Markets Slip As Investors Lock In Gains Amid Cautious Tone
Stocks edged lower on Monday as traders took profits from last week's rally and awaited key reports and next week's Federal Reserve meeting. The Dow fell 16.07 to 10,935.17 while the Nasdaq declined 17.96 to 2,173.57. volume moved 1.13 billion on the NYSE. Eastern Iowa stocks showed 17 gains, 31 losses, two unchanged with Kohl's down 1.55 to 57.90 and U S Cellular off 1.44 to 21.24.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
Iowa
Kohl’s
U.S. Cellular
LucentTech
GenlElec
WilliamsCos
NortelNet
EMC Corp
Ange American
Cisco
Oracle
Indus
Standard & Poor's Indus
Transet
Utilities
Santa Monica
Calif
Consumer borrowing slows as March credit gains slim
Fed reports total consumer credit rose 6.2 billion dollars in March at a 4.7 percent annual pace the slowest since October 1999. Weyerhaeuser raises its bid for Willamette to 50 dollars a share. Procter and Gamble buys Moist Mates for rebranding as Charmin Fresh Mates.
MENTIONED IN THIS ARTICLE
Federal Reserve
Procter & Gamble Co
Moist Mates
California
Charmin Fresh Mates
P&g
Moist Mates LLC
Placentia
Calif
Cotton Buds Inc
Cotton Buds
Procter & Gamble
Treasury bill rates fall as auctions post lower discounts
The Treasury sold 10 billion in three month bills at 3.660 percent discount, down from 3.885 last week, and 9 billion in six month bills at 3.620 percent, down from 3.860. The new discounts imply yields of 3.745 percent for the three month and 3.738 percent for the six month. The Fed reported the 1 year constant maturity bill yield rose to 3.90 percent from 3.82 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Amana Appliances to Hire 100 Workers Amid Strong Demand
Amana Appliances plans to add 100 production workers after recalling most of the 350 laid off last October due to weaker retail demand. New Energy Star models including the Easy Reach Plus refrigerator boost orders. California benefits from energy market conditions. Local plant employs about 3,000 with starting wages of 9.65 to 11.80 per hour and full-time positions available. Applicants can apply weekdays 7 am to 7 pm at the factory off Highway 220 two miles west of U.S. 151.
MENTIONED IN THIS ARTICLE
Amana
California
Maheras
Circuit City
Diamond Dave's to Move Into Iowa City Mall With New Entrance
Diamond Dave's Restaurant will relocate from Old Capitol Town Center to street level Clinton Street in Iowa City. The 3600 square foot, two story entry design will seat 173 after a $400 000 to 500 000 remodel set to open in August, with plans for enhanced menus and brighter interiors.
MENTIONED IN THIS ARTICLE
Diamond Dave
Iowa City
Buffalo Wild Wings Grill & Bar
Diamond Cave
Clinton Street
Stan White
Diamond Dave’s
White
Coral Ridge Mall
Coralville
Old Capitol
Dave Full
Planet X Family Amusement
Jcpenney’s
Teaspoons
Diamond Dave's
Sycamore Mall
Diamond Cave's
Shaw & Schoenfelder Architects
Ag chief reassures grocers on foot-and-mouth risk
Agriculture Secretary Ann Veneman told grocers in Chicago that the United States is working to prevent foot-and-mouth disease, increasing airport inspection teams and sending veterinarians to learn from Britain’s outbreak. She spoke at the Food Marketing Institute's annual show.
MENTIONED IN THIS ARTICLE
U.S. Agriculture
Ann Veneman
Diana Weydig
Mary Jane Beechen
Christie Cookie Co
Food Marketing Institute
Chicago
United States
Britain
Agriculture Department
Veneman
Iowa farmers plant 56 percent corn by week. soybeans 5 percent
Iowa Crops and Weather report shows corn planting at 56 percent versus 91 a year ago and a five year average of 61 percent, with soybeans at 5 percent. Last week brought 2.76 inches of rain statewide enhancing moisture and causing ponding and erosion in some regions. Harold and David Heidemann of Lisbon and Springfield completed corn by April 29 and expect to start soybeans after helping a neighbor.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Iowa
Iowa Crops & Weather Report
Central District
Harold Heideman
Lisbon
David Heideman
Springville
David
Heidemans
Harold
United Fire posts record first quarter income in 2001
Cedar Rapids based United Fire and Casualty Co reports first quarter 2001 operating income of 10 million dollars or 1.00 per share up from 3.3 million and 0.33 per share a year earlier. Revenue totals reached 112.8 million with net premiums rising 18 percent. Property and casualty income firmed to 7.9 million while life segment earned 2.7 million. management expects about 15 percent 2001 premium growth.
MENTIONED IN THIS ARTICLE
United Fire
United Fire Management
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Djia
Weyerhaeuser
Weyerhaeuser Co
Willamette
BizFacts
U.S
Sumner
Police
Foldary
Ssugianon UI Aerie Yaenamt
Pat Carr
Graphic
Paul
Garnet
Travel Magazine
Amana Appliances
By Dave DeWitte
David DeWitte
Davidd
Ag Chief
Grocers
Mariene
Fyiowa
Iowa Agricultural Gazette Graphic Statistics
Nyse Index
Banks
Biotech
Computer
Finance
Indust
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Telecom
Transport
Associated Press
George Ford
Georgef
the Gazette
Neighbors
P.O
Cedar Rapids
Electronic Engineering
Motorola
6Th Street
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