Stock markets slip as retail sales falter and tech drags
Stocks fell as weak retail sales weighed on the economy and tech shares. The Dow slid 68.73 to 10,171.56 and the Nasdaq dropped 30.76 to 1,935.32 while advancers trailed decliners on the NYSE. A mediator will decide Burger King and Steak n Shake on Angus Steak Burger trademark rights after a federal judge ordered meet by September.
MENTIONED IN THIS ARTICLE
Jeff Kleintop
PNC Financial Services Group
New York Stock Exchange
Burger King
Steak ‘N Shake Co
Steak 'N Shake
U.S
Catherine Perry
Retail sales dip in June as cool weather hits demand
Cool weather and higher gasoline prices cooled consumer spending in June, producing the weakest retail performance in over a year. Wal-Mart and department stores lagged, while Saks Fifth Avenue and Limited Brands beat expectations. Gap fell short despite a later uptick. Labor data showed slower job growth, with first-time claims retreating but payroll gains weaker than forecast.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
J.C. Penney Co. Inc
Neiman Marcus Group Inc
Sakes Inc
Limited Brands
Wal-Mart
Target Corp
Wall Street
Saks
Saks Fifth Avenue
Younkers
Proffitt’s
Penney
Labor Department
Recall of India made toy jewelry over lead poisoning risk
Four import companies recalled 150 million pieces of vending machine toy jewelry after regulators warned some items contain lead. About half the pieces are leaded, but all were recalled to avoid misidentification. Recalled items were made in India. consumer inquiry line: 1 800 441 4234. Mortgage rates fell for a third straight week with 30 year at 6.01 percent and 15 year at 5.42 percent. One year adjustable rate dropped to 4.05 percent.
MENTIONED IN THIS ARTICLE
Consumer Product Safety Commission
India
Freddie Mac
Gazette
News Service
Indictments Go to Top of Enron Case
Indictments reach Kenneth Lay the Enron founder and former chairman and chief executive. Criminal charges accuse him of conspiracy to manipulate Enron's financial reports and of making false and misleading public statements.
MENTIONED IN THIS ARTICLE
Enron
Kenneth Lay
Enron Corp
Top Fastow
Michael Kopper
Enior
Lay
Lay pleads not guilty in Enron fraud case
Former Enron chief Kenneth Lay pleaded not guilty at a federal court hearing after surrendering to the FBI. The indictment adds 11 counts including conspiracy and securities fraud, with a $500,000 bond set and a separate SEC civil action seeking over $90 million in ill gotten gains.
MENTIONED IN THIS ARTICLE
Enron
Jeffrey Skilling
FBI
Jeffrey Richter
Houston
Enron Corp
Kenneth Lay
Lay
U.S
Mary Milloy
Richard Cause. II
Cial
Milloy
Securities and Exchange Commission
Crystal Group lands UK defense contract for 90 rugged computers
The Crystal Group won a contract to supply 90 automatic test equipment computers to Racal Instruments for the U.K. Ministry of Defense Technology Insertion into Legacy Systems program. The ruggedized units will support field repairs of radio and surveillance gear, boosting local employment.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Hiawatha
Crystal Group
U.K
Ministry of Defense
Comy
Crystal
Racal Instruments Group Ltd
England
Nancy Schroeder
Schroeder
Racal
David Arbuckle
Acal Electronics
Acal
Arbuckle
Citigroup aims for quick rebound after Des Moines layoffs
Citi hopes home equity loan demand will speed job rebound after cutting nearly 400 positions in Des Moines following the Principal Financial Group mortgage acquisition. CitiMortgage plans about 150 hires across four units in Des Moines and Citibank Home Equity Lending will add another 250 by mid-2005, rebuilding the former Principal site.
MENTIONED IN THIS ARTICLE
Des Moines
Citi:group
Citigroup
Principal Financial Group
David Schneider
CitiMortgage
St. Louis
Citibank Home Equity Lending Division
Citi Mortgage
Jon Baymiller
Residential Mortgage
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National Westminster Bank
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Arthur Anderson
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Sheila Kahanek
John Forney
Dave Delainey
Glisan Jr
Dan Fastow
Lea
Ben Boyle
Kevin Howard
Michael Krautz
Causey
Andrew Fastow
Arthur Andersen LLP
David Duncan
Fen Hays
Ryan Morris
Larry Sawyer
Broadband Unit
Belden
California
Lavid.dewitte
Gazettecommunications.com
Iowa
Maytag
APAC
Aegon NV
McLeod USA Pt A
Alcoa Inc
McLeod USA A
Ailiant Energy
Mestek
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Caseys Gen Store
Penford Corpna
Ci McKinnon
PepsiCo
Cornci Fed
Procter & Gambie
Deere Co
Qwest Commun
RF Micro Devices
Dillards Inc
Raicorp Holding
Fastenal Co
Fndi New
Feathersite Inc
Rockwell Collins
Fiserv
Genencorinti Inc
Saks Inc
Gen Mills
Sealed Air
Gillette Co
Skyworks Solution
Hini Corp
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
ING Glob RE Incomn
Uld Fire Cas
Intl Paper
US Bancorp
Cmd Keane Inc
US Cellular
Unova Inc
Kohis Corp
Verizon Comm
WalMart
Macc Pry Eat
Marsh & McLennan
Wells Fargo & Co
Weyerhaeuser
Collins Community Credit Union
Ver Gallup
Collins Community Ab Credit Union
Kle Asi
INCUA
Collinscu.org
Wiley
42Nd St
1St Ave
Marion
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