Wall Street mixed as Dow slips while Nasdaq climbs
Traders paused with the Dow down 46.50 to 10,150.55 and the Nasdaq up 18.64 to 2,055.74. Volume totaled 1.56 billion shares as advancing issues edged past decliners 16 to 15 on the NYSE. Local movers included MACC Private Equities and Weyerhaeuser. An Iowa expansion will be announced at 11 a.m. today at Iowa Wesleyan College. Americans boosted borrowing in November by a record 19.8 billion dollars as auto loans surged. Gateway Inc. lost ground after Moody’s cut its rating to junk amid weak PC demand. Sears plans to drop carpet sales next month while Kraft will close Life Savers plant in 2003 affecting 600 jobs.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
MACC
Weyerhaeuser
Moody’s
Gateway Inc
Gateway
Ward
Kraft Foods Inc
Montreal
Northfield
Ill
Kraft
Nabisco Inc
Rockwell Collins trims staff with voluntary layoff and retirements
Rockwell Collins reduced hourly positions starting this month mainly through retirements and voluntary layoffs. Cedar Rapids layoffs reached 63 with more cuts expected while Coralville saw about 24 voluntary moves. Some workers may return by April and recall rights apply, with no severance for union staff.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Rockwell Collins
Cedar Rapids
International Brotherhood of Electrical Workers
Rawson
Rosie” Behel
Coralville
IBEW
Tad Gusta
Gusta
Behel
East Iowans recall Wendy's founder Dave Thomas kindness
Dave Thomas founder of Wendy's died at 69 from liver cancer in Fort Lauderdale. He supported Four Oaks adoption program in Cedar Rapids and funded UI women's athletics. He helped start the Wendy's Four Oaks Golf Classic, raising about 400000 over seven years. Thomas, an early sponsor of women's sports, attended UI events and visited Four Oaks children. Funeral plans noted in Columbus Ohio.
MENTIONED IN THIS ARTICLE
Gazette
Miranda Meyer
Wendy's
Collins Rd
Dave Thomas
Chris Sprague
Sprague
Thomas
George C. Ford Gazette
Wendy’s
Cedar Rapids
Iowa City
Dave
Barbee
Jim Ernst
Four Oaks
Ernst
University of Iowa
University Hospital
Christine Grant
Hawkeye
Vivian Stringer
Grant
Columbus
Ohio
Knoxville
Tenn
Fort Wayne
Ind
Col. Harlan Sanders
Kentucky Fried Chicken
Sanders
Associated Press
Lowe’s eyes 20 acre Coralville site near Coral Ridge Mall
Lowe’s plans a new do it yourself home improvement center on a 20 acre parcel at the northwest corner of U S Highway 6 and Highway 965 west of Coral Ridge Mall. City engineer Dan Holderness said the site plan is under review and comments will be submitted before property is purchased from five owners.
MENTIONED IN THIS ARTICLE
Coralville
Kelly Hayworth
U.S. Highway 6
Coral Ridge
Lowe’s
Iowa
Ames
Dubuque
West Des Moines
Dan Holderness
Tom Sherman
Holderness
St Luke's Cedar Rapids opens Chest Pain Center
St Luke's Hospital in Cedar Rapids unveils the Chest Pain Center within the Nassif Heart Center on the fourth floor with 15 private observation rooms. Dr Naser Payvandi says the unit rapidly evaluates patients to identify those needing emergency heart treatment and helps in observing at risk patients for future heart attacks. The center offers access to dietitians rehabilitation professionals and risk factor managers and uses the Heart Health Profile to assess conditions beyond heart causes. Mercy Medical Center previously launched a similar Chest Pain ER in 2000.
MENTIONED IN THIS ARTICLE
Naser Payvandi
Payvandi
Paywandi
United Heart Associates
Mercy Medical Center
Mercy
St. Luke’s
Alcoa layoffs hit Davenport Works workers
About 221 employees at Alcoa Davenport Works receive layoff notices effective next week. The 9 percent cut affects salaried and hourly staff at the Riverdale plant, amid weak aerospace demand and broader corporate reductions. Local 105 president Shoultz cites Boeing aerospace fallout and prior cost cuts.
MENTIONED IN THIS ARTICLE
Davenport
Alcoa
Riverdale
John Riches
Riches
Larry Shoultz
United Steelworkers of America Local 105
Davenport Works
Boeing
Aerospace
Shoultz
Also Mentioned on This Page
Mount Pleasant
Federal Reserve
Fed
Moody's
Sears
Sears, Roebuck and Co
Hoffman Estates
Peggy Palter
Home Depot
Life Savers
Michigan
Djia
Sennimere Ae
Mere Oy PI
UNO
David DeWitte
Davidd
East
Home Improvement Chain Eyes
North Carolina
North Wilkesboro
Lowe
Chris Ahern
The
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