Market Ends Mixed After Earnings News Relies on Gains
Investors sentiment improves as most Dow and Nasdaq indices rise while volume edges higher. Weyerhaeuser International Paper and Mestek gain, RF Micro Devices slips. Coca Cola North America to test Diet Coke with Lemon in September before wider rollout.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
New York Stock Exchange
Iowa
Weyerhaeuser
International Paper
Mestek
Coca-Cola North America
Midwest
Berkshire Hathaway to acquire XTRA Corp for 590 million
Berkshire Hathaway Inc led by Warren Buffett agrees to acquire XTRA Corp in a cash deal estimated at 55 a share. XTRA will become a Berkshire subsidiary, keep its Westport Connecticut headquarters, and continue leasing over the road trailers marine containers and intermodal equipment.
MENTIONED IN THIS ARTICLE
Berkshire Hathaway Inc
Warren Buffet
Xtra Corp
XTRA
Berkshire Hathaway
Westport
Conn
Geico Direct
Coralville
Peg Perego Recalls 14087 Infant Car Seats Insecure Latch
Peg Perego USA and NHTSA recall 14 087 infant car seats made Feb 1 to June 1 for bases that may not latch securely risking injury in a crash. No injuries reported. Owners urged to inspect and repair per Peg Perego Fort Wayne Indiana guidance. Treasury sells 10 billion four week bills at 3.590 percent.
MENTIONED IN THIS ARTICLE
Indiana
National Highway Traffic Safety Administration
Peg Perego USA
Peg Perego
Fort Wayne
Ind
NHTSA
Treasury Department
Treasury
Fisher-Price recalls 569000 portable bassinets
Fisher-Price is recalling about 569000 portable bassinets due to folding frames that can injure fingers. Models 79338 79334 and 79336 on a white foot label, manufactured before April 2000, are included. Call 1 800 285 0324 for a free repair kit to stop frame folding.
MENTIONED IN THIS ARTICLE
Fisher-Price
The
Safety Commission
Heinz adds Funky Purple ketchup to color lineup
Heinz plans a new Funky Purple ketchup set for September shelves adding a dash of Blue No 1 and Red No 3 to the traditional red. The move follows last year's Blastin Green success, with over 10 million bottles of green ketchup sold in seven months.
MENTIONED IN THIS ARTICLE
Heinz
H.J. Heinz Co
Code Red Worm Slows Iowa Internet Across Institutions
Eastern Iowa businesses and colleges race to patch Windows NT and 2000 systems as Code Red spread threatens network traffic. UI officials report degraded Internet performance and urge rapid patching while small firms rely on service providers to install updates.
MENTIONED IN THIS ARTICLE
Dave DeWitte
USS
China
Jane Drews
University of Iowa Information Technology Services
Drews
Accel Systems Group
Cedar Rapids
Accel
Clint Niec
Niec
Bob Chaplin
Entree Information Systems
Hiawatha
Long distance carriers to disclose rate plans under new rules
Iowa Utilities Board warns consumers about detariffing rules requiring carriers to post rate plan details on their sites and at business offices. IUB spokesman urges customers to verify terms and contact carriers for specifics or switch info. If unavailable, contact BBB or Iowa Attorney General consumer division.
MENTIONED IN THIS ARTICLE
Rob Hillesland
Hillesland
Burger King recalls 2.6 million toddler toys
The recall covers about 2.6 million Hourglass Space Sprout and Look for Me Bumblebee toys sold in Kids Meals for children under three. 18 reports of breaking and 6 of beads choking. no injuries reported. Replace by calling 1 800 661 9173.
MENTIONED IN THIS ARTICLE
Washington
Burger King
Consumer Product Safety Commission
China
The
Safety Commission
Acetrike recalls 38800 bikes over frame cracks
A Taiwan firm recalls 38,800 Acetrike children's bicycles sold through Huffy due to frame breaks. Models include Cool Taz Sweet Tweety Mudslinger Secret Treasures Rugrats Best Friends Space Racer Fairy Magic MX 1200 High Gear and MX 1800. Call 1 888 366 3828 for free replacement.
MENTIONED IN THIS ARTICLE
Washington
Taiwan
Huffy Bicycle Co
U.S
Consumer Product Safety Commission
Consumer Confidence Dips in July After Gains
The Conference Board reports the Consumer Confidence Index fell to 116.5 in July from 118.9 in June as job prospects worsen and stock prices slide. Despite this, consumer spending rose 0.4 percent in June and personal income grew 0.3 percent, while expectations for more jobs declined.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Commerce Department
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Djia
Peo
KRT
Paul Tra
UI Information Technology Services Security
By Dave DeWitte
MCI
Lauren Kallens
Kallens
IUB
Better Business Bureau
Cool Taz
Jon Tae
Gary Thayer
A.G. Edwards & Sons Inc
St. Louis
Pera Ete Terd
Primus
Custom Homes
Insurance Service Corporation
A True North Company
Second St
Allied Insurance
Nationwide Insur
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