Wall Street slides as Iraq fears weigh on earnings
Wall Street fell Tuesday with the Dow down 143.84 points to 8442.90 and the Nasdaq off 11.94 to 1364.25 amid profits from 3M and Ford and war fears. Intermec Technologies to cut about 12 Cedar Rapids positions at year end as part of cost controls. Treasury bills offered low yields with three month at 1.16 percent and six month at 1.19 percent.
MENTIONED IN THIS ARTICLE
Wall Street
Ford
Iraq
Dow
New York Stock Exchange
Intermec Technologies Corp
Cedar Rapids
Intermec
Cathy Anderson
Anderson
Treasury
Treasury Department
Maytag Sells Industrial Microwave Line to Ferrite Co
Maytag will sell its Amana Refrigeration industrial microwave division to The Ferrite Co. of Hudson New Hampshire as part of refocusing on the commercial microwave market. About 30 workers may transfer within Amana. sale value not disclosed and completion aims to finish existing orders.
MENTIONED IN THIS ARTICLE
The
Gazette Middle
Amana
Maytag Corp
Maytag
Jim Powell
Ferrite Co
Hudson, N.H
Powell
Ed Miller
Machinists Local 1526
Lawrence Horan
Parker/Hunter
Pittsburgh
Horan
David. Dewitte
Zazettacommunications
Housing starts rise 5 percent in December
Washington AP reports construction of new homes and apartments jumped 5 percent in December reaching 1.84 million annual units, the best pace since June 1986. November was revised higher to 1.75 million, with 2002 totaling 1.70 million units, led by single family homes at 1.36 million amid low mortgage rates boosting a 16 year boom.
MENTIONED IN THIS ARTICLE
Washington
Joel Naroff
Holland, Pa
Naroff
David Seiders
National Association of Home Builders
Housing starts dip as 30 year mortgage rates fall
Housing starts show rates for 30 year mortgages sliding from 7.14 percent at year start to 5.93 percent in the final week of December. The drop marks a record low for the benchmark.
Rockwell Collins names Kent Statler to SVP operations
Cedar Rapids based Rockwell Collins announces two senior moves. Kent Statler is named senior vice president of operations, moving from VP of manufacturing operations since January 2002. Herm Reininga shifts to senior vice president of special projects until retirement, retaining industry leadership roles and assisting with business integration.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Rockwell Collins Inc
Rockwell Collins
Manufac
Reininga
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Tota
C.R
Miller
Tommerce AP
Procter Gamble
Comel Fedi
Deere Co
Qwest Common Dillards Inc
RF Micro Devices
Fastenal Co
Raicorp Holding
Featherlite Inc
Fiserv
Saksine
Sealed Air
TA Genencor Intl Inc
Skyworks Solution
Gen Mills
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
US Cellular
Kohls Corp
Unova Inc
Macc Pro Eat
Verizon
Weyerhauser
Erbs Technology Solutions
Bowling St
Avaya
Herm Reininga
Kent Statler Operations
Anytime Cellular
Direct Connect
Nextel.com
Nextel
Nextel Direct
Sherman Road
Hiawatha
Global Wireless
Collins Road
Northeas
Lindale
Coralridge Mall
Coralville
S. Linn
Iowa City
2Nd St
Blairs Forest Way
Edgewood Parkway
Unicorn Wireless
Clocktower Plaza
Wireless One
Collins Rd
Proma
Nextel Partners, Inc
Nexte Communications, Inc
Motorola
U.S. Patent & Trademark Office
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