Tech stocks rally as Dow nears 11,000 on upbeat Nasdaq
Tech shares surged with the Dow closing up 135.37 at 10,971.14 while the Nasdaq rose 178.23 to 3,369.63. Volume reached 1.61 billion with Advancing issues twice as many as decliners. Eastern Iowa stocks showed mixed moves led by RF Micro Devices and U.S. Cellular.
MENTIONED IN THIS ARTICLE
Dow
Procter & Gamble
New York Stock Exchange
Iowa
Conexant
U.S. Cellular
Fiserv
Penford
Rockwell
Genencor
Quaker Oats
Heinz
WorldCom
Consumer Confidence Drops Ahead of Holiday Season
The Conference Board reports October consumer confidence at 135.2, down from 142.5 in September and far below the May high of 144.7. The index, derived from a survey of about 5,000 U.S. households, gauges future spending that drives two thirds of the economy.
MENTIONED IN THIS ARTICLE
Conference Board
U.S
New Home Sales Jump in September to Six Month High
The Commerce Department reports a 9.2 percent September rise in new home sales to a seasonally adjusted annual rate of 946,000, the strongest since March 947,000, driven by cheaper mortgage rates as buyers lock in deals contrary to analyst forecasts.
MENTIONED IN THIS ARTICLE
Commerce Department
Treasury sells 50 day cash management bills at 6.38% discount
The Treasury Department sold 50 day cash management bills on Tuesday at a discount rate of 6.38 percent. The discount rate understates the actual return to investors 6.53 percent with a $10,000 bill selling for $9,911.40. A total of $32 billion in bills were sold out of bids totaling $52 billion.
MENTIONED IN THIS ARTICLE
Treasury Department
McLeodUSA Qwest strike deal expands services and revenue
McLeodUSA Inc and Qwest Communications announce a 600 million dollar three year wholesale agreement. McLeodUSA will buy voice and data services to resell under its own brand enabling DSL for customers in Qwest territory. The pact helps Qwest move toward offering long distance once local networks are open to competitors.
MENTIONED IN THIS ARTICLE
George C. Ford
McLeodusa Inc
Qwest Communications
Cedar Rapids
McLeodusa
Qwest
Steve Gray
McLeod- USA
Gray
US West
McLeodUSA Qwest deal expands access and markets
McLeodUSA Inc and Qwest Communications announce a $300 million multiyear agreement. Cedar Rapids based McLeodUSA gains access to Qwest data and voice networks and adds DSL services while reducing development costs for co located switching centers in 14 states. Joe Nacchio calls the move a push to open all markets to competition.
MENTIONED IN THIS ARTICLE
McLeodusa Inc
Qwest Communications
Cedar Rapids
C R Chamber honors three Iowa firms with Bravo awards
The Cedar Rapids Area Chamber of Commerce honored Pratt Audio-Visual & Video Co. of Cedar Rapids Vector Corp. of Marion and Yeoman & Co. of Monticello with Bravo awards for community impact and business success. Pratt traces back to 1938 aiding film libraries and grew into a regional leader. Vector began 29 years ago in Cedar Rapids and now serves as a global equipment maker. Yeoman & Co. started in 1929 in Monticello, evolving into Yo-Ho Quality Tools with about 20 employees.
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George C
University of Iowa
Pratt
Elma
Pratt Audio-Visual and Video
Iowa
Nebraska
North
South Dakota
Illinois
Jerry Zahrodnik
Vector Corp
Cherry Burrell Corp
Cedar Rapids
Coaltin
Hiawatha
Vector
Marion
Huxley
Cranbury
N.J
Yeoman & Co
Monticello
William F. Yeoman
Tom Yeoman
Watkins man named finalist for national FFA honor
Roy Becker of Watkins advanced as one of four finalists for the American Star in Agribusiness award by the National FFA Organization. He receives 1000 from the National FFA Foundation and will join an international Costa Rica tour. Becker, 1998 Benton Community graduate, built Roy's Truck Farm and worked with Amana Society Service Co. in water treatment, plumbing, and soil management.
MENTIONED IN THIS ARTICLE
SAE
Becker
The
Amana Society Service Co
Steve Meyer
Vinton Roy Becker
Watkins
Amana
FFA Organization
Subsidies Expand to Ethanol Biodiesel Fuel Crops
The Agriculture Department will offer direct subsidies to ethanol biodiesel and other biofuel makers to buy corn and soybeans, with payments capped at 7.5 million per company and ranging 29 to 40 percent of crop costs. The two year program aims to help farmers, boost energy security, and support environmental goals, potentially aiding up to 58 facilities in 18 states.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Dan Glickman
America
Archer Daniels Midland Co
Usda of
Ficials
United States
Albert Lea
Minn
Agra Resources Cooperative
Charles Pyatt
Iowa
Pyatt
Also Mentioned on This Page
Djia
Treasury
BizFacts
Vorative
Pat Carr
Suuuoouuuo
Joseph P. Nacchio
C.R. Chamber
FFA
David Hill
Benton
Roy
Roy Becker
Johnson County
Herteen & Stocker
Jewelers
Iowa City
S. Dubuque Street
Oyster Perpetual
Explorer
Oakdale Systems, Inc
Custom Software Development
Primus
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