Markets Slip as Retail Hopes Fade Oil Rises
Stocks fell after disappointing retail sales and higher oil prices sparked profit taking from July rally. Dow down 87.49 to 10,610.10 and Nasdaq off 25.49 to 2,191.32 as volume neared 1.96 billion shares. Terex posted a 33 percent quarterly profit rise and lifted annual outlook, with $1.54 per share in Q2 earnings on $1.76 billion sales led by construction. WorldSpace IPO closed up 11 percent at 23.36, despite ongoing losses. Iowa Telecom posted 0.43 per share diluted earnings for quarter ended June 30 with 58 million in revenue, aided by DSL growth.
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WorldSpace
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Arch Dan Mid
Pearson PLC
Bandag Inc
Pentord Corp
Caseys Gen Store
PepsiCo
Columbus McKinnon Procter & Gamble
Comci Feds
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Ralcorp Holding
Fastenal Co
Regions Frei
Featherlite Inc
Rockwell Collins
Fiserv
Saks Inc
Gen Mills
Sealed Air
Gillette Co
Skyworks Solution
HMI Corp
Tanger Factory
Terex Co
Heartland Exp
WalMart
Cattleman Mark Leonard seeks Iowa agriculture secretary post
Holstein cattleman and banker Mark Leonard, 49, announces Republican bid for Iowa Secretary of Agriculture. He touts agriculture as the state’s economic base and aims to boost energy use, food quality, and origin labeling while leveraging his background with AgCom Financial Services and the Iowa Agricultural Development Authority.
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Schneider Electric Square D marks 50 years in Cedar Rapids
Cedar Rapids factory celebrates five decades of circuit breaker design and production. The QO breaker shaped residential safety from 1955 to 1977 as the plant expands research and testing. Executives and retirees recall the site’s industry impact while outlining planned upgrades and ongoing outsourcing trends.
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Barb Gusta
L M Radiator to Open Independence Plant in Iowa
L&M Radiator Inc plans a new Independence facility creating 30 jobs in year one and growing to 65 in three years. The Hibbing Minnesota based firm will start manufacturing in October and be fully operational in early 2006 with positions for assemblers tube machine operators maintenance and warehouse staff. Applications accepted 7 am to 7 pm at Hawkeye Center Independence.
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Tally cost of college before first day
New York report outlines budgeting for 2.05 million new college freshmen. It covers tuition health care text books dorm living costs meals and the value of shared items and plans a realistic pre campus budget.
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New York
Krt
Rockwell Collins Lands Army Helicopter Avionics Contract
The U S Army awarded Rockwell Collins a contract potentially worth 477 million dollars for avionics upgrades and maintenance across CH 47 MH 47 MH 6 and MH UH 60 helicopter types. Work will be performed at Collins Cedar Rapids facility and completed by September 30 2009.
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