Disappointing tech earnings trigger Wall Street selloff
Tech shares weighed on the Nasdaq as analysts eyed another day of declines while the Dow edged lower. A Labor Department CPI reading supported stocks generally, with the Nasdaq falling about 1 percent to 2279.64 and the Dow slipping to 10854.86. Decliners led gainers about 6 to 5 on the NYSE. In Iowa City, Cedar Rapids Chamber head Lee Clancey will keynote the Feb 1 IC Area Chamber annual meeting at the new Metro Center Plaza Tower. dinner at 6 p.m. and speech at 7 p.m.. tickets are 45 dollars, call (319) 337-9637 before Wednesday.
MENTIONED IN THIS ARTICLE
Wall Street
Labor Department
New York Stock Exchange
Lee Clancey
Cedar Rapids
Iowa City
Lee Enterprises Q1 Earnings Dip to 22.8 Million
Lee Enterprises reports first quarter earnings of 22.8 million, down from 27 million a year earlier. Excluding retirement and transition costs, earnings are 62 cents per share, meeting analyst expectations. sales reach 302.6 million versus 184 million a year ago.
MENTIONED IN THIS ARTICLE
Lee Enterprises Inc
Pulitzer Inc
Davenport
Thomson Financial
FCC probes phone records privacy amid data broker concerns
Federal regulators investigate whether telecoms protect customer data from online data brokers. FCC chief Kevin Martin disclosed the inquiry in a letter to Rep. Ed Markey, who cited reports of cellular and landline records sold with call details.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
Kevin Martin
Ed Markey
D-Mass
Markey
FCC
Gazette and Wire
Collins roll out eFlight linked to back office costs cut
Collins introduces the eFlight information management system linking onboard data to back offices to cut airline operating costs. Singapore Airlines, easyJet, and NetJets are among new customers with Boeing and Airbus backing the program. The system promises 2:1 to 5:1 cost ratios, with potential industry savings of 25 to 40 billion dollars.
MENTIONED IN THIS ARTICLE
Dave DeWitt
the Gazette
Rockwell Collins
Washington, D.C
Collins
Singapore Airlines
easyJet
NetJets
Boeing
Airbus
Lins
Chiusano
Mark Harris
eFlight
Chris Kettering
Online bill pay proves safer and faster says experts
Financial experts and CPAs argue online bill pay reduces risk of theft and improves efficiency. They note most breaches target vendors rather than individuals and advise using insured reputable services. A Javelin study shows online monitoring detects theft earlier with far lower losses than paper statements. About 58 percent of U.S. consumers pay at least one bill online monthly.
MENTIONED IN THIS ARTICLE
Wendy Barlin
Barlin
Sail
Matt Lewis
Electronic Commerce
CheckFree Corp
Mark Lobel
PricewaterhouseCoopers
Javelin Strategy & Research
U.S
Phoenix-Esp Payments Research Group
Audit says USDA failed to pursue anticompetitive stockyard cases
An audit finds the Agriculture Department pretended to investigate anticompetitive behavior in stockyards and meat companies since 1999, with hundreds of cases not filed as complaints. It cites officials blocking referrals to lawyers and staff reclassifying routine activities as investigations to inflate enforcement.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Justice Department
JoAnn Waterfield
Waterfield
James Link
USDA
Harkin
Senate Agriculture Committee
Obscene pay fuels calls for SEC disclosure reform
The Philadelphia Inquirer notes that executive compensation climbed sharply from 2002 to 2004 and cites a Corporate Library study. It cites Harvard and Cornell researchers on rising pay costs and supports SEC efforts for broader disclosure, proposing top executives at all units face reporting.
MENTIONED IN THIS ARTICLE
Corporate Library
Portland
Maine
Securities and Exchange Commission
SEC
Christopher Cox
Lucian Bebchuk
Harvard
Yaniv Grinstein
Cornell
Cox
Also Mentioned on This Page
Clancey
J.C
Clancey C.R. Chamber
I.C. Area Chamber
Lee Enterprises
Feds
1St Ave
15Th St
C.R. WalMart
Southwest C.R. HandiMart
Dubuque & Market
S.C
Coralville
David Jewitte
Nications
Madien
Associated Press
Jim Slosiarek
Iowa
Tom Harkin
America
Link
Sen
Philadelphia Inquirer
Jeff Brown
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