Investors brace for Intel results as markets slide
Stocks fell on investor nerves ahead of Intel earnings with the Dow down 149.09 to 10,089.71 and the Nasdaq at 3,213.96. Eastern Iowa stocks showed 14 gainers, 31 decliners, and 3 unchanged as volatility persisted. HON Industries issued 57 cents per share for Q3 and predicted $1.87 to $1.92 full year earnings, while Wells Fargo posted an 11 percent rise to a record $1.07 billion in Q3 profits amid rising problem loans and rate concerns.
MENTIONED IN THIS ARTICLE
Intel
New York Stock Exchange
Iowa
Procter & Gamble
U.S. Cellular
General Electric
Wells Fargo
Genencor
WorldCom
HON Industries Inc
HON
Wells Fargo and Co
U.S
Wall Street
First Call
Thomson Financial
Boots to Buy Clearasil From P G in 340 Million Cash Deal
Boots Co PLC agrees to acquire Clearasil from Procter & Gamble for 340 million in cash. The transaction gives Boots its first U S and Japan footholds and boosts its European health care profile while P G exits minor brands to lift profits. Cargill reports 15 percent quarterly earnings rise to 172 million, aided by beef processing and trading gains. Meredith Corp posts first quarter earnings at 16.5 million, 32 cents a share, down from a year earlier amid ad and circulation shifts and stronger book publishing revenues.
MENTIONED IN THIS ARTICLE
Britain
Boots Co. PLC
Procter & Gamble Co
Boots
United States
Japan
Francis Thomas
Procter & Gamble
Cargill Inc
Cargill
Minnetonka
Meredith Corp
Meredith
Wall Street
First Call
Thomson Financial
Ritz-Carlton lauded for Baldrige wins and quest for higher service
Leonardo Inghilleri of Ritz-Carlton says Baldrige awards show how far a company can improve while noting the chain's success yet ongoing goal of excellence. Iowa launches its own IRPE program in 2001 as 22 initial organizations begin quality assessments. He emphasizes employee commitment and motivation as key to sustaining high service levels.
MENTIONED IN THIS ARTICLE
Inghilleri
Ritz-Carlton
The
Woods Quality Center
Iowa
IRPE
Baldrige
AOL executive says access to network one way in IM
AOL senior VP Jonathan Sacks argues against allowing rival access to AOLs instant messaging platform. He cites the privacy and content control measures and says competitors like AT T Cable should be forced to feature AOL access on their home pages. The exec frames the merger with Time Warner as shaping future media convergence.
MENTIONED IN THIS ARTICLE
AOL
America Online
Time Warner
Jonathan Sacks
Coe College
Sacks
AOL Time Warner
At&t Cable
Sachs
Ford recalls 351000 Focus cars over possible defects
Ford Motor Co. voluntary recalls 351000 model year 2000 Focus subcompacts for rear hub assembly issues cruise control cable inspection and accelerator sticking. 351102 vehicles to receive A pillar trim upgrades to meet new head injury standards. No accidents reported. Dealers will perform inspections replacements and upgrades as needed.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Ford
Focus
Mike Vaughn
Vaughn
ConAgra halts Kansas corn flour plant over Starlink issues
ConAgra Foods stopped corn flour production at its Atchison Kansas mill after tests indicated Starlink genetically modified corn possibly involved in a nationwide recall of Mission Foods tortillas and taco shells. The plant’s cleanup was underway as officials assess potential exposure while customers are asked not to use the flour.
MENTIONED IN THIS ARTICLE
Omaha, Neb
ConAgra Foods Inc
Kansas
Starlink
Atchison, Kan
ConAgra
Karen Savinski
Volved
Savinski
Con-Agra
Environmental Protection Agency
EPA
Mission Foods Co
J C bank names Funk new president in Iowa City
Charlie Funk, former Brenton Bank executive and longtime banking educator, was announced as president of Iowa State Bank & Trust, effective Nov. 1. He succeeds Dick Summerwill who will retire in January after 16 years as bank president and move to chairman of the board.
MENTIONED IN THIS ARTICLE
Funk
Brenton Bank
Des Moines
Dick Summerwill
Isb&t
Summerwill
S. Clinton St
Wells Fargo
Benton
Stonier Graduate School of Banking
Iowa School of Banking
Iowa State Bank
Also Mentioned on This Page
P&g
Clearasil
BizFacts
eTee Tooele
Eellee
Eke
Leonardo Inghilleri
Gazette
Whitney Curtis
Gloria Jones
Maysville
Dave Daubert
Watertown
Minn
Tippie
Kirkwood Community College
Cedar Rapids
American Dairy Goat Association
George C. Ford
Gazette Financial
Automaker
GMO
ConAgra Mill
Safeway Inc
Mission
J.C. Bank
Charlie Funk
Maresh
17Th Street
Primus
Hiawatha
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