Wall Street Falls as Earnings Worries Intensify
Stocks slid for a second day amid worries over second-quarter results and Bush’s fraud penalties. Dow Jones fell 178.81 to 9,096.09 while Nasdaq lost 24.49 to 1,381.12. P&G raised dividends for the 47th straight year, boosting to 41 cents quarterly. Farm Bureau Mutual Insurance merges with Kansas unit in a West Des Moines based consolidation. A value-added agriculture grant program will be described at Maquoketa meeting with up to 500000 in grants for independent producers.
MENTIONED IN THIS ARTICLE
Bush
New York Stock Exchange
Pepsico
Procter & Gamble
Weyerhaeuser
Farm Bureau Insurance Co
Nebraska
Kansas
Farm Bureau Mutual Insurance Co
West Des Moines
Bryce Neidig
Nebraska Farm Bureau
Jackson County
Maquoketa
Tom Miller
U.S. Department of Agriculture Rural Development Cooperative
Miller
USDA
Furdev
Usda.gov
WorldCom CFO tried to delay audit and inflight probes
WorldCom fired CFO Scott Sullivan sought to delay Cynthia Cooper’s review of accounting discrepancies after she flagged transfers. The company disclosed nearly 4 billion dollars of capital expenses masquerading as costs. SEC and DOJ probes continue as Sullivan invokes the Fifth Amendment.
MENTIONED IN THIS ARTICLE
WorldCom
Jackson
Miss
WorldCom Inc
Scott Sullivan
Sullivan
Securities and Exchange Commission
SEC
Cynthia Cooper
Cooper
Andersen
Justice de
Chop House to Open at Teddy's Site in Cedar Rapids
Kory Nanke and Chad Jones plan a full service Cedar Rapids Chop House at 215 First Ave NE on the former Teddy's site. Opening Aug 15 with pork chops and steaks, lighter lunch options, pasta and salads, and lower priced dishes to broaden appeal. Leasing a five year term with renewals, and tying Brick's Restaurant & Bar into the venture.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Teddy’s
First Ave
Kory Nanke
Chop House
Nanke
Teddy's
Brick’s Res
Mark Ch
Chad Jones
Teddy
Soft economy to cap salary increases in 2008
The soft economy and weak job market push pay raises to about 3.7 to 4.1 percent for 2008, lower than the traditional 4 percent. Surveys by the Conference Board and Mercer Human Resource Consulting show employers delaying 4 percent targets but hint at modest tightening later.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Greenspan keeps stocks out while wife diversifies
Federal Reserve Chairman Alan Greenspan maintains a no stock stance, keeping all investments in Treasury securities and money market funds during the last year’s recession. His holdings total an estimated 8 million to 6.2 million, with four assets of 500 000 to 1 million each in Treasury bills via CIBC Oppenheimer. Andrea Mitchell, Greenspan’s wife, owns stocks including Abbott Laboratories and holdings valued at 1.1 million to 2.6 million, plus a GE 401(k).
MENTIONED IN THIS ARTICLE
Partment
House
WorldCom
Bert Roberts
Andersen
Melvin Dick
Sullivan
House Financial Services Committee
Washington
Federal Reserve
Alan Greenspan
Fed
Treasury
Greenspan
Cibc Oppenheimer Corp
NBC
General Electric
Abbott Laboratories
Mitchell
Kimberly Clark Corp
Estee Lauder
H.J. Heinz Co
McDonald's Corp
Mondanaro expands with Bikram Yoga in Coralville growth push
Local entrepreneur Jim Mondanaro, owner of Mondo’s eateries in Iowa City and Coralville, opened a 3,664 square foot Bikram Yoga studio at 250 12th Ave Coralville. He eyes Cedar Rapids expansion and plans a prominent downtown or Edgewood Road restaurant site. The Bread Garden and several Mondo’s venues anchor his growing portfolio.
MENTIONED IN THIS ARTICLE
Gazette
Jim Mondanaro
Iowa City
Coralville
Mondo's
Mondanaro
Bikram Yoga
South Clinton Street
Coral Ridge Mall
Cedar Rapids
12Th Ave
Bikram Choudhury School of Yoga
Monda’s
S. Clinton St
Micky’s
S. Dubuque St. Givannis
E. College St
Bread Garden
Mondo’s
Second St
Also Mentioned on This Page
Procter & Gamble Co
Consumer Products Company
P&g
Farm Bureau Insurance Companies
AP Stockquote
Local
Arthur Andersen LLP
Telecom
C.R. Chop House
Dave DeWitte
Brick’s
2Nd Ave
Mercer Human Resource Consulting
East Iowa
McLeodusa Inc. i
ADM
McLeodusa (P
Mester
Aegon No
Alcoa
Moore
Alliant Energy
Nash Finch
APAC
Pearson
Bandag
Pentora Corp
Casey's
Columbus Mckinnon
Procter & Gambie
Commercial Federal
Qwes
Deere
Raicorp
Dillard's
RF Micro Devices
Gillette
Terex
Heartland Express
Toyota
Heinz Union Planters
HON Inc
United Fire
International Paper
Unova
Keane Inc
Bancorp
Koni’s
Cellular
Longview Fibre
Verizon
n/c
Wal-Mart
Marsh &McLennan
Aneient
Wells Fargo
Maytag Weyerhaeuser
Mol Group
WorldCom Cove
Third Avenue
Zoo
Des Moines
114Th Street
Clive
Viicapital.com
Me Vmf Capital
Luc
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Elijes
Chris Cook
Jon Augustine
Don Mears
Federal Reserve Chairman
C.R
By Frank Gluck
Edgewood Road
Westdale Mall
Frank Gluck
Franky
Fyiowa
Clancy
Wwe
Jeremich Fanny Farmer
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