WorldCom wins debt loan approval to 1.1 billion for bankruptcy run
WorldCom Inc gains court approval to borrow up to 1.1 billion as it continues bankruptcy proceedings. Motorola posts third quarter profit of 111 million amid cost controls. Waksal pleads guilty to bank and securities fraud in the ImClone insider trading case. DaimlerChrysler recalls 143,500 2002 Dodge Grand Caravan and Chrysler Town & Country minivans for fuel leak risk.
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WorldCom Inc
WorldCom
Marcia L. Goldstein
Manhattan
Motorola Inc
Motorola
Samuel Waksal
ImClone Systems
Martha Stewart
Waksal
Stewart
DaimlerChrysler
Windsor
Ontario
United States
Canada
Mexico
Harvest pace trails average in Iowa corn crop
Iowa farmers have 21 percent of the corn harvested, below the five year average of 38 percent, while 63 percent of soybeans are collected, up from last year but under the 75 percent normal. Bruce Bearinger notes good yields could lift spirits as weather remains dry and moisture totals vary by district.
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Marlene Lucas
Gazette
Iowa
Iowa Crops & Weather Report
Bruce Bearinger
Iowa State University
Buchanan County
East Central
Linn
Johnson Counties
Dow Joins Rally as Profits Drive Market Surge
The Dow Jones rose 378.28 to 8255.68 on a four day rally lifting the index above 8,000. Citigroup General Motors and Johnson & Johnson fueled gains along with the Nasdaq and S&P. Despite upbeat earnings, data showed July inventories fell 0.1 percent and August sales grew 0.2 percent.
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The
Gazette New York
Dow Jones
Dow
Citigroup
General Motors
Johnson & Johnson
Arthur Hogan
Jefferies & Co
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U.S
New York Stock Exchange
Cargill Reports Higher Earnings for Q1 2003
Cargill Inc. posted a 25 percent rise in continuing operations in the first quarter ended Aug. 31, with earnings of 345 million dollars, up from 277 million a year earlier. One time items added 254 million, including North Star Steel tubular sale and new accounting rule adoption. Including non recurring items, total earnings reached 599 million, versus 288 million a year ago. The firm runs three processing plants in Cedar Rapids for corn and soybeans.
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Minnetonka
Cargill
North Star Steel
Cedar Rapids
Lundby to headline Eastern Iowa women in business event
SBA executive Lundby and Sen. Mary Lundby will speak at a Women Entrepreneurs WE gathering in Cedar Rapids. The Oct. 24 event at Crowne Plaza Five Seasons Hotel invites attendees to bring business cards and share materials as the group expands. A $25 sign‑up by Oct. 21 is requested. Attendance at the August WE event reached 90.
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the Gazette
Cedar Rapids
U.S. Small Business Administration
Mary Lundby
Office of
Native American Affairs
Office of Small Business Centers
Office of Veterans Affairs
Office of Women’s Business Centers
Lundby
Crowne Plaza
Five Seasons
First Ave
Women’s Business Center of Iowa Inc
36Th St
Women's Business Center
Joni Thornton
Center
Iowa
Wells Fargo earnings rise on loan and deposit growth
Wells Fargo reports Q3 earnings of 1.44 billion or 84 cents per share as mortgage rates drop boosting refinancings and deposits. Mortgage volume for nine months hits 221 billion, revenue up 10 percent in Q3 and 26 percent year to date, with loan losses at 415 million.
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Bank of America
General Motors
Saks Inc
Fiserv
Genencor Inti Inc
Sealed Air
Gen Mills
Skyworks Solution
Tanger Factory
Gillette Co
Terex Cp
Heartland Exp
Heinz
Toyota Motion Inds
Union Planters
Intl Paper
Old Fire Cas
US Bancorp
Keane Inc
US Cellular
Kohls Corp
Unova Inc
Macc Pry Eat
Verizon Comm
Marsh & McLennan
WalMart
Wells Fargo & Co
Maytag Weyerhauser
Ine Gazele
SAN Francisco
Thomson First Call
Wells
New York Stock Exchange
Wells Fargo
Cincinnati Life Insurance CO
A.M. Best
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