Technology stocks lead market as Nasdaq gains and Dow slips
Nasdaq climbs 153.07 to 4864.75 while Dow falls 40.64 to 10866.70. ADM expands in Iowa through Tederra Food Capital Fund with other investors. Greenspan criticizes predatory lending amid mortgage sector concerns. US Airways contemplates shutdown affecting flights as CHAOS plan looms. Intel and AMD launch budget processors with forthcoming Celeron and Spitfire lines.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
McLeodusa
Conexant
Weyerhaeuser
Rockwell
International Paper
Quaker Oats
Eastman Chemical
Archer Daniels Midland Co
Cedar Rapids
Iowa Agricultural Finance Corp
Tederra Food Capital Fund
Decatur
Ill
ADM
Iowa Agriculture
Tedterra Investor Limited
Pioneer Hi-Bred International
DuPont
Iowa Farm Bureau Federation
Farm Bureau Mutual Insurance Co
US Bancorp Ag Credit
West Central Cooperative
Tederra
Rudi
Intel Corp
Advanced Micro Devices Inc
Santa Clara
Calif
Intel
BizFacts Why we use plastic
A survey shows the reasons Americans cite for using credit cards. Convenience and rewards top the list. People seek safer payments and budgeting tools, while some value extended purchase protections offered by cards.
Group urges diversify federal funds from roads to transit
A group advocating mass transit says states underuse federal transportation dollars for bike paths light rail and bus service. The report notes a 21 percent rise in road spending and a 19 percent drop for alternative modes over two years.
MENTIONED IN THIS ARTICLE
Washington
Surface Transportation Policy Project
Roy Kienitz
Iowa
Transportation Department
Federal Transit Administration
McLeodUSA probes cause of Northwest Airlines cable cut
The Cedar Rapids based firm investigates a Minnesota subcontractor cutting a US West fiber optic line while laying a McLeodUSA cable. The cut disrupted Northwest Airlines network, delaying hundreds of flights and triggering manual backups as the system reroutes data and guards against future breaks.
MENTIONED IN THIS ARTICLE
Tte
Cedar Rapids
McLeodusa
Northwest Airlines
US West
Northwest
Asia
Tiemann
Compa
Fed rate hike unlikely to curb US consumer spending
The Federal Reserve lifted rates 0.25 percent in the fifth rise since June as economists warn spending remains buoyant. Despite higher borrowing costs and rising energy prices, consumer demand stays strong with February retail sales up and car and grocery purchases higher, while home sales slide.
MENTIONED IN THIS ARTICLE
Fed
U.S
OPEC
China eases rules to boost U S farm product imports
Washington AP reports China will clear more U S farm shipments by relaxing meat poultry and wheat restrictions and ending a citrus ban. The move supports permanent normal trade talks, lowers tariffs on poultry from 20 to 10 percent, and details phased citrus reentry for Florida and California producers free of fruit fly risks.
MENTIONED IN THIS ARTICLE
Washington
China
U.S
Clinton
Congress
Pacific Northwest
John Bekkers
National Chicken Council
Hong Kong
Florida
California
FCC considers loosening media ownership rules
The FCC reviews rules that may ease deregulation in media markets. Susan Ness says staff recommendations are under scrutiny as the five commissioners reassess limits on cross ownership and multiple network holdings. The Tribune Times Mirror deal and CBS Viacom merger are cited as touchstones in the evolving framework.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
FCC
Susan Ness
Ness
Senate Commerce Committee
Tribune Co
Times Mirror
Tribune
Los Angeles
Hartford
Courant
New York
Newsday
CBS
Viacom
UPN
Commission
Also Mentioned on This Page
Lowa Ag
Greenspan
Federal Reserve
Alan Greenspan
National Community Reinvestment Coalition
Nana - Renal
US Air
US Airways
Boston
Arlington
AMD
American Association of State Highway and Transportation Officials
Sunny Schust
By Steven Cook
Bruce Tiemann
Minnesota
Trillio
Nary
Auto
Lealtors
Morgan & Co
West Olive, Michia
Alan Skrainka
Edward Jones
St. Louis
Rajeev Dhawan
University of California, Los Angeles
Dhawan
National Association of Realtors
Line of Credit
Collins Community
Credit Union
Benton, Buchanan, Cedar
Delaware
Johnson, Jones, Iowa, & Linn Counties
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