Wall Street slides extend six week market rout
Investors pushed stocks lower for a six week downturn as concerns over corporate reporting mix. The Dow fell 102.04 to 9007.75 and the Nasdaq dropped 45.98 to 1357.82 with more decliners than advancers on the NYSE. Local stock moves included Maytag down to 39.79 Rockwell Collins at 25.22 and Ralcorp at 28.05.
MENTIONED IN THIS ARTICLE
America
New York Stock Exchange
Maytag
Rockwell Collins
Ralcorp
Iowa
McLeodusa
Aegon No
Mester
Moore
Alcoa Nash Finch
Alliant Enerov
APAC
Pearson
Bandayg
Pentord Corp
Casey's
Pepsico
Columbus McKinnon
Procter & Gamble
Commercial Federal
Qwest
Deere
Raicorp
Dillerd’s
RF Micro Devices
Fastenal Co
Feathertite
Saks Inc
Fiserv
Sealed Air
Genencor
Skyworks
General Mills
Tanger Factory
Ginette
Terex
Heartland Express
Toyota
Heinz
Union Planters
HON Inc
Wal-Mart
Marsh & McLennan
Wells Fargo
MCI Group
Weyerhaeuser WorldCom
Wilton nonprofit modular home builder shuts down
Wilton based Rural Housing Institute a non profit corporation that made modular homes for low and moderate income residents has shut down and begun orderly liquidation. Cedar Rapids attorney says it was unprofitable and cost structure poor due to slow economy.
MENTIONED IN THIS ARTICLE
Wilton
Wilton — Rural Housing Institute
John Titler
Cedar Rapids
Titler
RHI
Highway 38
MidAmerica Housing Partnership
MAHP
Oak Hill
Mary Schoen-Clark
EDS lays off 2000 workers amid WorldCom concerns
Electronic Data Systems said Tuesday it cut 2000 jobs representing 1.4 percent of its workforce to align with ongoing contracts. The cuts hit North America hardest as Moody's reviews EDS's debt rating due to WorldCom exposure while the shares recover from a $9 billion drop.
MENTIONED IN THIS ARTICLE
Plano, Texas
Electronic Data Systems Corp
EDS
North America
Richard Brown
WorldCom Inc
World
Whirlpool recalls 17 000 washer dryer combos over fire risk
Whirlpool Corp recalls about 17 000 combination washer and gas dryer units after two overheating reports. The recall covers Whirlpool Compact Thin Twin LTG5243D series, Kenmore Laundry Center models 110.9875 and GE Unitized Spacemaker WSM2480TBAWW and WSM2480TCAWW with specific serial prefixes. Call 1-866-251-1607 for free in home service.
MENTIONED IN THIS ARTICLE
Washington (Ap) Whirlpool Corp
Consumer Product Safety Commission
eKenmore Laundry Center
Bers
eGeneral Electric
WorldCom CEO Apologizes as Accounting Scandal Unfolds
WorldCom chief executive John Sidgmore blamed former executives for nearly 4 billion dollars in improper expenses and questioned founder Bernard Ebbers prior knowledge. He pledged cooperation with investigations, warned of possible layoffs, and aims to avoid bankruptcy while stock faces delisting.
MENTIONED IN THIS ARTICLE
Washington
WorldCom Inc
Arthur Andersen
John Sidgmore
WorldCom
Bernard Ebbers
Sidgmore
National Press Club
SEC
Bush
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Ford
Chrysler
General Motors Corp
Ford Motor Co
Chrysler Group
U.S
DaimlerChrysler AG
US Airways
Arlington, Va
Association of Flight Attendants
Afl-Cio
Dell Computer
Dell Computer Corp
Round Rock
Texas
Iowa City
AP Stockquote
Local
Third Avenue
Des Moines
Sixth Street
Clive
Ifcapital.com
Me Vmf Capital, LL
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Eltjes
Chris Cook
Jon Augustine
Don Mears
MCI
At&t
Harvey Pitt
Securities and Exchange Commission
Cenex Harvest States Cooperatives
MCC
Okeene Ae
CHS Cooperatives
Chsstock.com
Cenex
Inver Grove Heights
Sumner Harrington Ltd
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