Wall Street logs first gain in a week on Oracle rally
The Dow rose 108.96 to 9796.80 and the Nasdaq climbed 17.14 to 1595.26 as tech shares widened a late-session rally after Oracle reportedly planned no fourth quarter earnings warning. Local stocks showed gains with Kohl's, Maytag, Deere, Toyota and Marsh & McLennan up.
MENTIONED IN THIS ARTICLE
Wall Street
Oracle
Dow
New York Stock Exchange
Kohl’s
Maytag
Deere
Toyota
Marsh & McLennan
ADM
Aegon N
Alcoa
Alliant ‘Gy
APAC
Bandag
Casey's
Columbus McKinnon
Commercial Federal
Conexan
Conexan 6.55 -0.42 Deere 46.91 +121 Dillard’s
Fastenal
Featherlite
Fisery
Genencor
General Mill
Gillette
Heartland Express
Heinz
HON Inc
International Paper
Keane Inc, Or
Kohl's
Longview Re
MACC
N/C
MC Group
McLeodussa Inc. (c
McLeodusa Inc
P) Mestek
Moore
Nash Fin
Pearson
Penford Corp
Pepsico
Procter & Gamble
Qwest
Ralcorp
RF Micro Devices
Rockwell Collins
Verizon
Wal-Martin
Wells Farg
Weyerhaeus
WorldGom Ab
WorldCom plans second round of mass layoffs
WorldCom Inc. aims to cut up to 16,000 jobs, about 20 percent of its global staff, in a second round this year as the company grapples with $380 billion in debt. The reductions could hit WorldCom and its MCI unit, with the exact locations not yet known.
MENTIONED IN THIS ARTICLE
WorldCom
MCI
Cedar Rapids
Iowa City
U.S
WorldCom Group
USA Today
Claire Hassett
Drake Johnstone
Davenport & Co
Richmond
John Sidgmore
Bernie Ebbers
Krispy Kreme to open first stores outside North America
Krispy Kreme announced plans to sell its hot doughnuts in Australia and New Zealand, marking the chain's first international venture beyond Toronto. The rollout aims for 30 stores in Australia over five years, starting in Sydney in March, then Melbourne and the eastern coast, followed by New Zealand. Hank Aaron will operate an Atlanta store opening June 25.
MENTIONED IN THIS ARTICLE
Winston-Salem
N.C
Krispy Kreme Doughnuts Inc
Australia
New Zealand
North America
Toronto
United States
King Hank Aaron
Atlanta
Aaron
Scott Livengood
755 Doughnut Corp
West End
Livengood
Buckhead
Borderless Australia Pty, Ltd
Krispy Kreme’s
John McGuigan
Sydney
Melbourne
Eastern Coast
Gazette
Jim Slosiarek
Cedar Rapids
Home Depot joins Labor Department to fill 40000 jobs
Labor Secretary Elaine Chao announced an alliance with Home Depot to recruit screen and refer job seekers to 1 800 career centers and train workers for positions from cashiers to managers. Home Depot plans 200 new stores this year and will hire across the country.
MENTIONED IN THIS ARTICLE
Home Depot Inc
Labor Department
Toys “R” Us
Citigroup
Elaine Chao
Provement Retailer
Cedar Rapids
Home Depot
IBP pays Nebraska 1.85 million to settle environmental suit
Nebraska Attorney General announces IBP Inc has paid 1.85 million as part of a 14 million settlement for alleged violations at the Dakota City plant. The funds go to Dakota County schools while IBP expands wastewater treatment and reduces ammonia and hydrogen sulfide emissions. Improvements slated for completion by summer 2003.
MENTIONED IN THIS ARTICLE
IBP
Nebraska
Lincoln, Neb
IBP Inc
Dakota City
Don Stenberg
U.S. Environmental Protection Agency
Dakota County
MidAmerican gets interim rate increase for natural gas
Iowa utility MidAmerican Energy will raise natural gas bills about 2.2 percent as an interim rate increase approved by the Iowa Utilities Board. The move, two thirds of the requested 3.3 percent interim hike, funds new equipment and maintenance. Residential customers see about $2.25 more per month, varying by service class and location. The interim rates run until a final IUB decision by January 15, with implementation as soon as practical.
MENTIONED IN THIS ARTICLE
Dave DeWitt
Gazette
MidAmerican Energy
Iowa Utilities Board
IUB
MidAmerican
Kevin Waetke
Waetke
Rob Hillesland
Iowa
Maple St
Des Moines
State
Protsch elected to head Iowa Business Council
Eliot Protsch of Alliant Energy will lead the Iowa Business Council, a group of top decision makers from 20 large firms. John Forsyth becomes vice chairman with Protsch set to succeed in 2003. The council aims to identify major state issues and help implement solutions while employing over 150,000 Iowans.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazex
Des Moines
Alliant Energy-Interstate Power and Light Co
Cedar Rapids
Iowa Business Council
Eliot Protsch
Protsch
Clay
Rockwell
Col
Liot Protsch
Iowa Business Cour Jones
Liis Inc
John Forsyth
Wellmark Blue Cross
Blue Shield
Iowa
Alliant Energy
Ameri
Also Mentioned on This Page
Farley
USDA
U.S. Department of Agriculture
Grain Inspection, Packers and Stockyards Administration
Carl M. Simon
Simon
Smithfield Foods
Smithfield Foods Inc
Russia
Smithfield
Thomson Financial
First Call
Deere & Co
Horicon
Wis
Moline
Telay Gr
AP Stockquote
Local
Sidgmore
America
Washington
Bush Administration
May
Missouri River
Justice Department
Can Family Insurance
Capstone Turbine Corp
George Ford
Georgef
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