Stocks End Session Higher On Upbeat Economic Data
A drop in weekly unemployment claims and a rise in manufacturing lifted stocks Thursday as traders waited for the March jobs report. The Dow rose 15.63 to 10,373.33 and the Nasdaq gained 20.79 to 2,015.01, with advancers outpacing decliners about 2 to 1.
MENTIONED IN THIS ARTICLE
Michael Palazzi
SG Cowen Securities
New York Stock Exchange
IRS chief blasts AMT tax and budget aims
IRS Commissioner Mark Everson criticizes the alternative minimum tax as increasingly affecting middle earners. He calls for tax code simplification, higher IRS funding to 104000 staff, and tougher enforcement to close the 250 billion tax gap while detailing audit and verification plans.
MENTIONED IN THIS ARTICLE
Dave DeWitt
the Gazette
IRS
Mark Everson
Everson
Imum
Southern Living recalls April issue over faulty dinner roll recipe
Southern Living pulls its April issue after a recipe for icebox rolls caused burns to at least five readers. The incorrect method boiled water with shortening, risking an explosive burst. The correct method uses boiling water poured over shortening then melted with stirring.
MENTIONED IN THIS ARTICLE
Southern Living Magazine
Dow Jones boosts index with Pfizer Verizon AIG replaces AT T Kodak
Dow Jones & Co swaps its benchmark industrial average for the first time in over four years. AT T International Paper and Eastman Kodak are replaced by American International Group Verizon Communications and Pfizer Inc. The changes take effect at the start of trading April 8.
MENTIONED IN THIS ARTICLE
Dow Jones & Co
At&t Corp
International Paper Co
Eastman Kodak Co
American International Group Inc
Verizon Communications
Pfizer Inc
U.S
John Prestbo
The
Wall Street Journal
Mortgage rates edge up but stay below last year's levels
The 30-year fixed rate rose to 5.52 percent from 5.40 percent, the 15-year fixed climbed to 4.84 percent from 4.70 percent, and the 1-year adjustable increased to 3.46 percent from 3.36 percent, per Freddie Mac.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette
News Service
Iowa joins lawsuit to block Arch Triton coal merger
Iowa joins Missouri led suit with Texas Illinois Kansas Arkansas to block Arch Coal Inc. purchase of Triton Coal Co. in Wyoming’s Powder River Basin. Attorney General Miller says the sale would reduce competition, raise prices, and give the top three producers 86 percent of regional output.
MENTIONED IN THIS ARTICLE
Ine Gazette
Iowa
Triton Coal Co
Wyoming
Powder River
Arch Coal Inc
Tom Miller
Powder River Basin
Attorney General of
Missouri
Texas
Illinois
Kansas
Arkansas
Arch Coal
Kim Link
Arch
Triton
North Rochelle
Black Thunder
Link
Federal Trade Commission
St. Louis
Gateway to close 188 stores cutting 2500 jobs nation-wide
Gateway Inc announced it will shutter all 188 retail stores next week and lay off about 2,500 workers. The Poway based company recently posted its 12th loss in 13 quarters and will wind down operations as it explores other retail options.
MENTIONED IN THIS ARTICLE
Poway
Calif
Gateway Inc
San Diego
Gateway
Cedar Rapids
Davenport
West Des Moines
Dell Inc
Midwest manufacturing improves with inflation pressures rise
The Mid-America Business Conditions Survey shows a March index of 69.7, the strongest since 1994, with prices paid at 87.5 signaling tight inflation. Iowa reports 76.5 overall, with high new orders 83.8 and exports rising. hiring steady as job gains in 2004 edge toward two more quarters. Creighton includes nine Midwest states in the survey.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Midwest
Mid-America
Creighton University
Jim Knudsen
Knudsen
Federal Reserve
Iowa
U.S. Bureau of Labor Statistics
Arkansas
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Iowa fund buys stake in Nu-World Amaranth food firm
Nu-World Amaranth Inc. of Chicago, with plants in Dyersville and Earlville, receives 30 percent equity investment from Corridor Management Co of Cedar Rapids on behalf of Iowa First Capital Fund LP. The deal funds marketing expansion, new carbohydrate conscious products, and broader retail penetration. Susan Walters-Flood, president, calls the partnership value added and expects rapid growth aided by IFCF.
MENTIONED IN THIS ARTICLE
Michael Stenerson
the Gazette
Tom Vilsack
William Tesch
Lesaffre Yeast Corp
Didier Damien
Lesaffre International
Red Star Yeast
Cedar Rapids
Lesaffre
Archer Daniels Midland
Red Star Yeast LLC
Vilsack
Iowa
Des Moines
C.R. Investment Fund
Chicago
By _e C. Ford Gazette
Dyersville
Earlville
Nu-World Amaranth Inc
Iowa First Capital Fund LP
Corridor Management Co
Dennis Wangeman
Iowa First Capital Fund
Nu-World Amaranth
Amaranth
Susan Walters-Flood
Nu- World Amaranth
IFCF
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