Stocks Slip as Investors Take Profits Amid Earnings Doubts
U.S. markets declined with the Dow down 92.46 to 10674.96 and the Nasdaq off 87.16 to 3706.41 as investors reassessed earnings in a broad selloff. Mattel narrowed first quarter losses while Firestone contract talks continued. HON Industries posted record Q1 sales. Deere won FTC and Canadian approval to buy Timberjack for 600 million. Wells Fargo posted Q1 net income of 1.01 billion on solid merger gains.
MENTIONED IN THIS ARTICLE
Iowa
U.S. Cellular
Brenton Bank
Wal-Mart
RF Micro Devices
AEGON
Maytag
Deere
International Paper
Firestone Tire
Des Moines
United Steelworkers
Firestone
HON Industries Inc
Muscatine
Deere & Co
U.S. Federal Trade Commission
Canadian Competition Bureau
Timberjack Group
Metso Corp
Finland
Timberjack
Metro
Moline
Ill
Wells Fargo & Co
Norwest
Wells Fargo
First Call
Thomson Financial
Wells
Gasoline prices fall across Iowa in April survey
Iowa residents paid an average 1.35 per gallon for self serve regular on April 15, down 15 cents from March and the largest drop since February 1986. Cedar Rapids average 1.33, Iowa City 1.36, with statewide ranges 1.20 to 1.50 amid ongoing crude price declines and OPEC production plans. Ward Lenz of the DNR cautioned about price volatility and retailer pricing gaps across the state.
MENTIONED IN THIS ARTICLE
DNR
Cedar Rapids
Iowa City
U.S
OPEC
Mexico
Norway
Ward Lenz
Ward
Dairy industry unveils kid friendly jug and flavored milk
The dairy industry rolls out new easy pour jugs and single serving flavored milks to lure youths back to milk. Dean Foods leads with the Milk Chug a three liter design and six week shelf life aimed at healthier, portable consumption for teens and kids.
MENTIONED IN THIS ARTICLE
Washington
John Sicher
Beverage Digest
Dean Foods Co
Franklin Park
Ill
Eric Blanchard
Dean Foods
Penney's Keeps Westdale Store Open Despite Closures
Penney's plans to close more than 40 stores nationwide. Westdale Mall Cedar Rapids is not affected. Tim Lyons confirms Iowa stores including Westdale and Coral Ridge Mall remain open while the company targets 41 closures to restore profits. Dan McElwain notes merchandising changes only.
MENTIONED IN THIS ARTICLE
Dan McElwain
Westdale
Cedar Rapids
Penney’s
Meredith earnings rise 12 percent on ad growth
Meredith Corp reported a 12 percent rise in third quarter earnings to 47 cents per share on 8 percent revenue growth to 286.9 million. Magazine and publication revenues reached 224.1 million, an 11 percent gain led by Better Homes and Gardens and Successful Farming, while the broadcasting segment slipped to 62.9 million.
MENTIONED IN THIS ARTICLE
Penney
DES Moines
Meredith Corp
Meredith
Better Homes and Gardens
Successful Farming
William T. Kerr
Broadcasting Group
Trade deficit climbs to record $29.2 billion in February
The United States posted a record monthly trade gap of $29.2 billion in February as imports rose to a record $113.4 billion. A surge in petroleum import costs and demand for foreign computers and telecom equipment widened the deficit from January's $27.4 billion. Commerce Secretary William Daley cited higher oil prices, with crude at $25.01 per barrel, as a key factor.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Commerce
William Daley
Also Mentioned on This Page
Mattel Narrows
Mattel Inc
Wall Street
Mattel
Learning Co
Hiawatha
Union
Hon
BizFacts
George C. Ford
Alexandria Jansen
Gaithersburg
Jammi Welter
Welter
Ladies’ Home Journal Magazine
Kerr
Atlanta
Wgnx TV
Fox Network
Fox
New York Stock Exchange
Hiawatha Bank &€& Trust Company
Center Point
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