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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 12, 2003

Page

18

Lightwaves Systems secures venture credits for Cedar Rapids rollout

Cedar Rapids startup Lightwaves Systems wins state tax credits to attract angel investors and fund development of a broadband access product aimed at solving the last mile. The firm, with nine employees, plans outsourced manufacturing and expects R D to create local jobs and economic payoff.

Rie Gazette Cedar Rapids Phil Kennedy Lightwaves Kennedy Edar Rapids Weing Rd

Wall Street Slumps as U.N. Iraq Vote Delayed

Wall Street extended its decline after the United States postponed a vote on its U.N. resolution on Iraq. The Dow fell 44 points to 7524.06 while the Nasdaq slipped to 1271.47. Spiegel Inc. warned of bankruptcy, and Heinz reported lower quarterly earnings amid spinoff charges.

Wall Street United States U.N Iraq Saddam Hussein New York Stock Exchange Spiegel Inc Eddie Bauer Newport News Spiegel Securities and Exchange Commission Heinz Cedar Rapids

Corn and soybean stocks tighten on weak exports

The Gazette reports U.S. ending corn stocks at 1.004 billion bushels up from 929 million, with soybean stocks at 160 million. USDA Outlook forecast suggested 1.2–1.3 billion for corn and 175–200 million for soybeans. Analysts warn higher fuel costs may trim corn plantings this spring. shifts to 15–22 million more acres possible in dry regions. Potential impact on prices and planting decisions noted.

Gazette U.S U.S. Department of Agriculture Terry Roggensack Hightuwec Chicago Usda Outlook USDA Greg Grow R.J. O’brien Colorado Nebraska Grow

Maytag shares tumble after profit warning

Maytag Corp shares drop 13.9 percent after warning it will miss quarterly earnings due to weak demand for home care products. Executives cited February sales decline and earnings about 25 percent below expectations, with analysts noting broader industry shipment slowdowns and cautious consumer sentiment.

Dave DeWitte Gazette Newton -- Maytag Corp Maytag Ralph Hake

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