Markets Edge Higher on Fed Pause Hopes and Key Stocks Move
Stocks advanced as investors awaited a Federal Reserve decision. Dow rose to 11,079.81 and Nasdaq to 3,953.15 amid uneven volume. gains among Eastern Iowa issues included McLeodUSA and Rockwell, while Wal-Mart and Conexant fell. Separate notes covered a $55,000 USDA grant to boost local food marketing and Whitman Corp’s $331 million bid for PepsiAmericas. Treasury yields climbed on three and six month bills with discount rates rising. Fed data showed one year yields at 6.21 percent last week.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
New York Stock Exchange
Iowa
McLeodusa
Rockwell
U.S. Cellular
Heinz
Wal-Mart
Conexant
Weyerhaeuser
International Paper
Sealed Air
Treasury
Treasury Department
Federal Reserve
WalMart
At&t Corp
Ameronines
R&b Falcon
VerizonComm
American Stock Exchange
Amex
DOW Jones
Cho
Ind
New Laws
Indus
Banks Biotech
Insurance
Telecom
Standard & Poor's Transport
Wilshire Associates
Associated Press
Fed expected to hold line on rates this week
The Fed is widely expected to keep interest rates unchanged at its private meeting and issue a statement signaling ongoing inflation concerns. Economists differ on timing, with some predicting a long hold through the fall and ahead of the November election.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
Central Bank
Federal Open Market Committee
Christopher Wolfe
J.P. Morgan
New
York
Bruce Steinberg
Merrill Lynch
New York
Soy farmers wage war on bean beetles
Crop dusters spray soybean fields to curb bean leaf beetles feeding on pods. Agronomist Matt Wilshusen of Clarence Cooperative notes 4 000 to 5 000 acres sprayed and 5 000 more planned while warning of bean mottle virus affecting oil seed bea ns and seed or food grade beans. Iowa crop conditions show 3 percent very poor to 20 percent excellent with moisture concerns and drought in parts of northwest and west meep counties.
MENTIONED IN THIS ARTICLE
Wilshusen
Iowa
Ford idles plants to free up tires for recall
Ford Motor Co will halt production at three truck plants from Aug 28 to Sept 8 to free 70 000 tires for Firestone recall needs. The stops affect St Paul Edison and Hazelwood plants employing about 6 000 workers who will be paid. Local dealers welcomed the move amid potential explorer shortages.
MENTIONED IN THIS ARTICLE
St. Paul
Ford
Pat Sheely
Zimmerman Ford
Cedar Rapids
Jim Tyree
Carousel Ford
Iowa City
Tyree
Carousel
Firestone
More low income families go online
The digital divide narrows as Media Metrix reports 50 percent more low income households logging onto the Internet in a year. In June 7.5 million surfers earned under 25 thousand dollars, up from 5 million, while the lowest group remains under 10 percent. Affluent users spend less time online on average.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Media Metrix Inc
New York
Metrix
Anne Rickert
Alliant Energy Resources Commits $10 Million to Venture Fund
Alliant Energy Resources Inc a subsidiary of Alliant Energy Corp invested $10 million in Nth Power Technologies Fund I a venture capital fund targeting rapid growth firms poised to benefit from energy industry restructuring. The move follows an earlier $10 million stake in Capstone Turbine Corp valued at $90 million as of August 1.
MENTIONED IN THIS ARTICLE
Alliant Energy Resources Inc
Alliant Energy Corp
Nth Power Technologies Fund I
Alliant Energy Resources
Alliant Energy
Nth Power
Capstone Turbine Corp
Capstone
Also Mentioned on This Page
U.S. Department of Agriculture
Iowa Department of Agriculture and Land Stewardship
Practical Farmers of Iowa
Sioux Rivers Resource Conservation and Development
Johnson County Soil & Water Conservation District
Leopold Center For Sustainable Agriculture
The
Humane Society
Pepsi Bottlers Merging
Whitman Corp
United States
PepsiAmericas
Whitman
Pepsi Americas
Pepsi
Pepsi Bottling Group Inc
Djia
BizFacts
U.S
Tod Quenecaonelan
Pat Carr
Paul Trap
Kat
Lowa
Northwest
Westmeep
Alliant Unit
United States District Court District OF
Reat&t
C.A. NO
C.A
Bell Atlantic
Bell South
Cincinnati Bell
Nevada
Bell Pacific Bell
Southwestern Bell Sprint
SNET
US West
At&t
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