Merck earnings warning drags markets as Dow slips
Stocks tumbled after Merck issued an earnings warning. The Dow fell 110.84 points to 10,604.59 while the Nasdaq dropped 23.92 to 2,034.84. Advancers trailed decliners 3 to 2 on the NYSE with 1.39 billion shares traded.
MENTIONED IN THIS ARTICLE
Merck
Wall Street
New York Stock Exchange
LucentTech
Transport
GenlElec
Finance
GropalCrss
Utilities
Com- NortelNet
American Stock Exchange
Jas
Cisco
WorldCom
Sun
Chg
Ind
Uti
Biotech
Computer
Standard Finance
Indust
Industritt
Poor’s Insurance
Transpt
Telecom
Santa Monica
Calif
Associated Press
Winnebago Revenues Dip in Third Quarter
Winnebago Industries reported a decline in revenue for the third quarter at 197 million dollars, down from 214.1 million. Net income dropped to 12.4 million from 16.3 million, as nine month revenue to May 26 stood at 503.7 million versus 588.6 million a year earlier.
MENTIONED IN THIS ARTICLE
Winnebago Industries
ConAgra Foods lowers forecast. restates past earnings
ConAgra Foods Inc warned that its fiscal Q4 earnings would be sharply below expectations and said it was restating earnings for the last three years. It also disclosed fictitious sales and misreported earnings at a subsidiary, reducing three-year earnings by about 120 million dollars. The company now expects diluted earnings per share of 19 to 23 cents versus analysts’ 35 cents.
MENTIONED IN THIS ARTICLE
ConAgra Foods Inc
ConAgra
New
Thomson Financial
First Call
Verizon urges settlement over airwave license dispute
Verizon Wireless called on the U.S. government and auction winners to settle a dispute after the D.C. Circuit held the FCC violated bankruptcy law by repossessing 90 wireless licenses from NextWave. The agency later resold the licenses for 16.9 billion to Verizon and others including Cingular affiliates.
MENTIONED IN THIS ARTICLE
Verizon Wireless
U.S
U.S. Court of Appeals For
District of Columbia
Federal Communications Commission
FCC
NextWave
Cingular Wireless
BellSouth Corp
SBC Communications Inc
At&t Wireless Group Inc
Harkin Pushes AMTA Phaseout As Farm Policy Focus
Senator Tom Harkin, new Senate Agriculture Committee chair, vows to end AMTA style payments and push a redesigned farm bill. He will hold hearings nationwide, seeks incentives based conservation, expanded ethanol, and a shift from government payments toward market based farmer support.
MENTIONED IN THIS ARTICLE
Tom Harkin
Iowa
Tom Dorr
Agriculture Department
Harkin
Dorr
Pine Grove Farm
Cherokee County
Washington
Senate Agriculture Committee
AMTA
Agriculture Committee
James Jeffords
R-Vt
House Agriculture Committee
Cedar Rapids museum shops team up to lure locals
Cedar Rapids hosts a seven shop promotion inviting locals to visit all museums this month. Each Thursday offers discounts, refreshments, and a drawing, with shops at the Science Station, Brucemore, Indian Creek Nature Center, Cedar Rapids Museum of Art, History Center, National Czech and Slovak Museum, and African American Historical Museum and Cultural Center of Iowa participating.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Linn County
Shirley Rosencrans
National
Rosencrans
Science Station
Brucemore
Indian Creek Nature Center
Cedar Rapids Museum of Art
The
History Center
National Czech & Slovak Museum
Lou Wendel
Wendel
Museum of Art
Science Center
McLeod/Busse
Rudi's Bakery to Open North Liberty Facility This Summer
Rudi's Bakery plans a July start for a 36 500 square foot facility in North Liberty with 35 initial staff and a peak of 104. The $7.5 million project uses a 100 year old sourdough starter, tests July 5 6, and training the week of July 9. Volume will begin at 250 000 loaves monthly, doubling by fall and again within six months.
MENTIONED IN THIS ARTICLE
Wazette
North Liberty
Rudi
Jerry Watson
Boulder
Watson
States
Puerto Rico
Iowa City
Rudi’s
Blooming Prairie Warehouse
Linn Photo closes downtown store for revamp with new digital lab
Linn Photo will end its three decade downtown presence at 105 First Ave. SE as it opens a $200000 Agfad-Lab one hour processor at 2405 Westdale Dr. The move adds digital processing including scratch and lint prevention and red eye fix services. Downtown staff mostly transfer to other Linn Photo sites while the West Side store gains matting and framing operations.
MENTIONED IN THIS ARTICLE
Westdale Dr
Priborsky
Iowa
Linn Photo
Vina Murphy
West Side
Sara Lee pleads guilty in 1998 tainted meat case
Sara Lee Corp. pleads guilty to a misdemeanor and agrees to pay 4.4 million dollars for selling tainted meat blamed for deaths and miscarriages in 1998. Bil Mar Foods recalls 35 million pounds after a listeriosis outbreak linked to its Borculo plant. The company funds food safety research and settles a Pentagon meat lawsuit.
MENTIONED IN THIS ARTICLE
Sara Lee
Lansing
Mich
Sara Lee Corp
Bil Mar Foods Division
Bil Mar
Borculo
Sara Lee Will
Also Mentioned on This Page
Djia
ConAgra Foods
Verizon
BizFacts
Travel Indus
By E. Michael Myers
By Dave DeWitte
Czech and Slovak Museum
Jim Slasia
Valerie Chalupnik
Chicago
Czech Republic
By Marlene Lucas
Colo
Michigan State University
Pentagon
Steve McMillan
Rts
Valukas
Georgetown University
Gary Speicher
Thomas Pries
Rroneer
Mooney
Custom Homes
Dream Homes
Mooneycustomhomes.com
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