Markets Rise As Fed Signals Slower Inflation Pressures
Blue chip stocks gained after the Federal Reserve kept rates, with technology mixed as profits fears ease. Dow up 59.34 to 11,139.15, Nasdaq +5.06 to 3,958.21, NYSE volume 1.01B, 23 of Eastern Iowa stocks rose while four were unchanged. Genencor reported Q2 net income of 2.9M on revenue of 79.7M. Nike forms women's division led by Clare Hamill amid growing U S and international demand for women's sports products. Penguin Putnam partners with Lightning Source to digitalize catalogs. Marshalltown Newspaper to buy Moser Enterprises including Reinbeck Courier and Gladbrook Northern Sun.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
NYSE
Iowa
Maytag
Gillette
Genencor
Genencor International Inc
Palo Alto
Calif
Cedar Rapids
Nike
Clare Hamill
U.S
Phil Knight
Knight
WNBA
Marion Jones
Marshalltown Newspaper Inc
Moser Enterprises
Reinbeck Courier
Gladbrook Northern Sun
RGB Printing Co
Leroy
Gregg Moser
Mike Schlesinger
Marshalltown
Marshalltown Times-Republican
Tama News-Herald
Toledo Chronicle
Tracr Star-Clipper
Dysart
Schlesinger
Ogden Newspapers
Fort Dodge Messenger
Webster City
Daily Freeman Journal
Estherville
Fed keeps rates steady as economy shows moderation
The Federal Reserve held rates for a seventh time amid stronger productivity and a moderating economy. Officials signaled a cautious stance with a more upbeat outlook, sparking debate on whether a final rate hike might occur after the November elections.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Fed
Mitsubishi admits deliberate defect cover ups dating back to 1977
Mitsubishi Motors acknowledged in government filings that workers and managers kept defect complaints in a secret file to avoid recalls. The disclosures come with eight defects affecting 88 000 vehicles and broader recalls, as rivals regain trust amid a 34 percent stake sale to DaimlerChrysler.
MENTIONED IN THIS ARTICLE
Tokyo
Mitsubishi Motors Corp
Mitsubishi
DaimlerChrysler
United States
Katsuhiko Kawasoe
Kawasoe
Tatsuro Nakagami
Oil and gas prices drop as hurricane threat ends
Prices for crude oil and natural gas declined after Hurricane Debby diverted away from major energy facilities. The downturn followed API data showing lower oil, gas, and heating oil stocks, while September crude and natural gas futures fell on the New York Merc.
MENTIONED IN THIS ARTICLE
Associated Press
Debby
American Petroleum Institute
U.S
New York Mercantile Exchange
St. Croix
Caribbean
West Texas
New York
Gillette sells stationery division to Newell Rubbermaid
Gillette Co. agrees to sell most of its stationery products including Paper Mate Parker and Waterman brands to Newell Rubbermaid of Freeport Illinois. The deal lets Gillette focus on grooming products batteries and oral care while noting the sale covers a substantial portion of its stationery business.
MENTIONED IN THIS ARTICLE
Gillette
Rubbermaid
Boston
Gillette Co
Freeport
Ill
Newell Rubbermaid
Nicola S. Pugliese
Parker and Waterman
Oral B Laboratories
Iowa City
Cedar Rapids doll crafts shop inmate closes after 15 years
The Quilting Bee in Cedar Rapids, a 15 year doll craft retailer at 224 Second St. SE, has closed citing Internet shopping and a sagging doll craft market. Owner Beverly Thornton said customers now buy online and postages negate any savings. She pivots to cooking with Specialties of the House and lists contact details.
MENTIONED IN THIS ARTICLE
Thornton
Second St. SE
Stephen King fans fund online serial amid piracy fears
Portland readers sending extra cash to cover freeloaders for Stephen King’s online novel The Plant. Amazon processes payments and says many readers pay the $1 ask, with 76 percent contributing. future installments may be longer and costlier, while a possible bonus for loyal readers is discussed.
MENTIONED IN THIS ARTICLE
Portland, Maine
Stephen King
Amazon.com
King
Amazon
Alan Caplan
Caplan
Stephen
DeFilippo
Also Mentioned on This Page
Penguin Putnam
To Digitalize Books
Penguin Putnam Inc
Lightning Source Inc
Lightning Source
Ingram Industries Inc
Simon & Schuster
Time Warner
Random House
Djia
BizFacts
Cnina
David Jones
Aubrey G. Lanston & Co
Federal
Pugliese
C.R
Aol
Marsha DeFilippo
Tremont Credit
Broadway
Primus
Custom Homes
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