Market News Boosts Stocks as Inflation Fears Ease
The Dow rose 24.04 to 10,812.75 and the Nasdaq gained 71.32 to 4,246.18 while investors brushed off a tobacco ruling. Rockwell jumped 9.69 percent to 37.50 after strong third quarter earnings. RF Micro Devices fell to 88.56. GE posted a 20 percent earnings gain to 3.38 billion with revenues up 20 percent to 32.86 billion.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Rockwell
Rockwell International Corp
Europe
Canada
Asia
First Call Corp
Rockwell Collins
Cedar Rapids
General Electric Co
Wall Street
First Call
Thomson Financial
GE Capital Services
GE Capital
Warren Buffett to undergo colon polyp surgery
Warren Buffett plans to have surgery to remove several noncancerous colon polyps. Berkshire Hathaway announced the Wednesday procedure at an unnamed local hospital and said he will stay several days before returning to work. He is in good health aside from the polyps.
MENTIONED IN THIS ARTICLE
Warren Buffett
Berkshire Hathaway Inc
Buffett
Berkshire
Nuclear plant review flags few safety issues at DAEC
At the DAEC Training Center Iowa's sole nuclear plant supplies power to about 200 000 homes. NRC official Melvyn Leach reports no significant problems in reactor safety or safeguards though one earlier reactor trip tied to human performance was noted. Plant personnel will transfer to NMC on Jan 1 with ownership split among Alliant Energy IES CIPCO and Corn Belt Cooperative.
MENTIONED IN THIS ARTICLE
DAEC
Iowa
Melvyn Leach
NRC
Leach
Alliant Energy
NMC
Alliant Energy-Ies
CIPCO
Corn Belt Cooperative
The
Nuclear Management Co
Northern States Power
Wisconsin Energy
WPS Resources
Midwest
WPS
Beuthien shines at Cedar County Fair sheep events
Amanda Beuthien of London excels in sheep at Cedar County Fair in Tipton earning champion purebred ewe, reserve champion purebred ewe and reserve champion pair of breeding ewes plus senior showmanship. She faces a steer loss but plans for 4 H Share a Heifer program benefiting from the sale and future milk cow. The fair runs through Sunday with a draft horse pull, Grand River Rodeo, Demo Derby and $5 admission.
MENTIONED IN THIS ARTICLE
Blaze
Beathien
Beuthien
14 year Sycamore Mall shop to close in August
Antique Christmas Shop at Sycamore Mall will close August 2 after 14 years as rent increases prompt owner Judy Ball to liquidate stock of quilts china glassware and books. Mall officials say new ownership aims to attract more tenants and sustain occupancy. Ball declined temporary space or a new lease.
MENTIONED IN THIS ARTICLE
Adam Lowenstein
Canzette
Iowa City
Sycamore Mall
Judy Ball
Ball
Walgreens
Gerry Ambrose
Ambrose
Lindale Mall to Add ThreeNew Stores This Fall
Lindale Mall will welcome three new stores as the Christmas season approaches. Brains Fashions will open a C J Banks women’s clothing shop in September, serving the large size market. Hot Topic and Chips Connection also plan openings within two weeks, Tim Schwartz says.
MENTIONED IN THIS ARTICLE
Connection Women’s Apparel
Tim Schwartz
C.J. Banks
Midwest
Pomona
Calif
Hot Topic
Chips Connection
Family Video backs out of Tower Place deal
Family Video has pulled out of a potential deal to open a store in Tower Place and Parking in Iowa City leaving four vacancies in the new retail facility. The chain cited risk in the small 3 300 square foot space and limited parking while noting plans for six to ten stores nationwide in the coming year. Iowa City official Joe Fowler said remaining spaces may still be filled and expressed cautious optimism.
MENTIONED IN THIS ARTICLE
Adam Lowenstein Lazetts
Iowa City
Family Video
Tower Place
Bill Solomon
Iowa
Bettendorf
Davenport
Solomon
Cedar Rapids
Joe Fowler
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Djia
BizFacts
Polic
Ov, Ny
Januna Partne Sar
TRE
Palo Plant Review
Bruce Lacy
Perfor
Cedar County
Gazette
Marlene Lucas
Lindale Mall
Chad D. Andrews
Southgate Avenue
Iown City
Edwardjones.com
Edward Jones
Indivioni
Olling
Dle As
42Nd St
Southwest Branch
14Th Ave
1St Avenue
1St Ave. SE
35Th Street
35Th St
Marion
NCAA
Linn County
First Federal Community Credit Union
First Avenue
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