Markets Slip as Earnings Skepticism Lingers
Investors ended a second day of profits as Alan Greenspan gave a cautious take on the economy. The Dow fell 34.38 to 9094.59 and the Nasdaq declined 5.24 to 1747.97 amid heavy volume. IBM reported quarterly earnings of 97 cents per share on 21.6 billion in revenue. Winnebago Industries announced a 37 500 square foot expansion in Charles City adding 50 jobs at a cost of 3.9 million.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
New York Stock Exchange
Winnebago Industries, Inc
Charles City
Nigerians visit G R in exchange
Five Enugu administrators travel to Cedar Rapids for a seven day visit to Iowa Workforce Development. They will observe job orders from employers, unemployment claims processing, and shadow staff to learn U S approaches. A future exchange will send Iowa staff to Nigeria for evaluation and training under a Bureau of Educational and Cultural Affairs grant.
MENTIONED IN THIS ARTICLE
Dave DeWitt
the Gazette
Iowa
Cedar Rapids
Enugu
Nigeria
Iowa Workforce Development
Carlos Vega
Rockwell Collins
Cedar Rapids Area
United States
Vega
P&G explores sale options for Punica and Sunny Delight juice brands
Procter & Gamble says it is exploring options including a sale for its Sunny Delight and Punica juice brands. It hired Goldman Sachs to advise and may consider selling the brands as a group or as individual units while focusing on snacks and coffee growth.
MENTIONED IN THIS ARTICLE
Procter & Gamble Co
Cincinnati
Former bank teller returns to manage new Westdale office
Irma Wendt, a longtime Westdale Mall banker, becomes manager of Community Savings Bank’s new Westdale office in the former Wells Fargo location. She recalls opening Peoples Bank at Westdale, rising to assistant manager, and later working at Wells Fargo. The bank aims to grow deposits while rehabbing the mall’s banking presence.
MENTIONED IN THIS ARTICLE
Slosiarek
the Gazette
Irma Wendt
Community Savings Bank
New Westdale Mall
Cedar Rapids
Hillis
Polly Blood
Bloods
Wendt
Peoples Bank
Hillis Blood
New Westdale
George C. Ford
Westdale Mall
Peoples
Westdale
Wells Fargo Bank
Williams Blvd
Brian Brown
Wells Fargo
Community Savings
Mt. Vernon Rd
Robins Square Ct
Robins
Greenspan warns deficits threaten U.S. growth and jobs
Fed Chairman Alan Greenspan told lawmakers that substantial and excessive federal budget deficits drain private sector savings and crowd out corporate investment. He warned deficits over time will hinder productivity and limit the economy’s expansion and unemployment improvement.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
U.S
Fed
Greenspan
House Financial Services Committee
Heartland Express Quarterly Earnings Climb 13.7 Percent
Heartland Express reports a 13.7 percent rise in quarterly earnings ending June 30, driven by 21.9 percent revenue growth to 102.8 million. The increase reflects fuel surcharges and the June 2002 acquisition of Great Coastal Express, with earnings per share up to 25 cents and an improving operating ratio despite higher total expenses. The firm ends the quarter debt free with 163.5 million in cash and investments.
MENTIONED IN THIS ARTICLE
IBM Corp
Wall Street
IBM
Thomson First Call
the Gazette
Coralville
Heartland Express
Great Coastal Express
Cedar Rapids firm leads rail system pilot with BNSF
Cedar Rapids developed train control system selected for a 50 loco pilot on a 135 mile Centralia Beardstown Ill corridor. Wabtec Railway Electronics will install and test an onboard GPS aided system that warns engineers and can automatically brake if needed. BNSF officials say the test aims to boost safety and efficiency while railroads compete with trucking. Wabtec cites CSX testing success and cost savings from diesel use.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Burlington Northern and Santa Fe Railroad Co
Wabtec Railway Electronics
Centralia
Beardstown
Ill
Wabtec
Carl Ice
BNSF
Jeffrey Knott
CSX
Csx System Has Operated Very Successfully,” Knott
Stephen Graham
Graham
Germantown
Also Mentioned on This Page
Nasdaq
Winnebago
G.R
The
U.S. Department of State’s
Bureau of Educational and Cultural Affairs
Dewitte
Gazettecommnications
P&g
SciTyme
Iowa City
AP Stockquote
AMEX
George. Ford
Gazetts
Railroad Company
C.r.-Based
Pepsico
Columbus McKinnon
Procter Gamble
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Raicorp Holding
Featherlite Inc
Fiserv
Saks Inc
Sealed Air
Genencor Intlinc
Gen Mills
Skyworks Solution
Gillette Co
Tahger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Indis
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Unova Inc
Macc Pro
Davenport
NEN Mefowa Health Care
Pike
Northtowne Cycung & Fitness
Tains Ferry
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