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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Aug 13, 2003

Page

16

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.

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.

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.

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.

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.

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.

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.

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
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