Stocks End Mixed On Profit Taking, Dow Near 10,736
U.S. stock averages closed mostly lower as investors booked profits after a three day rise. The Dow slipped 79.73 to 10,735.57 while the Nasdaq fell 65.39 to 3,756.37. Home Depot announced a nationwide loan program for in store use with credit lines up to 30,000 and up to six months to repay. McDonald’s renewed Olympic sponsorship for 2001-2004, with a 50 to 60 million dollar four year deal amid IOC expectations of more sponsors and total program funding over 600 million.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Deere
General Mills
Worldcom
RF Micro Devices
McLeodusa
National Computer Systems
Fiserv
Conexant
Home Depot
U.S
McDonald's Corp
Salt Lake City
Athens
Greece
International Olympic Committee
McDonald's
Iowa recruiters lure Iowans home with Chicago reception
Iowa recruiters head to Chicago for a Midwest reception at the Hyatt to entice former residents to return. Gov Tom Vilsack is expected to attend. Bernie and Deanna Lettington recall moving back from California. Employers like Rockwell Collins and AEGON participate, with visitors from Seattle and Huntington Beach noting job opportunities and lower costs.
MENTIONED IN THIS ARTICLE
Bernie
Deanna Lettington
Los Angeles
Iowa Human Resources Consortium
Pacific Palisades
Iowa
Rockwell Collins
Bernie Lettington
Des Moines
Huntington Beach
Calif
Chicago
Hyatt Regency
Lettington
Cedar Rapids
Deanna
University of Iowa
Tom Vilsack
Linda Raid
John
Seattle
Consortium
Linda
Smartcareermove
Joe Drahozal
Priority One
Howard Johnson's makes last stand in home state
GREENFIELD MASS The 75 year old chain clings to one remaining Greenfield HoJo beside I 91 as others vanish from the East Coast. Patrons recall road trips with fond nostalgia while staff note loyal customers and shifting tastes as the franchise era wanes.
MENTIONED IN THIS ARTICLE
Bruce Jackman
Turners Falls
Mass
Howard Johnson's
Greenfield
Franchise Associates
Howard Johnson
Marilyn Viner
Milton Borofsky
Benton Development Group seeks three businesses for Benton County
Benton Development Group aims to attract three potential industrial developments. One prospect is a start-up manufacturing firm targeting a city of Vinton building, with 120 to 130 workers and plans for surrounding ground use. Urbana may host a start-up distribution firm employing 350 in a 900,000 square foot facility with 100 truck doors. A third project is an 80-acre seed production facility on Highway 30 corridor with an estimated cost between 30 and 40 million dollars.
MENTIONED IN THIS ARTICLE
Benton Development Group
Benton County
Katherine Ollendieck
The
Economic Development Organization
Vinton
Ments
Urbana
Iowa Department of Economic Development
Highway 30
WorldCom pays 3.5 million slammin g fine in FCC deal
WorldCom agreed to pay 3.5 million to settle FCC slamming charges. The consent decree reimburses customers who were switched without permission and covers back charges and rate differences. WorldCom says a few sales staff caused the incidents and expands its consumer protection program. The FCC says WorldCom had the most slam complaints last year with 2,900 reports.
MENTIONED IN THIS ARTICLE
Washington
WorldCom
Federal Communications Commission
Bernard J. Ebbers
FCC
Commission
Unilever confirms 20.3B purchase of Bestfoods
Unilever agrees to acquire Bestfoods for 20.3 billion dollars, creating the world’s largest food company. The deal includes about 4 billion in debt, and is valued at 73 dollars per share, about 11 percent above the original 66 per share bid. The merger could cut costs by up to 750 million annually and lift combined 1999 revenue to around 52 billion, topping Nestle.
MENTIONED IN THIS ARTICLE
New York
Bestfoods
Hellmann
Unilever
Nestle SA
Englewood
New York Stock Exchange
NYSE
Wall Street
Also Mentioned on This Page
Labor Department
Djia
BioFacts
Japan
Europe
Vpaul
By Dave DeWitte
HoJo
Howard Johnson Lodge
Borofsky
Carol and
Wesley Zimmer
Menasha, Wis
Carol Zimmer
Horos
Kathie Fahey
Zimmers
Fahey
Primus
Cedar River
Mike Barrigar
Ebbers
Treasury
MCI WorldCom
Buyout
Collins Community Credit Union
42Nd St
14Th Ave
1St Avenue
1St Ave
35Th Street
35Th St
Marion
NCUA
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