Association
Branstad
Becky Stover
Aditone
Ae Rss
Tampaness
GazetteOnline.com
Ialegis
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