Markets slide as Dow sinks 181 points on tech fears
U S stocks fell with the Dow down 181.49 to 10690.13 and the Nasdaq dropping 77.59 to 2044.07 as fears over GE Honeywell approval weighed on sentiment. Heinz posted a quarterly loss of 49 cents per share amid lower tuna prices and higher costs.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
General Electric
Honeywell
New York Stock Exchange
Iowa
Fiserv
Rockwell
H.J. Heinz Co
Wall Street
Heinz
Banks
Biotech
Computer
Finance
Indust
Insurance
Telecom
Associated Press
LucentTech
KraftFoods
NokiaCorp
American Ae Exchan Bs
Cisco
Intels
Oracles
Sun
Che
Ind
Indus
Standard & Poor's Industres
Transpt
Santa Monica
Calif
Wilshire Associates
Britannica Plans Revised 32 Volume Edition
Britannica announces a revised 32 volume set to be published this fall. The update includes thousands of revised articles and hundreds of new ones with entries on Doctors without Borders Falun Gong and J K Rowling. The Holocaust entry is updated and historian Joseph Ellis wrote new Jefferson and Adams entries. Price listed at 1295 dollars.
MENTIONED IN THIS ARTICLE
Encyclopedia Britannica
J.K. Rowling
Joseph Ellis
Thomas Jefferson
John Adams
Sprint and Virgin Group discuss Virgin mobile venture
Sprint PCS confirms talks with Virgin Group on a joint venture to bring Virgin Mobile to the United States. Preliminary agreements exist but no assurances of completion. An anonymous industry source cites a Virgin branded venture valued around 1 billion dollars with a memorandum of understanding signed.
MENTIONED IN THIS ARTICLE
Sprint Pcs
Virgin Group
United States
Sprint
Virgin
Mortgage rates dip across the nation this week
Freddie Mac reports lower averages for 30 year fixed at 7.14 percent down from 7.20. Fifteen year at 6.70 down from 6.74. One year ARMs at 5.82 down from 5.85. Points average about 1 percent of loan amounts.
MENTIONED IN THIS ARTICLE
Federal Reserve
Freddie Mac
Penford Cuts Salaried Staff in Cedar Rapids
Penford Products in Cedar Rapids trims 15 salaried positions over two weeks due to high natural gas costs and weak paper industry demand. About 120 salaried workers remain, with 300 total local employees unaffected besides admin and management cuts. The move accompanies a third quarter loss and charges tied to venture talks and severance.
MENTIONED IN THIS ARTICLE
Avazette
Cedar Rapids
Penford Products Co
Greg Keeley
Penford Corp
Keeley
Penford
Jobless Rate Drops in Linn and Johnson Counties
Unemployment fell in Linn County to 1.8 percent from 2.1 and in Johnson County to 1.7 percent from 1.8 as May figures show 2,100 and 1,200 unemployed respectively. Iowa’s overall rate rose to 2.8 percent while total non farm payrolls declined due to a construction dispute.
MENTIONED IN THIS ARTICLE
Johnson, Linn Counties
Johnson County
Iowa
Richard Running
Iowa Workforce Development
Comair and pilots reach tentative contract agreement
Comair and its striking pilots announced a tentative agreement ending a two and a half month walkout that halted service of the regional carrier. The deal followed three days of talks with federal mediators and aims to speed ratification within 10 days.
MENTIONED IN THIS ARTICLE
Comair
Washington
Air Line Pilots Association
J.C. Lawson
Randy Rademacher
Meghan Glynn
Lawson
Iowa
Cedar Rapids
Inflation eases slightly as May wholesale prices rise 0.1 percent
The Producer Price Index edged up 0.1 percent in May easing from April’s 0.3 percent. Food prices fell 0.4 percent while the core rate rose 0.2 percent. Unemployment claims dipped to 428,000 though four week moving average sits near a nine year high. business inventories stayed flat and sales fell 0.5 percent in April.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Room
Labor Department
Commerce Department
Cedar Rapids APAC to Handle McLeodUSA Residential Calls
APAC Customer Services Inc. will manage a two year residential customer service call handling contract for McLeodUSA Inc. in Cedar Rapids. McLeodUSA business customer calls stay with internal staff while APAC hires and trains workers at its Cedar Rapids site to meet jointly set service levels.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Apac Customer Services Inc
McLeodusa Inc
McLeodusa
Steve Griggs
APAC
Also Mentioned on This Page
Homestead
Amana
Minneapolis Moline Power & Machinery Co
Zuber’s
Ron Heitmann
Djia
Britannica
BizFacts
U.S
Runzheime Beea
Pat Carr
KRT
Ted
C.R
George C. Ford
Cargill
Percen
Ource
Violet
Cat
East Iowa News
Craftmade
de Fi
Phoenix
Park City
Lindale Mall
Happy Joe's
Blairs Ferry Rd
The
Array Center
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!