BT MCI merger in doubt after loss forecast doubles
British Telecom and MCI face pressure to renegotiate as MCI projects local service losses near 800 million dollars this year doubling prior estimates. Shares fell with analysts deeming the $27 billion deal too pricey though approvals remain.
MENTIONED IN THIS ARTICLE
London
British Telecommunications PLC
MCI Communications Corp
MCI
British Telecom
New York
U.S. Justice Department
U.S
Mike Styles
Credit Lyonnais Laing
Dow posts modest gain amid easing inflation signs
The Dow Jones Industrial Average rose 35.06 to 7921.82 after a pullback from a 68 point surge. The week ended up 26.01 as rates cooled and inflation signals improved while trading volume neared 510 million shares. Eastern Iowa stocks mixed with gains for AEGON HON Western Atlas and GE, but MCI Communications fell 7% to 35.
MENTIONED IN THIS ARTICLE
Dow
Dow Jones
New York Stock Exchange
Eastern Iowa
AEGON
HON Industries
Western Atlas
General Electric
MCI Communications
Nestle workers approve new contract ending Illinois strikes
Nestle plants in Waverly and Jacksonville Illinois approve a new contract to end a strike that began June 12. Waverly voters pass 237 to 75 and Jacksonville 81 to 54. Workers return to duty at midnight Sunday. Union reps decline to discuss contract terms.
MENTIONED IN THIS ARTICLE
Nestle
Waverly
Jacksonville
Ill
Teamsters Local 650
Teamsters Local 916
Hall’s Home Furnishings marks 95 years with open house
Hall’s Home Furnishings at 1618 Collins Rd NE celebrates 95 years in business with an open house Sunday from 1 to 5 pm. The Ottumwa origin traces to 1902 founder Fred Hall and the Cedar Rapids expansion and name change in 1970 to Hall Home Furnishings.
MENTIONED IN THIS ARTICLE
Hall-Ekfelt
Cedar Rapids
Hall Home Furnishings
Karen Koontz Parker
Beech 1900 wing parts inspected after flap failures
Federal safety investigators urge Beech 1900 inspections and Piper Tomahawk training changes until tests confirm safety. NTSB notes four Beech 1900 flap malfunctions causing sudden roll, FAA preparing response to recommendations.
MENTIONED IN THIS ARTICLE
National Transportation Safety Board
Federal Aviation Administration
The
Safety Board
Winneshiek County Fair Queen crowned in Decorah
Joy Wenthold of Ossian was named Winneshiek County Fair Queen after a week of showing steers and extensive 4-H projects. Her family, including sister Jackie a former queen, supports a busy fair season with livestock, photography, baking, and clothing displays. The fair runs with free admission and events from a 7 a.m. fun run to the evening truck and tractor pull.
MENTIONED IN THIS ARTICLE
Sarah Strandberg
Decorah
Joy Wenthold
Ossian
Winneshiek County
Wenthold
Jackie
Mount Mercy College
Cedar Rapids
Mary Jane
Donella Darrington
Patrick
Melissa
Andrew
Darrington
Steve
Andy
Upper Iowa
Parsons Technology layoffs yield rapid local rehiring
Cheryl Stone of Cambridge Careers says 52 percent of the 120 Parsons Technology alumni contacted after a May layoff found jobs within five weeks and 20 percent had offers, with 20 percent not seeking new work. About 30 firms, including Cedar Rapids companies, sought to interview the workers.
MENTIONED IN THIS ARTICLE
Cheryl Stone
Cambridge
Parsons Technology
Intuit Inc
Menlo Park
Calif
Parsons
Omnilingua Partners With DLG for Global Software Localization
Cedar Rapids firm Omnilingua and Dublin based DLG Software Services sign an agreement to provide internationalization and localization for software, digital audio, CD ROMs and web content. Clients will work with Omnilingua managers as DLG handles testing analysis and debugging to ensure precise, error free translations.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Dublin
Ireland
Omnilingua
First St. NW
DLG Software Services Ltd
Mark Sellergren
DLG Software Services
DLG
Sellergren
Cool spring to boost winter wheat yields in Plains
The USDA projects a 20 percent rise in winter wheat output to 1.78 billion bushels driven by a record 42.8 bushels per acre. Soybeans up 11 percent to 2.7 billion bushels while corn falls 4 percent to 9.7 billion. Prices set between 5.40 and 6.60 for wheat and 2.30 to 2.70 for corn.
MENTIONED IN THIS ARTICLE
Washington
Plains
Agriculture Department
Terry Young
Great Bend
Kan
USDA
U.S
Also Mentioned on This Page
U.S. Federal Communications Commission
ConAgra
Philip Fletcher
ConAgra Inc
Bruce Rohde
Fletcher
Rohde
Bj’s Wholesale Club
Bj’s
Maine
Rhode Island
Connecticut
Massachusetts
New Hampshire
New Jersey
Pennsylvania
Maryland
Virginia
Florida
Weknet
Wyoming
C.r.’S
Dave Ayers
Clancy
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