TeleCorp gains on AT&T Wireless buyout news
TeleCorp shares jump 3.50 to 13.54 as AT&T Wireless agrees to acquire TeleCorp in a 4.7 billion all stock deal giving Ninety percent of a AT&T Wireless share per TeleCorp. Zurich Financial faces 900 million in losses from Sept 11 attacks, and Saturn names ION for new small car due 2002 with VUE production at Spring Hill plant.
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Iowa
At&t Wireless
U.S. Bancorp
Firstar Bank
Conexant Systems
Heartland Express
Zurich Financial Services
United States
Zurich Financial
Zurich Exchange
Saturn Corp
ION
General Motors Corp
Saturn
Spring Hill
Tenn
Nashville
AT&T Wireless to buy TeleCorp PCS stake for $2.4 billion
AT&T Wireless to acquire the 77 percent of TeleCorp PCS it does not own for 2.4 billion in stock. It will assume 2.1 billion in debt and about 221 million in preferred securities. The deal expands AT&T Wireless footprint to rival the largest U S carriers.
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At&t Wireless
Redmond
Zeglis
P&G Named Among Working Mother’s Top Women Employers
Working Mother magazine lists Procter & Gamble among ten highly progressive employers for women. The October issue cites perks at several firms including on-site auto maintenance at Merck and baby formula for Bristol-Myers Squibb families, with P&G in the roster alongside Bristol-Myers, Citigroup, Fannie Mae, IBM, Marriott, Morgan Stanley, PwC, Prudential, and Texas Instruments.
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Working Mother Magazine
Procter & Gamble
Merck & Co
New Jersey
Bristol-Myers Squibb Co
Working Mother
Bristol-Myers
Citigroup Inc
Fannie Mae
IBM Corp
Marriott International Inc
Morgan Stanley Dean Witter & Co
PriceWaterhouseCoopers
Prudential Financial Services
Texas Instruments
Less hazardous Omni cigarette hits market plan
Vector Tobacco, based in Durham North Carolina, began production last week of the Omni cigarette with a chemical treatment claimed to reduce cancer causing elements in smoke. A second product Omni Free with a new low nicotine tobacco is due next year.
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Durham
N.C
Liggett
Markets Fall as US UK Attacks Roll Over Wall Street
Wall Street opened with a modest decline as joint U S British strikes on Afghanistan widened. The Dow slipped 51.83 to 9067.94 while the Nasdaq rose to 1605.95 on a five session streak. S P 500 fell to 1062.44. Major automakers and retailers dropped amid recession fears and profit warnings.
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Standard & Poor
Federal Reserve
Bush
Andy Wooldridge
Edward D. Jones
Cedar Rapids
Wooldridge
Cedar Rapids Community Credit Union renames and expands
The Cedar Rapids Community Credit Union replaces the Cedarapids Employees Credit Union after a June 5 community charter approval. It now serves Linn County and surrounding areas with about 21.5 million dollars in assets and plans a new $1 million office at J Avenue and Sierra Drive NE featuring three drive-up windows, safe deposit boxes, and an ATM to improve access for members.
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Glenn
Linn County
J Avenue
Sierra Drive
Cedar Rapids
Credit Union
E. Ave
Hy-Vee Drops Hy-Value Card In Cedar Rapids Marion
Hy-Vee replaces the Hy-Value loyalty card with a direct price discount program after four years of pilot use in Cedar Rapids and Marion. The move addresses cost concerns and privacy worries from shoppers about tracking purchases while maintaining discounts.
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Mitchell
Hy-Vee
Cedar Rapids
Marion
Sioux City
Mason City
Marshalltown
ISU research cuts gas in soy with patent
ISU professor Larry Johnson has patented a process that reduces indigestible sugars in genetically engineered Du Pont soybeans. Licensed to Du Pont, the method may boost a slow soy foods market, as interest in soy products grows despite concerns about flavor and gas production.
MENTIONED IN THIS ARTICLE
Johnson
U.S. Food and Drug Administration
Iowa
Congress weigh a single agency for food safety reform
Congress debates overhauling the fragmented system that splits oversight among FDA USDA and other agencies. Proposals seek a unified safety standard to reduce bioterrorism risk and boost funding to secure the food supply while noting current gaps in inspections and international imports.
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Washington
Agriculture Department
Food and Drug Administration
FDA
USDA
Congress
Tom Harkin
Iowa
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Zurich
Djia
TeleCorp
P&g
BizFact
New York
Nel
Wall Street
Afghanistan
Ackerman
Bill Barker
Daii Rauscher
Dallas
U.S
Financial Times
Ford Motor
General Motors
DaimlerChrysler
Ford
J.P. Morgan Chase
Wal-Mart
Wendy’s
C.R. Credit Union
By Dave DeWitte
C.R. Area
ISU
Richard Durbin
D-Ill
Centers For Disease Control and Prevention
Portland
Terrace Ridge Duplexes
Julie Brown
Primus
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