Tech stocks rally while blue chips stumble in volatile session
The Nasdaq gains 139.12 to 3,865.64 led by technology shares, the Dow falls 19.23 to 10,789.29, and the S P 500 rises 15.39 to 1,459.90 amid fluctuating trading. Rockwell International drops after a Morgan Stanley downgrade. McLeod USA and Wal-Mart move modestly. IMF sees global growth at 4.7 percent but oil prices and a weak euro threaten the outlook. General Tire to replace about 160,000 tires for free due to tread issues on certain 16 inch ContiTrac AS tires used on Lincoln Navigators.
MENTIONED IN THIS ARTICLE
Standard & Poor
New York Stock Exchange
Iowa
Rockwell International
Morgan Stanley
McLeod USA
Wal-Mart
International Monetary Fund
IMF
General Tire
Ford Motor Co
Charlotte
N.C
Fifth Circuit rules puffery not barred slogan for Pizza Hut case
A federal appeals court ruled Papa Johns did mislead with ads but the slogan Better Ingredients Better Pizza was puffery and need not be dropped or punished with damages. The court found the sauce and dough comparisons misleading yet insufficient to prove purchases were driven by the slogan.
MENTIONED IN THIS ARTICLE
Papa John’s
Pizza Maker
Better Pizza
Pizza Hut
5Th U.S. Circuit Court of Appeals
Pizza Hut Inc
States seek power to punish airlines for consumer abuses
Attorney General Tom Miller urges Congress to let states act against airlines that violate consumer protection laws. He cites flight cancellations and alleged misrepresentation to travelers and inaction toward stranded customers. Miller co- signs with 44 state AGs and wrote to Iowa lawmakers.
MENTIONED IN THIS ARTICLE
Lawn
Tom Miller
Congress
States
Miller
Iowa
Steak and Shake unit trims noncore Indiana Illinois assets
Consolidated Products Inc plans to close or sell 11 non Steak n Shake eateries in Indiana and Illinois and adopt the name The Steak and Shake Co. to focus on its core steakhouse business. The actions affect eight Colorado Steakhouse outlets in Indiana and Illinois, the Mustard's in Bloomington and two other casual diners in Illinois.
MENTIONED IN THIS ARTICLE
Indiana
Illinois
Consolidated Products Inc
Steak and Shake Co
Colorado
Mustard’s
Bloomington
Champion Enterprises to close outlets and plants amid sluggish sales
Champion Enterprises Inc a large mobile home maker based in Auburn Hills Michigan will close about 41 retail centers and several of its 56 plants due to weak demand. The company projects a net loss of 8 to 10 cents per share for the quarter ending September 30 on about 450 million dollars in revenue.
MENTIONED IN THIS ARTICLE
Champion Enterprises Inc
Auburn Hills
Mich
Champion
Rudi's Bakery opens new North Liberty site in Iowa
Work began on a $6 million organic bakery by Rudi's Bakery of Boulder in North Liberty. The 35,000 square foot facility along Highway 965 aims for full production in about 18 months, with initial staffing up to 100. The bread will rise for 15 hours in a European style, and distribution plans include Northeastern states, Florida, and a possible Hy-Vee arrangement.
MENTIONED IN THIS ARTICLE
Rudi
John Hay
Hay
Web Cam Lets Owners Watch Dogs From Kennel
Dog trainer Todd Gaster introduces a Web cam service at Gaster's Canine College in Cedar Rapids. Owners can log on to monitor their dogs in real time from the new Blairs Ferry Road location opened Sept 12. An open house runs 4 to 7 p.m. today. The kennel offers training classes and two week drop offs with extra $8 cage camera option. Call (319) 373-2215 for details.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Edar Rapids
Todd Gaster
Fido
Gaster
Gasterscanine
Joan Iinn
American Kennel Association
Canine College
Blairs Ferry Rd
Town Rd
Marion
Gaster’s Canine College
Gaster’s
Iowa gas prices set to edge higher amid volatile oil markets
Iowa energy analysts report continued gasoline price fluctuations as self serve regular climbs to 1.56 per gallon and diesel to 1.67 amid crude price surges. Officials note OPEC output may not meet rising demand while geopolitical tensions raise market jitters and heating fuel costs surge ahead of winter.
MENTIONED IN THIS ARTICLE
Ward Lenz
Iowa
DNA
Kuwait
Iraq
Iowa Economic Forecast predicts steady growth into 2001
The University of Iowa forecast projects real personal income rising 3.6 percent in 2001, up from 3.01 percent in a June outlook, with employment growth of 2 percent in 2000 and 1 percent in 2001. Services and retail lead gains while non-durable manufacturing lags.
MENTIONED IN THIS ARTICLE
Iowa
Gazette
Iowa City
University of Iowa Institute For Economic Research
Beth Ingram
Institute
Ingram
Also Mentioned on This Page
Mobile Home Maker
BizFacts
Mente
M. Grou
N. Liberty
By Dave DeWitte
Florida
Rudi’s
Hy-Vee
Celestial Seasonings Tea Co
North Liberty
Colorado Bakery
C.R. Kennel
Rt Hag
Cee Em
Welter
Blairs Ferry
Cedar Rapids
Monticello
Dubuque
Primus
Cedar River
Mike Barrigar
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