Stocks end volatile session higher on strong earnings data
Dow rose 21.72 to 11029.89 and Nasdaq gained 71.33 to 4167.41 after a wobble. NYSE volume reached 1.29 billion shares as 17 Eastern Iowa stocks rose, 24 fell, and three held steady amid mixed results from AT&T, P&G and others. P&G posted 78 cents per share on 10.59 billion sales, while AT&T reported 1.15 billion quarterly profit and 16.34 billion revenue.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
MCI WorldCom
AEGON
Wal-Mart
Wells Fargo
Rockwell
Procter & Gamble
McLeodusa
Alliant Energy
U.S. Cellular
Weyerhaeuser
Quaker Oats
At&t
TCI
IBM
Procter & Gamble Co
Wall Street
P&g
Consumer Products Company
Iowa City
Treasury bill rates mixed on Monday auction
The Treasury sold 7.5 billion in three month bills at 5.385 percent and 6.5 billion in six month bills at 5.520 percent. The new discount rates understate returns at 5.549 percent for three-month bills and 5.774 percent for six-month bills based on current prices.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Penford President Resigns Amid Cedar Rapids R&D Center Plan
Frank Rydzewski, president and GM of Penford Products Co. Cedar Rapids, resigned at the Bellevue Washington annual meeting. Penford confirms a new $4 million R&D center next to the Cedar Rapids plant will proceed in 2 to 6 months, adding at least 10 jobs.
MENTIONED IN THIS ARTICLE
Frank Rydzewski
Penford Products Co
Cedar Rapids
Bellevue
Wash
Rydzewski
Penford Products
Jeffrey Cook
Penford Corp
Frank
Cook
Denver
Penford
First St. SW
Iowa AG sues to block Smithfield Murphy Farms deal
Iowa Attorney General Tom Miller filed in Humboldt County District Court to halt Smithfield Foods Inc. from acquiring Murphy Family Farms of Rose Hill North Carolina, arguing the deal violates Iowa Corporate Farming act by letting a meat processor control hog production at about 300 Iowa sites. The suit seeks preliminary and permanent injunctions and cites Murphy Farms contracts giving Smithfield too much control over ownership, sourcing, marketing, and hog management decisions.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
Smithfield
Murphy Farms
Tom Miller
Humboldt County
Dakota City
Miller
Smithfield Foods
Murphy Family Farms
Rose Hill
N.C
FDIC proposes higher capital for subprime lenders
The FDIC seeks to double minimum funding for banks with heavy subprime lending amid eight bank failures last year and up to 20 possible failures this year. Chairwoman Donna Tanoue urged more capital for institutions with high subprime loan concentrations as regulators coordinate with the Fed and OCC on a formal public proposal.
MENTIONED IN THIS ARTICLE
U.S
FDIC
Donna Tanoue
Tanoue
The
Federal Reserve and
Office of the Comptroller of the Currency
McLeodUSA sues over deceptive internet remarks
Cedar Rapids based McLeodUSA Inc filed suit in Woodbury County District Court Sioux City against an unknown user posting false and confidential information in a Yahoo chat room using the aliases abdl 23 you love me and dabomb552000 The company cites impact on management and finances and notes Yahoo will not reveal usernames without a court order.
MENTIONED IN THIS ARTICLE
Sioux City
Cedar Rapids
Bruce Tiemann
Yahoo
John Doe
Tiemann
Confidence soars as consumers bullish on economy
New York AP reports the Conference Board index climbs to 144.7 in January, the highest since records began in 1967. Economists credit low unemployment, a booming stock market, and low inflation for a sustained confidence surge fueling spending and the current growth run.
MENTIONED IN THIS ARTICLE
New York
Mark Zandi
Regional Financial Associates
West Chester
Conference Board
U.S
Also Mentioned on This Page
BizFacts
Amount
George C. Ford
R&d
Attorney General
Murphy
Ben and Jerry
Haight and Ashbury
San Francisco
Ben and Jerry’s
Washington
Federal Deposit Insurance Corp
Internet
Ronald L. Gielau
Gielau
Blairs Ferry
Marion
Accounting Services
IRS
Zandi
Gary R. Thayer
A.G. Edwards & Sons Inc
Mamjjasond J
NCAA
Collins Community Credit Union
42Nd St. NE
14Th Ave
1St Avenue
1St Ave
35Th Street
35Th St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!