Global markets fall as investors doubt recovery strength
U N resolution against Iraq and a pessimistic outlook from McDonald’s renew investor doubts, pushing U S stocks lower. Dow falls 49.11 to 8537.18 while Nasdaq slips 17.43 to 1359.28. week ends with mixed gains. Nash Finch postpones Q3 results amid SEC inquiry. IRS rules government grants taxable to small businesses in lower Manhattan. 1-800-Collect and WorldCom seek bankruptcy protection.
MENTIONED IN THIS ARTICLE
U.N
Iraq
McDonald’s
New York Stock Exchange
Internal Revenue Service
Lower Manhattan
Charles Rossetti
IRS
New York
Utility wins rate settlement for MidAmerican gas
Iowa regulators approve a settlement raising MidAmerican Energy natural gas revenues by 17.74 million dollars per year. East zone rates rise 6.8 percent, West 2.7 percent, with overall rates up four tenths of a percent plus a prior 2.2 percent interim increase. The deal ends one third of the 1995 merger caused imbalance, requires a two-year cap on further increases, and allocates 4.3 million for cleaning up former manufactured gas plants. Senior VP Todd Raba says balancing will proceed in two rate cases, not three, and customers will feel the effect only on delivery costs, not gas itself.
MENTIONED IN THIS ARTICLE
Dave DeWitt
Gazette
Iowa
Iowa Utilities Board
Western
MidAmerican
Midwest Gas
Iowa-Illinois Gas & Electric
Todd Raba
Raba
Corn grower vying for national title
Francis Childs, a renowned corn grower, has not disclosed his NCGA contest results but reports show his strip trials yielded 11 plots above 500 bushels per acre. With 3,300 entries this year, his past records and shifting planting strategy underline his status in North American corn production.
MENTIONED IN THIS ARTICLE
Dan Zink
the Gazette
Manchester
Francis Childs
Corn Growers Association
Gary Bradley
Corn Growers’ Group
St. Louis
Childs
Bradley
Pioneer Hi- Bred International Inc
Iowa Farmer Today
SBA Grants 22 Loans in October for Iowa District
Cedar Rapids SBA district guaranteed 22 loans totaling 4.4 million in October, creating or retaining 379 jobs. Largest loan was 684,000 to Salzman International Inc. in Davenport for animal by products for pharma uses. Scott County firms got 1.75 million across seven loans, Cedar Rapids area three counties total 180,000 for 13 jobs, Johnson County 220,000 for 18 jobs.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
U.S. Small Business Administration
Iowa
Salzman International Inc
Davenport
SBA
Scott County
Linn County
Hiawatha
Marion
Johnson County
October SBA loans in Cedar Rapids and surrounding Iowa towns
Quizno's Classic Subs in Iowa City received a 145000 SBA loan with 123250 guaranteed. Sweet Pea's Boutique in Coralville got 75000 with 37500 guaranteed. Gray Transportation Inc in Waterloo was the only guaranteed loan recipient in Black Hawk County. The 641000 loan will create or retain 160 jobs.
MENTIONED IN THIS ARTICLE
Quizno
Iowa City
Sweet Pea
Coralville
SBA
Gray Transportation Inc
Waterloo
Black Hawk County
Midland Forge to Expand in Cedar Rapids Under Incentives
Iowa approves Enterprise Zone benefits for Midland Forge expansion at 1050 50th Ave SW Cedar Rapids. The move plans relocation of 12 machining centers from Damascus Virginia to the plant, with $1 million value and $125,000 foundation and utility upgrades. Ten new jobs at $13.50 per hour and 153 current staff.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Des Moines
Iowa Department of Economic Development
Midland Forge
Cedar Rapids
50Th Ave
Columbus McKinnon Corp
Damascus
Allen Merta
Merta
K.P. Persaud
Amherst
N.Y
Qwest closes part of directory sale in bid to cut debt
Qwest Communications International closes the 2.75 billion sale of its QwestDex directory unit eastern operations to raise cash and reduce a 3.4 billion credit line to 2 billion. Dex Media Host will run operations in several western states, with about 1380 employees.
MENTIONED IN THIS ARTICLE
Denver
Qwest Communications’ International Inc
Qwest
Welsh, Carson, Anderson & Stowe
Carlyle Group
US West Communications
Dex Media Host
Arizona
Idaho
Montana
Oregon
Utah
Washington
Wyoming
Also Mentioned on This Page
DOW
McDonald's
Nash Finch
Nash Finch Co
Securities and Exchange Commission
SEC
Econofoods
WorldCom
ciTyune
AP Stockquote
Local
East Zone
West Zone
David.dewitte
Tecommunications
Henry A. Wallace
United States
Canada
Mexico
SBA Loans
George.ford
Keatinns.com
Gazette Map
State OK
C.R. Firm
Midland Forge Division
Colorado
Minnesota
Nebraska
New Mexico
North Dakota
South Dakota
QwestDex
Penford Corn
Columbus McKinnon
PepsiCo
Comci Fed
Procter Gamble
Deere Co
Qwest Commun
Dillards Inc
WAT
RF Micro Devices
Fastenal Co
Ratcorp Holding
Featherlite Inc
Rockwell Collins
Saks Inc Fisery
Genencor Intl Inc
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Verizon Comm
Marsh & McLennan
WalMart
Gary Speicher
Vernon Rd
Advisors
Thomas Haley
Ashton Place
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