Wall Street rebounds on light volume amid earnings optimism
Investors snapped up stocks Monday as lower prices drew buyers but caution lingered ahead of first quarter results. The Dow rose 147.69 to 8351.10 and the Nasdaq gained 26.10 to 1384.95 as advancers outpaced decliners 3 to 1 on light trading.
MENTIONED IN THIS ARTICLE
Michael Murphy
Wachovia Securities
Dow
New York Stock Exchange
Henkel Seeks Higher Price for Wella Stake from P G
Henkel CEO Ulrich Lehner said at the Duesseldorf annual meeting that the offer of 65.80 dollars per Wella preferred share from Procter & Gamble, which agreed to acquire 77.6 percent of voting rights, is disappointing. P G spokesman Terry Loftus called the announced price fair and attractive.
MENTIONED IN THIS ARTICLE
Procter & Gamble
P&g
Terry Loftus
Interest rates rise in Treasury bill auction
The Treasury sold 15 billion in three month bills at 1.165 percent, up from 1.135 percent, and 15 billion in six month bills at 1.175 percent, up from 1.135 percent. The implied yields were 1.186 percent for three months and 1.202 percent for six months. The Fed cut shows one year yields up to 1.25 percent from 1.19.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
WorldCom Unveils Plan to Rename MCI and Cut Debt
WorldCom proposed a reorganization that would erase about 36 billion dollars of debt, give creditors control, rename the company to MCI, and move headquarters to Ashburn Virginia. The plan includes cash payments and stock, with emergence from Chapter 11 possible by September.
MENTIONED IN THIS ARTICLE
MCI
Clinton, Miss
WorldCom Inc
U.S
WorldCom
Washington
Ashburn
Clinton Miss
McI.com
Michael Capellas
Capellas
Mississippi
Ronnie Musgrove
Trent Lott
Clinton
Robert Blakely
Lyondell Chemical Co
Tenneco Ince
Telecommunications Indus
At&t Corp
At&t
Sprint Corp
Marion Hy-Vee to Expand with 6000 Square Feet in Marion
The Marion Hy-Vee at 3600 Highway 151 East will add a 6000 square foot health mart with natural products a drive up pharmacy window and expanded liquor and pharmacy departments. A permanent front canopy and larger parking area will be built by late June as part of the store’s updated look.
MENTIONED IN THIS ARTICLE
Robert Spencer
Fort Madison
Marion
the Gazette
Highway 151 East
Dave Kozak
Health Mart
Kozak
Hy-Vee
Ruth Mitchell
Davenport Firm to Manage Iowa Fund of Funds Venture
Great River Capital of Davenport will structure place and oversee the Iowa Fund of Funds with a $10 million initial commitment. Dresdner Bank funds $10 million and local investors provide about $500,000. Quad-City groups list multiple local banks and firms as investors across two development corps shaping the venture.
MENTIONED IN THIS ARTICLE
the Gazette
Davenport
Iowa Fund of
Great River Capital of
Iowa Capital Investment Corp
ICIC
Iowa Fund of Funds
Dennis Murdock
Great River Capital
Dresdner Bank
Iowa
Murdock
Ron Summers
Quad-City Development Group
Quad- City Development Finance Corp
Quad-City Community Development Corp
Quad-City Development Finance Corp
Quad-City Bank & Trust
McCarthy Companies
Modern Woodmen of America
U.S. Bank
Iowa American Water Co
Wells Fargo
The
Mel Foster Co
Design-Build Associates
Lane & Waterman
W.G. Block & Co
Ruhl & Ruhl
the Russell Construction Co
Shire-Hattery
Northwest Bank & Trust
MidAmerican Energy
Bank One
Alcoa
American Bank & Trust
the National Bank
Bank of Orion
National City Bank
Blackhawk State Bank
First Midwest Bank
Southeast National Bank
MidAmerica Bank
Iowa farmers push field work with oats planted ahead
East Central Iowa crops show 52 percent of oat acreage planted while no corn has been planted as of Sunday. statewide progress lists 60 percent fertilized and 40 percent seed bed prepared, with moisture shortages drying southern districts.
MENTIONED IN THIS ARTICLE
Iowa
Iowa Crops & Weather Report
Iowa Agricultural Statistics
Weather Report Southeast District Topsoil Moisture Shortage
The report notes precipitation affecting topsoil moisture with 70 percent rated very short to short in the Southeast district. Subsoil is very short to short at 79 percent, while subsoil moisture stands at 73 percent.
MENTIONED IN THIS ARTICLE
East Central
Linn
Johnson Counties
South Central District
Taxpayers Can Get Four Month IRS Extension
Many filers overwhelmed by the April deadline can obtain a four month extension by submitting Form 4868. It is an extension to file only. 90 percent of the tax owed must be paid to avoid penalties. Over 8.5 million are expected to file for the extension. The form can be filed by mail, phone, or electronically.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Evan Snapper
Ernst & Young
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AP Stockquote
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World- Com
F. Drake Johnstone
Davenport & Co
Richmond
Marion Hy-Vee
APAC
McLeod USA
Aegon
Saks Inc
Genencor Inti Ine Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Indis
Union Planters
Intl Paper
Old Fire Cas W
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Longyn Fib
Unova Inc
Macc Pry Eat
Verizon Cormm
Marsh & McLennan