Wall Street edges lower as investors book profits
The Dow fell 15.50 to 9,052.44 while the Nasdaq dropped 35.76 to 1,570.19 and the S&P 500 slipped 5.69 to 1,056.75. Decliners outpaced gainers about 8 to 7 on the NYSE with 1.46 billion shares traded. Eastern Iowa stocks showed 18 up, 28 down, five unchanged as Sales fell 45 cents to 6.40 and RF Micro Devices slid 53 cents to 17.38 while Wal-Mart rose 97 cents to 52.08.
MENTIONED IN THIS ARTICLE
Wall Street
Supreme Court
Microsoft
Standard & Poor
Iowa
Wal-Mart
Aztek Tops SUV Rollovers in Government Ratings
The 2001 Pontiac Aztek 4 of 5 stars in NHTSA rollover ratings marks the best score yet for an SUV. Full ratings for 2001 models and first for 2002 were released, evaluating center of gravity and width. Other SUVs mostly earned three stars with several two-star results.
MENTIONED IN THIS ARTICLE
National Highway Traffic Safety Administration
Terex to Cut 725 Jobs in Expanded Restructuring Plan
Terex Corp launches broader restructuring cutting 725 positions to save about 40 million annually. Affects workers in Conway South Carolina Lebanon Pennsylvania Glasgow Missouri Vancouver Washington and sites in England and Ireland. This follows a 500 job layoff at CMI Corp acquired four days earlier, totaling 16 percent of Terex's workforce. Terex also owns Cedarapids Inc of Cedar Rapids.
MENTIONED IN THIS ARTICLE
Terex Corp
Conway
S.C
Lebanon
Glasgow
Vancouver
Wash
England
Ireland
Terex
CMI Corp
Cedarapids Inc
Cedar Rapids
Bond Prices Slip As Trading Resumes After Attack Fears
Bond prices mostly fell on Tuesday reducing the chance of a treasury flight to safety. The 10 year note dropped 11/16 point to 6.88 per 1000 face value and yield rose to 4.59 percent from 4.50. The 30 year bond fell a point to 8.75 per 1000 and yield moved to 5.37 percent from 5.32.
MENTIONED IN THIS ARTICLE
U.S
Afghanistan
Bridge Televate
Bandag to phase out Chino plant halting production
Bandag Inc will stop manufacturing at its Chino California plant over the next three to four months affecting about 50 workers while keeping the adjacent distribution center open. The move cites slowing demand and high energy costs as the main drivers. Bandag serves a global network of about 1300 franchised dealers supplying retread tires.
MENTIONED IN THIS ARTICLE
Bandag, Inc
Chino
Calif
Nate Derby
Bandag
Bishop's Buffet Hosts Day of Thanks for First Responders
Bishop's Buffet will offer free meals Thursday to police officers firefighters and EMTs in uniform as a gesture of appreciation for their service after the Sept 11 attacks Jill Laird director of marketing says the event is a Day of Thanks aimed at expressing gratitude to the frontline groups.
MENTIONED IN THIS ARTICLE
Bishop’s Buffet
Jill Laird
Judge allows banks to issue competing credit cards
A federal judge ruled that Visa and MasterCard must permit member banks to issue alternative credit cards, opening the market for American Express and Discover. In a 157 page ruling Judge Barbara S. Jones noted the government raised serious antitrust concerns with the card networks rules.
MENTIONED IN THIS ARTICLE
Visa
MasterCard
American Express
Discover
America
Barbara S. Jones
U.S
Microsoft Loses Supreme Court Bid on Antitrust Case
The Supreme Court declined to hear Microsoft's appeal in the 1998 antitrust suit, keeping the case with U.S. District Judge Colleen Kollar-Kotelly who seeks settlement talks. The decision follows a federal appeals ruling that Microsoft violated antitrust law and should be punished, with mediation deadlines set to push a out-of-court agreement.
MENTIONED IN THIS ARTICLE
Supreme Court
Microsoft
Washington
Microsoft Corp
Robert E. Litan
Justice Department
Antitrust
High Court
U.S
Thomas Penfield Jackson
Jackson
Colleen Kollar-Kotelly
Kollar-Kotelly
Jim Desler
D.C. Court of Appeals
Iowa
Tom Miller
State Coalition
Sykora Bakery buyers to keep Czech flavor
Cedar Rapids couple John and Susan Rocarek purchased Sykora Bakery in Czech Village from the Jandas and plan to preserve its history while expanding hours and offerings. They aim to add Czech Slovak breads, wedding cakes, flavored coffees, and a patio cafe if city officials approve. George Sykora remains baking, staff stays, and Sunday hours may start.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Rocarek
Sykora
George Sykora
Sykora’s
Rocareks
John Rocarek
John
Susan
Cleveland
Iowa
Jandas
Lester Sykora
Scott Olson
Skogman Realty Commercial
Olson
Harvest progress slows as Iowa soy yields rise
Riverside Iowa report shows soybeans at 34 percent harvested, corn 9 percent, with yields from 40 to 65 bushels per acre and some fields near Riverside reaching 200 bushels. Statewide soybean conditions mostly fair to good, corn mostly fair to good, with September harvest delay noted.
MENTIONED IN THIS ARTICLE
Stazette Rural Affairs
Riverside
Iowa
Paul LaRoche
Riverside Grains and Feed Co
Washington County
Eastern Iowa Airport awards 426-space parking expansion
The Eastern Iowa Airport Commission awarded Horsfield Construction a 438,644 dollar contract to build 426 new parking spaces north of the long term lot. Work may begin soon with gravel work ready for winter, and additional grading planned for future expansion.
MENTIONED IN THIS ARTICLE
E. Iowa Airport
Gazett
Suam
Cedar Rapids
Iowa
Eastern Iowa Airport Commission
Horsfield Construction Co
Larry Mullendore
SUVs Dominate, Pull Down U S Fuel Economy Rates
Government figures show new vehicles average about 21 mpg with only 6 percent exceeding 30 mpg in 2002. SUVs, vans, and pickups remain low in efficiency while hybrid models top the list at 64 mpg for the Honda Insight and 48 mpg for the Toyota Prius.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
Honda
Toyota
EPA
Christie Whitman
Energy
Spencer Abraham
Also Mentioned on This Page
Djia
Aztek
California
Bishop’s
BizFact
Kat Sc
Pat Garr
Paul
Sykora Bakery
Horsfield
Epworth-based
Horsfield Construction
Mullendore
Management
Me Vmf Capital, LLC
Third Avenue
Des Moines
114Th Street
Clive, SA
Ifcapital.com
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Elijes
Chris Cookton
Augustine Don Mears
Reston Court
Primus
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