Wall Street ends week on quiet note as McDonalds sales lift sentiment
Investors take cautious steps with a Fed meeting looming amid mixed guidance. The Dow rose 64.64 to 9191.09 while the Nasdaq fell 8.15 to 1644.03 as techs hushed on Nvidia warning and IHOP posted an 18 percent quarterly profit rise to 11.0 million on 103 million revenue hedged by a one time 0.81 million layoff charge. Dex Media West announces a 1.31 billion bond offering to fund its QwestDex unit sale, tied to a 4.3 billion sale expected by Sept. 30 amid regulatory hurdles.
MENTIONED IN THIS ARTICLE
Wall Street
McDonald's
Nvidia
Federal Reserve
New York Stock Exchange
Dow
Dex Media West
Qwest Communications
Qwest
QwestDex
Welsh, Carson, Anderson & Stowe
Carlyle Group
Ihop Corp
Glendale
Calif
Magistrate urges keeping McLeodUSA shareholder suit alive
U.S. Magistrate Thomas Shields recommends Judge Linda Reade not dismiss a shareholder suit against current and former McLeodUSA officers over alleged misrepresentation of the company’s deteriorating finances before bankruptcy. The decision supports plaintiffs seeking class action status with talks of discovery and trial, while officers face August 28 objections.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
U.S
Linda Reade
McLeod- USA
McLeodusa
Shields
Reade
Peter Riley
Tom Riley
Riley
Nike lowers U S shoe sales outlook amid Foot Locker dispute
Nike Inc says U S shoe sales will stay below earlier levels for the rest of the year as it cannot fully offset the revenue drop from its ongoing dispute with Foot Locker Inc. Foot Locker, Nike’s biggest U S customer, cut Nike orders last year over price and selection limits. Gazette, news service reports.
MENTIONED IN THIS ARTICLE
Nike Inc
U.S
Foot Locker Inc
Securities and Exchange Commission
Foot Locker
Nike
Gazette
Avanti settles with GM over Hummer style dispute
General Motors and Avanti Motor Corp settle a design dispute over the Studebaker XUV styled too like the Hummer H2. Avanti agrees to a streamlined look with larger windscreen and bigger side windows, price about 75000. The H2 sells for about 50000 with 2602 units sold in July.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Avanti Motor Corp
Studebaker
Chuck Ellerbrock
Avanti
Villa Rica
Chicago
U S Eases Canada Meat Imports After Mad Cow Case
The Bush administration said by month end it will lift restrictions on certain Canadian meat and game imports. About 40 percent of Canada’s $1.1 billion in beef exports and $1.1 billion in live cattle were halted after a single BSE case. Live cattle ban remains. Applications will open for low risk items including hunter harvested game and some boneless meats.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Canada
Agriculture
Ann Veneman
U.S
United States
Agriculture Department
Veneman
Ford recalls Crown Victoria police cars over wheel cracks
Ford Motor Co and the NHTSA announce recalls affecting 35,700 Crown Victoria police cars and taxis for wheel rim cracks risking rapid air loss. Additional recalls cover 1998–2001 Explorer and Mountaineer models for seat back defects and some for speed control cables. No injuries reported.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
Crown Victoria
Automaker
Ford
National Highway Traffic Safety Administration
Lenoch & Cilek Expands with New Iowa City Store
Jerry Meis, owner of two Lenoch & Cilek Ace Hardware stores and Ace Commercial Supply, will open a third store at 600 N. Dodge St in Iowa City. The 15 000 square foot operation will occupy most of the Eagle Country Supermarket building after Eagle Food Centers of Milan Ill plans to close the site. The store is slated for November with about five full time and 15 part time jobs, part of a total staff of about 50 across Iowa City Coralville.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Iowa City
Jerry Meis
Meis
Lenoch & Cilek Ace Hardware
Ace
Coralville
Dodge St
Eagle Country
Eagle Food Centers
Milan
Ill
Lenoch & Cilek
Buzz Orr
the Gazette
Eagle
Lowe’s
Coral Ridge
Lowe's
North
Dodge Street
Ace Commercial Supply
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Nasdaq
McDonald’s
Future Qwest Directory
IHOP
By Dave DeWitte
Thomas Shields
Clark McLeod
Stephen Gray
J. Lyle Patrick
Chris A. Davis
Intelispan Inc
Dewitta
AP Stockquote
Avantimotors
New York International Auto
Crown
Kristen Kinley
Iowa
McLeod USA
APAC
McLeod USA A
Aegon NV
Alcoa Inc
Mestek
Alliant Energy
Moore Wallace Inc
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Caseys Gen
Penford Corp
Columbus McKinnon
PepsiCo
Procter Gamble
Comci Fed
Qwest Commun
OV Deere Co
RF Micro Devices
Dillards Inc
Fastenal Co
Ralcorp Holding
Featherlite Inc
Rockwell Collins
Fiserv
Saks Inc
Genencorinti Inc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Toyota Met
Heinz
Union Planters
Hon Inds
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longyn Fib
Unova Inc
Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weyerhauser
FDIC
Hillsbank.com
Hills Bank
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