Wall Street slides as Intel forecast looms and Motorola warning hits
Investors drove the Dow down 190 points with heavy selling as traders awaited Intel’s mid quarter forecast and digested Motorola’s revenue warning. The Dow fell 192.43 to 9840.84 while the Nasdaq dropped 53.37 to 1705.64 amid a 1.60 billion share day. The Quaker Oats Cedar Rapids plant received the Howard Hall Award for Excellence in Business from the Cedar Rapids Area Chamber of Commerce.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
Intel
Motorola
New York Stock Exchange
Iowa
Wal-Mart
RF Micro
Conexant
Genencor
Union Planters
Nash Finch
Quaker Oats Co
Cedar Rapids
Howard Hall
Cedar Rapids Area
Roger Vincent
Justin Shields
United Food and Commercial Workers Local 110
Meeting set for Goss workers
An informational meeting is scheduled for 1 p.m. Tuesday at the Teamsters Union Hall in Cedar Rapids to assist employees affected by the Goss Graphic Systems plant closing. Iowa Workforce Development and Kirkwood’s Career Development Center organized the program with local union officials to share employment and training resources.
MENTIONED IN THIS ARTICLE
Teamsters Union Hall
J St
Cedar Rapids
Goss Graphic Systems
Iowa Workforce Development
Kirkwood
Iowa
Square D Cuts 23 Production Jobs in Cedar Rapids Plant
Square D Co. laid off 23 production employees at its Cedar Rapids facility as slower sales push outsourcing of functions. The cuts include 16 Teamsters Local 238 and seven Machinists Local 831 members. Spokesman Martin Hanna says production will continue and Cedar Rapids remains a key facility. The company has also reduced 30 salaried and management positions nationwide.
MENTIONED IN THIS ARTICLE
Square D Co
Cedar Rapids
Square D
Martin Hanna
Teamsters Union
Machinists Union Local 831
Hanna
United States
Mortgage Rates Ease Further to Start Year
Freddie Mac reports 30 year fixed at 6.89 percent down from 6.92. Fifteen year at 6.44 percent versus 6.47. One year adjustable loans average 5.64. Points average about 1 percent of loan amount across all three types.
MENTIONED IN THIS ARTICLE
Freddie Mac
Tauke sees brighter days for Verizon telecom sector
Verizon executive Tom Tauke predicts a rebound in the telecom industry in 2002 as broadband networks expand to deliver movies and services. He cites regulatory barriers and high rates as headwinds while urging lower trade barriers and investment incentives to boost growth and productivity.
MENTIONED IN THIS ARTICLE
Tom Tauke
Verizon Communications
Tauke
Iowa
Congress
Uptown Bill's Small Mall opens in Iowa City
In Iowa City 401 S Gilbert St extends the Dream Foundation initiative with Uptown Bill's Small Mall. The 3000 square foot space houses shops run by people with physical disabilities and aims to educate about inclusion rather than pure sales. A ribbon cutting at 4 p.m. Saturday kicks off tours and music by Kevin Burt with a screening of The Life and Legacy of Bill Sackter. The mall is run by a council of shop owners and funded by a three year 105000 dollar federal grant plus contributions from Extend the Dream Foundation.
MENTIONED IN THIS ARTICLE
S. Gilbert St
Wild Bill
North Hall
University of Iowa
Bill Sackter
Tom Walz
Bill
Iowa City
Kevin Burt
Barry Morrow
Small Mall
Extend the Dream Foundation
Wild Bill’s
Uptown
Marlin Wilkus
Reading Rail Road Bookmart
Richard Twohy
Leo Huisman
Leslie
Leslie O’leary
Margaret Brooke
Mr. Ed
Super- Graphics & Student Service Center
Harkin begins drafting new agriculture bill
Senator Tom Harkin chair of the Agriculture Committee says he plans a new farm bill this month with a goals statement and markup next month. Budget concerns loom as Congress debates funding and Social Security surpluses while Combest’s House bill faces money gaps and possible delay into 2002.
MENTIONED IN THIS ARTICLE
Harkin
Washington
Tom Harkin
Agriculture Committee
House
Congress
Administration
House Agriculture Committee
Larry Combest
Texas
GOP
Leonard Boswell
Hiawatha unit stays with Learning Co in Riverdeep deal
The Hiawatha software unit will remain with The Learning Co in its productivity division to form the Broderbund Group. About 110 staff serve direct to consumer and e-commerce markets and support remains unchanged amid Riverdeep talks.
MENTIONED IN THIS ARTICLE
Hiawatha Unit
Learning Co
Associated Press and Gazette
Iowa
the Learning Co
TLC
Riverdeep Group
Hiawatha
The
Broderbund Group
Wendy Strickman
Novato
Calif
Vermeer to cut 430 jobs in second round of layoffs
Vermeer Manufacturing of Pella will trim its workforce by 430 office and production workers to align output with weaker demand. The reductions follow a March cut of 231 positions and bring total staff to about 1,900. The company cites a national slowdown and telecom declines.
MENTIONED IN THIS ARTICLE
PELLA
Vermeer Manufacturing Co
Chine
Teri Vos
Vos
Vermeer
PETA halts Wendy's protest over supply rules change
PETA says it will stop picketing Wendy's in Dublin Ohio as the chain plans to tighten oversight of beef suppliers and adopt unannounced plant inspections and chicken catching guidelines. Wendy's says no current practices changed yet while noting it has addressed some PETA concerns.
MENTIONED IN THIS ARTICLE
Dublin
Ohio
People For the Ethical Treatment
Wendy’s
Wendy's
PETA
Wendy’s _ International Inc
Also Mentioned on This Page
Djia
Goss
C.R
Trac
U.S
Pat Carr
Paul Trap
Telecom
Verizon
George C. Ford
Federal Reserve Board
Lauke
Ues
Marlene Lucas
Extend the
Dream Foundation
School of Social Work
Walz
Alcoholics Anonymous
Tom Waiz
Sen
Riverdeep
Bader
Iown
Parsons Technology
Intuit Inc
Broderbund Software
Learning
Mattel Inc
Mattel
Gores Technology Group
Barry O'Callaghan
Denny Lynch
Ently
McDonald's
Burger King
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!