Markets mixed as tech shares retreat and Dow edges up
Stocks were mixed with blue chips higher while tech issues gave back early gains as investors weighed third quarter earnings. The Dow rose 37.74 to 11233.23 while the Nasdaq fell 46.84 to 3849.51 and the S&P 500 slipped 7.27 to 1481.99.
MENTIONED IN THIS ARTICLE
Standard & Poor
APAC
Ida County ethanol plant proposed near Galva Iowa
Quad County Corn Processors Cooperative plans a 20 million dollar ethanol plant near Galva in northwest Iowa with a 15 million gallon annual capacity. The plan targets federal tax credits for facilities under 30 million gallons and seeks local capital from area producers. Representatives discussed the project at a Holstein meeting as Iowa ethanol output reaches about 425 million gallons yearly across four plants.
MENTIONED IN THIS ARTICLE
Ida County
Galva
Iowa
Quad County Corn Processors Cooperative
Buena Vista
Cherokee
Ida
Sac
Quad County Corn Producers
Holstein
Iowa Corngrowers Association
Cedar Rapids
Eddyville
Blairstown
Clinton
Ford Firestone feud escalates over tire failures and fatalities
The century long Ford and Bridgestone Firestone feud intensifies as executives Nasser and Ono face Senate Commerce Committee questions about the 6.5 million tire recall. Hearings continue after related congressional inquiries last week.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Bridgestone/Firestone Inc
Firestone
Ford Explorers
Senate Commerce Committee
Capitol Hill
Ford
Jacques Nasser
Bridgestone
Masatoshi Ono
Soybean prices seen rising on forecast 2000 crop
Government projections push 2000 soybean price range to 4.35 to 5.15 per bushel with a record overall production expected despite an 89 million bushel cut in the crop. Iowa yields fall from 49 to 47 bushels per acre, while corn prices ease and demand outlook grows.
MENTIONED IN THIS ARTICLE
Marlene Lucas Lazette
Iowa
U.S
Don Roose
U.S. Commodities Inc
Des Moines
Roose
ACORN
Acre
Usda Gazette
Unorthodox career guidance from McLeodUSA chief
Marion Art Christoffersen, president and CEO, shares unconventional career lessons at Linn-Mar High School. He highlights change as constant, stresses punctuality, and says tests shouldn’t dictate choices. He emphasizes college doors, then attitude and work ethic, with subjects like Spanish and accounting.
MENTIONED IN THIS ARTICLE
Christoffersen
Teleconnect
MCI
McLeodusa
U.S
Linn- Mar High School
Christofferson
Michelle Nelson
Nelson
Kelly Etzel
Art Christoffersen
McLeodusa Publishing
Linn-Mar High School
Marion
American Airlines reshapes schedules to fix late flights
American Airlines will reschedule flights at its Dallas Fort Worth hub and overhaul the Chicago operation to address on time and customer service problems. Chairman Donald Carty told industry analysts that despite efforts by carriers the system will remain overburdened and delay prone for at least two more summers.
MENTIONED IN THIS ARTICLE
American Airlines
Dallas-Fort Worth
Chicago
American
Donald Carty
Carty
Bond Prices Dip Again As Energy Rally Fades
U S Treasury notes slid for a second straight session as energy price easement failed to ease inflation fears. The 10-year note dropped 1/16 point to about 62.5 cents per $1,000, yield rising to 5.77 percent from 5.76. The 30-year declined a similar amount, yield up to around 5.75 percent from 5.72, per Bridge Televate.
MENTIONED IN THIS ARTICLE
Treasury
Bridge Televate
Visa launches smart card in the United States
Visa introduces an upgraded smart card for the U.S. market after success in Europe and Japan. The 32 kilobyte plastic card embeds microprocessors and will offer issuer determined services. Future uses include storing airline tickets and acting as keys to cars and homes.
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Europe
Japan
Visa
U.S
Visa USA
al Banisch
Consumer Credit Products
Energy crisis threat seen as real
OPEC leaders warn of a 1970s style energy crisis as output rises and prices stay high. Iowa expert Dowling cautions surging demand outpacing U S refining capacity while taxes and speculation push costs higher.
MENTIONED IN THIS ARTICLE
Rodriguez
Specu
David Dowling
Iowa
Iowa farmland values rise modestly amid government aid
Iowa farmland values increased overall by four percent from July 1999 to July 2000 as bankers report gains driven by government payments. Southeast, northeast, central and western regions show modest rises while southern Iowa falls. economists note direct payments and crop subsidies bolster land prices despite low ag prices.
MENTIONED IN THIS ARTICLE
Iowa
Michael Swanson
Wells Fargo & Co
U.S. Department of Agriculture
Swanson
Postal Service expands services with bilingual site and micropayments
The Postal Service announces new offerings including an Internet Spanish language site at WWW.usps.com/correo and the revival of USPS Micropayment enabling small payments with postage stamps. The actions mark a push into online access and small-transaction payments.
MENTIONED IN THIS ARTICLE
Washington
Usps.com
Correo
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Associated Press
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McLeodusa Publishing Ceo
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Dowling
BizFacts
Eae
Marlene Lucas
Armland
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Uree
Federal Reserve Bank of Chicago
Postal Service
Postal Ser
Vice
Paul Jerabek
Primus
Cedar River
Mike Barrigar