Dow surges 320 points as industrials rebound on Wednesday
The Dow Jones rose 320.17 points to 10 131.41, up 3.3 percent, led by General Electric and Deere among gainers while the Nasdaq fell 124.01 to 4 582.62. NYSE volume was 1.58 billion shares with 34 gainers and 11 decliners in Eastern Iowa stocks.
MENTIONED IN THIS ARTICLE
Dow
New York Stock Exchange
NYSE
Iowa
General Electric
Quaker Oats
Wal-Mart
Deere
Procter & Gamble
Rockwell
RF Micro
McLeod USA
Conexant
Sinclair cancels KGAN-TV sale to Sunrise Television
Sinclair Broadcast Group cancels plans to sell KGAN-TV Cedar Rapids and two Midwest stations to Sunrise Television Corp for 81 million dollars. Sinclair will keep operating the stations and has no sale plans. Gov. Vilsack names CJ Niles Iowa Dept of Economic Development director successor to David Lyons. Penford reports higher Q2 earnings and six month sales rise from prior year.
MENTIONED IN THIS ARTICLE
Sinclair Broadcast Group Inc
Kgan-Tv
Cedar Rapids
Midwest
Sunrise Television Corp
Sunrise
KGAN
Wics-Tv
Wicd-Tv
Champaign-Springfield, Ill
Sinclair
Tom Vilsack
Claudia Jean
Cj” Niles
Caroll
Iowa Department of Economic Development
Niles
David Lyons
Iowa Farm Bureau
Carroll Chamber of Commerce
Carroll Area Development Corp
21St Century Workforce Council
Vilsack/Pederson
Penford Corp
Penford Products
Rapids
Bellevue
Wash
Fannie Mae Anchors 2 Trillion Campaign for Minority Home Loans
Fannie Mae unveils a 10 year drive to finance 2 trillion dollars in home loans for minorities women new immigrants and underserved groups. Chairman Franklin Raines says the effort aims to narrow the white minority homeownership gap while emphasizing profit and social mission. An automated underwriting system will screen borrowers to avoid risky loans.
MENTIONED IN THIS ARTICLE
Washington
Fannie Mae
Franklin Raines
Raines
U.S. Trade Deficit Rises to a Record $338.9 Billion
The Commerce Department said the 1999 trade and current account gap widened sharply as American consumers bought more foreign goods from TVs to cars. The current account deficit jumped 53.7 percent to $220.6 billion, while the goods deficit grew to $347.1 billion as imports outpaced exports amid strong income and stock gains.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
America
Gerald Cohen
Merrill Lynch
Federal Reserve
Access Direct expands with Cedar Rapids call center
Access Direct opens a new Cedar Rapids call center at 4515 20th Ave SW with 90 work stations as part of a three phase expansion adding 200 jobs across Cedar Rapids Des Moines and Wilmington Delaware. The firm also operates a second Cedar Rapids center at 2738 Edgewood Rd SW and plans Des Moines and Wilmington offices to boost Fortune 500 client direct marketing.
MENTIONED IN THIS ARTICLE
Gazette
Cedar Rapids
Access Direct
Des Moines
Delaware
20Th Ave
Suite B
Edgewood Rd
Westdale Mall
Wilmington
Del
Fortune 500
North Liberty
Marshalltown
Ames
Jacksonville
Fla
Cargill to back NovoPoint e commerce for food supply chain
Cargill plans to join NovoPoint.com as a founding minority investor to create an electronic marketplace linking grain sugar oil and other commodity suppliers with cereal cake and candy manufacturers. The Minnetonka based company expects the site online this summer and aims to standardize purchasing transactions across the food and beverage industry.
MENTIONED IN THIS ARTICLE
Knight Ridder
Minneapolis
Minn
Cargill
Minnetonka
Retailers join push against soft baby bedding warnings
Seven major retailers including Babies R Us IKEA JC Penney Kmart Lands End Sears and Target will stop displaying plush pillows quilts and comforters in crib setups. Starting this spring cribs will use tight fitting sheets and thin blankets to reduce Sudden Infant Death Syndrome risk cited by the CPSC.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Ment
Ann Brown
CPSC
Babies
R” Us
IKEA
JC Penney
Kmart
Lands’ End
Sears
Target
Internet car shopping criticized by Consumer Reports findings
Consumer Reports says Internet car buying sites provide useful data but poor service with only 35 percent quotes on time and 22 percent needing a dealer visit for a firm price. Toyota Tundra replaces Ford F 150 as best full size pickup in its annual issue.
MENTIONED IN THIS ARTICLE
Consumer Reports
Microsoft
Also Mentioned on This Page
Ided
Penford
BizFacts
NPD
ResearchPat
CARR
Grapho
Paul Trapaurt
The
Federal National Mortgage Association
James Johnson
Wall Street
Department of Commerce
Aly
Scurce Federal Reserve Board
C.R
East Euclid
Novopoint.com
Food and Bev
John Geisler
Novopoint
Consumer
Www
Safety Commission
Detroit
Cars.com
Lou Richman
CarPoint
Richman
Welter
Blairs Ferry Rd
Monticello
Ollins Community Am 2 Credit Union
NCUA
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