Wall Street Dips As Pharma And Tech Slump
A broad market selloff dragged the Dow 1.3 percent lower to 9517.26 and the Nasdaq 2.2 percent down to 1497.18 on Tuesday. Local stocks including Marsh & McLennan, Fiserv, Weyerhaeuser, Verizon, and A G Edwards fell, while AXA Financial and Alliance Capital disclosed large WorldCom holdings. Midwest Express rebrands to Midwest Airlines in 2003 as it adds jets, and Mediacom launches Online in several Iowa counties with priced plans.
MENTIONED IN THIS ARTICLE
Wall Street
Dow Jones
Dow
Marsh & McLennan
Fiserv
Weyerhaeuser
Verizon
A.G. Edwards
P Alliance Capital Management L.P
AXA Financial
WorldCom Inc
AXA
Securities and Exchange Commission
WorldCom
Alliance Capital
SEC
East Iowa
ADM
Aegon No
Alcoa
Alliant Energy
APAC
Casey’s
Columbus McKinnon
Commercial Federal
Conexant
Dillard's
Fastenal Co
Featheriite
General Mills
Ginette
Heartland Express
Heinz
HON Ing
International Paper
Keane Inc
Kont's
Longview Fibre
MACC
Mayteg
MC Group
McLeodusa Inc. (c
McLeodusa Inc (P
Mestek Moore
Nash Finch
Pearson
Penford Corp
Procteramible
Qwest
Raicorp
RF Micro Devices
Rockwell Collins
Saks Inc
Sealed Air
Tanger Factory
Terex
Toyota
Union Planters
United Fire
Unove
U.S. Bancorp
U.S. Celular
Wells Fargo
Rate difference tied to nuclear power in Iowa utilities
Iowa Utilities Board to hear Alliant Energy's 9.6 percent rate increase as differences in nuclear power versus coal costs drive higher Cedar Rapids bills. Analysts note nuclear power accounted for over 80 percent of regional cost disparities among former IP&L and Union Electric territories, with varying commitments to nuclear generation shaping rates.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Alliant Energy
Cedar Rapids
Burlington
Alliant
Interstate Power & Light
Ip&l
Iowa Utilities Board
Kirkwood Community College
Bob Latham
Hiawatha
Iowa Electric Light & Power
Duane Arnold
Palo
Union Electric
Fort Madison
Keokuk
Iowa Electric
Callaway
Interstate Power Co
Dubuque
Iowa Electric Light and Power Co
Iowa Southern Utilities Co
Centerville
IES Utilities Inc
Alliant faces fairness debate over rate equalization
Alliant Energy customers pressure for higher rates to be equalized after mergers. The company formed via Wisconsin Power & Light IES Utilities and Interstate Power Co. merging into Alliant Energy in 2002. Critics say pace of rate equalization was insufficient while spokesman John Ruff defends the merger benefits and equal treatment for all customers. Assistant Financial Editor David DeWitte can be reached at 319 398 8317 or davidd fyiowa.com.
MENTIONED IN THIS ARTICLE
Liant Energy
Wisconsin Power & Light
IES Utilities
Interstate Power Co
Alliant
Iown
Interstate Power & Light
Interstate Power & Ies Utilities
Alliant Energy
John Ruff
David DeWitte
Davidd
Younkers denied retrial of sex discrimination suit
Cedar Rapids woman Wilma McGrane, a 22 year Lindale Mall employee, won 116012 back pay and 165000 emotional distress at trial for sex discrimination. The Eighth Circuit upheld a reduced award and denied a new trial, rejecting arguments of insufficient evidence and excessive verdict.
MENTIONED IN THIS ARTICLE
DES Moines
Younkers Department Stores
Cedar Rapids
Wilma McGrane
Lindale Mall
McGrane
Kevin Visser
Visser
Younkers
Michael Melloy
Eighth Circuit Court of Appeals
Mondo's Bread Garden to Open in Coral Ridge Mall
Mondo's Bread Garden plans a new Coral Ridge Mall cafe at the north end of the food court. The site will mirror the downtown Iowa City bakery with fresh pastries, soups, sandwiches, and Ter rapin Coffee. opening slated for early July. Sprint PCS will occupy a 1100 square foot space nearby, with a July 1 opening.
MENTIONED IN THIS ARTICLE
Coralville Mondo's
Bread Garden
Coral Ridge Mall
Sprint Pcs
Goodfellar
Four Seasons
Mondo’s
Sara Barber
Jim Mondonaro
Mondo's
Mondo’s Bread Garden
Iowa City
Mondanaro
Cinnamonster
Micky’s
S. Dubuque St. Givannis
E. College St
S. Clinton St
Second St
Coralville
United States
IHOP plans Cedar Rapids restaurant near Westdale Mall
The International House of Pancakes begins a 4,000 square foot Cedar Rapids restaurant on Edgewood Road SW near Westdale Mall. The 134-seat site will employ 50 to 60 staff and is set to finish by August. IHOP, based in Glendale, operates more than 1,000 locations in the U.S. and Canada with plans for Midwest expansion into Iowa.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Edgewood Road
Westdale Mall
International House of Pancakes
van Buren Village
Glendale
Calif
Sioux City
Waterloo
United States
Canada
Iowa
Des Moines
Urbandale
IHOP
Lindale Mall
Maytag expects earnings to beat projections in 2002
Maytag Corp projects second quarter earnings about 85 cents a share on 25 percent higher sales, up from 75 cents previously, with 2002 total earnings near 3.10 dollars per share as cost cuts and stronger margins lift results. The firm also expects 15 percent annual sales growth and notes improving major appliance demand.
MENTIONED IN THIS ARTICLE
Ine Gate
Newton
Maytag Corp
Ralph Hake
Maytag
Hake
Also Mentioned on This Page
Nasdaq
Midwest Express
Midwest Express Airlines
Midwest Airlines
Skyway Airlines
Midwest Connect
Skyway
Anamosa
Tipton
Mediacom
Monticello
AP Stockquote
Local
P&l
Garette
Duane Crock
Belle Plaine
Ken Bratney Co
Alliance Production Iown
Appeals Court
Coral Ridge
By Marlene Lucas
Terrapin Coffee Brewery
Jim Mondanaro
Westdale
C.R
Ihop Corp
Toluca Lake
Los Angeles
Applebee's
Neighborhood Bar and Grill
Carlos O’kelly
Texas Roadhouse
Wendy's Old Fashioned Hamburgers
Panera Bread Co
Panchero’s
Thomson First Call
New York Stock Exchange
Maytag’s
Maytag, Hoover, Amana, Jean-Air
Dixie-Narco
George Ford
Georgef
Tyowa
Jerry K. Ask
Investment Services of
Kelly B
Ver
Mntent
Jerry K. Ask Investment
Agn Princor Financial Services Corp., Vices
Princor
Management
Third Avenue
Bath Street
Clive
Ww.vmfcapital.com
Me Vmf Capital, LLC
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Eltjes
Chris Cookton
Augustine Don Mears
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