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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 2004
Page
20
Technology shares dragged the market down as the Nasdaq posted its biggest weekly decline in years and the Dow closed 46.70 points lower while blue chips held modest gains amid renewed rate fears. ChevronTexaco and Procter & Gamble earnings failed to lift sentiment.
Alle giant Air executive avoids confirming Cedar Rapids route during Friday discussions with Eastern Iowa Airport officials while denying any announced plans. Allegiant operates non stop service to Las Vegas from Des Moines and Peoria. Procter & Gamble reports 20 percent earnings rise to 1.53 billion for the quarter.
Iowa insurance complaints about rising property and casualty premiums have declined as rates stabilize and some areas ease. Cedar Rapids remarks by Insurance Commissioner Therese Vaughan note 2001 2002 spikes from rising claims costs and weak stock market recovery, with further improvements seen in 2003. Health and malpractice costs remain concerns.
Cedar Rapids store co owner Jim Dwyer says staff match shoes to feet and activities. Barefoot gait analysis helps assess fit. Store near Cedar River and Cedar Valley trails hosts 8 am Saturday runs and monthly running workshops April through Sept 8. Shoes retail around 75 to 90 dollars.
A former federal prosecutor hired by the Teamsters to combat corruption accuses President James P. Hoffa of resisting an internal anticorruption effort. Hoffa rejects the charges calling them reckless. Stier says Hoffa blocked Chicago investigations and turned data to the Justice Department, a move criticized as losing momentum.
Alliant Energy reports 34.1 million first quarter earnings with non regulated operations contributing 4 cents per share of 31 cent per share total. Brazilian hydro plants and rate increases lift non regulated per share by 16 cents year over year. Regular utility units Inter State Power and Light and Wisconsin Power and Light also improve, while debt repayments trim interest costs and Emery Station work continues.
In Omaha a Dairy Queen Operators Association protest banners Warren Buffett and Berkshire Hathaway shareholders arriving for the annual meeting. Franchise owners object to costly up grades for the Grill and Chill concept, seeking more lenient rules for rural and small town locations while Dairy Queen spokesman Mooty says most owners back the changes.
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