Market Mixed As Gains Fade On Recovery Doubts
Stocks edged higher but gains were slim as investors weighed signs of a delayed economic recovery. The Dow rose to 9,865.75 and the Nasdaq to 1,943.91 while Weyerhaeuser and Heartland Express gained, Nash Finch fell, and Bandag declined. The FAA proposed a 900000 dollar penalty against American Eagle for hazardous cargo handling in 2000. Tyson Foods posted solid first quarter earnings on higher sales but forecast weaker second quarter. The Iowa Soybean Association dropped sponsorship of major contests and Treasury auction results showed higher yields across three and six month bills.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Weyerhaeuser
Heartland Express
Federal Aviation Administration
American Eagle Airlines
FAA
American Eagle
Federal Express
Associated Press
Tyson Foods Inc
IBP Inc
Wall Street
Tyson
Treasury
Treasury Department
Stock Quote Briefs From AP Hotline
Local stock quotes from the AP stockquote hotline cover NYSE AMFX and NASDAQ listings with brief price moments. Investors note intraday movements and ticker activity as markets fluctuate through trading hours.
MENTIONED IN THIS ARTICLE
AP Stockquote Hotline
Nyse
AMFX
Nasdao
Record set for new home sales in 2001
The Commerce Department reports a record 900000 new single family homes sold in 2001, up 2.6 percent from 2000 and surpassing 1998. Low mortgage rates and builder incentives helped buoy demand amid recession and Sept. 11 shocks. existing home sales also reached a record 5.25 million.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Constellation
Joel Naroff
Naroff Economic Advisors
National Association of Realtors
David Seiders
National Association of Home Builders
Toys R Us to close 64 stores in cost cutting plan
Toys R Us will eliminate about 1 900 jobs, close 64 U S stores, and consolidate support services to boost profits. The plan, tied to remodeling costs and weaker earnings, includes a 213 million pretax charge and expected 25 million in pretax earnings in 2002, rising to 45 million annually from 2003.
MENTIONED IN THIS ARTICLE
Toys R Us
Cedar Rapids
U.S
Trenton
N.J
Toys R Us Inc
Wal-Mart Stores
New York Stock Exchange
Qwest halts customer info share plan amid complaints
Qwest Communications scrapped plans to share customer data across divisions after complaints from customers and regulators. CEO Joseph Nacchio said the company will wait for FCC rules before pursuing another approach and will notify its 12 million local customers that their information will not be shared.
MENTIONED IN THIS ARTICLE
Denver
Qwest Communications International Inc
Joseph Nacchio
Federal Communications Commission
Nacchio
Qwest
M&M maker seeks new color by public vote
Masterfoods USA will add purple pink or aqua M M s by August after market research shows these colors as top consumer choices to supplement red green blue yellow brown and orange. Bob Gamgert says 10 million voters favored blue over tan in 1995 and people can vote on mms com or toll free at 1 877 MM GLOBE.
MENTIONED IN THIS ARTICLE
Newark
N.J
M&M’s
M&m's
Bob Gamgert
Vice Presi
Masterfoods
Mms.com
Mount Mercy Plans Career Fair at Cedar Rapids Campus
Mount Mercy College invites employers to exhibit in a March 5 career fair from 1 to 4 30 p m at Hennessey Recreation Center Cedar Rapids. The event targets Mount Mercy Coe Cornell and Kirkwood students seeking full and part time jobs internships and summer positions.
MENTIONED IN THIS ARTICLE
the Gazette
Hennessey
Mount Mercy College
Cedar Rapids
Barb Mussman
Mount Mercy
Coe
Cornell
Kirkwood
Jill Anderson
Life Investors Insurance Company of America
Aegon Insurance Group
AFLAC
Allied Insurance
American Red Cross
ARC of East Central Iowa
Cargill
Cigna Retirement Benefits Services
Covenant Health Systems
Deloitte & Touche
Four Oaks
Gazette Communications
GC Services
Girl Scouts of the Mississippi Valley
Great America Leasing
Iowa Department of Public Safety
Kgan TV
Life Investors Insurance
MCI WorldCom
McLeodusa
Mercy Volunteer Corps
New York Life Insurance Co
St. Luke’s Hospital
U.S. Army
YWCA
Northwestern Mutual Financial Network
Mussman
Dynegy to buy Enron gas pipeline Northern Natural
Dynegy plans to acquire Enron's Northern Natural Gas Pipeline by week’s end for 1.5 billion, taking on about 750 million in debt and a 23 million excise fee. The 16 500 mile system serves 140 Iowa staff and 17 000 miles nationwide. Analysts say the purchase adds profitability to Dynegy's trading network.
MENTIONED IN THIS ARTICLE
Houston
Dynegy Inc
Enron Corp
Dynegy
Steve Stengel
Enron
Northern
Iowa
Omaha
Neb
United States
West Texas
Great Lakes
Northern Natural Gas
John Olson
Sanders Morris Harris
Olson
Also Mentioned on This Page
Soybean Group
Iowa Soybean Association
Iowa Master Corn and Soybean Growers
David Wright
Iowa Crop Improvement Association
Djia
Iowa City
Federal Reserve
Alan Greenspan
Gual
Department of Commerce AF
Azette
Waterloo
Louis Lipschitz
Qwest Wireless
Qwest Dex
M&m Maker
M&m
Mount Mercy Plans Career Fair
Enron Gas
Munson Electric, Inc
QuickBooks
P.O
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