Marketswednesay: Dow slightly falls as GM downgrade weighs
Investors sold blue chips after Bristol-Myers books probe and a GM downgrade. The Dow ends down 11.97 at 8801.53 while the Nasdaq climbs 28.42 to 1374.43. MCP agrees to merge with ADM unit for 2.90 per MCP A shares. Principal Financial joins S&P 500 on July 22. Mortgage rates ease this week with 30-year at 6.54, 15-year at 6.00, 1-year ARM at 1.66.
MENTIONED IN THIS ARTICLE
Bristol-Myers
General Motors
Dow
New York Stock Exchange
Freddie Mac
East Iowa
McLeodusa Inc
ADM
McLeodusa (P
AEGON
Alcoa
Moore
Alliant Energy
Nash Finch
APAC
Pearson
Bandag
Penford Corp
Casey's
Columbus McKinnon
Procter & Gambie
Commercial Federal
Qwest
Deere
Dillard’s
RF Micro Devices
Fastenal Co
Rockwell Collins
Featherlite
Saks Inc
Fiserv
Wo” Genencor
Skyworks
General Mills
Tanger Factory
Gillette
Terex
Heartland Express
Toyota
Union Planters
HON Ing
United Fire
International Paper
Unova
Keane Inc
U.S. Bancorp
Kent’s
US. Cellular
Longview Fibre Verizon
MACC
n/ Wal-Mart
Marsh
Wells Fargo
Maytag
Furniture store expands into Hawkeye Seed site in Cedar Rapids
Jeff Jones Furniture on Consignment buys Hawkeye Seed at 803 Third Ave SE and plans to expand into the adjacent outdoor lawn and garden area. Hawkeye Seed will auction remaining inventory on Aug 3 while the wholesale operation at 900 Second St SE continues. The macaw Herbie will move to a Minnesota bird sanctuary.
MENTIONED IN THIS ARTICLE
Gazette Hawkeye Seed Co
Cedar Rapids
Jeff Jones Furniture
Hawkeye Seed
Third Ave
Tom Machen
Machen
Jeff Jones
Second Ave
Jones
Hawkeye
Jack Jones
Jeff
Herbie
Stillwater
Minn
Midwest Avian Adoption and Rescue Service
Manchester
Second St. SE
LimoLink expands after second financing round and new board
LimeLink, Cedar Rapids online limousine service, completes second funding round led by Westrade of Chicago. New board member Charles Westphal to steer growth. William Barnes cites plans to expand sales force as the company, with 20 staff at 1660 42nd St NE, grows across 650 locations in 100 countries.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids Limo-Link
William Barnes
LimeLink
Westrade
Chicago
Charles Westphal
1660
42Nd St. NE
Westphal
Steven Michalicek
Dominion & Co
Kirk Taylor
Kirk Kaalberg
WorldCom says no dividend on MCI tracking stock
WorldCom will not pay the 60 cent per share dividend on MCI tracking stock as planned, citing cost savings of about 70 million dollars. The move follows weeks of restructuring while the company seeks to repay 30 billion in debt amid bankruptcy concerns.
MENTIONED IN THIS ARTICLE
WorldCom
Jackson
Miss
WorldCom Inc
MCI
Markets wobble as fears of recession grow
Stocks fell amid renewed fears of a slow recovery and fears of a recession. Analysts cited accounting scandals and weak earnings as dampening investor confidence while the Bush administration sought to reassure that Wall Street turmoil will not derail Main Street gains.
MENTIONED IN THIS ARTICLE
The
Gazette
Associated Press
Bush
Wall Street
Main Street
Dow
Mark Zandi
Economy.com
U.S
David Wyss
Standard & Poor’s
Sung Won Sohn
Wells Fargo Bank
Sohn
Weather fuels June retail rebound across big chains
Warm June boosted consumer spending as Wal-Mart Kohl s and Target beat forecasts with higher same store sales and total sales gains. Limited Brands Saks surpassed expectations while Sears JC Penney posted declines or flat results. Department and mall clothing stores remained sluggish but showed improvement.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
Kohl's Corp
Target Corp
Limited Brands Inc
Saks Inc
Wall Street
Wal-Mart
Thomson Financial
First Call
Sears, Roebuck and Co
J.C. Penney Co. Inc
Also Mentioned on This Page
Nasdaq
ACM
Minnesota
Minnesota Corn Processors LLC
Archer Daniels Midland Co
MCP
Principal Financial
S&p 500
Principal Financial Group Inc
Des Moines
Insurance and Financial Services Company
Jeff Hopson
A.G. Edwards & Sons
St. Louis
OciTyune
Iowa City
AP Stockquote
Local
Buzz Orr
Lambs
Cedar Fair
Ann Mente
Tipton
Ann
Bryant
Consignment
Dave DeWitt
LimoLink
Separat
Ing
WorldCom Group
MCI Group
Sung Won
Wells Fargo Economist
Kohl's
Clancy's
LY Men’s Shop
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