Stocks Close Mixed After Gains as Adelphia Bid Emerges
Wall Street retreats as investors lock in profits despite oil declines and an $18 billion Adelphia bid by Time Warner and Comcast. Dow falls to 10,461.34 while Nasdaq slips to 1,999.35. Chrysler recalls 70,000 2003 minivans for rear liftgate latch issue. ConAgra delays 3Q filing while correcting tax accounting errors.
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Adelphia Communications Corp
Wall Street
Time Warner Inc
Comcast Corp
Adelphia
New York Stock Exchange
DaimlerChrysler AG
Chrysler Group
Chrysler
Dollar General to pay 10 million in SEC restatement settlement
Dollar General Corp agrees to a 10 million final settlement with the SEC over restating 1998 to 2000 financial results. The discount retailer neither admitted nor denied the allegations and faced a permanent injunction against future securities-law violations.
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Dollar General Corp
Securities and Exchange Commission
Iowa
SEC
Dollar General
Gazette
News Service
Da Vinci robotic surgery advances in pediatric care
Dr. John Meehan at Children's Hospital of Iowa demonstrates minimally invasive robotic procedures using the da Vinci system. The symposium in Iowa City gathers surgeons from abroad to share techniques while highlighting the robot’s 3-D visualization and wristed instruments for tiny pediatric incisions.
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Brian Ray
the Gazette
Guillaume Podevin
Top
Nantes
France
Chris Hyde
University Hospitals
Iowa City
John Meehan
Children’s Hospital of Iowa
Meehan
Children’s Hospital
Des Moines
Tor
Sweden
Australia
da Vinci
Global gas links Iowa to world market rising
At a Des Moines energy conference, Seth Schwartz of Energy Ventures Analysis said Iowa will become tied to world gas markets as LNG imports from the Middle East or Russia are used to supplement domestic supply. He noted wind power grows slowly while coal and gas plants drive new capacity, and prices should ease when LNG increases share of supply.
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Des Moines
U.S
Schwartz
MidAmerican Energy
Iowa
Alliant Energy
Hotel near airport switches to Country Inn brand
Cedar Rapids hotel near The Eastern Iowa Airport changes affiliation to Country Inn & Suites by Carlson. The 74 unit, built in 1997, underwent renovations including lobby overhaul and new decor during the transition from Howard Johnson Airport Express Inn & Suites to Country Inn. Gary Kinseth of Kinseth Hospitality Management bought the property in August 2004.
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Ine Gazette
Cedar Rapids
Iowa
Country Inn & Suites
Carlson
Howard Johnson Airport Express Inn & Suites
Atlantic Dr
Gary Kinseth
Kinseth
Consumer confidence steady amid high energy prices
The AP Ipsos index shows 84.5 in April, barely changing from March's 84.2 as energy costs stay high. Economists expect growth around 4 percent for Q1 with possible slowing in Q2, while higher oil prices press consumer budgeting.
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Washington
America
Ap-Ipsos
Ipsos
United States
Consumer confidence dips as gas prices rise and jobs growth slows
A confidence index tracking economy finances and job security shows a dip after a brief uptick. Gas prices average 2.22 dollars per gallon nationwide and could reach about 2.35 dollars this summer, while the government reports 110,000 new jobs in March, the smallest gain in eight months.
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Energy Information Administration
Federal Reserve
Alan Greenspan
America
Syngenta U.S. settle over biotech corn case
Syngenta AG reached a settlement with the U.S. government after selling unapproved Bt10 corn. The deal requires a 375000 dollar fine and a compliance training conference. Officials say no health or environmental concerns were found.
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Syngenta
U.S
Washington
Syngenta AG
Agriculture Department
Environmental Protection Agency
EPA
USDA
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