Wall Street dips tighten gains as earnings stoke caution
Dow closes up 75.84 to 10,546.07 while Nasdaq falls 23.85 amid mixed earnings. Wal‑Mart, Heartland Express and U S Cellular rise, Conexant and Gillette slip. Dillard's posts Q3 loss on weak retail demand. sales drop to 1.98 billion. Dillard's operates Coralville and Waterloo stores.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Wal-Mart
Heartland Express
U.S. Cellular
Conexant
Sealed Air
Gillette
Dillard's Inc
Little Rock
First Call
Thomson Financial
Dillard's
Coralville
Waterloo
Metso extends bid for Svedala deal to Feb 2
Metso extends its $1.58 billion offer for Svedala Industri AB owner of Svedala Industries USA to February 2 as EU Commission and U S FTC continue reviews. Helsinki based Svedala says regulators advancing while Metso reaffirms June 21 offer.
MENTIONED IN THIS ARTICLE
Metso Corp
Svedala Industri AB
Svedala Industries USA
Universal Engineering
Cedar Rapids
United States
Helsinki
Svedala
EU Commission
U.S. Federal Trade Commission
Metso
ADM executives lose appeals over lysine market fixing
The Supreme Court rejected appeals by Michael D. Andreas and Terrance S. Wilson, former ADM executives, who were convicted in 1998 of conspiring with Japanese and Korean rivals to fix the world lysine market. Whitacre was also convicted in the case.
MENTIONED IN THIS ARTICLE
Supreme Court
Archer Daniels Co
Michael D. Andreas
Terrance S. Wilson
Andreas
ADM
Decatur
Wilson
Mark Whitacre
JAL Orders 11 Boeing Jets to Modernize Fleet
Japan Airlines contracts eight Boeing 777-200ERs and three 767-300ERs worth about 1.6 billion dollars. The MD-11s will be traded in, converted to freighters for UPS, and replaced by deliveries from 2002 to 2004.
MENTIONED IN THIS ARTICLE
Japan Airlines
Boeing Commercial Airplanes Group
JAL
Boeing
United Parcel Service
Treasury bill rates ease in weekly auctions
Short term debt yields fell in Monday's Treasury auction with $12 billion of three month bills at a 6.160 percent discount and $10 billion of six month bills at 6.045 percent. The effective yields stand at 6.344 percent for the three month and 6.322 percent for the six month on $10,000 bills.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Microsoft challenges judge in bid to overturn breakup
Microsoft filed appeals to the U S Court of Appeals arguing Judge Thomas Penfield Jackson showed bias and the breakup order was improper The company urged overturning the June ruling and a new trial with a different presiding judge External statements from the judge and the government were cited as context in the dispute over antitrust remedies
MENTIONED IN THIS ARTICLE
Microsoft
Jackson
Washington Post
New York
At&t
Holiday spending likely to slow this season
AP survey shows 24 percent plan to spend less and 18 percent more, signaling a slower consumer-led holiday rebound. The Consumer Federation of America and CUNA report debt worries and tighter budgets, with forecasts of 3 to 4 percent sales gains versus 7 percent last year.
MENTIONED IN THIS ARTICLE
Bobby Ratliff
Acrg-Tv
Lindale Mall
Cedar Rapids
Washington
Consumer Federation of America
Credit Union National Association
Bill Ham
Pel
CUNA
Hampel
International Council of Shopping Centers
Monsanto restricts planting and delays biotech corn varieties
Monsanto says it will limit next year’s plantings of a Roundup resistant corn and delay another corn variety until 2002 to protect U S and international markets. The moves follow concerns after a competing biotech corn appeared in food products without approval. A rootworm toxic variety will not reach market until 2002 and faces approval hurdles in Japan and Europe. The National Corn Growers Association backs the restraint to safeguard major export markets.
MENTIONED IN THIS ARTICLE
Washington
Monsanto Co
U.S
Hendrik Verfaillie
Monsanto
Verfaillie
United States
Japan
Europe
National Corn Growers Association
Susan Keith
Growers Group
GE names new chief
Jeffrey Immelt named to succeed Jack Welch as chairman of General Electric. Immelt, 44, has led GE Medical Systems and will assume GE parent company duties immediately. Immelt’s appointment caps years of speculation and positions him to reshape the world’s largest corporation by market value.
MENTIONED IN THIS ARTICLE
Washington Post
Jeffrey Immelt
Jack Welch
General Electric Co
Welch
Immelt
GE Medical Systems
General Electric Capital Corp
Cedar Rapids
Kerkorian Sues DaimlerChrysler Over 1998 Merger Claim
Billionaire investor Kerkorian files a Delaware suit seeking $9 billion and to unwind the 1998 DaimlerChrysler merger. Tracinda accuses Juergen Schrempp of deceiving Chrysler shareholders by portraying the deal as a merger of equals. The action targets Daimler-Benz and DaimlerChrysler amid leadership shakeups.
MENTIONED IN THIS ARTICLE
Kerkorian
DaimlerChrysler
Detroit
Kirk Kerkorian
Daimler-Chrysler AG
Juergen Schrempp
Chrysler
Delaware
Stuttgart
Daimler-Benz
Auburn Hills
Daimler-Benz AG
Daimler Chrysler AG
Tracinda
Schrempp
Financial Times
Also Mentioned on This Page
Blue Chips
Dillard’s
Rks
Djia
BizFacts
The
Et Gan
Krt
Judge
Vivek Varma
Justice Department
Gina Talamona
Court of Appeals
Netscape
C.R
Him
Effrey Immelt
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