Tech Stocks Drag Market as Inflation Cools
Technology shares led a broad market slide with major names posting gains elsewhere as traders locked in recent advances. Wells Fargo profits rose 12 percent and HON Industries posted a quarterly earnings increase, while a Britax safety seat recall and Microsoft results influenced sentiment.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
New York Stock Exchange
NYSE
Iowa
Procter & Gamble
WorldCom
HON Industries
APAC
McLeodusa
Wells Fargo & Co
Wells Fargo
First Call
Thomson Financial
Norwest Corp
Gas price relief efforts lose momentum as prices fall
Iowa gas prices drop across the state with July surveys from AANA and DNR showing the largest monthly fall on record for unleaded regular. Cedar Rapids and Iowa City see bigger declines, while Gov Vilsack’s proposed ethanol coupon relief loses momentum. State officials note supply shifts and consumer psychology easing the crisis.
MENTIONED IN THIS ARTICLE
AAA
Cedar Rapids
Iowa City
Brent Siegrist
Iowa House
Tom Vilsack
Iowa
Intermec Expands R D Facilities In Cedar Rapids
Intermec Technologies plans a large expansion of its Cedar Rapids R and D operations. The 32 000 square foot center at 308 Sixth Ave SE opened in 1995 and will gain about 24 000 more square feet. About 60 engineers will be hired over two years to boost development and software resources. The company will remodel the main office at 550 Second St SE and vacate the manufacturing warehousing building by mid 2000.
MENTIONED IN THIS ARTICLE
George C. Ford
Intermec Technologies
Cedar Rapids
Intermec
Sixth Ave
Peter Pan Bakery
Thomas Miller
Miller
Second St. SE
Intermec Corp
Sixth Avenue SE
Third Street
Energy prices drive June inflation surge
Washington AP reports June consumer inflation jumped 0.6 percent driven mainly by a 5.6 percent rise in energy costs led by gasoline and natural gas. Ex energy and food, core inflation rose 0.2 percent as economists weigh Fed policy.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Alan Greenspan
Senate
Treasury
Washington
Labor Department
The Woodlands at Meth-Wick Opens with Private Rooms
Meth-Wick Community prepares The Woodlands a 65 bed nursing facility on Bren delwood Drive Cedar Rapids. Residents move in Aug 1 with 59 private rooms and three semiprivate rooms. Ribbon cutting 5 30 p m Thu at 1224 13th St NW Cedar Rapids open house 1 3 p m Sun.
MENTIONED IN THIS ARTICLE
Meth-Wick
the Woodlands
Brendelwood Drive
The
Woodlands
13Th St
Cedar Rapids
Robin Mixdorf
Meth-Wick Community
Also Mentioned on This Page
HON Industries Inc
HON
Jack D. Michaels
Britax
National Highway Traffic Safety Administration
Microsoft
Microsoft Corp
Wall Street
BizFacts
Paris
Toronto
Mexico City
Frankfurt
the .S
Siegrist
Ward Lenz
Lenz
Mary Lundby
Marion
State Government Oversight Committee
DNR
C.R. Intermec Corp
R&d
Everett
Wash
Development and
Kirkwood Community College
Mark Zandi
RFA Dismal Sciences
Federal Reserve
Fed
Tim O'Neill
Bank of Montreal
Harris Bank
CPI
New Meth-Wick Nursing Home
Cindy Giannini
Blairs Ferry Rd
Nameranspor
E Finance
At&t Corp
LucentTech
American Stock Exchange
Intel
Amex
Biotech
Standard & Foors Indust
Insurance
Indust
Aety Telecom
Transpt
Transport
Utilities
Associated
Cedar River
Mike Barrigar
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