Wall Street slides as traders trim profits amid fears
Investors sold stocks on Monday amid weak growth signals and terror warnings. The Dow fell 123.58 to 10 229.50 and the Nasdaq dropped 39.80 to 1 701.59, with volume light. WorldCom rose while Rockwell Collins gained. tractor sales rose year over year while four wheel drive units fell. Toys R Us narrowed losses in Q1 aided by online sales. A recall affected 26 000 infant car seats from Safety 1st and Beatrix Potter lines. The Conference Board index of leading indicators slipped 0.4 percent in April signaling a slow recovery.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
World. Com Group
Rockwell Collins
United States
Association of Equipment Manufacturers
Chicago
Toys “R” Us Inc
Toys “R” Us
Dorel Juvenile Group Inc
Columbus
Ind
U.S
Conference Board
Ken Goldstein
Disease threatening Iowa corn raises seed crop concerns
Iowa State University plant pathologist Forrest Nutter warns Stewart's disease likely this year in sweet and seed corn. Warmer winter did little to curb corn flea beetle populations carrying disease bacteria, with southern Iowa at highest risk. Graduate ISU researchers inspect 1300 fields annually. 10 to 15 percent of seed corn fields may be affected, risk strongest in southern two thirds.
MENTIONED IN THIS ARTICLE
Stewart
Forrest Nutter
Iowa State University
Nutter
ISU
Iowa
Cool weather slows Iowa corn and soybean germination
Cold conditions hinder germination across Iowa with only 45 percent of corn plants emerged versus a five year average of 56 percent and 6 percent of soybeans emerged compared with 21 percent by this date. The pace probes the season's potential yield as farmers wait for warmer days to spur growth.
MENTIONED IN THIS ARTICLE
Lowa’s Ee
Iowa crop progress near normal planting by date
The Iowa Crops and Weather report issued Monday shows farmers have planted 94 percent of corn, 54 percent of soybeans as of now. This compares with typical levels of 92 percent for corn and 57 percent for soybeans, while last week’s temperatures averaged five degrees below normal.
MENTIONED IN THIS ARTICLE
Duane Creek
Don Rosdail
Springville
Iowa Crops & Weather Report
Iowa
WorldCom consolidates Ebbers loan into 408.2 million note
WorldCom reports in a SEC filing that Bernard Ebbers' loans to the company are now a single 408.2 million promissory note repayable over five years with interest. The note includes 198.7 million repaid to Bank of America and 165 million Ebbers owed by the company.
MENTIONED IN THIS ARTICLE
Washington
Dow Jones AP
WorldCom Inc
Bernard Ebbers
Securities and Exchange Commission
Ebbers
Clinton, Miss
WorldCom
Bank of America
Metromedia Fiber Network files for Chapter 11 bankruptcy
Metromedia Fiber Network Inc and most domestic units filed voluntary Chapter 11 petitions in New York to reorganize and fund operations. The company, based in White Plains, operates fiber networks in 51 North American cities and 16 European cities and plans deep cost cuts and de-leveraging while continuing to operate.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Metromedia Fiber Network Inc
Metromedia Fiber
White Plains
N.Y
North America
Metromedia
Metromedia Fiber Network Government Services Inc
Also Mentioned on This Page
Nasdaq
Toy ‘R’ Us
Iowa Agricultural Statistics
Company
Dan Washburn
Commercial Federal
Cedar Rapids
FDIC
Telecom
McLeodusa Inc
Global Crossing Inc
McLeodusa
Global Crossing
Hong Kong
Hutchison Whampoa
Singapore Technologies Telemedia
Cynthia Artin
Clancy
Farry Facmer
BTS
Federal
Prenead Depost
Bank
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