Markets Hold Firm Amid Quiet PreHoliday Trading
Stocks closed mixed as mild economic news offset retailers' weak sales and Citigroup's big earnings charge. The Dow fell 18.03 to 8493.29 while the Nasdaq rose 18.64 to 1381.69 as trading volume eased. Federal regulators approved Qwest Communications to reenter long distance in eight states, boosting competition.
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Citigroup
New York Stock Exchange
Qwest Communications
Iowa
Federal Communications Commission
Qwest
Colorado
Idaho
Montana
Nebraska
North Dakota
Utah
Washington
Wyoming
Rockwell Collins CEO Clay Jones Receives 500000 Bonus
Rockwell Collins discloses in its proxy that chairman and CEO Clay Jones earned a 500000 bonus for fiscal 2002, 91 percent of his 550000 salary, amid post 9 11 market challenges and continued leadership duties. The proxy also details bonuses for other executives and notes an upcoming annual meeting February 11 at Collins Plaza Hotel.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
Rockwell Collins’ Board
Clay Jones
Jones
Neal Keating
Commercial Systems
Rockwell Collins
Collins Plaza Hotel
Deloitte & Touche
Anthony Carbone
Cheryl Shavers
Landmark Restaurant saved by HandiMart at Williamsburg
Community outcry helps keep the Landmark Restaurant open at the Landmark Truck Stop in Williamsburg. HandiMart Food Stores of Cedar Rapids will reopen the restaurant on or about January 8 under new management after closing December 31 to train staff and update interiors. The Landmark staff of about 50 may reapply, and current menu will be retained for now.
MENTIONED IN THIS ARTICLE
the Gazette
Williamsburg
Interstate 80
HandiMart Food Stores
Cedar Rapids
Nordstrom Oil of
Handi-Mart
Landmark
HandiMart
Dave Nordstrom
Consumer spending rises in November lifting economic outlook
U S consumer spending rose 0.5 percent in November led by big-ticket purchases like cars and appliances while incomes advanced 0.3 percent. Analysts say sustained spending supports the economic recovery though retailers face uncertain late holiday demand.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Economist predicts solid holiday shopping despite concerns
Richard Yamarone of Argus Research Corp. says holiday spending may hold up. He notes full parking lots and shoppers buying, not just browsing, suggesting sales may not be as weak as some fear.
MENTIONED IN THIS ARTICLE
Its
Richard Yamarone
Argus Research Corp
Judge grants Sun injunction in antitrust suit
In Baltimore U S District Judge J Frederick Motz orders Microsoft to include Sun Microsystems Java in Windows while Sun pursues its antitrust case. Sun argues Microsoft aliases Java with Windows to lock competitors out. Motz cites public interest in promoting genuine competition and notes .NET potential.
MENTIONED IN THIS ARTICLE
Sun
Baltimore
Microsoft
Sun Microsystems
U.S
J. Frederick Motz
Grim Holiday Outlook Presses Retailers As Sales Underperform
New York AP reports retailers including J C Penney Federated Department Stores Macy s Bloomingdale s and Wal Mart face a weak holiday rush. Even heavy discounting fails to lift same store sales and analysts warn November December results may miss targets. Retailers stress last minute shopping remains essential amid cautious consumer demand.
MENTIONED IN THIS ARTICLE
Eatly
New York
J.C. Penney
Federated Department Stores
Burt Flickinger
Reach Marketing
Federated Department Stores Inc
Bloomingdale’s
Macy’s
Wal-Mart Stores Inc
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Echyone
Iowa City
AP Stockquote
Local
Rockwell
C.R. Company
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Robert Chiusano
Lawrence Erickson
Herman Reininga
Gary Chadick
Javid
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Gazatacommunications
HandiMart In
C.R
George C. Ford
Triangle Management
Restau
Nordstrom
Georgeford
Gazettecommunications.com
Ange Trom
Department of Commerce
P.O. Box
Metz
Motz
NET
McLeod USA
APAC
McLeod USA A
Aegon NV
Alcoa Inc
Mestek
Alliant Energy
Moore Corp
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Pentord Corp
Ralcorp Holding
Featherlite Inc
Fiserv
U Saks Inc
Sealed Air
Genencor Intl Inc
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Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Unova Inc
Macc Pry Eat
Verizon Comm
Marsh & McLennan
WalMart
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