Investors push stocks lower amid fears and earnings news
Uncertain trading drove the Dow down 45.64 to 10 163.16 and the Nasdaq to 1 912.71 as fears over terrorism oil prices and rates weighed on investors. A federal EEOC suit accuses Maytag of age discrimination in demoting 13 of 22 regional sales managers in 1999. Wholesale prices fell 0.3 percent in June while factory output declined 0.3 percent. Mortgage rates slipped with 30-year at 6.00 percent and 15-year at 5.40 percent.
MENTIONED IN THIS ARTICLE
Richard A. Dickson
Lowry
New York Stock Exchange
Maytag Corp
U.S
Equal Employment Opportunity Commission
Maytag
Lynne Dragomier
Newton
Freddie Mac
Gazette
News Service
United States
Klpool
Iowa
APAC
McLeod USA Pt
Aegon NV
McLeod USA
Alcoa Inc
Mestek
Alliant Energy
Nash Finch
Arch Dan Mid
Pearson PLC
Bandag Inc
Pentord Corp Casers Gen Store
Fiserv
Rockwell Collins
Genencor Intl Inc
Saks Inc
Gen Mills
Sealed Air
Skyworks Solution
Gillette Co
Tanger Factory
HMI Corp
Heartland Exp
Terex Co
S Wells Fargo & Co
Marsh & McLennan Weyerhauser
Iowa Telecom expands rural network with $110 million upgrade
Iowa Telecom plans a $110 million Connect Rural Iowa modernization to bring high speed Internet and fiber upgrades to rural communities by mid-2005. DSL service will reach Lone Tree Solon Hopkinton and smaller towns with new features including busy redial call blocking and caller ID. An $150,000 switch upgrade in Sigourney enables these features for 622 prefix users as regulators tie funding to system modernization.
MENTIONED IN THIS ARTICLE
the Gazette
Iowa Telecom
Iowa
Dan Eness
Lone Tree
Solon
Hopkinton
Sigourney
Eness
Iowa Utilities Board
Alliant touts new wall's efficiency
Alliant Energy unveils the PowerHouse home in Newton using Zero Net wall technology. Expansive polystyrene panels with fiber reinforced concrete yield an estimated 60 to 70 percent greater energy efficiency, replacing traditional wood framing in exterior walls. The 3,030 square foot house features heat recovery, floor used hot water heat, EconoMizer air exchanger, and is open for tours starting July 24.
MENTIONED IN THIS ARTICLE
Alliant Energy
Newton
Des Moines
Gazette
Iowa
Zero Net
John Trickle
Kim King
Alliant
South 12Th Ave. W
Allianz
King
Maytag stock sinks to 52-week low amid competition worries
Analysts question Maytag Corp's ability to compete as higher interest rates curb demand and rivals shift production to Mexico. Prudential's Nicholas Heymann notes pressure from low-cost producers, with Maytag outsourcing 17 percent of products by next year and expanding manufacturing in Mexico and Korea.
MENTIONED IN THIS ARTICLE
Maytag
Ralph Hake
Samsung
Daewoo
Mexico
Iowa unemployment holds steady in June
Iowa's June unemployment rate held at 4.3 percent with non farm employment up 2,100 from May, while total jobs fell by 7,900 to 1,553,400. Education and health services added 2,900 positions, but professional and business services shed 1,200, largely in temporary help. Cedar Rapids and Iowa City saw rises in jobless rates to 4.8 and 3.8 percent respectively.
MENTIONED IN THIS ARTICLE
Iowa
Richard Running
Running
Iowa Policy Project
Independent
Peter Fisher
Ann Wagner
Cedar Rapids
Iowa City
Nicole Stewart
Adecco
Stewart
PepsiCo posts 12 percent rise in second-quarter earnings
PepsiCo reports Q2 earnings of $1.06 billion 61 cents per share up from $944 million 54 cents. Revenue climbs 8 percent to $7.07 billion as overseas and beverage sales offset declines in snacks cereal rice and pasta. Fri to Lay unit shows modest growth. shares fall to $51.92 after earnings.
MENTIONED IN THIS ARTICLE
New York
PepsiCo Inc
N.Y
PepsiCo
Frito-Lay
Pepsi- Co
New York Stock Exchange
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Nasdaq
Federal Reserve
Labor Department
Dave DeWitt
Lavid
Dewitte
Gaz
AP Stockquote
New Wall
By Dave DeWitte
LABOR
Dave DeWitte
Gacette
Iowa Workforce Gazette
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