Market Briefs Feature Tech Rally Amid Mixed Nasdaq Highs
Blue chip stocks slid for a fourth straight session as investors shifted funds to technology shares. The Dow fell 99.59 to 11251.71 while the Nasdaq gained 45.89 to close at 4235.40, a new close high. Eastern Iowa stocks showed 13 gainers, 25 losers, six unchanged with ADM posting mixed results and Pioneer Hi-Bred winning a patent ruling on seeds.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
Alliant Energy
U.S. Cellular
McLeodusa
Procter & Gamble
Warner Lambert
MCI WorldCom
Union Planters
Maytag
Weyerhaeuser
Cattlemen Expand Herds Amid Strong Demand and Low Feed Costs
National on feed cattle totaled 11.46 million head on Jan 1 up 7 percent from 1999 and 3 percent from 1998. Iowa has 1.1 million on feed with larger lots up 12 percent from a year ago. Analysts cite cheap corn and rising slaughter-ready beef in April and May amid ongoing strong consumer demand.
MENTIONED IN THIS ARTICLE
Iowa
Jason Roose
U.S. Commodities Inc
West Des Moines
Roose
Chicago Mercantile Exchange
Study finds minimal cross pollination in GE corn in Maine fields
University of Maine researchers report very little cross pollination between genetically engineered corn and nearby conventional crops, with no cross pollination observed from faraway conventional plants. The study followed vandalism by a group calling itself Seeds of Resistance.
MENTIONED IN THIS ARTICLE
Crono
Maine
University of Maine
Cooperative Extension Farm
Jemison
Oil nears $30 as prices surge and economy stays steady
Oil prices rise toward $30 a barrel as heating costs climb and airlines add surcharges. Despite high energy costs, inflation remains tame and the economy shows resilience due to energy efficiency and a shift away from oil dependence. OPEC cuts output helped end the world oil glut from $11.37 earlier.
MENTIONED IN THIS ARTICLE
U.S
William Cheney
John Hancock Financial Services
Chip Tuttle
Boston
Organization of the Petroleum Exporting Countries
OPEC
Glickman names two Iowans to biotech panel
Agriculture Secretary Dan Glickman appointed Neil Hart and Charles Johnson to a 38 member advisory panel on genetically engineered crops. The group includes Monsanto and DuPont executives, farmers, scientists and consumer advocates with first meetings set for March 29-30 in Washington.
MENTIONED IN THIS ARTICLE
Washington
Neil Hart
Iowa State University Ag
Charles Johnson
Pioneer Hi-Bred International
DuPont
Department
Tom Harkin
Agriculture
Dan Glickman
Dennis Eckart
Ohio
Iowa State University
USDA
Eckart
Glickman
Monsanto Co
General Mills Inc
The
Environmental Defense Fund
Organic Farming Research Foundation
Consumer Federation
Keebler to Acquire Austin Quality Foods for 250 Million
Keebler Foods Co announced plans to buy Austin Quality Foods Inc a Cary North Carolina based producer of Zoo brand animal crackers and bite sized cheddar crackers for 250 million. The privately held firm employs over 1200 and the deal should close in February. Sam Reed Keebler CEO notes the acquisition will add Austin lines and manufacturing capacity.
MENTIONED IN THIS ARTICLE
Elmhurst, Ill
Keebler Foods Co
Austin Quality Foods Inc
Austin
Cary
N.C
Keebler
Sam Reed
Elmhurst
Ill
Also Mentioned on This Page
Dow
Archer Daniels Midland Co
ADM
Cedar Rapids
Pioneer
Pioneer Hi-Bred International Inc
Des Moines
U.S. Court of Appeals
U.S. Court of Appeals For
Federal Circuit
Iowa Farm Supply Company
Pioneer Brand
Pioneer Hi-Bred
DuPont Company
Djia
BizFacts
Worldwatch Institute
Eagle Ridge Plaza
Eagle Ridge Dr
Marion
Dairy Queen
Cost Cutters
Landmark Development of
Skogman Commercial Group
James Jemison
Associated Press
Lowans
Biotech
National Academy of Sciences
N. Carolina
Entrepreneurial
Kirkwood’s
Trac
Deposit
Collins Community Credit Union
NCAA
42Nd St. NE
ISO
14Th Ave
1St Avenue
1St Ave
35Th Street
35Th St
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