Stocks end day higher on strong economic news
The Dow Jones rose 106.74 points to 10,129.56 as upbeat data signaled inflation easing and a brighter outlook for manufacturing. The Nasdaq climbed 6.03 to 1,924.29 while advancers beat decliners about 3 to 2 on the NYSE.
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Stephen Carl
Williams Capital Group
Boeing to Build New 7E7 Dreamliner Jet
Boeing confirms a new 7E7 Dreamliner midsize jet will be built in Everett Washington. The 210 passenger airliner aims to boost fuel efficiency by about 20 percent and replace older 757s and 767s with greater range. CEO Harry Stonecipher backed the project as a game changer amid Boeing’s bid to regain leadership from Airbus. Japan Airlines weighs launch decision while sites in North Carolina South Carolina and Alabama were considered. Rockwell Collins supplies avionics for many Boeing planes.
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Tokyo
NovemberEconomy Shows Growth With Low Inflation Signs
The report notes a 0.2 percent drop in the consumer price index in November led by cheaper gas apparel and air travel. Industrial production rose 0.9 percent, the strongest in four years. Housing starts climbed 4.5 percent to 2.07 million annualized units.
MENTIONED IN THIS ARTICLE
Commerce Department
Pearson VUE Ties Nine Year NASD Testing Pact
Pearson VUE announces a nine year agreement with NASD to deliver computer based qualification and continuing education exams through its U S professional centers. U S testing starts in January with NASD exams already offered abroad.
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Pearson Vue
Pearson Education
United States
U.S
Pier 1 Profit Edges Up Despite Weak December Traffic
Pier 1 Imports Inc reports modest earnings growth and 10 percent sales rise for the latest quarter, in line with forecasts, but warns December same store sales will fall 4 to 8 percent. Fort Worth based firm earned $32.2 million or 35 cents a share in the third quarter ended Nov 29.
MENTIONED IN THIS ARTICLE
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Furniture and Accessories
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Shellsburg popcorn expands with new ready to eat line
K and K Tiny But Mighty Popcorn from Shellsburg now appears in area stores as The World's Tiniest Popcorn We Think. Market Square Food Company of Highland Park buys raw kernels, pops them, and ships four flavored bags to Iowa markets.
MENTIONED IN THIS ARTICLE
Laura Segall
the Gazette
Gene
Lynn Mealhow
Shellsburg
K&k
First Avenue
Cedar Rapids
Marlene Lucas
Ine
Gazette
Market Square Food Company Inc
Highland Park
Ill
Iowa
Market Square
Iowa City
Memorial Stadium
Gene Mealhow
Principal Financial Projects Sharp Q4 Profit Drop
Des Moines based Principal Financial Group expects fourth quarter profits to fall by at least half after a write down of 70 to 110 million dollars after tax on its home mortgage servicing rights. The move will reduce earnings by 22 to 34 cents a share and does not affect employment in the Principal Residential Mortgage division.
MENTIONED IN THIS ARTICLE
Des Moines
Principal Financial Group Inc
Principal forecasts 52 to 55 cent earnings in quarter
Principal says the quarter ending Dec 31 should yield 52 to 55 cents a share while maintaining a mortgage earnings forecast of 25 to 30 million dollars for next year. The Cedar Rapids and Hiawatha operations face a volatile interest rate environment as noted by group president John Aschenbranner.
MENTIONED IN THIS ARTICLE
Jeff Rader
Cedar Rapids
Hiawatha
John Aschenbrenner
Finley Hospital nurses organize union with SEIU Local 1999
About 300 registered nurses at Finley Hospital Dubuque voted 169 to 115 to join SEIU Local 1999 expanding Iowa hospital unionization. CEO John Knox says the hospital will likely accept the outcome and begin negotiations after NLRB certification pending Friday.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Finley Hospital
Dubuque
Iowa
Service Employees International Union
Cathy Singer
Coralville
SEIU
Finley
University Hospitals
Singer
National Labor Relations Board
John Knox
Knox
Qwest shareholders vote to rein in executive pay
Denver AP report says Qwest Communications investors approved changes to executive compensation and director terms at the first annual meeting after a $2.5 billion earnings restatement. Moves include excluding pension growth from bonuses, limiting severance packs to under three times base pay, and one year director terms. Board re elected includes Anschutz Notebaert Popoff. Anschutz won about 80 percent.
MENTIONED IN THIS ARTICLE
Denver
Qwest Communications
Qwest
Philip Anschutz
Richard Notebaert
Frank Popoff
Notebaert
Popoff
Anschutz
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