Stock indexes rise on strong earnings from IBM and Merrill Lynch
Stocks closed higher after Merrill Lynch and IBM beat expectations. The Nasdaq gained 28.31 to 2173.18, the Dow rose 71.57 to 10646.56, and the S&P 500 edged up 8.22 to 1229.35 as advancers led decliners by more than 2 to 1.
MENTIONED IN THIS ARTICLE
Wall Street
Merrill Lynch & Co
International Business Machines Corp
IBM
Steven Goldman
Weeden & Co
Greenwich
Conn
Standard & Poor
New York Stock Exchange
Banks report mixed Q2 results with mixed gains
U S Bancorp posted an 8.1 percent rise in second quarter net income to 1.12 billion and 60 cents per share, with revenue at 3.30 billion. Wells Fargo climbed 11 percent in quarter profit to 1.91 billion on stronger lending and deposits, while Bandag and other firms reported modest gains amid tax adjustments and currency effects.
MENTIONED IN THIS ARTICLE
U.S. Bancorp
Wall Street
Thomson Financial
Bandag Inc
U.S
Wells Fargo & Co
TMONE Targets VOIP Boom With Direct Marketing Push
TMONE, an Iowa City based firm founded by Anthony Marlowe and John Burchett, helps VOIP providers stand out online and via cold calls. The company, now 100 employees, plans a new 200 seat call center in Eastern Iowa and markets to carriers like Vonage and Skype using direct mail and opt in email.
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The
Gazette
Iowa City
Anthony Marlowe
TMONE
Marlowe
Vonage
Skype
Boingo
North Liberty
Iowa
Total Marketing One
John
Burchett
Pay raises average 3.6 percent as inflation climbs
Mercer survey shows average 3.6 percent raise in 2005 with slight rise from 2004. Many workers gain from bonuses and one time rewards as base pay stays tight. The study covers about 1,350 employers and 13 million workers nationwide amid moderating costs.
MENTIONED IN THIS ARTICLE
New York
U.S
Mercer Human Resource Consulting
Conference Board
Mercer’s
Steven Gross
Mercer
US housing starts hold steady in June amid cooling signals
Washington reports that builders started 2.0 million homes and apartments in June at a seasonally adjusted annual rate, unchanged from May. June weakness spreads nationwide except the South, with May starts revised down 1.1 percent, signaling a gradual housing slowdown as mortgage rates hover at low levels.
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Washington
South
Commerce Department
Eco Lips expands with three new organic lip balms
Cedar Rapids based Eco Lips expects to top one million in yearly sales as it adds Bee Free Medicinal and Gold lip balms to its 13 product lineup. Founder Jim King and President Steve Shriver credit hemp seed oil and Iowa soy as key ingredients while targeting Europe Canada and Japan for growth.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Eco Lips
Steve Shriver
Shriver
Jim King
Ecolips
Europe
Canada
Japan
David.dewitte
Gazettecommuninstians
Visa and AmEx cut ties with CardSystems after breach
Visa USA and American Express sever relations with CardSystems Solutions after a data breach exposed 40 million card accounts. Banks must replace CardSystems by Oct 31. CardSystems learned of the breach May 22 and the FBI investigation continues. MasterCard and Visa thefts noted. Discover comments pending.
MENTIONED IN THIS ARTICLE
Boston
Visa USA Inc
American Express Co
CardSystems Solutions Inc
Visa
Rosetta Jones
Foster City
Calif
CardSystems
U.S
American Express
Judy Tenzer
American
FBI
MasterCard
MasterCard International Inc
Credit Card
Card Systems
Discover Financial Services Inc
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