Wall Street slips as Fed signals inflation risk
Investors rethink higher interest rates after the Fed warns inflation remains a risk to the economy. The Dow finished up 26.54 at 10 707.60, the Nasdaq rose 27.22 to 3165.49, while volume dipped to 1.29 billion on the NYSE. In Eastern Iowa stocks Quaker Oats, Conexant, Wal-Mart and Heinz gained, Wells Fargo fell, and Genencor slipped. Trans World Airlines and America West announce a code share expanding to 145 U.S. and international cities with 500 plus flights in 2001, subject to approvals. The partnership offers reciprocal frequent-flier access and joint check-in.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Wall Street
New York Stock Exchange
Iowa
Quaker Oats
Conexant
Wal-Mart
Heinz
Weyerhaeuser
Wells Fargo
Genencor
Trans World Airlines
America West Airlines
United States
TWA
America West
Cedar Rapids
Kirkwood Offers Value Added Agricultural Workshop
Kirkwood Community College hosts a Value Added Agricultural Workshop from 10 a.m. to 3 30 p.m. today at the Kirkwood Monticello Center on West First Street. The program features profiles of alternative crops and marketing programs plus technical and financial assistance options.
MENTIONED IN THIS ARTICLE
Kirkwood Community College
Kirkwood Monticello Center
West First St
Tractors Drive October Farm Equipment Sales Rise
U S four wheel drive tractor sales climbed in October from 340 to 423 while total farm tractor sales reached 14 791 up from 11 739 a year earlier. Year to date tractor sales stand at 134 876 up 12 2 percent from 120 361 last year. Combine sales fell 6 4 percent in October with 846 units sold. year to date 4 381 up 2 6 percent from 4 268. The Equipment Manufacturers Institute cautions that farm equipment sales are seasonal and monthly data should be used carefully.
MENTIONED IN THIS ARTICLE
Equipment Manufacturers Institute
Chicago
U.S
Intermec cuts Cedar Rapids jobs as Everett plant rises
Intermec Technologies plans to eliminate about 130 jobs over nine months as manufacturing moves to a larger Everett, Washington plant. In Cedar Rapids, many workers chose to stay, aided by company efforts to help find suitable work inside or outside the firm. Judy Griffith, benefits manager, praised the loyal workforce as transfers begin through Kirkwood Community College Career Development Center.
MENTIONED IN THIS ARTICLE
Everett
Wash
Cedar Rapids
Intermec
Judy Griffith
Kirkwood Community College
Intermec Offers Training and Internal Transfers Amid Cedar Rapids Layoffs
Intermec implements assessment testing for all employees and creates a six segment career counseling course. A computer is provided for online job searches and staff are urged to apply for internal postings. About two dozen workers have switched areas, not counting Everett transfers. Officials cite retention amid local labor shortages. Kirkwood Career Development Center praises the effort. Layoff numbers remain uncertain, possibly as low as eighty if retirees or new positions reduce the total.
MENTIONED IN THIS ARTICLE
Everett
Intermec
Cedar Rapids Protest Targets Staples Over Old Growth Wood
Six students including Ben Lebinski locked down outside the Cedar Rapids Staples office supply store as part of a coordinated protest against wood and paper from old growth forests and U.S. public lands. ISTEP leads the action demanding Staples sign a phasing statement similar to Home Depot’s. Staples defends its supply of recycled items and non old growth sources while noting talks with suppliers and meetings with Rainforest Action Network. Store officials say business remains unaffected.
MENTIONED IN THIS ARTICLE
Lebinski
Iowa Students Toward Environmental Protection
ISTEP
Staples
Home Depot
U.S
Cedar Rapids
Rainforest Action Network
University of Iowa
Grinnell
Rain Forest Action Network
Nutile
International Paper Co
Dave Henderson
Jill Peterson
St. Paul, Minn
Grinnell College
Iowa
Wiley
Fed holds rates at 6.5 percent amid inflation concerns
The Federal Reserve kept the federal funds rate at 6.5 percent, a nine year high, citing risks from inflation pressures and tight labor markets. It noted growth is slowing as it weighs energy price effects.
MENTIONED IN THIS ARTICLE
Fed
Iowa study says agricultural processing creates few jobs
The Iowa State University study finds processing of beef pork poultry dairy and grains accounted for less than 4 percent of non farm jobs and fell from 22 to 20 percent of manufacturing employment from 1992 to 1998. Agriculture Secretary Patty Judge disputes the findings citing missing data and ongoing diversification efforts.
MENTIONED IN THIS ARTICLE
Iowa
Judge
Galva
Ida County
Attorneys general urge Aventis to compensate farmers
Sixteen state attorneys general press Aventis CropScience to expand compensation for farmers and grain elevators harmed by StarLink corn. Iowa AG Miller asks for an expedited claims process, broader storage and testing resources, and additional staff, while Aventis already funds 25 cents per bushel to farmers for StarLink and buffer corn.
MENTIONED IN THIS ARTICLE
Des Moines
StarLink
Iowa
Tom Miller
Aventis CropScience
Aventis
Miller
U.S. Agriculture Department
eAn
Also Mentioned on This Page
Djia
Kirkwood
BizFacts
The
Netherlands
Pat Carr
By Dave DeWitte
Griffith
Kirkwood Career Development Center
Larry Harmon
Harmon
C.R. Staples
U.S. Forest
Tom Nutile
Gazette
Jim Slosiarek
Washington
Aegon USA
Cedar Rapids Community Schools
City of
Pella Corp
Norwood
Iowa City
Ane Oda
KTS Channel
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