Stocks Edge Higher as Oil Sags and Gas Prices Rise
Stocks posted modest gains in a choppy session as oil futures pulled back from an intraday peak of 58.28 and settled at 57.01. Gasoline averaged 2.22 per gallon nationwide as of Monday, while the Dow rose to 10,421.14 and the Nasdaq advanced to 1,991.07 with about five advances for every four declines.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Energy Department
Dow Jones
New York Stock Exchange
ChevronTexaco to Buy Unocal in 16.4 Billion Deal
ChevronTexaco announces a planned 16.4 billion dollar acquisition of Unocal, uniting San Ramon based ChevronTexaco and El Segundo based Unocal. Unocal shares drop 7.4 percent while ChevronTexaco falls 3.9 percent. Verizon threatens to drop its 7.5 billion MCI takeover if Qwest tops it. MCI and Qwest respond to bidding war as shares swing.
MENTIONED IN THIS ARTICLE
ChevronTexaco
Unocal
ChevronTexaco Corp
Unocal Corp
San Ramon
Calif
New York Stock Exchange
Verizon
MCI Inc
Qwest
MCTI
Qwest Communications International Inc
MCI
Treasury bill rates fall for second week in auction
The Treasury Department sold 18 billion dollars of three month bills at 2.735 percent, down from 2.780 percent, and 16 billion dollars of six month bills at 3.035 percent, down from 3.090 percent. The new rates imply yields of 2.792 percent for three month bills and 3.125 percent for six month bills.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Fixed rate introduced for new Series EE bonds
The U S government will start offering fixed interest rates for all new Series EE bonds from May 1, locking the rate for the bond’s life. Existing EE bonds remain unaffected. The change aims to lower future payments as rates rise, drawing commentary from expert Daniel Pederson who notes investors should manage bonds to optimize returns.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Daniel Pederson
Pederson
Savings bonds: Series I linked to inflation and EE rates change
The article explains Series I bonds achieve inflation protection with semiannual adjustments tied to the Consumer Price Index. It notes Series EE bonds have had a variable rate since 1982 and will adjust on May 1 and November 1. Existing bonds will adjust for the current rate, while new EE bonds issued after May 1 will reflect the same schedule.
Grocery prices dip in first quarter in Cedar Rapids and Iowa City
The Gazette reports a modest fall in 16 basic grocery items in Cedar Rapids and Iowa City for the first quarter 2005 compared with late 2004 and a year earlier. Flour rose most, bacon up, while mayonnaise fell, with the national average $39.53. The farm share is about 22 percent.
MENTIONED IN THIS ARTICLE
Wal-Mart
Little Rock
Ark
Wal-Mart Stores Inc
Fortune Magazine
U.S
Marlene Lucas
Gazette
Iowa
Cedar Rapids
Iowa City
American Farm Bureau Federation
Farm Bureau
Cedar
the Gazette Gazette Graphic
Spring fieldwork continues amid higher fuel costs
Iowa farmers push ahead with planting oats and applying anhydrous fertilizer as diesel costs rise about 50 cents a gallon from last fall. Denny Seikora notes efficiency changes like a field finisher aid trips while soil moisture remains largely adequate and a potential record corn crop looms.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Iowa
Denny Seikora
County Home Road
Marion
Sejkora
Collins acquires German aviation electronics firm TELDIX
Rockwell Collins completes a 94 million purchase of TELDIX GmbH in Heidelberg boosting European defense reach. TELDIX staff of 400 will grow Collins Europe by about 40 percent with positions on Eurofighter Typhoon and Tiger programs.
MENTIONED IN THIS ARTICLE
Dave DeWitt
the Gazette
Cedar Rapids
Rockwell Collins
Teldix Gmbh
Teldix
Heidelberg
Germany
Collins
Greg Churchill
Rockwell Collins Government Systems
Europe
Cedar Rapids retailers expand to Coralville mall
Touch of Glass Interiors and Laughing Lilac will open in the Coral Valley Market in Coralville this summer. The two Cedar Rapids shops will occupy adjacent spaces in a 31,900 square foot strip center, sharing customers with overlapping decor concepts.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Coral Valley Market
Coralville
Cedar Rapids
Touch of Glass Interiors
Laughing Lilac
Coral Fruit Market
25Th Avenue
Touch of Glass
Laurie Renda
Center Point Rd
Third Ave
Fifth Ave
Heidi Sills
Sills
Renda
Iowa City
Coral Valley
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AP Stockquote
Terry Franci
Transporta
Franci
Marlene.lucas
Gazettecommunications.com
Iowa Crops & Weather Report
Iowa Agricultural Statistics
East Central District
Linn
Johnson Counties
Marlene
Lucas
Gazettecommunic
Denny Sejkora Marion Farmer
Ations.com
David.dewitte
G.R
Avid
Dewitte
Sylvia Brim
Cpa
cFp
Csa
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