Strong earnings lift markets amid Iraq jitters
Investors priced in robust first quarter results as three major indices climbed on Monday. The Dow rose 73.53 to 10,515.56, the Nasdaq gained 12.60 to 2,065.48, and volume showed more advances than declines on the NYSE as traders buffered geopolitical concerns with fundamentals.
MENTIONED IN THIS ARTICLE
Iraq
Bill Greenveld
vFinance Investments
New York Stock Exchange
DuPont to Eliminate 3500 Jobs Worldwide
DuPont plans to cut about 3,500 positions by year end, roughly 6 percent of its global workforce, with 3,000 jobs in the United States and Canada and 500 via attrition. Pioneer Hi-Bred in Johnston and 450 contractor roles also face cuts. Excluding INVISTA, about 59,000 remain.
MENTIONED IN THIS ARTICLE
Dover
Del
DuPont Co
United States
Canada
Pioneer Hi-Bred International
DuPont
Johnston
Invista Textiles
Koch Industries
Clif Webb
Invista
Charles O. Holliday
Microsoft settles with InterTrust in DRM patent deal
Microsoft will pay 440 million to InterTrust to end a three year old patent suit over technology that protects music and movies from piracy. The agreement gives Microsoft a license to InterTrusts digital rights management patents, with InterTrust jointly owned by Sony Philips Electronics and Stephens Inc. in Santa Clara California.
MENTIONED IN THIS ARTICLE
InterTrust Technologies Corp
Microsoft Corp
InterTrust
Microsoft
Sony Corp
Philips Electronics ,V
Stephens Inc
Santa Clara, Calif
Gannett posts 10 percent Q1 profit rise on ads and buys
Gannett Co Inc reports first quarter earnings of $274.4 million or $1.00 a share on revenues of $1.73 billion, up 10 percent and 11 percent year over year. The McLean, Virginia company credits ad revenue growth and U.K. properties for the gains.
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Gannett Co
U.K
Gannett
United States
USA Today
Thomson First Call
Treasury bill auction shows rate declines
The Treasury Department sold 16 billion in three month bills at a 0.915 percent discount, down from 0.930. Six month bills raised 13 billion at 1.025 percent, down from 1.030. The implied yields are 0.929 percent for three month bills at 10000 par and 1.044 percent for six month bills at 9948.20.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Carmike upgrade eyed for Cedar Rapids theater complex
Carmike Cinemas plans to expand the Carmike 7 in northeast Cedar Rapids into a Carmike 9 by Christmas. Two new state-of-the-art auditoriums with stadium seating, digital sound, wall-to-wall screens and plush seating will be added at 5245 Northland Ave NE while the existing seven auditoriums will be remodeled. The project keeps the theater open during construction and targets completion by December.
MENTIONED IN THIS ARTICLE
Jim Slosiarek
the Gazette
Carmike Cinemas
Northland Ave
Cedar Rapids
George C. Ford
Tenazette
Columbus
Edgewood Rd
Collins Road 5
Collins Road
Collins Road Square
Bruce Taylor
Wehrenberg Theatres of
St. Louis
Council Street
Labor Negotiations At American Eagle Pilot Contract Talks Begin
American Eagle and its 2,500 pilots represented by the Air Line Pilots Association opened a discussion on pay and working conditions under a 16 year contract signed in 1997. The talks aim to recruit and retain pilots amid expansion and behind competitor pay scales. Flight attendants and ground staff are also negotiating. AMR shares dipped to 12.90 on the NYSE.
MENTIONED IN THIS ARTICLE
Herb Mark
American Eagle Pilots’ Executive Council
Mark
American Eagle
Fort Worth
Dyersville firm seeks state funding for expansion
Iowa RC2 Brands Inc. seeks 400000 in grants and forgivable loans to consolidate its shipping and distribution center in Dyersville, saving 168 jobs and adding 32 positions over three years. The plan includes 3 million in upgrades, taxes reductions, and expanding operations to support Learning Curve Inc. of Chicago.
MENTIONED IN THIS ARTICLE
Dyersville
Iowa
Rc2 Brands Inc
Iowa Department of Economic Development
Bolingbrook
Ill
Rc2 Brands
Folgers to raise office coffee prices about 5 percent
Procter and Gamble announced a roughly five percent price hike on most Folgers coffee products sold for office and food service use effective May 3. The increases reflect higher costs for unprocessed green coffee, equipment, and oil, with many products rising about 25 cents per pound for food service buyers.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Folgers
Tonia Hyatt
Procter & Gamble Raises Prices on Office Coffee Line
Procter & Gamble increased prices on most Folgers office coffee products by 4 percent, excluding Folgers cappuccino and latte varieties and Millstone away from home items. Hyatt noted the move while shares rose 72 cents to close at 107.12 on the NYSE.
MENTIONED IN THIS ARTICLE
Folgers
Procter & Gamble
New York Stock Exchange
Iowa Crop Report Shows Favorable Moisture Levels Statewide
The Iowa Crop & Weather report notes a dry week with moisture still favorable for crops. Topsoil and subsoil moisture levels improved this year versus last spring, with 72 percent and 66 percent adequate respectively. Farmers have 66 percent fertilizer applied and 47 percent seed beds prepared, while 64 percent of intended corn area has been planted.
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Iowa
Iowa Crop & Weather Report
East Central District
Linn
Johnson
Cedar Rapids
Iowa City
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