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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Nov 08, 2001

Page

16

Iowa economy rated below average in Development Report Card

The Development Report Card for the States gives Iowa a D in economic vitality for the third straight year. Iowa ranks last in new company formation and low in growth of the traded sector, while Milken Institute places Iowa at 38th in readiness for a new information economy.

Iowa Milken Institute New Economic Index Iowa Department of Economic Development Phil Thomas

Wall Street Holds Cautious Tone as Dow Dips

U S stock indexes drifted with the Dow down 36.75 to 9 554.37 while the Nasdaq rose 2.45 to 1837.53. Volume reached 1.74 billion shares as investors await clear signs of real economic improvement. Local movers include Genencor and Nash Finch advances, U S Cellular and Toyota declines, with Famous Footwear expanding in Heartland Plaza. Lands End reports strong quarterly earnings and Progress Lighting recalls 10 600 fluorescent lights over fire risk. no injuries reported.

Wall Street New York Stock Exchange Genencor Nash Finch AEGON U.S. Cellular Toyota Wal-Mart South Carolina Progress Lighting Spartanburg Consumer Product Safety Commission

Genencor and P&G sign $600 million five year pact

Genencor International and Procter & Gamble sign a five year agreement to supply protease enzymes for laundry and dish detergents. The contract, worth about 600 million over its life, expands a nearly 20 year partnership and positions Genencor as a leading biotechnology supplier.

Genencor Biotechnology W. Thomas Mitchell Tom Pekrich Procter & Gamble Cedar Rapids

Maytag Amana union talks resume after eight weeks

Negotiations between Maytag and Machinists Local 1526 at Amana Refrigeration Products restart with a Federal Mediation Service presence. The union seeks improved pay and benefits while Maytag offered increases totaling 1.47 per hour over three years and higher health insurance costs for workers.

Amana Maytag Federal Mediation & Conciliation Service Ed Miller Machinists Local 1526 Miller

U S Productivity Rises in Third Quarter Amid Hour Cuts

The Labor Department says output per hour rose 2.7 percent in Q3, while total hours worked fell by 3.6 percent as businesses cut payrolls to cope with weak demand. The drop in hours was the largest since 1991, marking a sharp productivity gain.

Washington Labor Department

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IDEC Colorado Connecticut Massachusetts Minnesota Thomas David DeWitte Davidd Corporation For Enterprise Development Famous Footwear Coralville Heartland Plaza Mark Abels Long Grove Elissa Frederick Lands’ End Dodgeville Wis Djia Sabena Brussels P&g George C. Ford Carlo Soave Vice Press George Ford Georgef Collins Community Credit Union Benton Buchanan Cedar Delaware Johnson, Jones Iowa & Linn Collinscn.org 42Nd St. NE Poe Axry Reed 14Th Ave Marion Branch 45Th St 45Th St. NE NCUA Amana Union Commercial Federal. Bank FDIC Williams Blvd First Avenue Cn Avenue Marion Van Edgewood Rd 1St St Monticello Mt. Vernon Road Johnson Avenue Comfedbank.com
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