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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 23, 2004
Page
15
Investors fret over rising terrorism risk as stocks slide for a fifth triple digit drop in nine sessions. The Dow falls 121.85 to 10064.75 while the Nasdaq drops 30.57 to 1909.90 amid broad declines and weak advancers.
Jerry Nowadzky, Machinists district leader from Monticello, leaves Cedar Rapids to join AFL-CIO Show Us the Jobs tour. He warns that offshoring and outsourcing threaten U.S. jobs as 51 participants from 50 states prepare to present in at least 14 cities including West Branch Des Moines and Davenport. Local officials note trade policies' impact while critics blame wages and union rigidity for job losses.
The Cedar Rapids Charter Chapter of American Business Women's Association will meet at 5 30 p m Wednesday at Reynaldo's Restaurant 475 Northland Ave Marion Debra Salz will speak on Working Through the Clutter She will discuss aligning values organizing thoughts and prioritizing wants. For information call 319 396 3933.
Wal-Mart Stores led the Fortune 500 for 2003 with nearly 259 billion dollars in sales to claim the top spot for the third consecutive year. Exxon Mobil moved to No. 2 with 213 billion in revenue, followed by GM and Ford.
A compilation of regional Fortune 500 companies by state and city, listing firms such as Principal Financial in Des Moines with 9.4 billion dollars, Maytag in Newton at 4.79 billion, Walgreens in Deerfield at 32.505, Archer Daniels Midland in Decatur at 30.708, and others in Minnesota Wisconsin Illinois with corresponding totals. The table includes Target Minneapolis Best Buy Richfield U S Bancorp General Mills Northwest Airlines Nash Finch Pepsi Americas Northwestern Mutual Manpower Kohl s and more with revenue figures.
HON Industries proposes renaming to HNI Corp subject to shareholder approval via proxy ballot. The change aligns with the NYSE ticker HNI and reflects current identity while HON remains a major office furniture and fireplace maker with brands including HON, Steelcase, and Heat-N-Glo.
ATA Connection will add four daily round trips between Chicago Midway and Fort Wayne Indiana after Fort Wayne Allen County Airport Authority approved a $2.5 million package. The move follows ATA pulling Cedar Rapids and Lexington service to fund Saab 340B flights between Chicago Midway and Indianapolis.
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