Wall Street firms on modest gain on solid earnings
Wall Street edged higher as investors focused on strong second quarter earnings and dividend hikes. The Dow rose 43.50 to 10 557.39 and the Nasdaq advanced 0.96 to 2 144.11 amid oil price dips and supplies gains. Sprint and Nextel win shareholder support for a $35 billion merger pending regulatory approvals.
MENTIONED IN THIS ARTICLE
Wall Street
Joe Lisanti
Standard & Poor
the Outlook
New York Stock Exchange
Cedar Rapids incubator to transform Osco space downtown
The District retail incubator aims to revitalize 207 Second Ave SE with a 1500 sq ft pharmacy 500 sq ft convenience store and 5 to 7 starter shops. Supporters plan a $300000 fundraising drive with 2 3 year stays for entrepreneurs and a November opening.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
Osco Drugs
Second Ave
Creative Counsel
Four Oaks
Osco
Matt Cervantes
Cedar Rapids Bank & Trust
Cervantes
Shive-Hattery Inc
Second Avenue
Renee Nelson
Nelson
Jamie Licko
Yum Brands profits rise on international strength
Yum Brands Inc reported second quarter profit up to 187 million dollars or 62 cents a share as international sales strengthened. Revenue rose to 2.15 billion dollars from 2.08 billion. analysts expected 57 cents and 2.15 billion.
MENTIONED IN THIS ARTICLE
Yum Brands Inc
KFC
Pizza Hut
Taco Bell
Thomson Financial
Ex WorldCom chief Ebbers gets 25 years in prison
Bernard Ebbers, former WorldCom chief, was sentenced to 25 years for leading an $11 billion fraud. He wept in court as the judge imposed a punishment seen as the harshest for a corporate executive since Enron.
MENTIONED IN THIS ARTICLE
WorldCom
Bernard Ebbers
Federal Court
Manhattan
Kristie
New York
U.S
Enron
Ebbers
Cedar Rapids WorldCom
Steve Wilson
Global Networks
MCI
Wilson
Trade deficit eases in May on export surge and oil pause
The Commerce Department reports the May trade deficit at 55.3 billion dollars, a 2.7 percent drop from April, driven by record exports. China trade rose with imports of clothing and textiles surging 12.8 percent, while year to date deficits hint at new yearly highs amid volatile oil prices above 60 dollars per barrel.
MENTIONED IN THIS ARTICLE
Department of Energy
New York Mercantile Exchange
London
International Petroleum Exchange
Brent
BPPLC
Washington
U.S
Commerce Department
America
China
Nariman Behravesh
Global Insight
Lexington
Mass
May
Rockwell Collins Wins Boeing Contract for B 1B Displays
Cedar Rapids based Rockwell Collins secures a Boeing contract to supply an 8 by 6 inch multifunction display for the B 1B Threat Situation Awareness Upgrade. The high resolution screen shows flight data and aids in in flight mission planning enhancing crew situational awareness.
MENTIONED IN THIS ARTICLE
Collins
Rockwell Collins Inc
Boeing Co
Cedar Rapids
Rockwell Collins
Boeing
U.S. Air Force
Rockwell International
North American Aircraft
Maytag Shareholder Vote Set On Triton Sale
Maytag Corp. schedules a special shareholders meeting for Aug. 19 to approve the $14 per share cash sale to Triton Acquisition Holding Co. The deal, led by Ripplewood, ends talks with Bain Capital Blackstone and Haier over a higher bid.
MENTIONED IN THIS ARTICLE
Gazette
Maytag Corp
Triton Acquisition Holding Co
Maytag
Ripplewood Holdings LLC
New York
Federal Trade Commission
Triton Acquisition
Bain Capital
Blackstone Group
Haier America
Haier Group
Bain, Blackstone
Haier
Triton
Reuters News Service
Union and Maytag clash over moving Hoover jobs from Ohio
In North Canton Ohio negotiations stall as union leader Jim Repace says Maytag plans end discussions. Maytag confirms a final decision to transfer a production line in early 2006 with 130 to 150 jobs at risk on top of 319 already laid off.
MENTIONED IN THIS ARTICLE
North Canton, Ohio
Hoover Co
Maytag Corp
International Brotherhood of Electrical Workers
Jim Repace
Maytag
North Canton
John Daggett
Repace
Hoover
Stark County
Daggett
Also Mentioned on This Page
Bly
Nasdaq
Shareholders
OK Sprint
Nextel
Sprint Corp
Nextel Communications Inc
Federal Communications Commission
Justice Department
Sprint
C.R
By Dave DeWitte
Brad Thomason
Shive
Hattery
Witte
Gazettarcommunnications.com
Yum Brands
1St Ave
15Th St
the Gazette
John Borghese
Rockwell Collins Display Systems
Triton Sale
George.ford
Nmunications.com
Union
Ohio
East Iowa
APAC
Aegon NV
Mestek
Alcoa Inc
Alliant Energy
Nash Finch
Arch Dan Mid
Pearson PLC
Bandag Inc
Penford Corp
Caseys Gen Store
PepsiCo
Procter & Gamble
Columbus McKinnon
Come! Fed
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Ralcorp Holding
Fiserv
Saks Inc
Gen Mills
Sealed Air
Gillette Co
Skyworks Solution
HMI Corp
Tanger Factory
Terex Co Heartland Exp
Heinz
WalMart
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