Tech stocks lead on Nasdaq as blue chips lag
Tech shares surged driving the Nasdaq up 116.39 to 2 640.57 for a three day rally the first since Labor Day. The Dow rose 5 28 to 10 609 55 while advancing issues led decliners 5 to 4 on the NYSE with 1.7 billion shares traded. Eastern Iowa names RF Micro Devices U S Cellular McLeodUSA General Electric Maytag Conexant gain while Heinz Fiserv General Mills fall.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
U.S. Cellular
McLeodusa
General Electric
Maytag
Conexant
Heinz
Fiserv
General Mills
Kent Statler Named VP Lean Electronics at Rockwell Collins
Kent Statler, promoted to vice president lean electronics at Rockwell Collins in Cedar Rapids, replaces Dan D. Chadwick who retires after 38 years. Statler, formerly maintenance operations VP for Collins Aviation Services, will oversee companywide lean electronics focus and reports to President Clay Jones.
MENTIONED IN THIS ARTICLE
Lean Electronics
Rockwell Collins
Cedar Rapids
Statler
Collins Aviation Services
Dan D. Chadwick
Lean Electronics Ambawnann Mentainassesailian
Kent Statler
Iowa pork producers sign packer deal
Iowa Premium Pork Co. a producer cooperative, signed an initial agreement with Smithfield Foods John Morrell & Co to develop branded products and higher farmer profits. Roger Coon president and Lohrville hog farmer said the pact aims to shorten distribution and boost income after price declines. The deal covers new hog pricing, guaranteed slaughter space, and potential joint plant ownership.
MENTIONED IN THIS ARTICLE
Iowa Pork
Iowa Premium Pork Co
Iowa Pork Producers
Smithfield Food Inc
John Morrell & Co
Roger Coon
Iowa Premium Pork
Lohrville
Coon
Co-Op
Iowa Premium Park
Morrell
Kawasaki recalls 18 000 cycles over rear brake defect
Kawasaki Motors Corp recalls about 18 000 2001 KX series motocross motorcycles including KX65 KX85 KX100 KX125 KX250 and KX500 sold from May to November last year. No injuries reported. Consumers should stop riding and await a free repair kit or dealer service. Contact Kawasaki at 866 802 9381.
MENTIONED IN THIS ARTICLE
Kawasaki Motors Corp
U.S. Consumer Safety Commission
Kawasaki
Irvine
Calif
Mortgage rates dip to 21 month low across loan types
Freddie Mac reports week’s declines in 30 year fixed at 6.89 percent from 7.07, 15 year at 6.49 percent from 6.74, and 1 year ARM at 6.65 percent from 6.86 with points about 1 percent. Chief economist Robert Van Order links the drop to signs of slowing economy and Fed rate cut expectations.
MENTIONED IN THIS ARTICLE
Freddie Mac
Robert van Order
Federal Reserve
Iowa remains top corn state despite soybean drop in 2000
Illinois led U S soybeans with 459.8 million bushels in 2000 followed by Iowa at 459.2 million and Minnesota at 293 million. Iowa still produced 1.74 billion bushels of corn, down from 1.76 billion in 1999. Crop expert Jim Fawcett cited excess rain in June and July, dry August, bean pod mottle virus and bean leaf beetles as factors lowering soybean yields.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Illinois
Minnesota
U.S. Department of Agriculture
Nebraska
Jim Fawcett
Iowa State University Extension
Fawcett
USDA
Cloned dairy cow may resist mastitis and save billions
University of Vermont researchers cloned a gene to kill the bacteria causing mastitis and produced a mastitis resistant animal. The project aims to cut dairy industry losses estimated at 1.7 billion dollars annually. Annie, born in 2000, could be tested next year for disease resistance.
MENTIONED IN THIS ARTICLE
Montpelier, Vt
University of Vermont
UVM
John Bramley
College of Agriculture and Life Sciences
USDA
Jersey
Annie
Photo Annie
Utilities board approves Qwest business rate hike in small towns
The Iowa Utilities Board denied a residential rate increase for Qwest in Iowa City and smaller exchanges. It approved a redesigned wholesale plan that will flip urban and rural business rates, with residential costs in Iowa City rising modestly from 11.68 to 12.65 per month.
MENTIONED IN THIS ARTICLE
Utilities Board
Qwest
Gazette
Iowa Utilities Board
TUB
Qwest Corp
Iowa City
Iowa
US West
Federal Communications Commission
IUB
Rob Hillesland
Curt Stamp
Iowa farmers face record corn costs as fertilizer soars
Ammonia fertilizer has doubled in price pushing Iowa 2001 corn costs up by 13 to 16 cents per bushel, the highest cost in 15 years. ISU extension notes soybeans and alfalfa costs also rise. farmers seek cost-saving options and labor cuts to stay afloat.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Iowa
Iowa State University Extension
The
Agribusiness Association of Iowa
Mike Duffy
ISU Extension
Buyer sought for Shell Rock company in buyout talks
Shell Rock's 18 year old Hobson Mould Works seeks a buyer as layoff reduces staff from about 100. A session with company officials and the Iowa Department of Economic Development is planned while a Canadian blow molding firm shows interest. ESOP ownership means workers face potential losses if no sale occurs. Gerald Hobson stays hopeful amid uncertainty and limited bank funding.
MENTIONED IN THIS ARTICLE
Shell Rock
Shell Rock Company
Hobson Mould Works
Iowa Department of Economic Development
Gerald Hobson
Hobson
Hobson Brothers Moulding
Also Mentioned on This Page
Djia
New Rockwell Collins
Kent Statle
Pork Producers
Packer
BizFacts
Ijk
Telete
Pat Carr
Bramley
Duffy
NCUA
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