Strong earnings lift stocks as oil slides
U.S. stocks rose on Tuesday as solid earnings and a drop in oil prices offset weaker than expected manufacturing data and jitters over the Federal Reserve. The Dow gained 62.00 to 10,551.94, the Nasdaq rose 6.29 to 2,068.70, with advancers outpacing decliners about 2 to 1 on the NYSE.
MENTIONED IN THIS ARTICLE
Federal Reserve
Wall Street
Fed
Open Market Committee
Philip S. Dow
Daii Rauscher Wessels
Minneapolis
New York Stock Exchange
Ralcorp reports higher Q1 profits on bakery acquisitions
Ralcorp Holdings Inc says first quarter net income rose 42 percent to 16.6 million or 55 cents a share from 11.7 million or 39 cents a year earlier, with sales up 21 percent to 440.1 million. The results include a 4 million loss from its stake in Vail Resorts. Energy and freight costs may pressure margins going forward. The company beat analysts’ estimates.
MENTIONED IN THIS ARTICLE
Ralcorp Holdings Inc
Brand Food Company
Vail Resorts Inc
Bandag earnings rise on currency gains and new subsidiary
Bandag Inc. reports Q4 income of 30.8 million or 1.56 per share on revenue of 232.8 million up from 29.1 million and 225.7 million a year ago. Foreign exchange translation added about 6.5 million in revenue while Speed Co contributed 16.9 million in quarterly sales.
MENTIONED IN THIS ARTICLE
Bandag Inc
U.S
Speedco
Gazette
Purchasing Managers Index Overview
The PMI monitors activity across more than 350 industrial firms. It gauges overall business momentum, with readings signaling expansion or contraction in manufacturing and related sectors.
Manufacturing activity grows for 20th straight month in January
The Institute for Supply Management shows a January manufacturing index at 56.4, down from December but still above 50, signaling continued growth. ISM chair Norbert Ore says production and employment rose, with export demand strong and Q1 momentum solid. Construction spending also rose 1.1 percent in December, boosting 1996 activity.
MENTIONED IN THIS ARTICLE
New York
Institute For Supply Management
Sents
Norbert J. Ore
Institute
Ore
Commerce Department
Menards Opens Large Marion Store Replacing Old Iowa Location
Menards opens a 225000 square foot Marion store on the Highway 100 Bypass at 7 am Thursday, replacing its 4601 First Ave SE outlet after nearly 30 years. The new store adds appliances, indoor lumber, garden and home decor, lighting and flooring, plus self service kiosks and checkouts. The old First Avenue site closes after tonight. staff rises to about 180.
MENTIONED IN THIS ARTICLE
the Gazette
Marion
Menard Inc
Iowa
First Ave
Menards
Highway 100
Eau Claire
Wis
Matt Winkler
Winkler
First Avenue
Spar
Tan
Duane Crock
Jesse Albaugh
Anamosa
Clark Window Cleaning
Cedar Rapids
Albaugh
Iowa farm count slides in 2004 as land stays steady
USDA shows Iowa farms declined by 300 in 2004 to 89,700 while farmland remained 31.7 million acres. Average farm size rose to 353 acres, with more farms in higher sales classes and livestock operations dropping, including hogs and cattle counts.
MENTIONED IN THIS ARTICLE
Marlene Lucas
the Gazette
U.S. Department of Agriculture
Iowa
MidAmerican wins approval to expand Iowa wind farms
MidAmerican Energy Co. earned Iowa Utilities Board approval to add 50 wind turbines to its projects in Sac Buena Vista Wright and Hamilton counties. The expansions cost about 63 million and bring capacity to 50 megawatts enough to power 100000 homes.
MENTIONED IN THIS ARTICLE
Sioux City
Mid- American Energy’s Co
Iowa
Iowa Utilities Board
Schaller
Century Wind
Blairsburg
Sac
Buena Vista
Intrepid
Wright
Hamilton
MidAmerican
MidAmer
MidAmerican Energy Wind Farm Pushes Renewable Share
MidAmerican Energy plans to obtain at least 2 percent of its power from renewables. After the new wind facility finishes, about 9 percent of its power will come from wind, solar or biomass. The wind investment supports keeping electric rates stable through at least 2010 as agreed with state regulators.
MENTIONED IN THIS ARTICLE
MidAmerican
Weaker dollar boosts exports in Midwest firms
The weaker U.S. dollar has lowered foreign costs for American goods, lifting new manufacturing and export orders across the Midwest. Creighton University economist Ernie Goss notes imports remain little restrained, with the Mid-America index rising to 60.7 in January and export orders up to 58.1 while Iowa's index reaches 53.6.
MENTIONED IN THIS ARTICLE
Omaha, Neb
U.S
Midwest
United States
Creighton University
Ernie Goss
Mid-America
Also Mentioned on This Page
Ralcorp
USDA
Farm Service Agency
Fsa
Usda.gov
Dafp
Linn County
Johnson County
Schryme
Iowa City
Institute For Supply Mgmt
By Dave DeWitte
Blairs Ferry Road
David.dewitte
Gazettecommunications.com
Marlene.lucas
Gazettecor
Nications.com
MidAmerican Energy
Midamericanenergy.com
Goss
Arkansas
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Jonr
Blairs Ferry
Monticello
Dubuque
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