Markets Slip as Tech Rout Deepens and Fed Cues Loom
Stocks fell sharply with the Nasdaq down 200.28 to 3,384.73 and the Dow off 168.97 to 10,367.78 as investors fretted about rates. Volume was light on the NYSE at 1.20 billion shares amid widespread declines and mixed individual moves including RF Micro Devices up 3 percent and Procter & Gamble nudging higher. A USDA program will offer seven year low cost farm loans with applications starting May 30. A boycott against Coca Cola began in 10 cities led by the Committee for Corporate Justice, targeting Sprite and Coke vending shifts to Pepsi. Iowa unemployment benefits declined by 11.7 million in April, with total benefits at 17 million for 25,469 claimants, due to fewer construction claims and an uptick in manufacturing, construction, and services layoffs.
MENTIONED IN THIS ARTICLE
Procter & Gamble
Fiserv
Maytag
U.S
Committee For Corporate Justice
Pepsi
Coke
Iowa
Motorola
WM Transport
At&t Corp
At&t
American Stock Exchange
Intel
Oracle
DeliCatr
DOW Jones
Amex
Chg
Ago
Cho Ago
Biotech
Standard & Poor's Finance
Indust
Ines A Telecom
Transpt
Transport
Wilshire Associates
K-tel Faces Nasdaq Delisting Over Market Value
Plymouth based music retailer K t el International may be delisted from Nasdaq for failing to meet minimum requirements. The company has until May 22 to develop a plan to regain compliance as it no longer meets the $50 million market capitalization or asset and revenue thresholds for continued listing.
MENTIONED IN THIS ARTICLE
K-tel International
Plymouth
Microsoft offers mild remedies to antitrust case
Microsoft asks a federal judge to reject the government breakup plan and proposes remedies such as removing the Windows desktop browser icon for Internet Explorer and allowing equal treatment of rival software on the Windows desktop. The company says its measures fully redress the violations found in the case.
MENTIONED IN THIS ARTICLE
Washington
Microsoft Corp
Justice Department
Microsoft
U.S
Thomas Penfield Jackson
New Orleans
Steve Ballmer
Jackson
WholeSoy Foods launches Heartland Fields soy entrees
West Des Moines company WholeSoy Foods LLC unveils Heartland Fields Soy Barbeque Soy Steak Strips and Italian-Style Soy Sausage at the Food Marketing Institute show in Chicago. Plans include Soy Krisps and soy dairy products later, with vertically integrated growers processors and manufacturers to preserve soybean identity. Availability begins in late May in select grocers and health food stores.
MENTIONED IN THIS ARTICLE
WholeSoy Foods LLC
West Des Moines
Food Marketing Institute
Chicago
Heartland
WholeSoy Foods
Schillinger Seed Inc
Cumming
Iowa Soy Specialties
Vinton
Grinnell
Whole Soy Foods
Heartland Fields
Iowa
Dan van Steenhuuse
Lisbon firm opens Utah distribution center for 230 jobs
Riverstone Inc of Lisbon Iowa will locate a new West Valley City call center and Salt Lake City distribution center creating 230 jobs. The firm chose Utah after reviewing Nevada and Colorado sites, citing Utahs central western location as key.
MENTIONED IN THIS ARTICLE
Lisbon
Utah
Salt Lake City
Iowa
Riverstone Inc. of
West Valley City
Nevada
Colorado
Mike Mulvehill
Riverstone
Tammy Kikuchi
Economic Development Corporation of Utah
Continental tops Frequent Flyer airline ranking
Continental was named the favorite airline by Frequent Flyer readers in a poll with JD Power and Associates. It led in both long haul and short haul categories, scoring 123 and 122 points respectively, ahead of TWA Southwest and United. Factors cited included on time performance check in ease, flight attendants seating comfort and food service.
MENTIONED IN THIS ARTICLE
Washington
Frequent Flyer Magazine
Continental
TWA
J.D. Power and Associates
Southwest
United
Outbreaks raise fears at pork expo
Des Moines reports pseudorabies outbreaks rack up in Iowa with about 500 herds infected. Breeders urge excluding Iowa hogs from the World Pork Expo June 8 to 10 in Indianapolis as officials inspect health papers and regulate show participation.
MENTIONED IN THIS ARTICLE
Des Moines
Marty Latham
Illinois
Iowa
Dale Hendrickson
Ind
Indiana State Fairgrounds
Indianapolis
United States
Hendrickson
Darrell Anderson
West Lafayette
Also Mentioned on This Page
U.S. Department of Agriculture
USDA
Farm Service Agency
Fsa
Usda.gov
Sprite
K-tel
BizFacts
Pat Carr
Paul Trap
Lowa Group
Iowa News Service
van Steenhuyse
Dan van Steenhuyse
Welter
Blairs Ferry
Cedar Rapids
Monticello
Nyse Index
Source
Associated Press
Collins Community Credit Union
Marion Branch
Icollins Community DC Credit Union
Marion Hy-Vee
NCUA
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