Investors cheer merger hopes as Citi sale and CSC sale loom
Investors sent stocks higher on light volume as Citi gains regulatory clearance for expansion and CSC lists itself for sale. The Dow rose 58.91 to 11203.85 and the Nasdaq gained 8.62 to 2345.36 while advancers led decliners 9 to 7. Delta pilots vote 94.7 percent to authorize a strike over contract talks with arbitration due by April 15.
MENTIONED IN THIS ARTICLE
Citigroup Inc
Computer Sciences Corp
New York Stock Exchange
Delta Air Lines Inc
Delta
Iowa
Comair
Wal-Mart Plans 50 Stores in Struggling Communities
Wal-Mart Stores Inc says it will build more than 50 new stores over two years in neighborhoods with high crime or unemployment, contaminated sites, or vacant malls. The plan aims to generate 15,000 to 25,000 jobs, many in minority communities, and could yield over $100 million in state and local tax revenue.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
Wal-Mart
Bentonville, Ark
March retail sales outlook trimmed by industry group
The International Council of Shopping Centers cut its forecast for same store sales growth to 2.0 2.5 percent for March from 3.0 percent. About 70 retailers are included in the survey. Poor weather hurt spring apparel demand after a 3.2 percent gain in February and a 5.0 percent rise in January.
MENTIONED IN THIS ARTICLE
International Council of Shopping Centers
Gazette News Services
Lowans Face Higher Grocery Costs Amid Rising Fuel Prices
In Cedar Rapids and Iowa City the Gazette finds a 5 percent rise in 16 basic grocery items year over year with a total of 32.10 in Cedar Rapids and 32.51 in Iowa City for the first quarter of 2006. Nationally the 16 items average 40.73, up 3 percent from a year ago.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Iowa City
American Farm Bureau Federation
Smeene S
Eee
the Gazette Gazette Graphic
SBA Budget Sparks Debate Over Agency's Future
Morning News reports that in a nearly 1 trillion federal budget for 2007 President Bush would fund the Small Business Administration at 624 million. Democrats and many small-business owners argue the agency is chronically underfunded and squeezed in every proposed budget since Bush took office.
MENTIONED IN THIS ARTICLE
MorNing News
Bush
Small Business Administration
Congress
SBA loan activity rises as critics call for agency changes
SBA backed 917 loans totaling $197.4 million in fiscal 2005 from Oct 2004 to Sept 2005, up from 821 loans and $138.8 million the prior year. Outside groups urge dissolving the SBA and ending small business contracting quotas, while the SBA cites record lending as proof of service despite tighter budgets.
MENTIONED IN THIS ARTICLE
U.S. Small Business Administration
SBA
Lloyd Chapman
American Small Business League
Bush
Small Business Administration
Mike Stamler
Exxon tops Fortune 500 as Wal Mart falls to No 2
Exxon Mobil Corp led the 2006 Fortune 500 with $340 billion in revenue and $36.1 billion in profits, the highest ever for a U.S. company. Wal Mart Stores Inc dropped to second, while GM remained third and Ford fell to fifth as oil companies rose amid high crude prices.
MENTIONED IN THIS ARTICLE
New York
Exxon Mobil Corp
Wal- Mart Stores Inc
Fortune
Exxon Mobil
U.S
Wal- Mart
General Motors Corp
Gold primes for inflation hedge but risks linger for small investors
Gold recently hit a 25 year high near 596.80 per ounce with forecasts of possible rises above 625 as ETF inflows surge. Analysts caution against buying on news and note that low inflation and strong dollar reduce short term upside, while supply constraints may limit near term gains.
MENTIONED IN THIS ARTICLE
Michael Iachini
Schwab Center For Investment Research
State Street
U.S
Goldunlion
iShares Comnex Gold Trust
SAU
Barclays Global Investors
Also Mentioned on This Page
Wall Street
AIR Travel
Delta Pilots OK
Mall Trade Association
1St Ave
15Th St
C.R. WalMart
Southwest C.R
Dubuque & Market
I.C
Coralville
C.R
By Marlene Lucas
Terry Franci
Farm Bureau
Wheat Belt
Franci
Cathy Dougherty
Dougherty Sprague Environmental Inc
Richardson
Texas
NASA
Dougherty
Exxon
Principal Financial
Des Moines
Maytag
Newton
Rockwell Collins
Casey's General Stores
Ankeny
HMI
Muscatine
Terra Industries
Sioux City
AmerUs Group
Chevron
Conoco
Ford Motor Co
General Electric
Citigroup
American International Group
International Business Machines Corp
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