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Cedar Rapids Gazette in Cedar Rapids, Iowa

07 Jun 2002

Page 18

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Cedar Rapids Gazette June 7, 2002 Page 18 old newspaper archives

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 07, 2002

Page

18

Wall Street slips on Merrill Lynch downgrade and weak retail sales

The Dow fell 172.16 points to 9624.64 and the Nasdaq dropped 40.38 to 1554.88 as chip maker downgrades and weak retailers weighed market hopes. Genencor rose while Kohl’s and Marsh & McLennan declined. Alcoa also slid. Lee Enterprises to buy Sioux City Journal for 60.3 million. Wells Dairy to build a 40 million ice cream plant in Utah. Candle recall in Hawaii due to fire risk. Freddie Mac reports mortgage rates easing with 30-year at 6.71 percent and 15-year at 6.18 percent. one year ARM at 4.71 percent.

MENTIONED IN THIS ARTICLE

Wall Street Merrill Lynch New York Stock Exchange Genencor Kohl’s Marsh & McLennan Alcoa Lee Enterprises Inc Sioux City Journal Hagadone Newspapers Lee Hagadone Montana Sioux City Freddie Mac ADM Aegon No Alliant Energy APAC Casey's Columbus McKinnon Commercial Federal Conexant Dillard's Fastenai Co Feathertite Fiserv General Mills Gillette Heinz Heartland Express HON Incl International Paper Keane Inc Kohl's Longview MACC N/C Maytag MCI Group McLeodusa Inc Nash Finch Pearson Penford Corp Pepsico Procter & Gamble Ralcorp RF Micro Devices Rockwell Collins Saks Inc Sealed Air Tanger Factory Terex Toyota Union Planters United Fire Anove U.S. Bancorp US. Cellular Verizon Wal-Mart Wells Fargo
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New voluntary pork checkoff aims to boost NPPC lobbying role

At the World Pork Expo in Des Moines NPPC leaders unveil a voluntary 10 cent per $100 hog value checkoff to fund advocacy. The NPPC arose after a court ordered split from the National Pork Board, which cannot lobby. Forty one producers already enrolled, with voting weight tied to voluntary funds.

MENTIONED IN THIS ARTICLE

Marlene Lucas Gazette Des Moines National Pork Producers Council NPPC Iowa State Fairgrounds National Pork Board Caspers NPB Hugh Dorming NPR Russellville Ark
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Forecast hog glut may depress prices at expo

Industry watcher Glenn Grimes warns a hot summer could curb weight gain and prompt producers to ship hogs to packing houses on schedule. He notes rising slaughter this year could push prices down, with potential impacts by year end. NPPC and meat industry groups are coordinating to avert oversupply.

MENTIONED IN THIS ARTICLE

Marlene Lucasne Des Moines Glenn Grimes University of Missouri
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Major online travel sites top behind the rest in fares study

Consumer Reports ranks Expedia Orbitz and Travelocity as best for price and ease of use among large sites while noting customer service impartiality and privacy concerns. It finds cheaper fares via smaller sites but warns many are non refundable and biased by carrier marketing.

MENTIONED IN THIS ARTICLE

New York Consumer Reports Expedia Orbitz Travelocity Cheap Tickets OneTravel Travel William McGee Consumer Reports Travel Letter
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Cooler weather dims May sales for major retailers

May sales faltered as unusually cool weather curbed demand for shorts and tees. Wal-Mart posted a 6.2 percent same store gain boosting the sector, while Kohl’s rose 8.7 percent and TJX gained 3 percent. Target rose 2.6 percent but Penney fell 5.1 percent and Sears dropped 4.4 percent.

MENTIONED IN THIS ARTICLE

New York Kohl's Corp TJX Cos. Inc Wal-Mart Stores Inc Wal-Mart Thomson Financial First Call
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AT&T begins talks with lenders to renegotiate $8 billion credit

AT T Corp starts talks with lenders to replace or renegotiate its $8 billion short term credit line after Moody s downgrades its rating toward junk status. Officials say the move aims to avoid cash flow shortfalls from the Comcast cable sale and ensure funding for the fall merger.

MENTIONED IN THIS ARTICLE

At&t Moody’s Investors Service Securities and Exchange Commission Comcast Eileen Connolly
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Also Mentioned on This Page

Nasdaq Wells’ Dairy Wells’ Dairy Inc Utah Honolulu Island Soap & Candle Works U.S. Consumer Product Safety Commission Cedar Rapids Iowa City AP Stockquote Local Idea United States World Jon Caspers Swaledale U.S John Humker Decorah Humker Tom Gilmour Orangeville Ill Marlenel U.S. Department of Agriculture Grimes Canada USDA Ers Council American Meat Institute Clude Keith Berry Indiana TJX Target Corp J.C. Penney Co. Inc Penney Sears At&t Corp At&T’s Iowa The Cedar Rapids Area Convention and Visitors Bureau Cedar-Rapids.com
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