Wall Street ends Q1 with mixed close as earnings loom
U.S. markets finish the quarter with the Dow down 22.97 to 10,403.94 while the Nasdaq rises 18.60 to 1,845.35 and the S&P 500 adds 2.81. Volume is light due to Passover and Easter. Worldcom and U S Cellular move, Ralcorp sinks. NFL picks PepsiCo as sponsor in a 5 year, 160 million deal. Fairchild Dornier seeks a strategic partner amid insolvency talk. FCC returns most mobile spectrum down payments after a failed Nextel auction.
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Wall Street
Standard & Poor
New York Stock Exchange
Iowa
Worldcom
Ralcorp Holdings
U.S. Cellular
Fairchild Dornier
Sueddeutsche Zeitung
Boeing
U.S
United States
Fairchild Aircraft
Dornier Luftfahrt Gmbh
Germany
Hawthorne
N.Y
Fourth‑quarter GDP rebounds stronger than expected
The Commerce Department reports U S GDP grew 1.7 percent in Q4 2001, revised up from 1.4 percent, aided by a better trade picture and resilient consumer spending. Economists say the recession likely ended last year with optimism for further gains.
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Washington
Commerce Department
United States
Iowa Farmers Boost Planting of Genetically Modified Crops in 2002
Iowa farmers plan to plant 43 percent of corn and 78 percent of soybeans as GMOs in 2002, up from 32 and 73 percent in 2001. Nationally 32 percent of corn and 74 percent of soybeans will be GMO. Experts note economic advantages and potential markets for non modified crops while international acceptance remains uncertain.
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Stuart Hoffman
PNC Financial Services Group
United States
Federal Reserve
The
Gazette
Iowa
Robert Wisner
Iowa State University Agriculture
U.S
Tim Barrack
Arlington
Barrack
National Agricultural Gazette Map Statistics Service
Iowa soybeans may shift acres toward corn amid price moves
Iowa farmers expect to add to corn acres and reduce soybean plantings in 2002 as prices shift, with 12 million acres planned for corn and 10.8 million for soybeans in Iowa. Nationally 79 million acres of corn and 72.9 million of soybeans are targeted, while forecast prices adjust to 4.70 dollars for soybeans and 2.10 dollars for corn in Cedar Rapids.
MENTIONED IN THIS ARTICLE
The
Gazette
Iowa
Robert Wisner
Iowa State University
Wisner
Cedar Rapids
Iowa layoff-response unit sees slower pace after 2001 surge
Ted Harms of the Iowa Workforce Development Rapid Response Unit says layoffs have slowed since late 2001 with 52 mass layoff notices in the last six months of 2001, down from 29 in the prior six months. He notes planned visits to assist dislocated workers, including Metso Corp plant in Cedar Rapids closing in May, eliminating about 78 jobs, while calls about plant closing laws persist.
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the Gazette
Iowa
Harms
Metro
Kmart Corp
Iowa hog and pig inventory up 3 percent from year ago
Iowa on March 1 reported 14.9 million hogs and pigs, 3 percent above a year earlier. Nationally, the U S inventory reached 58.7 million head, up 2 percent from last year. The report notes December-February pig crop, sow farrowings, and planned farrowings for March-May and June-August periods.
MENTIONED IN THIS ARTICLE
Iowa
U.S
Saturn adds new compact car to lineup at auto show
Saturn unveils the ION during New York Auto International Show preview days trying to lure young budget buyers from Japanese and Korean compact rivals. The ION is slightly larger than GM S-Series and uses the Ecotec 2.2 liter engine delivering 137 horsepower.
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Saturn
New York
General Motors
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National Association For Business Economics
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Iowa City
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By Marlene Lucas
China
Japan
North Dakota
Brian Ray
Kirkwood Community College
Washington Hall
Lowa Agricultural Service Gazette Graphic
By Dave DeWitte
Lowa
Call
Cedar Rapids Area Convention and Visitors Bureau
Cedar-Rapids.com
Collins Credit Union
Todd Financial
Linn
First Mortgage
the Gazette Ave P Avi P
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