Stock prices edge down as investors take profits
Stock prices retreated on Tuesday as investors questioned fourth quarter earnings and booked profits. Analysts cited earnings season as the dominant factor, with the Dow closing 58.00 lower at 10,427.18 and the Nasdaq down 15.34 to 2,096.44 as decliners outpaced advancers 5 to 4 on the NYSE.
MENTIONED IN THIS ARTICLE
Brian Bruce
Global Investments
PanAgora Asset Management Inc
Boston
New York Stock Exchange
Rockwell Collins lifts FY 2004 earnings outlook
Rockwell Collins raised its fiscal 2004 earnings forecast citing strong organic growth in government systems and higher than expected aftermarket sales in commercial systems. The company now expects earnings per share of 1.50 to 1.60 for 2004, up from 1.40 to 1.50. First quarter results and a 9 a.m. investor call will be webcast January 27.
MENTIONED IN THIS ARTICLE
Rockwell Collins
Rock
Wellcollins.com
Iowa approves rail grant for Pine Lake ethanol plant rail line
The Iowa Transportation Commission approved a 72692 dollar rail assistance grant to restore a seven mile abandoned line from Ackley to Steamboat Rock for Pine Lake Processors of Eldora. The line, abandoned in 1989 by Chicago and North Western, is now held by the North Central Railway Association and rail banked by local shippers. The project supports a 7.5 million bushel per year ethanol plant five miles north of Steamboat Rock on U.S. 20, creating about 30 local jobs and improving grain markets.
MENTIONED IN THIS ARTICLE
Steamboat Rock
U.S. 20
Iowa Transportation Commission
Pine Lake
Eldora
Ackley
Chicago and North Western
North Central Railway Association
SureBeam to Liquidate After Bankruptcy Filing
SureBeam Corp plans Chapter 7 bankruptcy and liquidation after failing to reach a restructuring deal with its senior secured lender. The San Diego based food irradiation firm expects a court appointed trustee to liquidate assets as the lender accelerates debt repayment.
MENTIONED IN THIS ARTICLE
SureBeam Corp
SureBeam
Gazette
News Service
Global biotech crop acreage rises 19 percent in 2003
ISAAA report shows seven million farmers in 18 countries grew engineered crops on 167.2 million acres, up from 145 million in 2002. U.S. farmers planted 105.7 million acres, while Europe keeps a five year moratorium amid ongoing debate on health and environmental impacts.
MENTIONED IN THIS ARTICLE
San Francisco
Europe
International Service
Agri-Biotech
Clive James
Philippines
India
China
Argentina
Canada
U.S
European Union
Fannie Farmer to Close Downtown Cedar Rapids Store
Archibald Candy Corp will shutter the Fannie Farmer outlet at 129 Third Ave SE in Cedar Rapids as part of a nationwide closing of 70-year-old chains. Closures begin Jan 20 and finish by Feb 15, with 227 other Fannie Farmer and Fannie May shops affected.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Fannie Farmer
Third Ave
Fannie May
Archibald Candy Corp
Chicago
Service Employees International Union Local 1
Archibald
Laura Secord
Ron Bottrell
Archibald Candy
Paramount
Marie Kelly
Duane Crock
the Gazette
Pioneer Hi Bred names new president Dean Oestreich
Dean Oestreich, 52, was named the 10th president of Pioneer Hi Bred International replacing Rick McConnell who retires after 30 years. Oestreich will also serve as vice president and general manager of Dupont based Pioneer and led global supply management before this appointment.
MENTIONED IN THIS ARTICLE
DES Moines
Pioneer Hi-Bred International
Rick McConnell
Dean Oestreich
Pioneer
Oestreich
Wilmington
Del
Dupont
Africa
Middle East
Asia and Pacific
Cargill posts 65 percent quarterly earnings rise
Cargill Inc reports a 65 percent jump in earnings to 518 million for the quarter ended November 30, driven by global grain oilseed cocoa and starch and sweetener lines. Beef processing and cattle feeding remained strong but faced higher costs later in the quarter.
MENTIONED IN THIS ARTICLE
Minneapolis
Cargill Inc
Cargill
Cedar Rapids
Rockwell Collins launches Green Communities Grant Program
Rockwell Collins announces a Green Communities Grant Program offering 15 000 annually with grants from 500 to 1 500 for projects by qualified non profits in host communities Applications run January 5 to March 1 with winners announced April 22 Earth Day A review panel will assess tangible environmental benefits project sustainability employee participation and calendar year completion
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Rockwell Collins
Aviation Electronics Manufacturer
Gram
Jeff Moder
David T. Bozaan
Rockwellcollins.com
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Nasdaq
Steamboat Ethanol
SciTyme
Iowa City
AP Stockquote
Local
ISAAA
James
Brazil
South Africa
Australia
Uruguay
Romania
Spain
Germany
Bulgaria
Indonesia
Colombia
Honduras
Mexico
G.R
Armstrong’s Department
Killian’s Department
Cedar
George.ford
Gazettecommunications.com
Pai
Pioneer Hi-Bred International Names
New President
Waseca
Minn
University of Minnesota
McConnell
New York Times
Pioneer and Monsanto Co
United States
Excel Corp
Lisa Clemens
OCG Cacao
Duckworth Group
Manchester
England
Javid
Dewitte
East Iowa
Cho
APAC
McLeod USA Pt
Aegon NV
McLeod USA A
Alcoa Inc
Mestek
Alliant Energy
Moore Wallace Inc
Arch Dan Mid
Nash Finch
Pearson PLC
Bandag Inc
Penford Corp
Caseys Gen Store
Columbus McKinnon
PepsiCo
Comel Fed
Procter Gamble
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Raicorp Holding
Rockwell Collins Featherlite Inc
Saks Inc
Fiserv
Genencor Inti Inc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Howands Union Planters
Antl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon
Unova Inc
Wmacc Pro Eat
Verizon Comm Marsh & McLennan
WalMart Sirs
Maytag
Wells Fargo & Co
Weverhauser
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