Weekday Market Slide and Recall Highlight Nasdaq Down
The Nasdaq composite fell 188.13 to 4610.00 as investors moved from tech into established firms. Declines outpaced advances on the NYSE 8 to 7 with 1.13 billion shares traded. East Iowa stocks mixed with gains for Eastman, Heinz and GE while RF Micro Devices tumbled. A separate recall involved 44,000 jogging strollers over brake failures from InSTEP and Healthrider. Treasury short rates rose in Monday auctions with three and six month bills priced higher. one year yields edged up per Fed.
MENTIONED IN THIS ARTICLE
Standard & Poor
Iowa
Eastman Chemical
H.J. Heinz
AEGON
General Electric
Rockwell
RF Micro Devices
McLeodusa
Union
Consumer Product Safety Commission
CPSC
Instep LLC
Burlington Coat Factory
J.C. Penney
Target
Treasury
Treasury Department
Federal Reserve
NEW York — Exchange Industrial
Transport
Amerontine
Finance
Compaq
E Utilities
At&t Corps
Isney
Philip Morr
American Stock Exchange
Djia Diamnds
ColumLab
Oracle
Amex
DOW Jones
Biotech
Associated Press
Greenspan signals continued rate hikes to curb hot economy
The Fed chair signals more increases despite a red hot economy. Analysts expect the next 0.25 point rise on Tuesday, lifting the federal funds rate to 5.75 percent and the prime rate to 8.75 percent as growth remains vigorous.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Fed
Declining farmer shares drive Glickman appeals for aid
US Secretary of Agriculture Dan Glickman told National Farmers Union that farmers receive shrinking shares of agricultural dollars. He cited enforcement of antitrust laws and changes to the 1996 Freedom to Farm Act as needed to protect small producers. John Whitaker and others urged relief as the group planned a rally with Senator Tom Harkin the next day.
MENTIONED IN THIS ARTICLE
News
Washington — Secretary of Agriculture
Dan Glickman
Glickman
National Farmers Union
Congress
Administration
John Whitaker
van Buren County
Iowa Farmers Union
Whitaker
Justice approves Earthgrains Metz merger with two brand divestitures
The Justice Department clears the 625 million Earthgrains Metz merger after requiring sale of Colonial and Taystee white pan bread brands to preserve Midwest competition. Des Moines Kansas City Omaha areas target divestitures plus related assets. Des Moines bakery distribution rights also may be sold.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Earthgrains Co
Metz Holdings Inc
Des Moines
Kansas City
Omaha
Earthgrains
Colonial
Metz
Iowa
Kansas
Missouri
Nebraska
Illinois
Des Moines Bakery
Midwest
Joel I. Klein
Department
Antitrust
U.S. District Court
Chicago
St. Louis
Sioux City
Specialty Foods Corp
Deerfield
Ill
Pillsbury
Boeing workers return to work after long white collar strike
In Renton Washington AFL CIO official Richard Trumka praised the 40 day walkout by 15 000 to 17 000 engineers and technicians at Boeing as a turning point in labor management relations The 22 352 member Society of Professional Engineering Employees in Aerospace and Seattle Portland Puget Sound units voted to end the strike and resume work at Boeing plants with talks continuing for Wichita Kansas engineers and a me too wage agreement reached earlier this month
MENTIONED IN THIS ARTICLE
Trumka
Boeing
Society of Professional
Aerospace
Puget Sound
Seattle
Portland
Ore
Wichita
Kan
Pacific Northwest
Charles Bofferding
Collins
Cedar Rapids
Also Mentioned on This Page
Dow
Djia
BizFacts
U.K
Squece Ecaw
William Cheney
John Hancock
Boston
Central Bank
Federal Open Market Committee
Greenspan
Said
U.S
By E. Michael Myers
Washington Mall
Sen
Tom Harkin
McDonald’s
Dan Bushman
McDonald's
Williams Blvd
Call Eastern Iowa Enterprise Council
The
EIEC
Non-Profit Organization
Sollins Community Dy Credit Union
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