Markets hold steady as investors wait for earnings clues
Wall Street failed to move decisively as the Dow slipped 2.84 to 10,646.97 while the Nasdaq rose 18.76 to 2,859.15. Eastern Iowa stocks showed mixed results with 17 gainers, 26 losers, and five unchanged. Conexant and Kohl’s rose while Maytag and RF Micro Devices fell. Microsoft said domain server issues caused temporary access problems across its Web sites including MSN and MSNBC.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Conexant
Kohl’s
Maytag
Microsoft
ADM executive arrested in $118k embezzlement scheme
Jerry D. Jones, 438, of Decatur, a senior marketing manager in ADM's Refined Oils Division, is charged with embezzling over $118,000 in 15 months. He allegedly created a fake company and submitted invoices ADM paid, with funds deposited to his personal account. He was arrested at ADM headquarters after a taped confession.
MENTIONED IN THIS ARTICLE
Archer Daniels Midland Co
Jerry D. Jones
Decatur
ADM
Jones
Macon
Lucent to Cut Up to 16000 Jobs in Major Restructuring
Lucent Technologies plans sweeping layoffs of up to 16,000 positions to trim annual costs by about 2 billion dollars. The move follows a year of mounting financial woes and a $1.02 billion loss from continuing operations in late 2000.
MENTIONED IN THIS ARTICLE
Lucent Technologies
Lucent
At&t
Qualex to close Hiawatha lab amid photos trend
The Qualex Inc. Hiawatha photo finishing lab will close March 28, affecting about 100 full and part time workers. Work will be moved to adjacent-state Qualex labs as one hour in-store processing expands, with severance packages offered and potential internal transfers.
MENTIONED IN THIS ARTICLE
Robb
Charles Smith
Eastman Kodak
Hiawatha
Qualex Labs
Smith
Iowa
Qualex
Hiawatha Lab
Linn Photo
Actava Group Inc
Seminar to help churches cut winter heating costs in Cedar Rapids
Churches United and Cedar Rapids utilities invite faith groups to a February 6 seminar at Westminster Church from 4 to 5 30 p m. The event covers energy conservation and low income assistance with speakers from the Center for Energy and Environmental Education at the University of Northern Iowa and energy audit expert Jenna Higgins Freese.
MENTIONED IN THIS ARTICLE
Christ Episcopal
Hogg
Center For Energy and Environmental Education
Univer
Sity
Iowa
Energy Star
Jenna Higgins-Freese
Higgins-Freese
Continental Northwest may bid for TWA assets
Continental Airlines signaled readiness to spend up to 400 million for TWA assets to let it fly as an independent airline. Northwest objects to American's bid. TWA seeks court approval of a 500 million sale to American Airlines.
MENTIONED IN THIS ARTICLE
Continental
Northwest
TWA
Houston
Continental Airlines
Trans World Airlines Inc
Northwest Airlines
American Airlines
Julia Bishop Cross
Ned Walker
The
Chronicle
Walker
Terra to reopen most fertilizer plants boosting U.S. output
Terra Industries plans to reopen most plants closed in December lifting U S fertilizer production. The company restarted Woodward and Verdigris in Oklahoma this week and the Sioux City plant on Jan 9 while Beaumont Texas remains idle and Blytheville Ark due for March rework. No layoffs occurred as staff stayed on for training and maintenance.
MENTIONED IN THIS ARTICLE
DES Moines
Terra Industries Inc
U.S
Sioux City
Mark Rosenbury
Oklahoma
Rosenbury
Beaumont
Texas
Qwest earnings rise 44 percent on strong data demand
Denver based Qwest Communications reports fourth quarter earnings up 44 percent to 270 million dollars or 16 cents a share as revenue reaches 5.02 billion. The results reflect the US West merger and show 23 percent of revenue from Internet and data services. For the year the merged firm earned 995 million dollars. The company guides 2001 revenue between 21.3 and 21.7 billion.
MENTIONED IN THIS ARTICLE
Denver
Qwest Communications International Inc
Qwest
US West
First Call
Thomson Financial
Internet and Data Services
Also Mentioned on This Page
Djia
Treasury
By Dave DeWitte
BizFacts
Prairiewoods Franciscan
Prairiewoods
God
Gazette
Kelly Etzel
Nancy Hoffman
Spirituality Center In
Delaware
Houston Chronicle
New York Times
Terra
Qwest Communications
Iowa City
Mike Capser
Kyle’s Framing & Gallery
4Th St
Marion
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!