Stocks rise on merger news as Cingular bid tops AT&T Wireless
Wall Street rallied after Cingular offered 41 billion dollars for AT&T Wireless, lifting the Dow 0.8 percent to 10,714.88 and the Nasdaq 1.3 percent to 2,080.35. Disney also rejected Comcast’s hostile bid while weighing other offers for the Muppet franchise.
MENTIONED IN THIS ARTICLE
Cingular
At&t Wireless
Wall Street
Disney
Comcast
Todd Clark
Wells Fargo Securities
New York Stock Exchange
AP Terence Reilly
Labranche & Co. LLC
Treasury Bill Auction Yields Dip on Short-Term Debt
The Treasury sold 19 billion dollars of three month bills at a 0.915 percent discount, down from 0.920 last week, and 17 billion dollars of six month bills at 0.975 percent, down from 0.990. The discount rates imply actual yields of 0.931 percent for the three month and 0.996 percent for the six month.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Cattlemen Win 1.28 Billion Suit Against Tyson Fresh Meats
A federal jury awarded 1.28 billion dollars to cattlemen claim Tyson Fresh Meats used marketing agreements to create a captive cattle supply and depress prices. Tyson plans an appeal while injunctive action may follow after related trials.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Tyson Fresh Meats Inc
Tyson Fresh Meats
Tyson
IBP Inc
Randy Beard
Guntersville
Thomas C. Green
Cingular to Acquire AT&T Wireless for 41 Billion
Cingular Wireless agreed to pay nearly 41 billion dollars in cash to acquire AT&T Wireless Services creating a 46 million subscriber network and the nation’s largest mobile company. Regulators and shareholders must approve. experts warn competition could drop with fewer national players.
MENTIONED IN THIS ARTICLE
Atlanta
Cingular Wireless
At&t Wireless
U.S
Verizon Wireless
Cingular
Stan Sigman
Iowa Tops Midwest in Air Permit Turnaround Speeds
A Deloitte Consulting study shows Iowa issuing air quality permits faster than seven Midwestern states, averaging 15 days for minor sources due to Kaizen streamlining. Iowa trails in historic preservation reviews and wastewater permits, with improvement expected after broader Kaizen application. Governor Vilsack touted the findings and the program funded by the Iowa Coalition for Innovation and Growth.
MENTIONED IN THIS ARTICLE
Dave DeWitte Tie
Iowa
Tom Vilsack
Deloitte Consulting
Vilsack
Deloitte
Mid
Illinois
Nebraska
Historic Preservation
Kaizen
Iowa Coalition For Innovation and Growth
Iowa Business Council
Iowa Depart
General Mills chief addresses allegations of inflated sales
General Mills chairman and CEO Steve Sanger refuted claims of inflated sales and potential federal charges at a NY conference. A former manager alleged a practice called loading to boost shipments and stock price, linked to the Pillsbury acquisition and a $273 million payout to Diageo. Sanger noted stronger U.S. retail volume early in the quarter, offsetting the late-quarter rise in shipments.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills Inc
Securities and Exchange Commission
General Mills
Pillsbury
Steve Sanger
New York
Phoenix
Jeffrey Millard
Diageo PLC
Diageo
Deere profits rise sharply on strong first quarter
Deere & Co reports first quarter profits of 170.8 million dollars or 68 cents a share, up 151 percent from a year ago. Revenue climbs 25 percent to 3.48 billion, with equipment sales up 30 percent in the United States and Canada and 26 percent abroad, lifting the stock.
MENTIONED IN THIS ARTICLE
Moline, NL
Deere & Co
Wall Street
Thomson First Call
United States
Canada
Robert W. Lane
Deere
New York Stock Exchange
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Alliant Energy
Mason City
Leisha Coffey
Iowa Utility Board
Risa Shipley
The
Jim Henson Co
Walt Disney Co
Kermit
Miss Piggy
Big Blue House
Jim Henson
Em.tv
Henson
AP Stockquote
Local
Green
Lyle Strom
David Domina
Strom
Swift & Co
Excel Corp
IBP
Arkansas
Tyson Foods Inc
Tyson Con
Mark Cooper
Consumer Federation of America
Midwest
David.dewitte
Gazettecommunications.com
Sanger
Mark Koznarek
FTN Midwest Research
Koznarek
Bankers Trust
Third Avenue SE
Cedar Rapids
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