Wall Street dips as terrorism fears persist
The Dow fell 36.95 to 9340.08 and the Nasdaq declined 3.64 to 1704.44 amid mixed trading. Eastern Iowa stocks showed 25 gains, 24 losses, and one unchanged as volume reached 1.3 billion shares. McLeodUSA skipped a quarterly dividend on its 6.75 percent Series A preferred stock, choosing to accumulate the dividend instead.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
New York Stock Exchange
Iowa
Fiserv
TeleCorp
Nash Finch
McLeodusa Inc
McLeodusa
AT&T Profit Masked by Wireless Spinoff Gains
AT&T reports quarterly earnings of 11.30 billion dollars or 3.13 per share helped by a 13.5 billion after tax gain from spinning off AT&T Wireless. Excluding the gain, earnings were 0.04 per share vs 0.35 a year ago. Revenue declined 7.7 percent to 13.09 billion.
MENTIONED IN THIS ARTICLE
At&t
Thomson Financial
First Call
Marion Chamber Hosts PM Exchange and Ribbon Cutting
The Marion Chamber of Commerce hosts a PM Exchange from 5 to 7 p.m. at 790 11th St Marion with $3 member and $6 non member fees. Nemec com Inc will celebrate its first year with a 4 30 to 5 p m ribbon cutting at the chamber office.
MENTIONED IN THIS ARTICLE
Marion Chamber of Commerce
Marion Chamber Office
11Th St
Marion
Nemec.com Inc
Huntington’s Restaurant
DEK Solutions
Barb Jacobs
Nemec.com
State demands back taxes from LISCO Internet customers
About 2,000 LISCO Internet customers in southeast Iowa were ordered to repay Iowa sales tax and interest for service dating to 1996. The tax was later repealed for Internet service, and LISCO was absolved of collecting it, but state officials say individuals owe the tax due to past errors.
MENTIONED IN THIS ARTICLE
LISCO
Washington
Kalona
Sigourney
Bernie Oleksa
Cedar Rapids
Iowa Department of Revenue and Finance
Iowa Department of
Revenue & Finance
Iowa Department of Revenue & Finance
Iowa
Oleksa
Don Cooper
Department of Revenue & Finance
Dave Heaton
Mount Pleasant
SBA approves fewer Iowa loans but jobs rise in 2001
The SBA Cedar Rapids and Des Moines districts lent 482 loans totaling 81.7 million in fiscal 2001 ending Sept 30, creating or retaining 4,562 jobs. In 2000 Iowa offices approved 534 loans for 86.35 million, aiding 4,115 jobs. Linn County led with 38 loans and 744 jobs. three eastern counties had no activity.
MENTIONED IN THIS ARTICLE
George C. Ford
U.S. Small Business Administration
Iowa
SBA
Cedar Rapids
Des Moines
Linn County
Johnson County
Chickasaw
van Buren
Scott, Johnson
Black Hawk Counties
Monsanto posts smaller loss in third quarter
Monsanto Co. reports a third quarter loss of 45 million dollars or 17 cents per share, down from 64 million or 25 cents a year ago. Excluding one-time items the company shows a 37 million loss or 15 cents per share versus 32 million or 13 cents. Revenue drops 7 percent to 936 million. The Iowa plants in Fort Madison and Muscatine supply herbicides and fertilizers. Monsanto owns Asgrow and DEKALB seed firms.
MENTIONED IN THIS ARTICLE
Weyerhaeuser Corp
Thomson Financial
First Call
Weyerhaeuser
Cedar Rapids
Cedar River Paper Co
Burlington Northern Santa Fe Corp
Fort Worth Company
Burlington Northern
ST. Louis
Monsanto Co
Wall Street
Monsanto
Iowa
Fort Madison
Muscatine
Asgrow
General Mills Pillsbury merger advances with FTC vote split
The FTC deadlocked 2-2 on General Mills 6.1 billion purchase of Pillsbury from Diageo, allowing the deal to proceed unless blocked. The combined group would become the fifth largest packaged foods company with about 13 billion in annual sales, amid prior divestitures to ease antitrust concerns.
MENTIONED IN THIS ARTICLE
Washington
Pillsbury Doughboy
Betty Crocker
Federal Trade Commission
General Mills Inc
Pillsbury Co
FTC
Pillsbury
Diageo PLC
General Mills
Cedar Rapids
Iowa City
Nestle SA
International Multifoods Corp
Mesquite Beach Opens in Cedar Rapids
The Midwest's first Mesquite Beach restaurant opened this month at 217 Collins Rd Cedar Rapids. Amid surfboards and grass-thatched awnings it features mesquite grilled Beach Mex cuisine with mounted fish decor.
MENTIONED IN THIS ARTICLE
Midwest
Collins Rd
Cedar Rapids
Principal stock opens strong after Des Moines IPO debut
Principal Financial Group Inc opened at 20.50 on the New York Stock Exchange and rose to 21.39 before closing near 21.00 as about 32 million shares changed hands. CEO J Barry Griswell cited strong demand and volume as signs of market recovery after Sept 11, with executives nervous about volatility.
MENTIONED IN THIS ARTICLE
Des Moines, Iowa
Principal Financial Group Inc
New York Stock Exchange
J. Barry Griswell
Griswell
Stock Exchange
AFL-CIO official to address Maytag strike rally in Iowa
Rich Trumka AFL-CIO Secretary Treas will keynote a rally for Amana Refrigeration workers on layoff at the Middle Amana ballfield as part of a two city Iowa visit. About 1500 Machinists Local 1526 members have been on strike 30 days after rejecting Maytag’s latest offer.
MENTIONED IN THIS ARTICLE
Trumka
Mark Smith
Iowa Federation of Labor
Amana
Highway 220
Iowa City
University of Iowa Labor Center
Iowa Memorial Union
Also Mentioned on This Page
Djia
Treasury
Treasury Department
Cnet
U.S
Cedar Rapids District
SBA OK
George Ford
Georgef
Mesquite Beach
Afl-Cio
Ed Miller
Organized Labor
Rich Trumka
Management
Third Avenue
114Th Street
Clive
Me Vmf Capital, LLC
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Eltjes
Chris Cook
Jon Augustine
Don Mears
Leom
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