Nasdaq Drops to Four Month Low on Tech Selloff
Technology shares led a broad decline as the Nasdaq finished at 3,455.83, down 113.07 after the Fed held rates but cautioned on inflation. The Dow gained 19.61 to 10,719.74 while NYSE decliners edged advancers. Eastern Iowa stocks mixed with Deere, Weyerhaeuser, International Paper and Sealed Air rising, Conexant and Genencor retreating.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Iowa
Deere
Weyerhaeuser
International Paper
Joint Web hosting venture formed by Computerra and Oakdale
Computerra Inc. of Iowa City and Oakdale Systems Inc. of Coralville join to host and maintain client Web sites. The service offers storage bandwidth and pre launch testing with 24 hour on call support. Oakdale brings networking expertise while Computerra focuses on site design and maintenance. The venture will operate from Oakdale Systems offices due to rising demand for Windows NT based hosting.
MENTIONED IN THIS ARTICLE
Computerra Inc
Iowa City
Coralville
Cumulus Buys Four Iowa Radio Stations
Cumulus Media Inc. purchases Connoisseur Communications owning KCRR-FM 97.7 KKCV-FM 98.5 KOEL-FM 92.3 and KOEL-AM 950 in the Waterloo area. Don Morehead named manager after serving as national sales manager at KGAN-TV Cedar Rapids. Earlier buys included KDAT-FM KHAK-FM and KRNA-FM in Cedar Rapids Iowa City.
MENTIONED IN THIS ARTICLE
Iowa
Connoisseur Communications
Cumulus Media Inc
Atlanta
Connoisseur
Kcrr-Fm
Kkcv-Fm
Koel-Fm
Koel-Am
Waterloo
Don Morehead
Kgan-Tv
Cedar Rapids
Cumulus
Iowa City
Kdat-Fm
Khak-Fm
Krna-Fm
Clear Channel Communications
Delta ramp workers again reject union representation
Ramp workers at Delta Air Lines vote against union representation for the second time this year with only 18.8 percent of 9,900 eligible workers submitting ballots. Most ballots favored the Transport Workers Union. A February vote was invalidated by the National Mediation Board over findings that Delta supervisors conducted required meetings to discuss opposition to TWU.
MENTIONED IN THIS ARTICLE
Delta Air Lines
Transport Workers Union
National Mediation Board
Delta
TWU
McLeodUSA to Acquire CapRock in $197 Million Deal
McLeodUSA announces a stock swap valued at 197 million to acquire CapRock Communications. The deal adds 4 states Arkansas Louisiana Oklahoma and Texas to McLeodUSA fiber optics and increases total miles to about 30 000 with 5 200 miles of new fiber. CapRock stockholders will receive 0.39 McLeodUSA shares per CapRock share and about 15.1 million new McLeodUSA shares will be issued.
MENTIONED IN THIS ARTICLE
McLeodusa
CapRock
Steve Gray
McLeod USA
Gray
SuperTarget Opens In Cedar Rapids With Upscale Niche
The Cedar Rapids SuperTarget at 3400 Edgewood Rd. SW debuts as an upscale alternative to Wal-Mart. It features Archer Farms Market, Starbucks, a Krispy Kreme counter, and Pizza Hut, with 425 employees and hours 8 am to midnight. The new store replaces the former Target on Williams Blvd. SW.
MENTIONED IN THIS ARTICLE
Lyng
Wal-Mart
SuperTarget
Cher Farms
Target
Archer Farms
Williams Blvd
Fed Holds Rates Steady But Signals Possible Hikes
The Federal Reserve kept rates unchanged for the third straight meeting citing strong productivity and moderated demand but warned higher energy costs could raise inflation expectations. A cautious stance surprised Wall Street which hoped for a neutral outlook amid concerns about future growth and inflation risks.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Wall Street
Central Bank
Federal Open Market Committee
Alan Greenspan
Fed
U.S. Corn Groups Engage Japan Over StarLink Fears
The U.S. Grains Council and National Corn Growers Association sent a mission to Japan after Japanese buyers questioned StarLink corn in Taco Bell shells. Japan enacts a zero tolerance import rule April 1 with heavy penalties, while Adventis plans to buy this year's StarLink crop and halt sales until EPA approval.
MENTIONED IN THIS ARTICLE
Marlene Lucas -Azette
U.S. Grains Council
National Corn Growers Association
Japan
U.S
Kraft Foods
Taco Bell
Fairfield
United States
StarLink
Erick Erickson
Erickson
Ken Hobbie
The
Grains Council
Adventis
Environmental Protection Agency
StarLink Corn Found in Kraft Taco Shells
U S government tests confirm taco shells sold by Kraft contain a genetically engineered corn not approved for human consumption. EPA FDA and Agriculture Department collaborate to expand testing while Aventis CropScience agreed to buy this year’s StarLink crop to prevent food-supply entry.
MENTIONED IN THIS ARTICLE
Ashington
Kraft Foods
Steve Johnson
The
Environmental Protection Agency
Food and Drug Ad
FDA
Fairfield
Kraft
Johnson
Aventis CropScience
StarLink
Also Mentioned on This Page
Djia
Delta Ramp
BizFacts
CapRock Communications
George C. Ford
Bank
Www
Bankiowa.com
Agriculture Department
Downtown Storage Systems
Paul Jerabek
S.E
Primus
Cedar River
Mike Barrigar
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