Stock market steady after volatility as Dow tops 10000
The Dow rose 57.82 to 10031.28 while the Nasdaq slipped to 1940.71 and the S P 500 gained 6.85 to 1173.56. Procter and Gamble dropped 1.66, Tanger Factory Outlet fell 1.03, Toyota rose 2.83, Heinz plans cutting 1900 jobs with a Puerto Rico plant closing.
MENTIONED IN THIS ARTICLE
Dow
Wall Street
Standard & Poor
New York Stock Exchange
Iowa
Procter & Gamble
Clorox
Tanger
Merrill Lynch
Toyota
Carnival Cruise Lines settles port charge class action
Carnival Cruise Lines reached a settlement over inflated port charges, offering $25 to $55 vouchers to about 4.5 million passengers who sailed between April 19. Class members must opt out by April 10. Miami-Dade Circuit Court was to approve in May. Carnival denies wrongdoing.
MENTIONED IN THIS ARTICLE
Carnival Cruise Lines
Carnival
Miami-Dade
Japanese banks to merge report large annual loss
Sanwa Bank Tokai Bank and Toyo Trust said they will post a combined net loss of 1.8 billion dollars for the year ending March 31 and will write off 9.25 billion dollars in bad loans, nearly double the earlier estimate, as they plan to form United Financial of Japan next month.
MENTIONED IN THIS ARTICLE
Sanwa Bank Ltd
Tokai Bank Ltd
Toyo Trust & Banking Co
United Financial of Japan
Penford reports loss for quarter
Penford Corp. posted a net loss of 0.8 million dollars or 11 cents a share for the second fiscal quarter. Sales rose 32 percent to 50.7 million, helped by Penford Australia Limited with 13.7 million in sales. CEO Jeffrey Cook noted higher energy costs and a softer North American paper market but remains optimistic about profits for the rest of 2001 and 2002.
MENTIONED IN THIS ARTICLE
Penford Corp
Penford Australia Limited
Jeffrey Cook
Penford
Compaq to Cut 5000 Jobs Amid Earnings Outlook Cut
Compaq Computer Corp will eliminate 5,000 positions, about seven percent of its staff, as first quarter earnings are forecast well below Wall Street estimates. Chairman Michael Capellas cited ongoing U.S. economic weakness and price pressure. 67,000 employees remain worldwide with a new earnings outlook of 12 to 14 cents per share.
MENTIONED IN THIS ARTICLE
Compaq Computer Corp
Michael Capellas
U.S
Compaq
U.S. trade deficit soars to record $435.4 billion
The Commerce Department reports a record high current account deficit of $435.4 billion for last year, up 31.3 percent from 1999. The quarter ended with a $115.3 billion deficit, while economists warn weak export growth and imports may shape 2001. Delinquency on credit cards rose to 3.34 percent in Q4 2000, highest since late 1999.
MENTIONED IN THIS ARTICLE
Washington
America
U.S
Wall Street
Commerce Department
United States
American Bankers Association
Junk man brings 1 800 GOT JUNK to Cedar Rapids
Trent Lorfeld drives a bright 1 800 GOT JUNK truck offering pickup of almost anything two men can load. Services can be scheduled via web site or phone with Visa and Master Card accepted. Lorfeld operates as a Cedar Rapids franchisee, initially one crew, and plans expansion.
MENTIONED IN THIS ARTICLE
Lorfeld
British Columbia
Canada
U.S
Susan
U.S. Army
Prudential Seeks IPO Plan For Policyholder Stock Rewards
Prudential Insurance seeks to become a publicly traded company with state regulators. The Newark firm proposes giving cash or stock averaging 1800 dollars to about 11 million policyholders and allows policyholders to vote on the plan this summer.
MENTIONED IN THIS ARTICLE
Newark
N.J
Prudential Insurance Co. of America
Karen Suter
Prudential
Suter
Wild horses up for adoption in Waterloo Iowa
Iowans can adopt wild horses and burros in Waterloo at the National Cattle Congress Exposition Grounds. Adoption day is March 31 at 8 a.m. with viewing March 30 from 1 to 5 p.m. Prospective homes need sturdy corrals, shelter, transport, and care plans. Minimum bid starts at 125 dollars per animal. Applications require BLM approval.
MENTIONED IN THIS ARTICLE
Gazette
Waterloo
Natural Wonders and Paul Harris to Close Stores in Coralville
Coralville shoppers face going out of business sales as Natural Wonders Inc. and Paul Harris Stores announce closures amid Chapter 11 proceedings. Nine Natural Wonders employees at Coralville’s Coral Ridge Mall lose their jobs, with some offered positions elsewhere. Paul Harris stores in Coral Ridge Mall and Cedar Rapids’ Westdale Mall plan to close in six to seven weeks and halt gift certificates and returns.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Coralville
Natural Wonders
Paul Harris
Natural Wonders Inc
Fremont
Calif
Ann Hogan
Coral Ridge Mall
Westdale Mall
Cedar Rapids
Amy Hough
General Growth Properties Inc
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H.J. Heinz
Heinz
William Johnson
Puerto Rico
California
Djia
Cruise Line
BizFacts
By Dave DeWitte
Rock Island
Davenport
Israel
Saudi Arabia
Kelly Etzel
Trent Lorfeld
Port Byron
Ill
Prudential Plan
Karen
Bureau of Land Management
P.O. Box
Milwaukee
Wis
U.S. Bankruptcy Court, Southern District of
NEW York Stock Exchange Industrial
Transport
NokiaCorp
Finance
GemElecs
Utilities
lotteiNet
EMC Corps
American Stock Exchange
Djia Diamnds
Cisco S
Oracle
WorldCom
Sun Micro
Biotech
Standard & Poor's Finance
Indus
Insurance
Telecom
Santa Monica
Wilshire New
Source
Associated Press
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