Market Briefs and Corporate News Roundup
Blue chip stocks rose extending the Dow’s two day advance to 10,059.63 as investors hunt bargains. Procter & Gamble and PepsiCo gained while Sealed Air fell. Oral B in Iowa City plans 18 layoffs with four new positions moved to Mexico and retraining aid for others. Sun Microsystems chief Ed Zander resigns, effective July 1, with Scott McNealy to take over. AOL will source search results from Google under a multiyear contract. Meredith Corp reports Q3 earnings of 35 cents a share on 258.4 million dollars in revenue.
MENTIONED IN THIS ARTICLE
Dow
Procter & Gamble
PepsiCo
Oral B Laboratories
Iowa City
Mexico
Andrew Sullivan
Teamsters Local
Oral B
Sun Microsystems Inc
Ed Zander
Zander
Scott McNealy
Sun
America Online Inc
Google
Overture Inc
AOL
Mountain View
Calif
Ganske joins farm bill critics in House vote
Iowa lawmakers clash over the new farm bill as Rep. Greg Ganske and Sen. Chuck Grassley prepare 'no' votes. Boswell backs the measure, while Leach Nussle and Latham stay undecided amid debates over meatpacker bans and subsidy caps.
MENTIONED IN THIS ARTICLE
E. Michael Myers
Gazette
Washington
Greg Ganske
House
Chuck Grassley
Senate
Iowa
Leonard Boswell
Tom Harkin
Boswell
Grassley
Harkin
Agriculture Committee
House Democrats
Repub
Ganske
Jim Leach
Jim Nussle
Nussle
Tom Latham
Inflation worries seen in Iowa recovery
Creighton University index shows Iowa's economy expanding with a 63.5 reading in April, slight drop from March. New orders and production strong while prices paid and employment lag. inflation gauge rises, imports rebound, and Fed expected to raise rates in June.
MENTIONED IN THIS ARTICLE
Iowa
Creighton University
Creighton
Ernie Goss
Goss
Federal Reserve Board
Settlement clears Cedar Rapids Home Depot site dispute
A legal settlement frees the site for a new Home Depot in southeast Cedar Rapids despite eviction actions by Zhou and Jin Ni of China Buffet. The restaurant closed after turning over the building to Midwest Centers. the parties did not reveal the settlement amount. Construction is scheduled to begin this spring.
MENTIONED IN THIS ARTICLE
Gazette
Cedar Rapids
Home Depot
Zhou
Jin Ni
Midwest Centers
Target Discount
Midwest Cen
Ters
China Buffet
Midwest Center
Raphael Scheetz
Nis
Scheetz
John Deere Credit Union to Open Linn County Branch
John Deere Community Credit Union, Iowa’s largest with about 720 million dollars in assets and 98 000 members, will open its first Linn County branch in Marion Hy-Vee on May 31. The Waterloo based credit union plans further Linn County locations and aims to grow membership through retail banking.
MENTIONED IN THIS ARTICLE
Gazette Iown
John Deere Community Credit Union
Linn County
Marion
Waterloo
Iowa
John Deere
Point
Gilbertson
Linn
Johnson
Benton
Cedar Rapids
Iowa City
Cedar Falls
Commercial Federal Savings Bank
Also Mentioned on This Page
Nasdaq
Sun Microsystems
Google Scores
Meredith
Meredith Corp
Thomson Financial
First Call
AP Stockquote
Local
Farm Bill
GOP
Leach
Coca-Cola
Coca-Cola Enterprises
Chicago
Atlanta
David DeWitte
Davidd
C.R
Dave DeWitt
Seeme Eri
Www
Comfedbank.com
FDIC
Commercial Federal
Bank
Williams Blvd
Edgewood Rd
Seventh Avenue
Mt. Vernon Road
First Avenue
1St St
Monticello
Johnson Avenue
Rvice
Tex
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