Stocks Slip Ahead of Third Quarter Earnings
Markets dropped as investors expect rougher profits from U S firms amid slower growth and higher oil. The Nasdaq fell 115.02 to 3240.54 and the Dow slid 44.03 to 10524.40 with 1.04 billion shares traded. Firstar reported Q3 earnings of 39c per share before merger charges, up from 32c prior year, meeting forecasts.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Wal-Mart
Sealed Air
Conexant
Fiserv
U.S. Cellular
Deere
Wells Fargo
Firstar Corp
Firstar
First Call
Thomson Financial
Mercantile Bancorporation
Star Banc Corp
Actors Call for Boycott of Procter and Gamble Brands
Hollywood actors urge consumers to boycott Crest Tide Ivory in protest of P G products amid a broader strike by the Screen Actors Guild and AFTRA against advertisers. Eli Wallach and peers led a New York protest calling for non-union production while SAG AFTRA seeks higher pay for about 135,000 members.
MENTIONED IN THIS ARTICLE
Hollywood
Procter & Gamble Co
Eli Wallach
New York
Susan Sarandon
Tim Robbins
Robert Klein
Screen Actors Guild
American Federation of Television & Radio Artists
P&g
Treasury bill rates mixed on Tuesday auction
The Treasury sold 11 billion dollars in three month bills at 6.075 percent discount, unchanged from last week and the highest since August 28. The actual yields rise to 6.257 percent for 10000 at 9846.40. Six month bills yield 6.333 percent with a price of 9693.90. The Fed reported one year bill yields edged to 6.06 percent last week from 6.08 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
I C businesses honored at Chamber of Commerce dinner
Iowa City Area Chamber of Commerce will honor multiple businesses and individuals at 5:30 p.m. in the Iowa Memorial Union. Recipients include Bachmeier Interiors & Carpet small business of the year, Dick Schwab volunteer of the year, and community beautification awards for City Center Square and other entities.
FDIC negotiates with black workers over discrimination settlement
About 3000 current and former black FDIC employees edge toward a final accord that would pay 14 million dollars into a fund for distribution based on tenure and salary lost from denied promotions. The agency will tighten personnel policies and set aside 1.5 million dollars to cover withholding taxes while hiring a consultant to review compliance.
MENTIONED IN THIS ARTICLE
Washington
FDIC
Federal
Federal Deposit Insurance Corp
Downed corn slows harvest in parts of Iowa
Iowa farmers mostly harvest ahead of snow though fields near Ottumwa to Cedar County face wind damage. 60 to 80 mph winds knocked over corn as early rot and drought stress reduced stand. some growers reel the corn to the headers or graze damaged areas. Soybeans lag, with 76 percent statewide harvested, 50 percent in the east central district.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Iowa
Ottumwa
Mike McKenna
Wapello County
McKenna
Cedar County
Jones County
Jerry Long
Long
West-Central
Linn and
Johnson Counties
North Liberty bakery wins $100000 rail grant
Iowa Transportation Commission approved a 100000 grant to support rail access for Audi's Bakery distribution center in North Liberty. The 6 million dollar, 35000 square foot plant will create 104 jobs and shift flour supply to bulk rail cars, reducing costs by about 13 percent.
MENTIONED IN THIS ARTICLE
Iowa Transportation Commission
Audi’s
North Liberty
230Th
240Th
Rudi’s
Rail
Organic Food Association
Nobel Prizes Awarded for Physics and Chemistry Work
Six scientists win Nobel Prizes for advances enabling the Information Revolution. Physics honors Jack Kilby of Texas Instruments for the integrated circuit and Herbert Kroemer and Zhores Alferov for satellite and cell phone tech. Chemistry honors Alan Heeger, Alan MacDiarmid, and Hideki Shirakawa for conductive plastics.
MENTIONED IN THIS ARTICLE
Jack Kilby
Texas Instruments
Herbert Kroemer
University of California-Santa
Alan Heeger
University of California-Santa Barbara
Alan MacDiarmid
University of Pennsylvania
Hideki Shirakawa
University of Tsukuba
Japan
Also Mentioned on This Page
Djia
BizFacts
Yahoo.com
Ad.com
Msn.com
Microsoft.com
Passport.com
Krt
I.C
By Nathan Hill
Gazette
Cedar Rapids
Iowa City
Credit Union Office
Primus
Linn Area Credit Union
Blairs Ferry Rd
Linn Area
Primus Construction Inc
Mark Kilpatrick
Associated Press
Suzanne Murphy
Rudi
Jan Wiley
Department of Transportation
Wiley
Economic Development Fund
Boulder, Colo
Barbara and
Zhores Alferov
A.F. Joffe Physico-Technico Institute
St. Petersburg
Russia
Hiawatha
Marquette
Marquette Banks
Marquette Bank
N.A
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