Oil prices slip after volatile February contract trading
Prices fell from session highs as gasoline prices declined and refiners reduced demand. February crude settled at $51.13 a barrel after peaking at $53.44, with heating oil and natural gas also edging lower and higher respectively. The February contract expires Monday amid roll-related volatility.
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London
Antoine Halff
Fimat Energy Research
AAA
New York Mercantile Exchange
Stephen Jones
Purvin & Gertz
Houston
Nymex
City State Bank to open Marion branch this summer
City State Bank will open its first Marion branch at 325 Oak Brook Dr this summer after more than 60 years in Central City. CEO Eric Helms cites convenience for residents working in Marion and retirees moving from Central City area farms. A July opening is tentatively planned. the bank holds $86.5 million in assets and $63.8 million in deposits.
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Shive-Hattery Inc
Pearson on track for record full year profits
Pearson PLC reports strong fourth quarter performance keeping it on track to deliver record 2006 profits. Adjusted earnings are expected near the top end of 76 to 79 cents guidance as all units improve. CEO Marjorie Scardino credits investments in content and technology for the gains.
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London
Pearson PLC
Financial Times
Pearson
Marjorie Scardino
Mesaba files reorganization plan re emerging as Northwest subsidiary
Mesaba Aviation Inc. filed a reorganization plan to emerge from bankruptcy as a Northwest Airlines subsidiary. Under the plan Northwest would acquire Mesaba in exchange for a $145 million unsecured claim, pending bankruptcy court approval. MAIR Holdings shares fell 8 cents to $7.33 on the Nasdaq.
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Mesaba Aviation Inc
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Mair Holdings Inc
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Northwest
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Iowa lawmakers to grill Mediacom and Sinclair executives
Iowa legislators will question Mediacom Communications Corp and Sinclair Broadcasting Group executives over a carriage dispute that cut 22 Sinclair stations from Mediacom in 13 states affecting about 250000 Iowa subscribers. The two firms clash over retransmission fees, with arbitration and FCC review debated.
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Sinclair
Des Moines
Mediacom Communications Corp
Sinclair Broadcasting Group
Iowa
House
Senate Oversight Committee
Kgan-Tv
CBS
Cedar Rapids
Kdsmtv
Fox
Lee Enterprises reports 17 percent quarterly earnings rise
Davenport publisher Lee Enterprises Inc. posts first quarter profit of $26.7 million 58 cents a share up from $22.8 million 47 cents. Online advertising revenue climbs 53 percent while total sales reach $300.5 million. St Louis Post-Dispatch impact noted from December ice outage.
MENTIONED IN THIS ARTICLE
Davenport
Lee Enterprises Inc
Pulitzer Inc
Lee
Thomson Financial
Mary Junck
St. Louis Post-Dispatch
New York Stock Exchange
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