Market Mixed as Dow Gains and Tech Sags After Downgrades
An analyst downgrade of semiconductors weighed on technology shares while large caps rallied late and the Dow rose to 10 238 22. The Nasdaq fell to 1936 92 as advancers slightly outpaced decliners on the NYSE. EU ministers backed a global trade plan with US concessions on farm support discussed. Piper Jaffray faced a 2 4 million NASD fine for IPO spinning involving client executives and issuer profits totaling 16 million.
MENTIONED IN THIS ARTICLE
Todd Leone
Equity
SG Cowen Securities
Dow Jones
New York Stock Exchange
European Union
United States
Pascal Lamy
Paris
Lamy
Piper Jaffray & Co
Piper Jaffray
National Association of Securities Dealers
Treasury Bill Auction Sees Mixed Rates This Week
The Treasury sold 18 billion in three month bills at 1.315 percent, down from 1.320 percent, and 16 billion in six month bills at 1.630 percent, unchanged. The implied yields are 1.336 percent for three months and 1.666 percent for six months. Gazette reports.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
News Service
Leucadia Eyes MCI Purchase in Bid for Control
Leucadia National Corp seeks trust clearance to buy more than 50 percent of MCI Inc for about 2.8 billion dollars. MCI shares rose as the company notified regulators of its intent to pursue a majority stake, while observers debate potential bidders and regulatory hurdles.
MENTIONED IN THIS ARTICLE
NEW York
MCI Inc
Leucadia National Corp
MCI
Federal Trade Commission
Department of Justice
Peter Lucht
Leucadia
Donna Moshe
John Ryan
RHK
At&t Corp
Romeo Reyes
Jefferies & Co
Wall Street Journal
Sprint Corp
SBC Communications Inc
BellSouth Corp
Blaylock & Partners
Rick Black
A_ regional Bell
Lea Fastow Begins Yearlong Tax Case Sentence
Lea Fastow, wife of Enron financier Andrew Fastow, reported to a Houston federal detention center for a yearlong misdemeanor tax sentence. She entered prison with family support nearby, while her husband awaits cooperation-driven proceedings in a related case.
MENTIONED IN THIS ARTICLE
AP Lea Fastow
Michael
Jack Weingarten
Federal Detention Center
Houston
Enron
Andrew Fastow
Exec
Lea Fastow
Enron Corp
Enron Finance
Federal
DeGeurin
Kenneth Lay
Jeffrey Skilling
Federal Bureau of Prisons
Bryan
U.S
David Hittner
Prisons Bureau
Fastows
Cedar Rapids sees 54 percent surge in construction in first half 2004
Cedar Rapids Mayor Paul Pate touted a booming economy at a City Hall briefing. Building permits show new construction values rose from 32.13 million in 2003 to 49.68 million in the first half of 2004, with big gains in condominium and multifamily housing and a 50 million yeast plant near ADM.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Paul Pate
Pate
Red Star Yeast LLC
ADM Corn Sweeteners
Morgan Stanley to pay 54 million in sex bias settlement
Morgan Stanley will pay 54 million dollars to settle widespread sex discrimination claims. The EEOC led the case with Allison Schieffelin claiming denial of promotions. Schieffelin receives 12 million, 40 million goes to other claimants, plus 2 million for diversity training and anti harassment programs.
MENTIONED IN THIS ARTICLE
Morgan Stanley
New York
Wall Street
Equal Employment Opportunity Commission
Allison Schieffelin
Schieffelin
The
EEOC
Pier 1 to Open Second Cedar Rapids Store This Fall
Pier 1 Imports announces a second Cedar Rapids store at Collins Road Square opening mid to late October in 10 800 square feet, leasing space formerly Phar Mor. The move places it near Bed Bath and Beyond at 4840 First Ave SE and follows 2425 Wiley Blvd SW location opened in 1993. The Collins Road site fills part of a large Phar Mor space. 29 000 square feet remains leased by others. Pier 1 aims to add about 100 new stores this year despite earlier earnings misses and stock declines.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
Pier 1 Imports
Collins Road Square
Phar-Mor
Misty Otto
Pier 1
Westdale Mall
Bed Bath and Beyond
First Ave
Wiley Blvd
Wiley Boulevard
Otto
Davis Realty
Des Moines
Davis
Denver Mattress Co
Collins Road Theaters
Carmike
Rise in terminations over email policy violations
A San Francisco report shows 25 percent of companies fired workers for email policy violations, up from 22 percent last year, with 20 percent facing subpoenas for emails and 13 percent sued over employee messages. The trend notes emails and instant messages as courtroom factors in workplace lawsuits.
MENTIONED IN THIS ARTICLE
San Francisco
Nancy Flynn
The
ePolicy Institute
Columbus
Ohio
Flynn
Also Mentioned on This Page
DOW
Nasdaq
SciTyme
Slowa City
AP Stockquote
Leucadia National Eyes
MCI Interest
WorldCom
WilTel
Williams Communications Group
Mike DeGeurin
Skilling
Lay
Richard Causey
C.R
Touts
James Q. Lynch
Orames. Lynch
Gazettecommunications.com
G.R
By Dave DeWitte
Dewitte
Sylvia Brim
CPA
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