Wall Street mixed as Dow gains while Goss trims jobs
Stocks rose modestly with the Dow up 71.11 to 11 061.52 and the Nasdaq 6.49 higher to 2 155.93 as volume neared 1.18 billion shares. Goss Graphic Systems plans a 25 percent staff cut at Westmont headquarters, with Cedar Rapids plant already shedding 150 jobs in February. Kevin Boyd leaves Iowa City Chamber role to return to college. Nash Finch expands military commissary distribution boosting revenue by 60 million. Agriculture program to pay farmers to restore up to 500 000 Midwest wetlands across six states starts registration with 100 000 Iowa acres cap.
MENTIONED IN THIS ARTICLE
Wall Street
Iowa
U.S. Cellular
Goss Graphic Systems Inc
Americas
Westmont, Ill
Cedar Rapids
Goss
Agriculture Department
Minnesota
Montana
Nebraska
North Dakota
South Dakota
Amex
Banks
Biotech
Computer
Finance
Indust
Insurance
Telecom
Transport
New Post
Associated Press
NEW York Stock Exchange
Astho GeniElec
WillmsCom
LucentTech
Citigroup
American Stock Exchange
Cisco
Oracle
Sun Micro
Indus
Standard & Poor's Indus
Ah Transat
Santa Monica
Calif
Treasury bill rates fall in Monday auction
Short-term Treasury rates eased as the Treasury sold 12.5 billion in three month bills at a discount rate of 3.590 percent and 10.5 billion in six month bills at 3.520 percent. The deeper implied yields were 3.671 percent for the three month bill and 3.634 percent for the six month bill.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Rockwell Collins to become independent June 29
Rockwell Collins will spin off from Rockwell International and trade as COL on the NYSE. About 17 500 employees, Cedar Rapids base, revenue projected at 2.9 billion this year. The firm secured 1 billion in revolving credit and announced its new board led by CEO George Jones.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Rockwell Collins
New York Stock Exchange
J.P. Morgan Securities Inc
Collins
Standard & Poors
Clay Jones
Donald Beall
Rockwell International
Beall
Rockwell
Jones
Company
Joseph F. Toot Jr
The
Timken Co
Anthony J. Carbone
Dow Chemical Co
Richard J. Ferris
Doubletree Corp
Doubletree Partners
Coral Ridge Mall car store opens with exotic used cars
Coralville Chezik-Sayers Mitsubishi opened the Chezik-Sayers Auto Emporium in the former Paul Harris space. Four cars were sold over opening weekend, with staff noting strong turnout and plans to sell branded gear and test drives at the main dealership in Iowa City. The mall showroom is rented until July 15, and test drives must occur at the MorMon Trek Blvd. location.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Coralville
Coral Ridge
Chezik-Sayers Mitsubishi
Paul Harris
Chezik-Sayers Auto Emporium
Cheziksayers.com
Mormon Trek Blvd
Iowa City
Bell
Chezik-Sayers
Honda Mitsubishi
Coral Ridge Mall
Dragon Res taurant to reopen under new Cedar Rapids owner
Jun Ri Zhang, owner of Imperial Restaurant in Muscatine, bought The Dragon from Jack Wong, who retired after decades of service. The Cedar Rapids landmark at 329 Second Ave SE will keep its name, look, and menu with about six new dishes by the new owner, while the building remains under Wong’s ownership and minor changes are planned.
MENTIONED IN THIS ARTICLE
Pam Wong
Cedar Rapids
Jack Wong
Zhang
Wong
Second Ave. SE
Three new restaurants planned for Cedar Rapids Westdale area
Panera Bread Panchero's Fresh Mexican Cafe and an unidentified Italian restaurant will anchor Van Buren Village on Edgewood Parkway across from Westdale Mall. Panera will take 5,000 square feet Panchero's 2,500 square feet and the Italian 5,700 square feet. A second building offers 3,250 square feet for lease. Construction to begin this week with completion expected in fall.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Westdale Mall
Panera Bread
Panchero’s
van Buren Village
Edgewood Parkway
Banktown
Landmark Development Corp
Dan Hoeger
Landmark Development
Iowa City
Coralville
Lindale Crossing
Collins Road
First Avenue NE
Hoeger
Westdale
Applebee’s
Buffalo Wild Wings
Carlos O’kelly’s
Steak 'N Shake
Texas Roadhouse
Wendy’s
Rain Delays Soy Planting While Cutworms Dent Corn Replanting
Wet weather slows soybean planting with 73 percent done as of Sunday and Southeast and South Central districts lagging. Corn replanting continues for fields damaged by cutworms and areas flooded, with rain forecast delaying further replanting to June 10 and likely lowering yields.
MENTIONED IN THIS ARTICLE
East Central
Linn
Johnson Counties
Schmitt
Iowa
Virgil Schmitt
Iowa State University
Tipton
Also Mentioned on This Page
J.C. Chamber
Kevin Boyd
Nash Finch
Nash Finch Co
Econofoods
Cincinnati
Ohio
United States
Djia
BizFacts
Glass
Henan
Und States
Nad A
Catalyst
Collins Radio Co
Abercromt
Gazette
Miranda Meyer
Dragon
By Dave DeWitte
Shire-Hattery Inc
Knapp/ Warden
Nyse Index
By Marlene Lucas
Marienel
Fyiowa
Aed
Motorola
6Th Street
S.W
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