Wall Street extends losses on earnings worries and tech downgrades
Pessimism across markets deepened as earnings concerns and a slow U S economy weighed on stocks. The Nasdaq fell 151.55 to 2875.64 while the Dow declined 167.22 to 10462.65 amid widespread declines and lighter volume. Eastern Iowa stocks showed mixed results with 17 gains and 27 declines.
MENTIONED IN THIS ARTICLE
Wall Street
U.S
New York Stock Exchange
Iowa
Quaker Oats
Gillette
General Electric
Conexant
Genencor
Maytag
Chrysler executives leave as DaimlerChrysler reorganizes
Three top Chrysler executives exit DaimlerChrysler AG after a new German management team was appointed to cut losses. Kathleen Oswald, Theodor Cunningham, and Antonio Cervone depart, all key figures in administration, sales, and communications respectively.
MENTIONED IN THIS ARTICLE
Chrysler
DaimlerChrysler AG
Kathleen Oswald
DaimlerChrysler
Juergen Schrempp
Theodor “Ted” Cunningham
Chrysler Brands
United States
Antonio
Tony” Cervone
General Motors Corp
New Stamps Set for Dec and Jan as Postage Rises
The Postal Service announced three new stamps will debut December 15 with a fourth in January to cover the 34 cent rate. A first class rate increase of one cent, approved by the Rate Commission, will take effect in January. Early stamps lack price marks due to preprint printing.
MENTIONED IN THIS ARTICLE
Independent Postal Rate Commission
Treasury bills rates fall in Monday auctions
The Treasury sold 11 billion in three month bills at 6.175 percent and 10 billion in six month bills at 6.050 percent. Discount rates understate returns at 6.360 percent and 6.327 percent respectively. The Fed reported one year bill yields averaged 6.09 percent, down from 6.14 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Cola rivals seek Quaker Oats in Gatorade bid
Coca-Cola Co and PepsiCo vie to buy Quaker Oats maker of Gatorade as carbonated soft drinks lag and sports drinks surge. Quaker boards weigh approaches from Coke and Danone though no deal is guaranteed. Quaker stock edges higher on takeover chatter.
MENTIONED IN THIS ARTICLE
Chicago
Coca-Cola Co
PepsiCo
Quaker Oats Co
Quaker
Coke
Pepsi
Gatorade
John Sicher
Beverage Digest
Quaker Oats
France
Danone SA
Evian
The
Wall Street Journal
New York Times
Purchase
N.Y
Danone
Paris
Coca-Cola
New York Stock Exchange
United States
Knutson unveils slanted Scott Boulevard office in Iowa City
Knutson Construction Services opens a 700000 dollar office on 2351 South Scott Boulevard. The 7000 square foot building features a two story reception and a slanted exterior. The design draws attention while housing a radiant heat system and a fire proof data room. The company reports 55 million dollars of annual business across three states and plans 10000 dollars in landscaping next year. The facility opened in July 1999.
MENTIONED IN THIS ARTICLE
Brooks, Borg and Skiles
Des Moines
Calacci
Knutson
Midamar targets vegetarian market with Ethnic Treasures
Midamar Corp introduces Ethnic Treasures frozen vegetarian line including potato pancakes and vegetable patties aimed at vegetarians and Muslims. Contracts with Illinois maker, pricing $3 to $4 per package, distributed through existing Midamar and Zaki channels. Available at Hy Vee Iowa City and Midamar HQ Cedar Rapids.
MENTIONED IN THIS ARTICLE
Midamar
France
Illinois
Hy-Vee
Iowa City
60Th Ave
Cedar Rapids
ABC approves changes to paid newspaper circulation reporting
The Audit Bureau of Circulations preliminarily approves new rules expanding paid circulation counts. Newspapers may include copies sold at 25 percent of the set price and must report price bands and bulk hotel distributions. Final approval expected in March.
MENTIONED IN THIS ARTICLE
New York
Audit Bureau of Circulations
Schaumburg
ABC
Toronto
Manpower sees hiring slowdown in Cedar Rapids Iowa City
Manpower Inc reports Cedar Rapids and Iowa City face a cooler first quarter 2001 hiring outlook. Cedar Rapids 13 percent plan increases, 17 percent cuts, 70 percent no change. Iowa City 13 percent up, 87 percent no change. Nationwide 27 percent add, 10 percent cut, 58 percent no change.
MENTIONED IN THIS ARTICLE
Iowa City
Cedar Rapids
U.S
Iowa
Dubuque
Also Mentioned on This Page
Djia
BizFacts
Cmil I
Sou
Krt
I.C. Construction Company
By Marlene Lucas
Minneapolis
Missouri
John Calacci
Teer Ea
By Dave DeWitte
Circulation Bureau
John Gavin, Jr
Sharee
Collins Community Credit Union
NCAA
Bee Esteem
Collins Community . Credit Union
Benton
Buchanan
Cedar
Delaware
Johnson, Jones
Iowa & Linn
Collinscu
14Th Ave
Mere
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