Earnings boost lifts blue chips as Nokia warning rattles tech
Wall Street indices mixed with the Dow rising 12.44 to 10 570.81 while the Nasdaq drops 19.22 to 2059.90. Traders note a vacation mood amid cautious activity after Nokia issued an earnings warning. Wellmark reports 2003 fraud investigations saved or recovered nearly 2.8 million dollars in Iowa and South Dakota. Farmers market listings invited for Gazette April 25 with submissions due by April 20.
MENTIONED IN THIS ARTICLE
Wall Street
Nokia
Jay Suskind
Ryan Beck & Co
Livingston
N.J
New York Stock Exchange
Wellmark Blue Cross
Blue Shield
Iowa
South Dakota
Wellmark
Special Investigations
Joe DuBray
National Healthcare Anti-Fraud Association
U.S
Gazettecommunications
Marlene Lucas
The
Gazette
Third Ave
Cedar Rapids
C R Cargill Plant Reaches 1 Million Work Hours Milestone
The 250 employees at C R Cargill corn milling plant on Otis Road SE Cedar Rapids celebrated 1 million hours without a work time loss due to injury. Achieved in two years, it is the second time the firm has hit 1 million hours in 35 years. Employees received jackets and officials were invited to join the celebration.
MENTIONED IN THIS ARTICLE
Cargill
Otis Road SE
Cedar Rapids
Gazette
Grassley moves energy tax provisions into jobs bill
Sen. Grassley plans to shift energy tax credits into a forthcoming jobs-plus bill to spur factory and farm growth. The amendment would expand wind production credits aiding MidAmerican Energy's large northwest Iowa project and add biodiesel, biomass, and ethanol provisions to lift soybean prices, boost biofuel plants, and widen ethanol producer eligibility while benefiting cooperatives and 152 Iowa farmer cooperatives.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Chuck Grassley
Iowa
Senate
Grassley
Ethanol Gains Ground As Gas Prices Rise
Ethanol industry leaders say higher gas prices could boost ethanol blend fuel sales. E-10, about 10 percent ethanol, can cost several cents less per gallon than regular gas at Midwestern stations. Nebraska and Iowa incentives help consumers, while MTBE bans spurred growth, with U S ethanol production rising from 2.13 to 2.81 billion gallons and projected to 3.5 billion this year.
MENTIONED IN THIS ARTICLE
Jim Slosiarek
the Gazette
Johnson Avenue NW
Cedar Rapids
Midwest
Omaha, Neb
Ron Lamberty
American Coalition For Ethanol
Sioux Falls
S.C
Omaha
Todd Sneller
Nebraska Ethanol Board
Nebraska
Sneller
Iowa
South Dakota
Idaho
Iowa City
Alcoa profits soar in first quarter on strong aluminum demand
Alcoa Inc reports a first quarter profit of 355 million dollars or 41 cents a share, up from 151 million a year earlier, with revenues of 5.7 billion. The results miss the 42 cent per share consensus, despite higher sales and ongoing cost cuts. The firm sold its specialty chemicals unit for 58 million, offset by legal settlements with proceeds.
MENTIONED IN THIS ARTICLE
Pittsburgh
Alcoa Inc
China
Wall Street
Thomson First Call
Alcoa
Charles Bradford
Bradford Research/Soleil Securities
New York
Quad Cities
Delta ends Delta Connection pact with Atlantic Coast Airlines
Delta Air Lines will end its contract with Atlantic Coast Airlines to operate regional jets as Delta Connection at Cincinnati and Boston hubs. Atlantic Coast has run Delta Connection flights since 1999 and will stop in October as Atlantic Coast pivots to independence as Independence Air with a Dulles hub. United Airlines previously announced replacing Atlantic Coast with other regional carriers.
MENTIONED IN THIS ARTICLE
Dulles
Delta Air Lines
Atlantic Coast Airlines
Delta Connection
Delta
Cincinnati
Boston
Atlantic Coast
Atlanta
Delta Connection Inc
Independence Air
Dulles International Airport
Washington, D.C
United Airlines
Kerry Sheen
General Mills Says SEC Questions Endquarter Loading Practice
General Mills says SEC staff questioned its end of quarter loading practices used to hit sales targets. The company defined loading as discounts to spur retailer and wholesaler purchases and noted concerns over its returns policy.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills Inc
Securities and Exchange Commission
General Mills
SEC
Cedar Rapids
Iowa City
Steve Sanger
Millard
Wells
New York Stock Exchange
Union accuses IPSCO of unfair labor practices
United Steelworkers file with the National Labor Relations Board alleging IPSCO Tubulars in Camanche restricted union literature and on two occasions last fall promised better benefits if workers avoided organizing. IPSCO spokesperson declined comment. IPSCO operates 10 US plants including ones in Camanche and Montpelier.
MENTIONED IN THIS ARTICLE
Davenport
United Steelworkers Union
National Labor Relations Board
Ipsco Tubulars
Camanche
IPSCO
Kelly Bossart
United States
Iowa
Montpelier
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Nasdaq
Farmers Market List
C.R. Cargill
Cityune
AP Stockquote
AMEX
Est Wind
Northwest
MidAmerican Energy
Lucas
Gazettecommunications.com
Sen
Chuck
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