Market rally rising as quarterly data exceed estimates
Stocks climbed with the Dow up 117.70 to 10 810.05 and the Nasdaq at 2075.74 as traders priced stronger first quarter results. Kept gains came amid broader advances with Eastern Iowa stocks led by Kohl’s Wells Fargo Wal Mart Procter Gamble and U S Cellular.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Kohl’s
Wells Fargo
Wal-Mart
Procter & Gamble
U.S. Cellular
Quaker Oats
WorldCom
pleeTach
Nowheore
WikimsCom GeniElec
American Stock Exchange
DJIA
Devon Engy
Cisco
Sun Micro
Clig
Biotech
Computer
Standard & Poor's Financ
Indust Insurance
Transpt Ae
Telecom
Utilities
Transport
Santa Monica
Calif
Associated Press
Thursdey
Fort Madison Welcomes Foam Fabricators Plant
Foam Fabricators Inc of Scottsdale plans a new Fort Madison plant in Formad Industrial Park to employ at least 40 people. The Arizona firm makes foam packaging for computers and appliances, confirmed by Elizabeth Cone of the local development group.
MENTIONED IN THIS ARTICLE
Arizona
Fort Madison
Foam Fabricators Inc
Scottsdale, Ariz
Formad
Elizabeth Cone
Dillard's backs off Cedar Rapids Ward's site plans
Dillard's announced it bought eight former Montgomery Ward locations for about 21 million dollars, but the Cedar Rapids Ward's space at Westdale Mall is not planned for expansion. Westdale Mall officials and local retailers express confidence in finding a new anchor while noting current strong tenants.
MENTIONED IN THIS ARTICLE
Dillard’s
Montgomery Ward
Ward’s
Iowa
Northpark Mall
Davenport
Joan Bull
Little Rock
Ark
Ward
Westdale
Westdale Mall
Mike McCue
McCue
Bill Ortgiesen
Leslie’s Shoes
Cedar Rapids
West
Dale
Cedar Rapids Market
Waterloo
Coral Ridge Mall
Coralville
Dillard
Famous- Barr
Schwartz
Famous-Barr
Helen Weiss
Des Moines
West Des Moines
Kimco Realty
Lenoch & Cilek shifts to commercial supply at Coralville site
Lenoch & Cilek relocates from downtown Iowa City to Coralville joining True Value’s commercial supply network. Owner Jerry Meis oversees two Coralville locations and the Iowa City hardware store as Eric Christner leads off site sales and showroom visits.
MENTIONED IN THIS ARTICLE
Christner
Lenoch & Cilek True Value Hardware
Second St
Coralville
Mall Dr
Iowa City
Jerry Meis
IBP Reports First Quarter Earnings Beat Estimates
IBP Inc earned $19.25 million or 18 cents a share in Q1, with 19 cents excluding one-time items, beating Thomson Financial/First Call estimates of 17 cents. Revenue rose to $4.13 billion from $3.96 billion. BP chairman Robert L. Peterson cited a difficult winter reducing cattle numbers and weight.
MENTIONED IN THIS ARTICLE
Dakota Dunes
8.D
IBP Inc
Thomson Financial
First Call
IBP
Robert L. Peterson
Economy Revives as First-Quarter GDP Surges to Two Percent
Washington reports the GDP grew 2 percent in the January-March quarter, twice the 1 percent pace of late 2000, easing recession fears. The Bush administration calls it good news while private economists warn the recovery remains fragile and not guaranteed.
MENTIONED IN THIS ARTICLE
Washington
Bush
Richard Yamarone
Argus Research Corp
United States
Commerce Department
Also Mentioned on This Page
Quaker Oats Co
Joe Ironside
Machinists
C.R
Northern Reflections
Venator Group Inc
Lindale Mall
U.S
Venator
Canada
Lindale
Shari Giudicessi
Heinz
H.J. Heinz Co
Beech-Nut
Federal Trade Commission
FTC
BizFacts
United Kini
By Dave DeWitte
Tim Schwartz
Brewer
John W. Stroh
Crazy Horse
Mission
S.D. Stroh
SBC Holdings Inc
SBC
Lenoch & Cilek
By Marlene Lucas
Business Stories Daily
TU aTain
Ervi
Gary Speicher
Thomas Haley
Daisy
First Federal
First Federal Community Credit Union
CPM Tata
1St Ave
Center Point Rd
Hiawatha
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