Carmike Cinemas Delisted From NYSE After Chapter 11
The NYSE delisted Carmike Cinemas after rejecting its plan to meet listing criteria. Carmike, operator of Cedar Rapids theaters, filed for Chapter 11 last August and has since closed multiple cinemas nationwide. Shares closed at 34 cents and will stop trading at today’s end.
MENTIONED IN THIS ARTICLE
Carmike Cinemas
Cedar Rapids
New York Stock Exchange
Columbus
Carmike
NYSE
The
Stock Exchange
Dain Rauscher to be Acquired by Royal Bank of Canada
Shareholders approved the sale of Dain Rauscher Corp to RBC with the deal cleared by Canadian and U.S. regulators. Each common share converts to 95 dollars in cash, excluding certain restricted shares. Dain Rauscher will remain a U.S. stand‑alone firm with its current management, operating in Cedar Rapids and Iowa City. The firm is among the largest regional full‑service securities companies in the U.S. with about 1,200 clients and roughly 1.1 billion dollars in 2000 revenues.
MENTIONED IN THIS ARTICLE
Dain Rauscher Corp
Royal Bank of Canada
Canada
United States
Dain Rauscher
Cedar Rapids
Iowa City
U.S
Davi Rauscher
Waterloo Airport expansion plan advances to FAA review
Waterloo City Council approves a 5 million expansion and renovation of Waterloo Municipal Airport. A 9 000 square foot east end addition will house ticket counters and baggage handling with a relocated main entrance. Improvements include a new roof jetway and enhanced terminal features.
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Waterloo
Waterloo Municipal
Federal Aviation Administration
Post office and FedEx strike cross country delivery deal
The Postal Service and FedEx announce an agreement to speed mail and expand FedEx retail presence. FedEx will haul Express and Priority Mail and some first class mail for the post office for 6.3 billion over seven years, and will place collection boxes with the Postal Service earning 126 to 232 million. The plan phases out Indianapolis hub and leverages FedEx air network to improve Priority and Express service while preserving some Postal Service offerings.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
FedEx
William J. Henderson
Frederick W. Smith
Main Street
Henderson
Smith
Memphis
Tenn
Post Office
Indianapolis
American Airlines to Buy TWA and US Airways Assets
American Airlines agrees to acquire most of Trans World Airlines in a 1.8 billion cash deal plus 3.5 billion in lease obligations, plus a separate asset purchase from United Airlines. Regulators must approve. unions and creditors may challenge. Consumers fear reduced competition and higher prices.
MENTIONED IN THIS ARTICLE
US Airways
United
American
U.S
Delta
TWA
Mark Cooper
Consumer Federation of America
American to Buy Trans World Airlines in 500 Million Deal
AMR Corp American Airlines will acquire majority control of Trans World Airlines in a 500 million deal to retire a storied aviation name. The combined group will operate nearly 700 aircraft with hubs at Chicago O Hare Dallas Fort Worth Miami and San Juan. TWA has not profited in over ten years and reports 1999 losses while serving more than 100 cities in multiple regions.
MENTIONED IN THIS ARTICLE
American Airlines
Trans World Airlines Inc
Chicago
Dallas/Fort Worth
Miami
San Juan
Puerto Rico
Fuel costs push Trans World Airlines into bankruptcy
TWA filed for Chapter 11 in Wilmington Delaware after its board approved a $500 million buyout by AMR Corp. Oil price spikes raised fuel costs by over 50 million in 1999 and about 250 million in 2000, straining cash flow as assets totaled 2.1 billion against 2.4 billion in debts.
MENTIONED IN THIS ARTICLE
TWA
Federal Bankruptcy Court
Kirkwood C C weighs two new training programs
Kirkwood Community College considers two ACE funded training tracks for process electrical and mechanical maintenance technicians and diesel truck mechanics in the Cedar Rapids Iowa City corridor. If approved they advance to development then implementation within months with company sponsorship and tax withholding tax funds supporting the program.
MENTIONED IN THIS ARTICLE
George C. Ford
Iowa
Kirkwood
Collins
Sheila Boyd Named Interim President of Iowa City Chamber
Sheila Boyd a former chairwoman was appointed interim president of the Iowa City Area Chamber of Commerce filling the gap left by John Beckord who resigned to lead Forward Janesville. Board chair Mark Phillips cited her leadership and community involvement as key reasons for the unanimous hire and she will serve part time until a permanent president is found by May.
MENTIONED IN THIS ARTICLE
Forward Janesville Inc
Janesville
Wis
Beckord
Chamber of Commerce
Boyd
Phillips
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Djia
Waterloo UK
Motorola Inc
First Call
Thomson Financial
BizFacts
Cabic
Trav
Indust
Iarch
Pat Carr
Hicapaul
Anette
Vice
Mar States
TAL Service
United Siystal Sf
Tales Service
William Henderson
Frederick Smith
ALLAS
United Airlines
Donald J. Carty
Carty
UAL Corp
AMR Corp
Fort Worth
Texas
North America
Caribbean
Europe
Middle East
St. Louis
T. Louis
Wilmington
Del
Milmore
Kirkwood C.C
Sheila Boyd
Mar
Keting
Group 5 Hospitality
Erin Walter At
Fyiowa
Marion
Nequires Digital Pak
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