Wall Street falls after big gains as traders take profits
Stocks retreat from a session peak with the Dow shedding 92.59 points to 10,609.92 and the Nasdaq down 37.79 to 2116.04 as investors focus on preserving gains amid strong earnings. Wal Mart opens Decorah Iowa supercenter after a four year dispute and Cargill merges its fertilizer unit with IMC Global. Senator Grassley urges WTO action over Mexico soft drink tax affecting U S corn and syrup producers.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Chuck Grassley
Iowa
Bush Administration
World Trade Organization
Mexico
Grassley
United States
Gazette
News Service
Rockwell Collins posts first quarter earnings jump
Rockwell Collins reports a 41 percent rise in earnings per share to 38 cents for the quarter ending Dec. 31 2003 as net income climbs to 68 million. Sales reach 628 million boosted by NLX acquisition with government and defense programs driving gains.
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The
Gazette
Cedar Rapids
Rockwell Collins
NLX
Rockwell International
Jurors hear opposite tales in Stewart case
The government claims Martha Stewart dumped ImClone stock after a secret tip from Sam Waksal’s trouble with shares, while defense argues the sale followed ordinary broker client practice. Bacanovic and Stewart face multiple counts with potential long prison terms.
MENTIONED IN THIS ARTICLE
Stewart
New York
Martha Stewart
Biotechnology
ImClone Systems
Mexico
ImClone
Sam Waksal
U.S
Karen Patton Seymour
Peter Bacanovic
Seymour
Bacanovic
Ag hearing weighs mad cow trade impact
U S officials seek to avoid broad trade bans after a single mad cow discovery. Ann Veneman testified to the Senate Agriculture Committee amid a ban on cattle blood in feed and fears of lost export markets costing about 200 million dollars. Senator Tom Harkin warned of plant slowdowns and worker layoffs across several states as markets remain uncertain.
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Washington
United States
Agriculture
Ann Veneman
Veneman
Senate Agriculture Committee
Harkin
Deere to hire 500 workers yearly to replace retirees
Deere & Co plans to hire about 300 new workers annually for the next five years at its Quad Cities plants to cover retirements. The effort involves management, United Auto Workers reps, and unionized staff with openings in welding, assembly, and machining.
MENTIONED IN THIS ARTICLE
Davenport
Deere & Co
Quad Cities
United Auto Workers Union
Andre Harrison
John Deere
Moline
Ill
CRST Malone expands service to include van deliveries
CRST Malone of Birmingham expands from flatbed to van and dedicated services to meet growing demand from key customers. Alcoa ships 60 percent flatbed 40 percent van, Ryerson Tull is largest dedicated client with 85 trucks and over 16 350 loads in 2003.
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the Gazette
Crst International
Cedar Rapids
Crst Malone
Birmingham
Ala
Alcoa
Mike Gannon
Cast Malone
Ryerson
Gannon
CRST
Malone Freight Lines
Malone
Cast International
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