Stock Markets Edge Lower Amid Investor Nervousness
Markets drift as investors await Fed Chair Greenspan testimony with Dow off 14 points and Nasdaq down 3.44 amid cautious trading. PepsiCo raises 2003 and 2002 earnings after correcting stock option expense. Moore Wallace CFO suspended over a misdated memo in a restructuring probe.
MENTIONED IN THIS ARTICLE
Moore Wallace Inc
Mark Hiltwein
Moore Wallace
Iowa City
New York
Stamford
Pricewaterhouse-Coopers
Hiltwein
Mixed Results In Treasury Bill Auction
The Treasury sold 19 billion in three month bills at a 0.920 percent discount rate unchanged from last week. Six month bills totaling 17 billion carried a 0.990 percent discount rate down from 1.000 percent. The actual yields were 0.939 percent for three months and 1.011 percent for six months with $10,000 and $9,950.90 prices respectively.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Australia and United States sign free trade deal
Australia and the United States sealed a multibillion dollar free trade pact aimed at eliminating duties on most U S manufactured exports to Australia and most Australian goods sent to the United States. Opposition Labor warned of vetting and possible changes if the deal is not in Australia's interest.
MENTIONED IN THIS ARTICLE
Australia
U.S
Sydney
Labor Party
Mark Latham
Howard
Bush
Chuck Grassley
Grassley
Congress
Robert Zoellick
Heartland Financial to buy Montana bank Rocky Mountain Bancorporation
Heartland Financial USA Inc. of Dubuque agrees to acquire Rocky Mountain Bancorporation and its Rocky Mountain Bank for about 34.5 million dollars in a 50 50 cash and stock deal. The merger preserves Rocky Mountain Bank’s name and charter and requires Federal Reserve and shareholder approvals with closing expected in Q2.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette Heartland Financial USA Inc
Dubuque
Rocky Mountain Bancorporation
Rocky Mountain Bank
Montana
Heartland
Rocky Mountain
Federal Reserve
United States
Lynn Fuller
Fuller
Heartland Financial
Don Fraley
Iowa
Illinois
Wisconsin
New Mexico
Arizona
Ferrellgas to Acquire Blue Rhino in $340 Million Deal
Ferrellgas Partners LP agrees to buy Blue Rhino Corp for 340 million dollars. Blue Rhino operates over 29 000 exchange locations for propane tanks and will keep its Winston Salem headquarters and trade name. The deal values Blue Rhino at 17 dollars a share with a 22 percent premium and is expected to close in May or June.
MENTIONED IN THIS ARTICLE
Ferrellgas Partners
Blue Rhino
Liberty
Dow Jones/AP
Ferrellgas Partners LP
Blue Rhino Corp
Winston- Salem
N.C
Ferrellgas
Winston-Salem
New York Stock Exchange
GM recalls 636000 midsize SUVs for windshield wiper fix
GM recalls about 636000 2002 2003 model year TrailBlazer Envoy Bravada and Isuzu Spencers to inspect wiper module for water intrusion. Some vehicles built 2000 to 2002 may have vent hole water exposure causing short circuits. Repairs at no cost to customers begin in Q3 with dealer inspections and patch covers.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Canada
InterActive Corp posts stronger fourth quarter earnings
IAC reported net income of 153 million dollars or 20 cents a share for the quarter ended December 31, up from 145 million or 30 cents a year earlier. Revenue rose 36 percent to 1.8 billion as Travel and Tickets plus Match.com and Hotels.com boosted results.
MENTIONED IN THIS ARTICLE
Los Angeles
InterActive Corp
Expedia
Ticketmaster
Citysearch
IAC
Access Direct
Cedar Rapids
Hotels.com
Match.com
Thomson First Call
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