Stocks End Higher as Tech Warnings Spark Worries
The Dow rose 121.35 to 10,393.07 while the Nasdaq fell 48.90 to 3,419.79 as earnings warnings from National Semiconductor dampened tech profits. Procter & Gamble and General Electric led Iowa stocks with gains, while Fiserv and Rockwell fell sharply. Retirement system holdings hit a record $1.9 trillion, with most invested in corporate and international securities.
MENTIONED IN THIS ARTICLE
National Semiconductor
New York Stock Exchange
Iowa
Procter & Gamble
General Electric
Weyerhaeuser
International Paper
Union Planters
Fiserv
Rockwell
U.S. Cellular
Penford
Wall Street
Census Bureau
Eagle Point CEO Rod Blum to step down in November
Eagle Point Software of Dubuque announces Rod Blum will resign as president and CEO on November 15. Tom Miller is elected chairman of the board while an executive committee will run the company until a new chief executive is hired. Blum will remain on the board as a major shareholder.
MENTIONED IN THIS ARTICLE
Eagle Point Software of
Dubuque
Rod Blum
Tom Miller
Blum
Eagle Point
Amway reveals new corporate structure under Alticor
Amway Corp unveiled a new structure under Alticor the parent company. Alticor houses Amway Quixtar Access Business Group and Pyxis Innovations as its four umbrella businesses. Blockbuster reports growing cash earnings and revenue in Q3 but posts a net loss. Revenue climbs to 1.19 billion while net loss sits at 19.3 million.
MENTIONED IN THIS ARTICLE
Amway Corp
Alticor
Steve van Andel
Amway
Quixtar
Access Business Group
Pyxis Innovations
Rockwell to buy Kaiser Aerospace unit in $300 million deal
Rockwell Collins said it will acquire Kaiser Aerospace and Electronics Corp for about 300 million dollars. Kaiser, based in Foster City, employs 1,200 across California and Michigan sites and specializes in cockpit displays and military aviation products. The deal would be its fifth acquisition in four years, expanding Rockwell Collins' avionics footprint.
MENTIONED IN THIS ARTICLE
George C
Ford Gazette
Cedar Rapids
Rockwell Collins
K Systems Inc
Kaiser Aerospace and Electronics Corp
Kaiser Aerospace
Foster City
Calif
San Jose
Irvine
Kaiser
U.S
Bob Chiusano
Rockwell Collins Government Systems
Chiusano
Stuart McCutchan
AT&T expected to announce four-part breakup plan
AT&T Corp plans to split into four distinct entities breaking its bundling strategy. The move includes separate wireless and cable TV units and a tracking stock for its consumer long distance business. The plan, approved by the board, aims to focus on business services and a separate long distance subsidiary.
MENTIONED IN THIS ARTICLE
At&t Corp
New York
Wall Street
Wireless
At&t
The
New York Times
Washington Post
Farmers urge steps to preserve corn identity amid GMO concerns
Peoria Illinois AP farmers and grain elevator operators call for improved communication to keep GM and non GM corn varieties separate from field to market. Spokesman Mark Lambert notes growing demand for specialty grains and cites recent StarLink GM corn finding its way into human food.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Mark Lambert
Illinois Corn Growers Association
Mondo’s to reopen with industrial look in new Whiteway building
Mondo’s Sports Cafe returns as Mondo’s in the Whiteway 2000 complex at 212 S Clinton St Iowa City. The revamped unit will have an industrial interior a central bar seating 170 and no smoking area with 20 to 30 staff to be hired in November and a December 4 opening tentatively planned. The site rises seven stories above 39 apartments and cost 3.2 million to rebuild after the March 1999 fire and collapse.
MENTIONED IN THIS ARTICLE
S. Clinton St
Hahn
Mondo’s Sports Cafe
Marc Moen
Mondo’s
Oil majors post higher third quarter earnings led by Exxon Chevron Texaco
Exxon Mobil Chevron and Texaco report sharply higher Q3 profits as oil and gasoline prices stay strong. Exxon earned 4.49 billion dollars or 1.28 per share versus 2.19 billion a year earlier. Chevron nearly tripled to 1.53 billion or 2.35 a share. Texaco earned 798 million or 1.46 a share. Revenue rose across all three firms with Exxon’s sales at 58.85 billion.
MENTIONED IN THIS ARTICLE
Associated Press
Exxon Mobil Corp
Chevron Corp
Texaco Inc
Wall Street
Exxon
Texaco
Chevron
Fadel Ghett
Fahnestock & Co
ExxonMobil
Mobil
Exxon Mobil
Chevyron
Ohio National Certified as Qualifying and Life member
Ohio National Financial Services has completed all requirements to be certified as a Qualifying and Life member of the 2000 Million Dollar Round Table. This designation recognizes distinguished sales performance and ethical standards among financial professionals.
MENTIONED IN THIS ARTICLE
Ohio National Financial Services
Young
Executive Plaza
First Ave
Cedar Rapids
Also Mentioned on This Page
Djia
Blockbuster Inc
Blockbuster
BizFacts
Natonal Vier
Mtion
Gazette
Whitney Curtis
Traci Schmitt
Blairs Ferry Rd
Schmitt
Atlanta
Primus
Hiawatha
L.C
Gary R. Young
CLU
Chfc
LUTCF
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