Wall Street Rises on GM TI Earnings Boost
The Dow gains 207.65 to 10301.32 and the Nasdaq up 63.01 to 1816.79 as GM and TI beat estimates. Local movers include U S Cellular Heartland Express United Fire Toyota Weyerhaeuser and RF Micro Devices. HON Industries posts 27c diluted quarterly earnings amid 13% sales drop. Cargill Q3 earnings rise 63% to 161m. Cedar Rapids areas see regional business talks and a Heartland Rail/ Iowa Interstate dispute over sale price.
MENTIONED IN THIS ARTICLE
Wall Street
General Motors
Texas Instruments
Dow
New York Stock Exchange
U.S. Cellular
Pork prices slump in early spring markets amid plentiful supply
The Gazette reports pork prices fell from 27 to 27 per hundredweight last week, slashing producer margins by 20 to 25 dollars due to higher meat availability, mild winter gains, early Easter, and weaker exports to Japan. National Pork Board officials note overall meat production up 2.6 percent with strong packer efficiency and lower cold storage versus 1998.
MENTIONED IN THIS ARTICLE
the Gazette
Hugh Dorming
National Pork Board
Cargill Park
NPB
Steve Meyer
Japan
Russia
U.S
Hockman
Rockwell Collins reports 6 percent quarterly earnings dip
Rockwell Collins, based in Cedar Rapids, posts 31 cents per share for the quarter ending March 31, down from 33 cents a year earlier. Net income falls to $58 million on $608 million in sales, as government systems grow while commercial aviation electronics and in flight entertainment slow.
MENTIONED IN THIS ARTICLE
Cargill Inc
Cargill
Cedar Rapids
The
Gazette
Rockwell Collins
Clay Jones
Government Systems
Commercial Systems
Thomson Financial
First Call
Maytag reports 25 percent drop in first quarter earnings
Maytag Corp posted a 25 percent decline in first quarter earnings to 73 cents per share on $56.8 million, with first quarter sales up 21 percent to nearly $1.18 billion. Analysts expected 71 cents a share. The Amana acquisition boosted sales and margins, while overall results beat expectations despite lower profits.
MENTIONED IN THIS ARTICLE
Newton
Maytag Corp
Wall Street
Maytag
Ralph Hake
Thomson Financial
First Call
Hake
Alliant shifts plan for rebalancing Iowa utility rates
Alliant Energy has changed strategies on rebalancing rates across its Iowa territories. The company asked the Iowa Utilities Board to consider the change in a separate regulatory proceeding from its 9.6 percent electric rate hike request. Interstate Power & Light will file a cost allocation study by July 31 to guide class and zone pricing while keeping the main rate case moving.
MENTIONED IN THIS ARTICLE
Alliant Energy
Iowa
Office of
Consumer Advocate
Alliant
Iowa Utilities Board
Interstate Power & Light
Community Coalition For
Iowa Electric
Union Electric
Iowa Southern Utility
Iowa Southern
Eliot Protsch
Allianz
John Ruff
Power
Also Mentioned on This Page
HON Industries
Muscatine
Tom Castle
Mount Mercy College
Advertising Federation of Cedar Rapids
Elmcrest Country Club
36Th St. NE
Castle
AdFed
Iowa Interstate Railroad
Pennsylvania
Heartland Rail Corp
Iowa Interstate
Archer Daniels Midland Co
Cedar Rapids & Iowa City Railroad
Heartland
Railroad Development
Heartland Rail
Djia
SciTyme
Iowa City
AP Stockquote
Local
By Marlene Lucas
Dallas Hockman
Houston
Los Angeles
Phoenix
Dave Wood
Woodsy
Gearhead
Champaign
Wood
Ann McComb
California
McComb
Lansing
Mich
By Dave DeWitte
Amana
Amana Appliances
Europe
Jerry K. Ask
Kelly D. Steele Investment Representative
Princer Financial Services Corp
SIPC
Jerry K. Ask Investment Services
Princor
Management
Third Avenue
Me Vmf Capital, LLC
Don Flynn
Mike van Meter
Des Moines
114Th Street
Clive, IA
Vmfcapital.com
Tom Myers
Karen Green
Scott Elites
Chris Cook
Jon Augustine
Don Mears
Max Smith
ORTH
Aicmenanaux Insurance and Financial Strategies
4Th Ave
Allied Insurance
Nationwide Insurance
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