Stocks Slip as Yields Rise Dim Nasdaq Gains
Wall Street ended lower after an early rise as higher bond yields drew investors away. The Dow fell 61.12 to 11511.08, the Nasdaq dropped 127.04 to 3922.63, and NYSE volume reached 1.25 billion shares with decliners leading advancers by about two to one. Eastern Iowa stocks showed 11 gains, 29 losses amid mixed prices. Toys R Us named John Eyler as chief executive to steer a turnaround after a pause in leadership at the retailer.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Procter & Gamble
Quaker Oats
McLeodusa
MCI WorldCom
US Cellular
International Paper
Kroger to Cover Cosmopolitan at Checkouts Nationwide
Kroger, the nation’s largest grocer, will cover Cosmopolitan at all checkout stands amid complaints over sexual headlines. Spokesman Gary Rhodes says racks will conceal magazine covers except for the title. The move, supported by Morality in Media, affects 2,268 stores and 800 convenience outlets across 31 states under multiple banners.
MENTIONED IN THIS ARTICLE
Kroger
Cosmopolitan Magazine
Gary Rhodes
Fred Meyer
Ralphs
Smith's
King Soopers
Dillon
Fry’s
Food 4 Less
Morality In Media
New York
Yahoo! posts strong earnings surpassing expectations
Yahoo! Inc reports fourth quarter net income of 44.7 million or 15 cents per share, 57.6 million earnings excluding amortization, and 201.1 million in revenue. The firm attributes gains to higher advertising fees and e commerce during the holiday season. A two for one stock split will take effect February 14. Yahoo! has about 263 million shares outstanding.
MENTIONED IN THIS ARTICLE
Yahoo! Inc
Wall Street
Yahoo
Town Centre complex sold to Wisconsin REIT Wellington Properties
Wellington Properties Trust of Brookfield Wisconsin will acquire the Town Centre in Cedar Rapids from 2001 Development Corp The 205000 square foot complex on Third Ave SE is 97 percent occupied and will be managed by Ryan Properties Inc after the sale The deal is expected to close in Q1 this year.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Wellington Properties Trust
Brookfield
Wis
Town Centre
Third Ave
Development Corp
Ryan Properties Inc
Montrose Hotel
Lazette
Third Avenue SE
Toyota finance exec joins SCI Capital Management
Donald Doudna, former general manager at Toyota Financial Services Center in Cedar Rapids, will become executive vice president of business development at SCI Capital Management in Cedar Rapids on January 31. He will expand SCI's Iowa client base across insurance, nonprofits, and financial services.
MENTIONED IN THIS ARTICLE
George C
Doudna
Toyota
Cedar Rapids
Toyota Motor Credit Corp
Torrance
Calif
Iowa
Bryton Management Corp
Des Moines
McCright
Barbara Knapp
SCI Financial Group
SCI Capital Management
Cargill and Dow to Produce Plastic From Corn
Cargill and Dow Chemical plan a Blair Nebraska plant to manufacture plant based plastic called polylactide using corn. The 50 50 venture Cargill Dow Polymers aims for 300 million pounds yearly and startup by end of 2001.
MENTIONED IN THIS ARTICLE
Cargill
Dow
ISU and NC State to study hog waste control funding
North Carolina State University will lead a 16-university effort to study hog waste control with a $4 million grant as part of a $60 million Rural America program. Participating schools include Iowa State, Purdue, Michigan State, Texas A&M, California Davis, and Duke. The project aims to create the National Center for Manure and Animal Waste and expand research on odors, public health, and farm impacts.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina State University
U.S
Iowa State University
Ames
Fund For Rural America
America
U.S. Agriculture
Dan Glickman
Duke University
University of North Carolina At Chapel Hill
Purdue University
University of Maryland
Cornell
Iowas State
Michigan State
Oklahoma State
Texas A&m
Arkansas
California-Davis
Georgia
Wisconsin
Minnesota
Missouri
North Carolina
Iowa
National Center For
Frank Humenik
Humenik
General Mills Launches On-Box Campaign With American Cancer Society
General Mills will donate up to 1 million dollars to the American Cancer Society with 50 cents per cereal box card mailed by October 1 from Cheerios Wheaties and Total. The drive, featuring Lance Armstrong and Arnold Palmer, marks the ACS first on package fundraising effort and the partnership’s public terms.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills
American Cancer Society
Golden Valley
Lance Armstrong
Arnold Palmer
Easy-Off oven cleaner recall announced after burns
The manufacturer recalled 50 000 cans of Easy-Off oven cleaner Tuesday due to reports of a faulty spray valve causing skin and eye burns. The yellow 16 ounce aerosol can bears lot number B9305 NJ2 at the bottom. Call 1 888 993 3389 for information.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Gazette
George Ford
The
P.O
Georgef
Toys R Us
Toys R Us Inc
FAO Schwarz
Paramus
N.J
Ohare
Town Centre Complex
Wisconsin Trust
C.R
Vincent Noce
Noce
Armstrong Centre
Iowa Building
Higley Law Building
Granby Building
Arco Building
Toyota Finance Exec
Randy McCright
Don
Mired
SCI
Knapp
Donald Doudna
Cargill Inc
Dow Chemical Co
Jim Stoppert
Presi
ISU
N.C
of Agriculture
Cancer Society
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