Market edges up as bargain hunters lift indices
The Dow rises 0.8 percent to 10 320.07 and Nasdaq gains 14.34 to 1 881.35 while S&P 500 adds 9.44 to 1 171.41. RF Micro Devices climbs 11 percent on Ericsson circuit contract. Conexant gains on upgrade. Fiserv up 2.1 percent. Systems Unlimited buys 3.2 acres for a 33 000 square foot center costing about 3.75 million with a three year construction plan and November capital campaign.
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Standard & Poor
New York Stock Exchange
Iowa
Ericsson
Conexant
Transport
LucentTech
Finance
FordMet
NokiaCorp
Utilities
Pfizer
Com
Citigroups
American Stock Exchange
Peroid
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Parc
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Amex
Chg
Trn
Ati
Biotech
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Standard & Poor's Finance
Indust
Variane
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Santa Monica
Calif
Wilshire
Associates
Associated Press Ae
T bill rates mixed at auction on short-term bills
The Treasury sold 15 billion dollars of three month bills at a 3.33 percent discount, and 14 billion dollars of six month bills at 3.29 percent. The three month rate fell from 3.35 percent and matched the lowest since February 14, 1994. The six month rate rose from 3.26 percent to the highest since August 6.
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Treasury
Treasury Department
VW talks stall as Puebla plant workers strike
In Puebla Mexico the Volkswagen factory where 12 000 of 16 000 workers walked out halted salary talks Sunday. Union leaders brewery? No. The Independent Union of Volkswagen Workers said the company agreed to resume Monday at the Labor Department. The plant is the world’s sole site producing Beetles.
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Mexico
Volkswagen
National Labor Union
Labor Department
Associated Press
Puebla
Ames Stores Files for Chapter 11 Bankruptcy
Ames Department Stores Inc based in Rocky Hill Conn filed for Chapter 11 protection less than a week after announcing plans to close 10 percent of its stores and lay off 2000 workers. The retailer posted a first quarter loss of 27.7 million dollars and 94 cents per share, the eighth straight quarterly loss.
MENTIONED IN THIS ARTICLE
Ames Department Stores Inc
Rocky Hill
Fed expected to cut rates for seventh time this year
Private economists predict another quarter-point rate cut by the Federal Reserve at this week’s meeting. Greenspan and officials have signaled ongoing economic weakness, with analysts split on whether a larger half-point move might occur to avert a global slowdown.
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Washington
Federal Reserve
Fed
Alan Greenspan
David Wyss
Standard & Poor’s Co
New York
Greenspan
U.S
National Association of Manufacturers
Jerry Jasinowski
Maytag to add 200 workers to meet demand for laundry line
Newton Maytag Corp will hire 200 production employees starting Sept 10 to handle strong demand for its Neptune and Atlantis washers and dryers. An $11 million expansion at the Newton laundry products plant is expected to finish next month, while Amana Refrigeration adds about 100 more hires.
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Newton
Maytag Corp
William L. Beer
Maytag
Maytag Neptune
Atlantis
Beer
Standard & Poors
Efraim Levy
Neptune
Levy
Amana _ Refrigeration Products
Amana
Tama Beef Packing plant stalls again amid owner absence
Tama Beef Packing Inc and a sister Wisconsin plant remain idle for a second week with no explanation. About 200 workers are affected at the Tama operation as local officials await word from owner Rick Stewart while lenders reportedly froze assets.
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The
LaCrosse Tribune
Oklahoma
Wisconsin
Stewart
David Minyard
Hugo
Oklo
Tama
Richard Gibson
Tama Beef Packing
Rain Lifts Iowa Crops But Variability Remains Wide
Rain improved yields for many Iowa crops though conditions vary by region. The Iowa Crops & Weather report says corn and soybeans show wide differences, especially in the south, with more moisture needed to replenish soil and support pasture growth. Farmers report some late harvests thriving, while others suffer shorter hay cuts and uneven corn tasseling timelines.
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Ural Affairs
Kalona
Iowa
Iowa Crops & Weather Report
Jarrell Miller
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Systems Unlimited
I.C
Djia
Ames Stores
Standard and Poor’s
Wall Street
David Jones
Aubrey G. Lanston & Co
By Dave DeWitte
Trevor Creed
DaimlerChrysler
Detroit
By Marlene Lucas
Miller
Marlene Lucas
Marlenel
Lowa
Lowa Agricultural Statistics
Nyse Index
Heritage Bank
Marion
Franklin Street
Delhi
Boat Loans
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