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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 15, 2000

Page

15

McLeodUSA cries foul over US West service delays in Greeley

McLeodUSA Inc files with the Colorado Public Utilities Commission alleging discrimination by US West Communications against a former small business customer in Greeley. The firm says two line installation commitments were missed and a separate business at the same site received service while Subway’s shop waited. Olson says a US West employee urged her to switch for priority. Regulators are asked to hear the complaint within 90 days.

McLeodusa Inc Cedar Rapids Colorado Public Utilities Commission US West Communications McLeodusa Greeley Colo US West Subway Donna Olson Olson Colorado

Saks Earnings Meet Forecast Amid 1999-2000 Outlook

Saks Inc., Birmingham based operator of Saks Fifth Avenue and Younkers, posted Q4 profits of 141 million dollars or 0.98 per share before charges, matching Wall Street expectations and signaling higher profits for 2000. Revenue guidance calls for 260 to 265 million dollars pre charges, about 1.80 to 1.85 per share, with total sales around 6.73 billion.

Saks Inc Wall Street Birmingham Ala Saks Younkers Saks Fifth Avenue

Nasdaq and Dow Dip on Biotech Data Deal Fallout

The Nasdaq fell 200.61 points to 4706.63 as biotechnology stocks dragged broader markets after the U.S. and Britain agreed to freely share data from a human genetic decoding project. Dow slipped 135.89 to 9811.24 with weak biotech sentiment spreading, while Alcoa dropped after a Cordant takeover bid. Among Eastern Iowa stocks, gains outnumbered losses but overall activity remained down.

New York Biotech United States Britain Incyte Pharmaceuticals Human Genome Sciences PE Corp Celera Genomics Dow Alcoa Cordant Technologies Inc Cordant Iowa Saks McLeodusa Weyerhaeuser MCI World- Com General Electric International

USDA proposes rules to publish livestock price data

The Agriculture Department plans mandatory reporting of prices paid for cattle hogs and sheep to increase market transparency. The system should be operational by summer with data also covering imported lamb purchases and input from producers and processors.

Agriculture Department Congress Agriculture Dan Glickman Steve Meyer National Pork Producers Council Des Moines Washington, D.C Washington Meyer USDA

February Retail Sales Jump 1.1 Percent in Strong US Economy

Commerce data shows February sales up 1.1 percent to 265.7 billion with auto and clothing gains led by robust employment and rising incomes. Car sales rose 1.4 percent and gasoline stations up 4.3 percent despite higher fuel costs, while ex autos sales rose 1 percent.

Washington Commerce Department First Union Mark Witner

Met-Coil Systems Sold to Massachusetts Group for 32 Million

Mestek Inc of Westfield, Massachusetts agrees to buy Met-Coil Systems Corp of Cedar Rapids for 32 million dollars in cash plus debt assumption. The merger, targeted for May, awaits Met-Coil shareholders approval and Hart-Scott-Rodino review. Met-Coil makes fabrication machinery and metal forming equipment.

Square D Co Met-Coil Systems Iowa Precision Industries Cedar Rapids Lockformer Corp Lisle Mestek Met-Coil Formtek Inc Met-Coil Systems Corp Sixth St Mestek Inc Westfield, Mass 6Th St Welty-Way Products Co Lisle, Ill

Sears AOL form alliance to market and link brands

Sears Roebuck and America Online announced a joint alliance to expand their businesses via the Internet. The pact centers on marketing each other’s products and services and plans a Web linked home appliance concept. AOL will feature Sears on its sites and promote the retailer to its 21 million subscribers.

New York New Sears America Online Sears, Roebuck & Co Wal-Mart Stores Inc AOL America Online Inc

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