Stocks rise on upbeat earnings easing recession fears
A string of better than expected earnings reports pushed stocks higher for a second day. The Dow gained 31.38 to 8502.99 while the Nasdaq rose 9.06 to 1471.30 as volume climbed to 1.97 billion shares and advancers slightly outpaced decliners. Steven Goldman of Weeden & Co. called the market on solid footing amid cautious optimism.
MENTIONED IN THIS ARTICLE
Wall Street
Steven Goldman
Weeden & Co
Greenwich
Conn
New York Stock Exchange
Meredith posts solid profit growth
Meredith Corp the publisher of Better Homes and Gardens and Ladies Home Journal reports a 43 percent earnings rise in its fiscal third quarter ended March Revenue reached 278.2 million with earnings of 25.5 million or 50 cents a share, beating analysts by a penny.
MENTIONED IN THIS ARTICLE
Meredith Corp
Better Homes and Gardens
Ladies’ Home Journal
Des Moines Media and Marketing Company
Thomson First Call
Confidence Soars as Iraqi End to Fighting Lifts Mood
The Conference Board reports the Consumer Confidence Index jumped to 81.0 in April from 61.4 in March, beating analysts' 70 forecast. Separately, the Labor Department notes wages and benefits rose 1.3 percent in Q1 2003, the largest gain in about 13 years.
MENTIONED IN THIS ARTICLE
Iraq
Conference Board
U.S
Labor Department
United Flight Attendants Approve Wage Reductions
United Airlines ratified a labor contract in bankruptcy aimed at cutting costs by a third. Seventy five percent of eligible attendants voted yes amid 63 percent turnout, with AFAT president Greg Davidowitch calling it a necessary step toward stability while warning of harsh effects on workers and families.
MENTIONED IN THIS ARTICLE
United Airlines
United
Association of
Flight Attendants
Greg Davidowitch
Alpha co founder fights over archived toys and bonds
The dispute centers on Jody Keener and Alpha International over archived Gearbox and Empire toys. Keener seeks return of items allegedly given as salary and damages while Alpha seeks to recover products and ban him from access to company materials.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Alpha International
Jody Keener
Toy Company
Linn
Keener
Alpha
Gearbox
Empire
Connie Keener
Wilford Stone
Company
Government to unveil redesigned twenty dollar bill next May
The Bureau of Engraving and Printing says the new colorized twenty dollar note featuring Andrew Jackson will debut publicly on May 13 after a postponement tied to tensions with Iraq. The redesigned bill uses new anti counterfeiting features and will circulate later this fall with more denominations planned.
MENTIONED IN THIS ARTICLE
Washington
Andrew Jackson
Bureau of Engraving and Printing
Iraq
Ulysses S. Grant
Benjamin Franklin
Dial to pay $10 million to settle harassment suit
Dial Corp agreed to pay 10 million dollars to settle a federal lawsuit on behalf of about 100 women at its Aurora Illinois soap plant who alleged harassment including groping and exposure to pornography. The company denied wrongdoing and said the decision was a business one.
MENTIONED IN THIS ARTICLE
Chicago
Dial Corp
Aurora
Christopher Littlefield
Dial
Dial agrees to EEOC settlement after harassment claims
The government alleged many employees faced sexual harassment and supervisors did nothing. The company claimed the allegations were overblown and noted past warnings and terminations. Dial will undergo 2 years of EEOC monitoring at its 350 employee plant, with improvements expected.
MENTIONED IN THIS ARTICLE
EEOC
John Hendrickson
Chicago
Dial
Iowa farmers plant 28 percent of corn as weather helps progress
Iowa Crops and Weather report says 28 percent of corn acres planted by Sunday, up from 3 percent a week earlier. North Central district leads with 48 percent. 81 percent of fertilizer applications complete statewide. Some farmers near Van Horne near finished with corn and consider soybeans at week’s end.
MENTIONED IN THIS ARTICLE
Gazette
van Horne
Iowa
Iowa Crops & Weather Report
Iowa Agricultural Statistics
North Central District
Eric Zumbach
New Century Farm Service
Grassley bill targets tax deductibility of government settlements
U S Senator Grassley with Senator Baucus introduce the Government Settlement Transparency Act of 2003 to limit tax deductions for penalties and fines in government settlements while preserving deductibility for real restitution. The measure aims to clarify tax treatment of penalties in the SEC Wall Street settlement and other government actions.
MENTIONED IN THIS ARTICLE
Ine Gazette
Washington
Wall Street
U.S
Chuck Grassley
SEC Wall Street
Baucus
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DOW
Nasdaq
Meredith
United Flight
Echyone
Cedar Rapids
Iowa City
AP Stockquote
AMEX
Alpha Co
Cedar Rapids Company
William L. Thomas
Thomas M. Horan
David.dewitte
Gaz
Dale Lee Distributing Expanding
Duane Croek
the Gazette
Septagon Construction
Dale Lee Distributing Co
Sixth St
Jackson
White House
United States
U.S. Equal Employment Opportunity Commission
Eeoc.gov
Dialcorp.com
By Marlene Lucas
Mariene Jucas
George C. Ford
Grassley
Teorge.ford
Gazettecommunications.com
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