Alliant Energy trims Brazil stake value and guides lower
Alliant Energy withdraws earnings guidance for the current year and takes a 50 to 100 million charge after reevaluating its Brazilian assets. The carrying value for Brazil investments is now seen at 225 to 275 million, down from 325 million, with 450 million total invested and 1.7 million customers. The Laguna del Mar resort in Sonora Mexico is to be sold by year end to reduce debt, while China plant investments are being reviewed for value. The company plans to release Q2 results August 5 and maintains 1.80 to 2.00 dollars per share domestic earnings.
MENTIONED IN THIS ARTICLE
Alliant Energy
Alliant
Brazil
Allianz
Laguna del Mar
Sonora
Mexico
Pro
Bill Harvey
China
Markets rally as S&P hits four year high on data
Stocks jump Thursday on a trifecta of good news with strong earnings lower oil and easing inflation. The S&P rose 3.21 points to 1226.50 the Dow gained 71.50 to 10628.89 and the Nasdaq climbed 8.71 to 2152.82.
MENTIONED IN THIS ARTICLE
Standard & Poor
Lincoln Anderson
LPL Financial Services
S&p
Former Qwest CFO pleads guilty to insider trading
Robin Szeliga a former chief financial officer of Qwest Communications admitted in court to selling 10 000 shares of Qwest stock in 2001 for a net profit of 125 000 using nonpublic information. She faces up to 10 years in prison and a 1 million dollar fine with guideline range 15 to 21 months.
MENTIONED IN THIS ARTICLE
Qwest Communications International Inc
Robin Szeliga
Szeliga
Qwest
Mortgage rates rise for second straight week
Freddie Mac reports a second weekly rise in mortgage rates across the country with 30 year fixed rates at 5.66 percent up from 5.62 and 15 year fixed at 5.25 percent from 5.20. one year adjustable rates climb to 4.39 percent from 4.33.
MENTIONED IN THIS ARTICLE
Freddie Mac
Apple posts record quarterly profit on brisk iPod sales
Apple Computer Inc shares climb after reporting best quarterly profit ever as revenue jumps 75 percent. For the fiscal third quarter ended June 25 net income hits 320 million dollars, 37 cents per share, with sales at 3.52 billion dollars.
MENTIONED IN THIS ARTICLE
Apple Computer Inc
Apple
Groundbreaking set for Boyson Square office retail complex
Developers Westwind Properties LLC and Altmann Properties LLC plan a 9.7 acre Boyson Square in Hiawatha. The project will include 46,000 square feet of office space and 44,000 square feet of retail, across 10 buildings with a pond and landscaping. Rezoning was approved 4-1 after agreements to limit certain businesses and add buffers appeased neighbors.
MENTIONED IN THIS ARTICLE
George C. Ford
Tne Gazette
Hiawatha
Boyson
Altmann Design
Ahmann
Boyson Square
Boyson Road
18Th Avenue
June CPI holds steady while retail sales surge
June inflation remained unchanged per the Labor Department amid a broader rise in consumer spending. Energy declines offset by record oil and gas prices. analysts warn energy-driven inflation could reappear. Retail sales jumped 1.7 percent, signaling solid economic recovery.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Ex Downtown Pantry owner backs Cedar Rapids incubator idea
Sherri Becker, former Downtown Pantry owner, applauds Cedar Rapids Downtown Districts Creative Council incubator plan to anchor a small convenience store and pharmacy in the former Osco site. Becker recalls serving lawyers and residents with deli items, gourmet teas, and emergency catering while noting Osco-like services were valued by locals.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Ne Gazette
Sherri Becker
Downtown Pantry
Cedar Rapids
Becker
Third Ave
Creative Council
Incu
Kansas City
Osco
Osco’s
Rosalee
Martin
Geneva Towers
Delta and rivals raise cap on top fares amid fuel costs
Delta Air Lines boosted the cap on one way walk up economy fares to 599 and first class to 699 citing high fuel costs. United and Continental matched the move as rivals study it. Analysts note crude prices rising and expect more carriers to follow.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines Inc
Delta
United Airlines
Continental Airlines
Paul Matsen
Terry Trippler
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