Wall Street Extends Rally as Dow Tops 10,500
Uplifted by stronger economic news, the Dow Jones climbs 140.88 to 10,574.29 with the Nasdaq at 1,890.40. HP and Compaq win FTC approval for a $22 billion merger, while Moody's cuts Qwest debt ratings to near junk. Cedarapids lands a $5.1 million Army order in Cedar Rapids. Sunny Fresh Foods plans an $11 million expansion in Mason City. A regional seminar on alternative agriculture is set for Maquoketa.
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Wall Street
Dow
New York Stock Exchange
Toyota
U.S. Cellular
Qwest
Weyerhaeuser
Heartland
Qwest Communications International Inc
Sunny Fresh Foods
Mason City
Dennis Darnell
Sunny Fresh
Harkin accuses Dorr of falsifying documents in farm subsidy case
Senate hearing on Tom Dorr nomination as assistant secretary of rural development uncovers questions over subsidy practices at Pine Grove Farm and Dorr family trusts. Dorr denies wrongdoing while Harkin and Grassley press for full accounting and confirmation decision.
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E. Michael Myers
Washington
Tom Harkin
Iowa
Tom Dorr
Marcus
Dorr
Harkin
Agriculture Committee
Agriculture Department
Pine Grove
Cherokee County
County Farm Service Agency
State Office
FSA
Chuck Grassley
Hills Bank Opens Full Service Cedar Rapids Branch
Hills Bank expands in Cedar Rapids with a new 7,200 square foot full service branch at 3610 Williams Blvd SW in Westwood Plaza. Tracy Stotler leads a 14 member staff offering drive up banking and extended hours until 6 pm on weekdays and Saturday mornings. The facility was built by Kleiman Construction and is Hills Bank's 11th location, joining other new Westdale Mall area branches from Banklown Collins and Farmers State Bank Mari0n.
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Hills Bank
Cedar Rapids
Williams Blvd
Stotler
Kleiman Construction Co
Westwood Plaza
Gander Mountain
P&G to shift Clairol production to Iowa City plant this summer
Procter & Gamble will move Clairol hair care production including Herbal Essences Aussie Daily Defense and Infusium 23 to its Iowa City facility beginning this summer from Stamford Connecticut. Stamford will stop North American production though will keep hair color and body wash.
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Gazette
Iowa City
Procter & Gamble Co
Clairol
P&g
North America
Stamford
Conn
Daily Defense
McLeodUSA to Sell CapRock Services in Asset Drift
McLeodUSA announces a plan to sell its CapRock Services unit as it sheds non core assets to reverse losses. CapRock provides satellite telecom and managed services to oil operators in the North Sea and Gulf of Mexico with offices in New Orleans Lafayette Aberdeen Scotland. Genesis Park and The Riverside Company would lead the buyer group.
MENTIONED IN THIS ARTICLE
the Gazette
McLeodusa Inc
CapRock Services
Genesis Park LP
Riverside Company
North Sea
Gulf of Mexico
Iowa
McLeodusa
Bryce Nemitz
CapRock Communications Corp
Arkansas
Louisiana
Okla
Iowa FFA Enrichment Center plans unveiled in Cedar Rapids
A $10 million capital campaign launches for an Iowa FFA Enrichment Center to train future agribusiness leaders. The 60,000 square foot complex on five acres near I 80 in Altoona will include labs, conference rooms, a gymnasium, lodging and dining. Groundbreaking awaits $4.5 million in pledges.
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Cedar Rapids
FFA
Iowa Ffa
Altoona
Iowa Communications Network
Iowa
Terry Branstad
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Clairol Hair Care Production
By Dave DeWitte
Clairol Lines
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