Wall Street inches higher on Cisco forecast
Wall Street ended a fractional session modestly up as Cisco Systems issued a strong sales forecast boosting tech shares. The Dow rose 0.56 points to 12,666.87 while the Nasdaq Composite gained 19.01 to 2,490.50 as advancers outpaced decliners about 3 to 1 on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Cisco Systems Inc
Cisco
New York Stock Exchange
MidAmerican Energy Plans 120 Million in 2006 Distribution Upgrades
MidAmerican Energy Co. will invest about 120 million this year to upgrade its electric distribution system in Des Moines. The program, running since 2000, averages 106 million annually and varies with customer growth and government projects. Rates will not be increased to fund the investment.
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MidAmerican Energy Co
MidAmerican
Des Moines
Alliant Energy Sells Illinois Utility Assets for 51 Million
Alliant Energy Corp through Interstate Power Light sells electric distribution and natural gas assets in Illinois to Jo Carroll Energy Inc. The cooperative serves Jo Daviess Carroll and Whiteside counties. Net proceeds about 28 million. Also via Wisconsin Power & Light sells South Beloit Water Gas and Electric assets to Rock County Electric Cooperative Association. Buyer serves Wisconsin and Illinois. net proceeds about 23 million.
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Alliant Energy Corp
Illinois
Interstate Power Light
Alliant
Jo Carroll Energy Inc
Jo Daviess
Carroll
Whiteside
Wisconsin Power & Light
South Beloit
Rock County Electric Cooperative Association
Wisconsin
Gale
Job Corps Center Approved for Ottumwa Iowa
Labor Department approves a new Job Corps Center to open in late 2010 in Ottumwa Iowa. Grassley identifies Wapello County and Indian Hills Community College as leaders winning the national competition. Center will offer academic help and career technical training.
MENTIONED IN THIS ARTICLE
Labor Department
Ottumwa
Chuck Grassley
Iowa
New Hampshire
Wyoming
Grassley
Wapello County
Indian Hills Community College
Gazelle
Aquila to Sell Iowa Gas Utility to Black Hills in 940 Million Deal
Aquila Natural Gas will sell its 149000 customer Iowa gas utility to Black Hills Corp as part of a 940 million cash transaction that includes Aquila operations in Colorado Kansas and Nebraska. The move follows Aquila's ongoing losses and its pending acquisition by Great Plains Energy. Black Hills plans to keep Aquila staff and Iowa offices and to gain scale with the addition of eastern Iowa communities. The transfer requires Iowa Utilities Board approval with an 80 day timeline for a reorganization petition.
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Dave DeWitte
Gazette
Aquila Natural Gas
Iowa
Black Hills Corp
Aquila
Great Plains Energy
Rapid City
Aguila
Ana
Black Hills
Colorado
Kansas
Nebraska
Black Hill
Emery
Iowa Utilities Board
Rob Hillesland
Ples Natural Gas
UniiCorp United
Great Plains Energy of
Kansas City
South Dakota
Wyoming
Montana
Warming up to solutions by Cindy Hadish
Michael Kraig of the Stanley Foundation and David Taft of the Natural Resources Defense Council spoke at Cornell College and the University of Iowa as part of an energy security tour. They urged reducing oil dependence and vetting candidates on climate policy, warning against abrupt Middle East oil cuts and urging economic diversification.
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Jowans
U.S
Michael Kraig
Stanley Foundation
Muscatine
David Taft
Natural Resources Defense Council
Climate Center
Washington, D.C
Cornell College
Mount Vernon
University of Iowa
Americans For Informed Democracy
Kraig
Middle East
Said Oil
Nixon
China
Taft
Towans
Whirlpool posts 14 percent Q4 earnings drop on weak demand
Whirlpool Corp reports a 14 percent fall in fourth quarter earnings as weak U S appliance demand and a loss from discontinued operations weigh on results. Revenue rises 25 percent to about 5.0 billion, helped by Maytag acquisition and international growth.
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New York Stock Exchange
Grand Rapids, Mich
Whirlpool Corp
Thomson Financial
Benton Harbor
Maytag
Jeff Fettig
Whirlpool
U.S
Fettig
Why CD rates vary across banks and accounts
A reader asks why banks pay different savings rates from 0.25 percent on a custodial account to 5.3 percent on local CDs while big lenders offer 4.8 percent. The explanation: banks adjust rates based on lending demand, funding needs, and cross selling. Higher rates attract deposits when lending is strong. otherwise banks steer money to more profitable products or avoid costs of small accounts.
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Cash
Ing Bank
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