Wall Street extends rally after Fed keeps rates low
Wall Street momentum lasts a fifth day as the Fed holds rates at 45 year lows. The Dow finished up 92.71 at 9,310.06 and the Nasdaq rose 25.50 to 1,687.01 as advancers led decliners 5 to 2 on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Fed
New York Stock Exchange
FBI asks public's help in MCI call-routing probe
The FBI urged anyone with information on improper MCI call routing to contact via email as part of a federal probe into the carrier formerly WorldCom. Allegations claim calls were shifted to bypass high access fees, affecting rival lines and even Canada.
MENTIONED IN THIS ARTICLE
FBI
Public
MCI
WorldCom Inc
Canada
Agency
Fed leaves key rate at 45-year low amid revival signals
The Federal Reserve held the federal funds rate at 1 percent, its lowest since July 1958, signaling it will keep credit easy for a substantial period. Wall Street rose as the Fed’s stance reassured markets while economists note long-term yields face mixed signals and potential deflation risks.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
Treasury
Central Bank
Federal Open Market Committee
Daly Creek Winery to Open in Anamosa Downtown
New York based style? No. Daly Creek Winery planned by Michael and Jim Langer aims to revive Anamosa downtown in the former Anamosa Creamery Co. building at 106 N Ford St. by producing wine within a year and sourcing grapes from a nearby farm within four years. The project ties to a $3.7 million Main Street renovation and local redevelopment, with a tasting room, gift shop, and regional marketing. The Langers' plans include potential branding tied to local history such as a Penitentiary Red.
MENTIONED IN THIS ARTICLE
Laura Segall
the Gazette
Jim
Michael Langer
Anamosa
Jim Langer
Cedar Rapids
Langers
Anamosa Creamery Co
Dave DeWitte
Gazette Anamosa
Michael
Daly Creek
N. Ford St
Anamosa State Reformatory
Fort Myers
Sarasota
Fla
Langer Manufacturing
Anamosa Chamber of Commerce
Adam Ardolino
U.S. corn crops seen bumper east of Mississippi
Agriculture Department forecasts a 10.1 billion bushel U S corn harvest this fall with all states east of the Mississippi enjoying favorable weather. Iowa and Minnesota may dip slightly while Illinois Indiana and other Corn Belt states show gains. Soybeans rise while wheat slips. Prices cited.
MENTIONED IN THIS ARTICLE
Washington
Mississippi River
Agriculture Department
Iowa
Minnesota
Department
Illinois
Indiana
Deere reports earnings up 68 percent in Q3
Deere & Co. a Moline based maker posted third quarter profits of 247.5 million dollars or 1.02 per share for the quarter ending July 31 up from 147.6 million or 61 cents a year earlier. Revenue rose 11 percent to 4.4 billion dollars beating analysts estimates. Chairman Robert Lane cited sales of construction and forestry equipment along with commercial and consumer products as key drivers.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
Wall Street
Deere
Robert Lane
McLeodUSA Launches ADSL High Speed Internet Service
McLeodUSA Inc announces Preferred Advantage ADSL offering up to 45x dial-up speeds with an always on connection for small businesses and residential customers. Rates start at 37.95 monthly, with a free router for business signups before Sept 30. service spreads across 25-state footprint and reaches residential users in September.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids McLeodusa Inc
Cedar Rapids
McLeodusa
McLeod.net
McLeod- USA
Also Mentioned on This Page
Nasdaq
Waterloo
Gillette
Quattro
Schick
Schick-Wilkinson Sword
St. Louis
Boston
Peter Hoffman
SciTyme
Iowa City
AP Stockquote
Local
Alan Greenspan
Richard Yamarone
Argus Research
New York
Main Street
Granite Marketing
Soa
Grant Wood
Val Daily
David. Dewitte
Gazettecommunications.com
Mississippi
U.S
Argentina
National Agricultural Statistics Service
Thomson First Call
George. Ford