Tech stocks steady after Intel results in cautious trading
Investors waited on Intel earnings and narrowed bets to blue chips as markets closed flat after the report. The Dow rose 127 points to 10652.66 while the Nasdaq slipped 7.95 to 2618.55. Wells Fargo earned 9 percent on $1.13 billion Q4 profit, and Qwest announced a buyback of 22 million BellSouth shares.
MENTIONED IN THIS ARTICLE
Intel
Wall Street
Dell
Gateway
New York Stock Exchange
Iowa
Toyota
Rockwell
Wal-Mart
Weyerhaeuser
Heartland Express
Fiserv
Qwest Communications International Inc
BellSouth Corp
Qwest
BellSouth
Cargill Posts 20 Percent Q2 Earnings Rise on Beef and Finance
Cargill Inc. reports a 20 percent rise in second quarter earnings to 174 million dollars for the quarter ended Nov 30, up from 145 million a year earlier. Gains stem from strong beef processing and financials, with grain and oil seeds operations streamlined and modest regional demand improvements. For the first six months of fiscal 2001 earnings reached 346 million, up 17 percent from 295 million the prior year.
MENTIONED IN THIS ARTICLE
Cargill Inc
Cargill
Treasury bill rates rise in Tuesday auctions
The Treasury sold 13 billion in three month bills at 5.220 discount rate and 11 billion in six month bills at 5.055. The implied yields show 5.361 percent for the three month bill and 5.261 percent for the six month bill. The Fed reported one year bill yields fell to 4.79 percent from 4.89 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Nestle to buy Ralston Purina for 10 billion
Nestle SA plans a 10 billion acquisition of Ralston Purina Co to build a dominant pet food empire with brands like Alpo Purina Friskies and Meow Mix. Analysts note Nestle’s growth in dry pet foods and expect regulatory review with possible brand divestitures.
MENTIONED IN THIS ARTICLE
Nestle
Ralston Purina
Wall Street Journal
Purina O.N.E
Meow
Tender
Purina
Tidy Cats
Ralston
Jack A. Nickerson
Washington University
St. Louis
New York Stock Exchange
Brubeck-Letmathe
Nestle-Ralston
Nickerson
Sports Page to become Third on First sports bar
Cedar Rapids The Sports Page Family Restaurant at Town and Country Shopping Center will be converted into a Third Base sports bar location in March. David Carey and Joe Denny, who operate Third Base outlets, will transform the space with a smaller kitchen, more seating, 20 to 30 televisions, and a limited menu under the name Third on First.
MENTIONED IN THIS ARTICLE
Gates
Cedar Rapids
Sports Page
Town and Country
David Carey
Joe Denny
Center Point Road
Carey
North Liberty
Denny
the Gazette
Jim Gugeler
Buck’s
U S inventories rise as sales fall in November
U S inventories of unsold goods rose 0.5 percent to 1.22 trillion in November while sales dropped 0.3 percent to 896.3 billion. Economists cite weakening domestic demand, stockpile buildup, and higher energy prices as factors in a slowing economy. The inventory to sales ratio climbed to 1.36 months, the highest since April 1999.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Rockwell predicts higher 2001 earnings on first quarter gains
Rockwell International says fiscal 2001 earnings will beat estimates driven by stronger control systems results in Q1. Net income fell to 134 million or 73 cents per share from 157 million or 81 cents, with revenue at 1.7 billion. Sales benefited from Kaiser Aerospace and Sony Trans Com contributions and Rockwell Collins spin off remains on track for Q2.
MENTIONED IN THIS ARTICLE
First Call
Thomson Financial
Rockwell Collins
Kaiser Aerospace and Electronics
Sony
Trans Com
Firstar Reports 31 Percent Q4 Earnings Rise
Milwaukee based Firstar Corp reports fourth quarter net income of 350 million dollars or 37 cents per share up from 268 million dollars or 27 cents. Excluding merger charges earnings rose 21 percent to 394.3 million dollars or 41 cents per share.
MENTIONED IN THIS ARTICLE
First Call
Thomson Financial
New York Stock Exchange
Veteran Iowa farm broadcaster Herb Plambeck dies at 92
Des Moines based broadcaster Herb Plambeck died of cardiac arrest at age 92 in a Des Moines hospital. He led WHO radio farm reporting from 1936 to 1969, helped organize the National Association of Farm Broadcasters, and served as a judge for 4 H and FFA. He remained active with youth groups and the Iowa State Fair after retirement. Funeral services were pending.
MENTIONED IN THIS ARTICLE
WMT Radio
Ag Management Services
Monticello
Farm Broadcasting
Plambeck
WMT
4-H
FFA
WHO
Vietnam
Balvant
Also Mentioned on This Page
Wells Fargo
Wells Fargo & Co
West
Wells
Djia
BizFacts
Tiny
Denmark
France
Lear
Mexico
OECU
Peter Brabeck
John McMillin
Prudential Securities
New York
Vevey
Switzerland
Friskies
Alpo
Carnation
Perrier
Nescafe
Taster’s Choice
Poland
Kat
Hoover
Pat Carr
Sports Bar
Merrill Lynch
Stan Shipley
Rockwell International
George C. Ford
Flight Entertainment Business
Aya
Rer
Firstar
Mercantile Bancorporation
First Union
Tennessee
U.S. Bancorp
Herb Plambeck
Midwest
Jerry K. Ask Investment Services
O@ SS
Primus
Hiawatha
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