Global stocks slip on Cisco forecast amid modest gains
Wall Street retreated after Cisco Systems forecast a dim outlook with investors taking profits. The Dow fell 184.77 to 8,586.24 and the Nasdaq dropped 42.28 to 1,376.71 as activity cooled. General Mills plans to close a Hazelwood Missouri plant affecting over 400 jobs. Deere & Co expects at least 63 million in Q4 earnings. Mortgage rates declined for the second straight week with 30-year at 6.11 percent and 15-year at 5.48 percent. The data excludes points.
MENTIONED IN THIS ARTICLE
Cisco Systems
Wall Street
New York Stock Exchange
General Mills Inc
Hazelwood
St. Louis
General Mills
Marybeth Thorsgaard
Pillsbury
Supervalu Inc
Eden Prairie
Minn
Freddie Mac
AEGON
United States
Enron
WorldCom
U.S
Jcpenney Insurance
PepsiCo
Columbus McKinnon
Procter Gamble
Come! Fed
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Ralcorp Holding
Featherlite Inc
Rockwell Collins
Saks Inc
Fiserv AY
Sealed Air
Genencor Intl Inc
Skyworks Solution
Gen Mills
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
AW Intl Paper
Old Fire Cas
US Bancorp
Keane Inc
US Cellular
Kohls Corp
Longon File
Unova Inc
Macc Pry Eat
Verizon Comm
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weyerhauser
Health insurance costs to rise for 2003 says Aon survey
Aon Consulting surveyed 20 carriers finding employer health plan costs will climb 13.9 to 18 percent next year. Prescription drug coverage leads with an 18.3 percent rise, while dental and vision costs grow more slowly. Tiered co payments and defined contribution plans may spread costs and involve employees in managing care.
MENTIONED IN THIS ARTICLE
the Gazette
Aon Consulting
Aon
Vision
Dana Chapman
Cedar Rapids
Chapman
Heartland Expands with Great Coastal Express Acquisition
Heartland Express reports June acquisition of Virginia based Great Coastal Express adding 428 trucks and 150 owner operators for 156 million dollars cash. Company plans to replace aging fleet and cut operating costs into the low 90s by year end while absorbing back office tasks and trimming lower paying freight to boost profitability.
MENTIONED IN THIS ARTICLE
the Gazette
Coralville
Heartland Express
Great Coastal Express
Heartland
Great Coastal
Bb&t Capital Markets
New York
Mike Gerdin
John Cosaert
Cosaert
Oper
AEGON tops projections for earnings
AEGON n v reported Q3 earnings above expectations with net income of 421 million dollars, while full-year guidance indicated a 35 percent drop from 2001. Revenue fell to 7.2 billion, as provisions for U.S. bond defaults rose to 138 million.
MENTIONED IN THIS ARTICLE
Amsterdam
Netherlands
Aegon N.v
Aegon USA
Cedar Rapids
AEGON
United States
Don Shepard
U.S
Lodgian Nears Exit From Bankruptcy Plan Approved
Lodgian Inc the Atlanta based owner of the Crowne Plaza Five Seasons in Cedar Rapids wins court approval for a reorganization plan under Chapter 11 The plan exchanges stock for debt and promises recoveries of 87 percent for senior subordinated notes 53 point four percent for general unsecured claims and a small fraction for existing stock The company expects emergence within 30 days and cites excessive debt and post 9 11 travel slowdown as causes
MENTIONED IN THIS ARTICLE
the Gazette
Atlanta
Crowne Plaza
Cedar Rapids
Ledigian
David Hawthorne
Lodgian
Notehold
Ers
Service Inc
West Palm Beach, Fla
Impac Hotel Group
Service
Crowne Plaza Five Seasons
Aetna Life Insurance Co
Cedar Rapids Hotel Business Partners Inc
C.R.I. Hotel Associates
Heating costs for Iowa homes rise varies by fuel type
Iowa DNR projects natural gas heating costs up 19 percent this winter adding about 114 dollars for a typical home. Heating oil use could jump 45 percent or about 250 dollars, while propane users face around 22 percent higher costs or about 195 dollars more.
MENTIONED IN THIS ARTICLE
the Gazette
Iowa Department of Natural Resources
DNR
Iowa
DNA Energy
David Downing
Downing
Also Mentioned on This Page
DOW
Nasdaq
Cisco Narning
Missouri
Deere
Deere & Co
Moline
Thomson First Call
SciTyme
Iowa City
AP Stockquote
Local
P&g
Gazette Photo
West Branch
Procter & Gamble
Midwest
Worley Warehousing
By Dave DeWitte
Gordin
Ford
Federal Express
Airborne Express
Sears, Jcpenney Co
Office Depot
Sorge
Gazettecommunications.com
Aegon Chairman
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