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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 20, 2005

Page

16

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.

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.

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.

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.

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.

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.

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.

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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