Wall Street ends week with solid 2 percent gain
Stocks rose for the week led by gains in technology shares after AMD and Microsoft results. Caterpillar fell nearly 6 percent on weak second quarter results, while the Dow slipped 43 points to 12,681 and the Nasdaq rose 0.9 percent to 2,589. Clearest: Cedar Rapids firm Circle Computer Resources buys Iowa City based Cramer IT in a deal disclosed by Josh Cramer.
MENTIONED IN THIS ARTICLE
New York
Caterpillar
Advanced Micro Devices
Microsoft
Standard & Poor
Cedar Rapids
Circle Computer Resources of
Cramer IT
Iowa City
Josh Cramer
Cramer
Circle Computer Resources
Rockwell Collins Q3 profits rise but miss analysts
Rockwell Collins reported an 11 percent rise in profits for the third quarter of its fiscal year, with earnings at $1.01 per share, up 12 cents from the prior year but three cents below Wall Street forecasts. The company now forecasts full-year earnings of $4.00 to $4.10 per share and sales of $4.8 to $4.85 billion.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Rockwell Collins
Wall Street
Apple in talks to bid for Hulu streaming service
Apple Inc could bid for Hulu as part of a potential deal discussed by a source familiar with the matter. Google was also named among about a dozen possible buyers, with Yahoo among the other firms considered. Hulu streams films and TV from various broadcasters, and a Hulu acquisition would strengthen Apple’s iTunes ecosystem.
MENTIONED IN THIS ARTICLE
San Francisco
Apple Inc
Hulu
Google Inc
Yahoo Inc
Apple
Galleria brings hotels and eateries to Coralville development
The Coral Galleria project in Coralville plans a 103 room Residence Inn by Marriott led by Hawkeye Hotels of Burlington. Two or more hotels, several restaurants and retail will follow on a 16 acre site south of Coral Ridge Mall contingent on city approval. Completion expected late 2012 with eight parcels planned and buildout over two years.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Coralville
Marriott
Coral Ridge Mall
Coral Galleria
Darryl High
Cedar Rapids
Coral Ridge Avenue
Hawkeye
Ravi Patel
Hawkeye Hotels
Iowa City
Patel
ACT
Procter & Gamble
University of Iowa
Residence Inn
High Said
High
Costco
Heartland Drive
Battery race aims for longer range in electric cars
Experts say consumers balk at limited range and high costs until a higher density lithium ion battery enables 300 miles per charge. Researchers at Berkeley Lab and industry leaders warn trade offs persist between range, safety and price as Asia bolsters next generation tech.
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Dana Hull
Rose
Mercury News
Jose
Calif
Asia
United States
Department of Energy
San Francisco Bay Area
Palo Alto
Venkat
Mumin Rao
Lawrence Berkeley National Lab
Srinivasan
Advanced Transportation Technologies
Berkeley Lab
Michael Omotoso
J.D. Power and Associates
U.S. government exits Chrysler stake in Fiat deal
The Treasury closes the sale of its Chrysler stake to Fiat for 500 million dollars. Fiat now owns 53.5 percent of Chrysler, while a UAW retirement trust holds 46.5 percent. The move completes a 11.2 billion recovery of the 12.5 billion rescue and ends a decade long government intervention.
MENTIONED IN THIS ARTICLE
U.S
Chrysler Rescue
Fiat
Peter Whoriskey
Washington Post
Washington
Treasury Department
Chrysler
Detroit
Treasury
United Auto Workers
Also Mentioned on This Page
Circle Computer
Rockwell
Miss Street
Associated Press
the Gazette
Galleria
David.dewitte
Sourcemedia
Renault-Nissan
Carlos Ghosn
Stanford University
Gary Reyes
San Jose Mercury News
Jaroslaw Syzdek
Berkeley
Tim Massad
Bush
Obama
Vonmor
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