Markets slip as Dow drops while tech stocks rise
Blue chip shares fell on profit taking amid earnings concerns though high tech shares edged higher. The Dow fell 51.05 to 11182.18 and the Nasdaq rose 44.38 to 3893.89 with 19 of 42 Eastern Iowa stocks down and 23 up. Union Planters gained 1.06 to 33.81 after its CEO death. Deere & Co. added 1.12 to 34.37.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Union Planters Corp
Conexant Systems Inc
Deere & Co
Conexant to spin off its Internet software unit
Conexant Systems Inc announced plans to spin off its Internet software and semiconductor division into a new independent company. The move aims to let the parent focus on chips and software for Internet ready mobile phones and home broadband devices. Chairman William Decker said two strong semiconductor businesses will reach full potential. Conexant shares rose to 37.06 on Nasdaq after the news.
MENTIONED IN THIS ARTICLE
Conexant Systems Inc
William Decker
Conexant
Rockwell International Corp
Record U S trade deficit hits 106.1 billion in Q2
The Commerce Department reports the current account shows a 4.6 percent widening of the U S trade gap to 106.1 billion in the April to June quarter. Economists link the larger deficit to strong U S economic growth and high demand for foreign goods.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
NBA and Intel plan Web venture to expand online video
The NBA will partner with Intel to broaden basketball video offerings on NBA sites. Fans will see highlights and archival clips this season, with later access to deeper archives and statistics. The aim is to let fans assemble personalized game feeds from multiple camera angles.
MENTIONED IN THIS ARTICLE
NBA
Intel Corp
National Basketball Association
David Stern
Cattle Congress Opens as 90th National Fair Begins in Waterloo
The National Cattle Congress Fair in Waterloo runs Thursday through Sunday drawing over 100000 visitors. PRCA Rodeo schedules show at 7 p.m. Friday and Saturday and 3 p.m. Sunday. Milk & Honey and America perform tonight with doors at 6:30 p.m. and show at 7:15 p.m. Jurassic Journey displays run all four days. Admission 5 dollars for adults 2 dollars for children ages 6 to 11. free for younger children. Parking is free.
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Waterloo
Congress
McElroy
Milk & Honey and
America
Union Planters CEO dies at 62 after heart attack
Benjamin W. Rawlins Jr., longtime chief executive and chairman of Union Planters Corp, died at home Tuesday at age 62. He led the Memphis based bank as it expanded to 12 states and a $34 billion financial services firm. President Jackson W. Moore will assume Rawlins duties.
MENTIONED IN THIS ARTICLE
Benjamin W. Rawlins Jr
Union Planters Corp
Rawlins
Union Planters
Memphis
Jackson W. Moore
Ben
Moore
Alabama
Arkansas
Florida
Illinois
Indiana
Iowa
Kentucky
Louisiana
Mississippi
Missouri
Tennessee
Texas
Beef labeling agreement reached to mark U S produced beef
Cattle producers and meatpackers reach a voluntary labeling system for U S produced beef with the label Beef Made in the U S A The plan awaits Agriculture Department approval and would raise costs while offering consumers a clearer origin indicator About 1 million of 36 million U S cattle are born in Mexico under the rule but Canadian cattle largely fail to qualify due to fattening before crossing the border
MENTIONED IN THIS ARTICLE
Washington
America
U.S
Agriculture Department
Department
United States
U.S.A
Motley
Canada
Congress
Mexico
Grain warehouse sale shifts ownership in Iowa City
The Gringer grain storage facility in Iowa City sold Aug 1 to Consumers Cooperative Society of Iowa City for an undisclosed sum. Gringer says operations continue unchanged with all prior staff. the move leaves the site as one of four major county warehouses alongside Solon Oxford and Frytown.
MENTIONED IN THIS ARTICLE
Gringer
Consumers Co-Op
Gringer Feed
Johnson County Farm Service Agency
Co-Op
Johnson County
Solon
Oxford
Frytown
Steve Carson
FSA
Iowa City
Bobby Ratliff
Kcrg-Tv
Gringer Feed and Grain, Inc
Don Gringer
Consumers Cooperative Society of
United Airlines lowers fares to lure wary travelers
United Airlines cuts many domestic round trips through December by about half to repair image after labor strife. Long distance and international routes see smaller cuts. Online booking offers extra discounts on www.united.com. Sample fares include Boston Denver 288 and New York London 228. Discounts run through Sept. 22 with seven day advance purchase and no blackout dates.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
U.S
United
United.com
Boston
Denver
New York
Los Angeles
Washington, D.C
Orlando
London
Munich
Chicago-Frankfurt
Joe Brancatelli
BizTravel.com
Historic banking merger forms J P Morgan Chase
Chase Manhattan Corp. agrees to acquire J P Morgan & Co. for about 36 billion in stock to form J P Morgan Chase & Co. The combined group will hold roughly 660 billion in assets, ranking behind Bank of America. Douglas Warner to chair the new firm. William Harrison to lead as CEO.
MENTIONED IN THIS ARTICLE
New York
Chase Manhattan Corp
J.P. Morgan & Co
United States
J.P. Morgan Chase & Co
J.P. Morgan Chase
Bank of America Corp
Chase
J.P. Morgan
Douglas Warner
William Harrison
U.S
George Peabody
Junius P. Morgan
Peabody
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Intel
Plan Web Venture
Cief
BizFacts
Women In Management
Fortune 500
U.S. Department of Agriculture
George Hall
National Cattlemen's Beef Association
Wal-Mart
Albertson’s
Safeway
USDA
1.C
Gringer’s
By Nathan Hill
Ating
Nathan Hill
Nathanh
Tyiowa
Training Options Service Division
Cedar Rapids Conference Center
3Rd Ave
Apple
Tech-Assoc.com
Ny Neeson
Apple Computer, Inc
Intort
Technihe
Quick Time
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