Dow, Nasdaq gain as Oracle and Adobe upgrades lift market
Brokerage upgrades for Oracle and Adobe Systems sparked a tech led bounce on Monday. The Dow rose 26.26 to 9217.35 and the Nasdaq climbed 17.48 to 1661.51 as advancers outpaced decliners on the NYSE. Michael Palazzi of SG Cowen Securities called it a snapback from last week’s losses.
MENTIONED IN THIS ARTICLE
Oracle
Adobe Systems
Wall Street
Tech
Adobe
Michael Palazzi
SG Cowen Securities
New York Stock Exchange
Kmart selects McLeodUSA for 176 store telecom services
McLeodUSA Inc. wins a contract to supply local telecom services to 176 Kmart locations across 14 states including two distribution centers. The deal aims to cut annual telecom costs with customized billing and on site project management. McLeodUSA stock rose while Kmart shares declined. MetLife lowers Q2 earnings by 31 million due to improperly deferred expenses at New England Financial and reports the division president has left the company.
MENTIONED IN THIS ARTICLE
McLeodusa Inc
Kmart
McLeodusa
MetLife Inc
New England Financial
MetLife
Thom Faria
Mixed results in Treasury bill auction
The Treasury sold 16 billion in three month bills at a discount rate of 0.940 percent and 16 billion in six month bills at 1.030 percent. Discount rates understate returns with 0.960 percent yield on the three month bills and 1.053 percent on the six month bills. The one year constant maturity yield rose to 1.26 percent last week from 1.22 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Buffalo CODY Expands Hiring Amid Revenue Growth
Buffalo CODY in Cedar Rapids plans 75 new positions as revenue climbs over 20 percent this year. The firm handles fundraising and enrollment solutions for colleges and universities and will add 60 part time roles in 45 days and 15 full time roles in Cedar Rapids.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Buffalocody
Long Island University
University of Cincinnati
Pepperdine University
Florida International University
University of North Carolina- Charlotte
St. Bonaventure University
University of la Verne
al Ruffalo
Buffalo Cody
Anamosa
Ruffalo
Ana
Iowa State Fair livestock rules not dampening exhibitors
Despite new nose printing and DNA sampling requirements and higher fees, 4 H and FFA records show 2,622 youths will exhibit 7,920 animals at the Iowa State Fair, down from last year but with a 4 percent rise in participants. Organizers cite positive signs as more youths enter though hogs and horses are down. one winning steer, Pickles, was disqualified after a nose print mismatch and remains in court.
MENTIONED IN THIS ARTICLE
Des Moines
Denise Schwab
FFA
Schwab
Pickles
Jenna Sievers
North Liberty
AP Kately Goff
Knoxville
Crops Stress From Drought Hits Iowa Soybeans
Farmers warn that drought during a critical soybeans growth period will harm pod development and reduce bean counts. Iowa City Coralville area totals show rainfall 5.19 inches below normal since April 1 while Cedar Rapids is slightly above normal. Local grower Kelcher notes greener fields near Mount Vernon but drier conditions elsewhere.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Lawa
Jerry Keleher
Consumers Cooperative
Coralville
Iowa City
Lowden
Cedar County
Cedar Rapids
Iowa Agricultural Service
Kelcher
Mount Vernon
Iowa Crop Conditions Show Stress From Sandy Soils
In Iowa, yellowing crops in sandy soil appear with pockets of stress in Johnson County. Statewide corn is 76 percent good to excellent, soybeans 74 percent. Topsoil moisture is 22 percent very short and 41 percent short with 38 percent adequate.
MENTIONED IN THIS ARTICLE
Keleher
Iowa
Johnson County
Microsoft Ordered to Pay Over Patent Infringement Damages
A federal jury in Chicago awarded more than 520 million dollars to Eolas Technologies and the University of California for alleged Internet Explorer patent infringement. Microsoft may appeal the verdict which could have reached 1.2 billion dollars.
MENTIONED IN THIS ARTICLE
Chicago
University of California
Microsoft Corp
Microsoft
Andy Culbert
University
Eolas Technologies Inc
Eolas
Martin R. Lueck
Michael Doyle
University of California At San Francisco
Trumka to address Iowa labor leaders at convention
AFL-CIO Secretary-Treasurer Richard Trumka will speak to Iowa labor leaders at the 47th Iowa Federation of Labor convention in Waterloo. He will discuss the Bush administration on working family issues and hold a 2 p.m. Democratic presidential candidate forum following his 11:15 a.m. keynote. The Iowa Federation is the state AFL-CIO affiliate.
MENTIONED IN THIS ARTICLE
Afl-Cio
Richard Trumka
Iowa
Iowa Federation of Labor
Waterloo
Trumka
United Mine Workers of America
UMW
Bituminous Coal Operators Association
Pittston Coal Co
Five Sullivan Brothers Convention Center
Iowa Federation
Also Mentioned on This Page
Nasdaq
Kmart Telecom
Call
SciTyme
Mosa
Anaheim
Alif
Canada
United Kingdom
Cambridge University
England
London
George. Ford
Ons
Mariene
Pha
Jay
Iowa _ Agricultural Statistics
Columbus McKinnon
PepsiCo
Come
Fedi
Procter Gamble
Saks Inc
Genencorinti Inc
Sealed Air
Gen Millis
Skyworks Solution
Gillette Co
Tanger Factory
Old Fire Cas
US Bancorp Keane Inc
Kohis Corp
US Cellular
Longon Filegal
Anove Inc
Verizon Comm
Marsh & McLennan
WalMart Sirs
Maytag
Wells Fargo & Co
Weverhauser
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