Eastern Iowa Stocks Rally Amid Market Rebound
Eastern Iowa briefs report 42 advancers 5 decliners and four unchanged as Penford gains 1.45 to 11.20 ABN Amro boosts RF Micro Devices to 20.65 Maytag climbs 1.74 to 27.56 on restructuring. PepsiCo third quarter profit falls 17 percent but exceeds expectations with 627 million dollars earnings.
MENTIONED IN THIS ARTICLE
Iowa
Penford
ABN Amro
Maytag
PepsiCo Inc
Quaker Oats Co
PepsiCo
Oakdale Systems buys Investment Plus assets in Iowa
Oakdale Systems of Coralville acquires Iowa based Investment Plus including CompuTerra Corp software, mainly web based training and e commerce tools. Purchase price not disclosed. Union workers from Goss Graphic Systems to pursue benefits in U S bankruptcy court meeting Tuesday at 1 p.m. at the union hall 222 Prospect Place S W. About 240 workers affected by Cedar Rapids plant closure amid ad slowdown and import competition.
MENTIONED IN THIS ARTICLE
Oakdale Systems
Coralville
Investment Plus
CompuTerra Corp
CompuTerra
OSHA
Goss Graphic Systems
U.S
Machinists Local 831
Union Hall
Prospect Place
S.W
Joe Ironside
Goss
Cedar Rapids
Bond Rates Slip At Four Week Treasury Auction
Four week Treasury bills sold for 6 billion dollars at a discount rate of 2.250 percent, down from 2.280 percent last week. It marked the lowest rate since Sept 18 when bills sold at 2.250 percent. The government began weekly auctions on July 31.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Local phone rules under review by Supreme Court
The Supreme Court examines 1996 Telecommunications Act lease rules amid clashes between former Bell companies and new entrants. Key figures include Verizon, AT&T, WorldCom, and the Iowa Utilities Board as cases challenge FCC rate guidelines and cost reimbursements. Suppliers warn competition could fade if Bells win.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Congress
Bell System
Iowa Utilities Board
Bell
McLeodusa
WorldCom
Gene Kimmelman
William P. Barr
Verizon Communications
Bells
GTE Corp
Donald B. Verrilli Jr
At&t Corp
WorldCom Inc
Verrilli
Verizon
Federal Communications Commission
Theodore Olson
FCC
General Communication Inc
Markets rally on weak forecasts despite Motorola job cuts
Wall Street extended a rebound with the Dow rising 1,005 points to 9,240.86 as the S P 500 and Nasdaq also gained. Analysts warned the advance signals resilience but not a durable turn, with Motorola dropping 7,000 more jobs and posting another quarterly loss.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Motorola
Dow Jones
Scott Bleier
Prime Charter Ltd
Lind
Standard & Poor
U.S
Robert Harrington
UBS Warburg
Propane firm to issue refunds after Iowa overcharges
Iowa AG says Level Propane Gases of Westlake Ohio will refund customers and pay 90000 to the state as part of a 700000 settlement. About 50 Iowa complaints cited failure to honor prices and penalty fees with most from northeast Iowa.
MENTIONED IN THIS ARTICLE
Dick Hogan Gazette
Cedar Rapids
Iowa
State of
Tom Miller
Miller
Level Propane
Westlake
Ohio
Level
Ron O’brien
Rural Center Point
Larry Slife
Rural
Alburnett
Maytag action cuts 130 salaried jobs in restructuring
Maytag Corp plans 225 salaried layoffs across Amana and Newton as part of a restructuring after acquiring Amana Appliances last summer. The cuts affect 10 cities and roles from sales to manufacturing supervisors, while hourly workers strike continues at Amana.
MENTIONED IN THIS ARTICLE
Dave DeWitte
AMANA
Maytag Corp
Amana Appliances
Maytag
Newton
Jim Powell
Middle Amana
Powell
Russ Maheras
Also Mentioned on This Page
Djia
Oakdale Firm
BizFact
Andrew Cerise
New York Stock Exchange
Chure
Slife
O’brien
Vinton
Smulekoff
Sun
3Rd Ave
Galesburg
Ill
Ed Miller
David DeWitte
Davidd
Columba Plovre
America
Columbia Propane
AmeriGas
Columbia
AmeriGas America
Waterloo
New Albia
Monticello
Oxee
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