Investors cautious rise as Greenspan testimony looms
Stocks edge higher on strong retail sales while awaiting Federal Reserve Chair Greenspan’s congressional testimony. The Dow rose 46.19 to 10,837.32 and the Nasdaq gained 6.30 to 2,089.21. Deere reports record first quarter profits. Qwest narrows fourth quarter loss to 139 million on revenue of 3.43 billion.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
Wall Street
Greenspan
Fed
New York Stock Exchange
Deere & Co
Moline
Ill
Deere
Thomson First Call
Qwest Communications International Inc
MCI Inc
Qwest
Dick Notebaert
Collins CEO outlines 2005 hiring and R&D push
Collins plans to hire about 400 people in 2005 with roughly 60 percent in Iowa as part of a broader push in research and development. The company posted a 2004 sales rise of 15 percent and earnings per share of 1.67. Major wins include Boeing 787 cockpit systems and JTRS defense contracts, aiming to shorten development cycles for long term gains.
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the Gazette
Cedar Rapids
Rockwell Collins
Clay Jones
Collins
Iowa
Jones
Boeing
Navy Fuel Station Tests Soy Biodiesel At Pentagon
The Pentagon Reservation fuel station in Arlington Virginia now dispenses soy biodiesel and offers 85 percent ethanol fuel. Open to the public the station serves as a showcase for renewable fuels said Ed Ulch of the National Biodiesel Board.
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U.S. Navy Exchange
Pentagon Reservation
Arlington
Ed Ulch
National Biodiesel Board
Iowa Soybean Promotion Board
Gazette
Retail sales dip as auto demand drags January figures
Commerce Department data show retail sales falling 0.3 percent in January, the weakest in five months, with a 3.3 percent drop in auto sales offset by gains in clothing and department stores. Excluding autos, sales rose 0.6 percent. Home prices also rose sharply in late 2004, with 62 markets posting double-digit gains and the national median up 8.8 percent to 187500.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
National Association of Realtors
Grassley backs cap on farm subsidy payments
Senator Grassley and Senator Dorgan introduced a bill supporting Bush's call to limit annual farm subsidies to 250000 dollars. They argue that 72 percent of payments go to 10 percent of farmers and that subsidy limits would curb overproduction and protect small family farmers. The measure receives mixed legislative support.
MENTIONED IN THIS ARTICLE
E. Michael Myers
Washington
Chuck Grassley
Iowa
Bush
Grassley
Byron Dorgan
D-N.d
U.S. Department of Agriculture
Dorgan
Senate
Tom Harkin
House Democrats
South
Microsoft to offer free antispyware and security tools
Microsoft will provide a free antispyware program and release antivirus tools for consumers as part of a broader security upgrade to Windows. Bill Gates unveiled new business security software at the RSA Conference in San Francisco, noting ongoing threats and the need for continued efforts to improve reliability and guard privacy.
MENTIONED IN THIS ARTICLE
Collins’ Defense Contracting
Jones
U.S
San Francisco
Microsoft Corp
Microsoft
Bill Gates
Mak
Gates
Caribou Coffee plans Coralville Iowa City Corridor expansion
Caribou Coffee will open its first Cedar Rapids Iowa City Corridor stores this year with a Coralville or Iowa City site planned soon. The Minneapolis based chain, the second largest non franchised coffee chain in the U S, aims for end cap strip centers and some freestanding stores. Management cites weak local competition and growth plans into smaller communities.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Caribou Coffee Co
Cedar Rapids
Iowa City
Coralville
Caribou
Minneapolis
United States
Dana Polonsky
Polonsky
Starbucks
Minnesota
Iowa
Sioux City
Clive
Jill Prevost
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By Dave DeWitte
Collins’ Services
Mesa Airlines
Warner Robins Air Logistics Center
Dewitte
Gazettecommu
U.S. Navy
Schryme
AP Stockquote
AMEX
YDJ Fmamjjasond
Department of Commerce
Emmva
Aol
Sen
Chuck Blowa
Caribou Coffee
David.dewitte
Gazettecommunications.com
Welter
Blairs Ferry
Monticello
Dubuque
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