Tech stocks rise on bargain hunting amid Knight Trading probe
Bargains lifted tech shares while markets fell on news of another government probe into Knight Trading. The Nasdaq rose 15.56 to 1578.12, the Dow slipped 21.95 to 9687.84 with local stocks like Toyota, Rockwell Collins and U S Cellular lower. Local meetings on a new farm bill led by Sen. Harkin were announced for Iowa locations in Cedar Rapids Bettendorf and West Burlington. Lands End won a license to produce MLB logo apparel through 2004. Northwest pilots ratified a one year contract extension with pay raises. Apple launched the eMac for consumers, echoing demand from education channels.
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Knight Trading
Toyota
Rockwell Collins
U.S. Cellular
Tom Harkin
Iowa
Southeastern Community College
Little Theater
West Burlington
Scott Community College
Bettendorf
Kirkwood Community College
Washington Hall
Cedar Rapids
Harkin
Senate Agriculture Committee
Northwest Airlines
Air Line Pilots Association
Northwest Management
ALPA
Qwest Ignored Reports Of Interconnection Deals In Iowa
The Iowa Utilities Board found Qwest Communications improperly failed to report interconnection agreements with McLeodUSA and Covad for a case sparked by AT&T. Qwest was ordered to disclose any additional undisclosed deals within 60 days or face civil penalties. The company argues the ruling is part of AT&T efforts to block its Iowa long distance entry.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Iowa Utilities Board
Qwest Communications
McLeodusa Inc
Covad Communications Corp
Qwest
At&t Corp
At&t
Iowa
Minnesota
FCC
Sadler
Rob Hillesland
Qwest shareholders reject exec pay limits at Dublin meeting
Shareholders vote down two proposals restricting top exec compensation and pension bonus calculations at Qwest Communications International. Only 27 percent backed severance-approval and 39 percent supported pension-growth limits, both short of the 51 percent needed.
MENTIONED IN THIS ARTICLE
Qwest Communications
Dublin
Ohio
Qwest Communications International Inc
Qwest
Institutional Shareholder Services
US West
Association of US West
Harvey Hoffman
Denver
Midwest rebound seen with inflation rising soon
A nine state survey shows the Midwest economy improving for a fourth straight month with a May growth index of 57.9 while job creation lags and inflation concerns rise. Iowa index sits at 62.6 as export orders improve and steel prices push costs higher. experts expect inflation to rise and Fed action by August.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Midwest
Ernie Goss
Creighton University
Goss
Iowa
Federal Reserve
Howard R. Green opens Moline engineering office
Cedar Rapids based firm expands into Quad Cities with a new Moline office at 1515 Fifth Ave Heritage Place Suite 102. The seven offices include Des Moines Iowa City St Paul and Sioux Falls. The move aims to serve Illinois clients with full architecture and engineering services.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Northeast Iowa farmers push third ethanol plant plan
Golden Grain Energy raises 460000 in equity to develop a New Hampton area ethanol plant. A 17 member board interviews contractors and engineers to design a facility producing 15 to 40 million gallons yearly with potential sites including New Hampton Charles City Cresco and Mason City. Shares will be offered to farmers and nonfarmers. Construction cost is undetermined.
MENTIONED IN THIS ARTICLE
NEW Hampton
Iowa
Golden Grain Energy
Alan McGregor
Charles City
Cresco
Mason City
McGregor
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Lands’ End
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Apple
Apple Computer Inc
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Local
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Covad
Commission
McLeod- USA
Michael Sadler
Arkansas
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Missouri
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Moline
Howard R. Green
Howard R. Green Co
Davenport
Environmental Protection Agency
West
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U.S. Postal Service
Fulton
Morrison
Geneseo
Ill
Howard R. Green Company
White
Michael Daniel
David Dechant
Mark Mueller
Farmers Plan
Congress
Jerry K. Ask
Investment Services of
Kelly D. Ste
Renre
Princer Financial Services Corp
SIPC
Jerry K. Ask Investment Services
Princor
Management
Third Avenue
Des Moines
114Th Street
Clive
Itcapital.com
Me Vmf Capital, LLC
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Elijes
Chris Cook
Jon Augustine
Don Mears
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