Wall Street Ends Lower Amid Oil Swings and Xerox Brows
Wall Street wavered before closing lower as Xerox earnings disappointed and housing prices rose. Oil futures edged up to 59.00 a barrel on the Nymex, with the Dow down 54.70 to 10,596.48, the S&P 500 off 4.65 to 1,229.03, and the Nasdaq retreating 13.00 to 2,166.74 as declines exceeded advances.
MENTIONED IN THIS ARTICLE
Wall Street
Xerox Corp
New York Mercantile Exchange
Standard & Poor
Labor Rift Could Hurt Movement Says Hawkeye Leader
Hawkeye Labor Council president Justin Shields warns the split within the labor movement risks weakening efforts unless resolved. SEIU and Teamsters pulled from AFL-CIO meeting in Chicago forming Change to Win, while vows to continue local council involvement and support for union unity amid a historic rift.
MENTIONED IN THIS ARTICLE
Ine Gazette
Labor Movement
Hawkeye Labor Council
Justin Shields
Service Employees International Union
Teamsters Union
Afl-Cio
Chicago
Change To Win Coalition
Shields
Quaker
Samuel Gompers
American Federation of
Labor
John Sweeney
Sweeney
America
Hawkeye
SEIU
Cedar Rapids
Teamsters
James Hoffa
CIO
AFL
New June passenger record at Eastern Iowa Airport
June brought a new passenger record at The Eastern Iowa Airport with 90 271 travelers in or out, surpassing the 85 482 mark set in 2000. Airport Director Dan Mann credits strong regional use and support as demand nears record levels and signals future airline improvements.
MENTIONED IN THIS ARTICLE
Eastern
Iowa
Dan Mann
Mann
Heartland Financial reports quarterly earnings rise on loans
Heartland Financial USA Inc of Dubuque posts second fiscal quarter earnings of 32 cents a share, up 10.3 percent, with net income of $5.4 million, up 17.4 percent. Acquisition impact from Rocky Mountain Bank adds $527,000 to Q2 2005, while three month T bills auctioned at 3.345 percent and six month bills at 3.540 percent.
MENTIONED IN THIS ARTICLE
Heartland Financial USA Inc
Dubuque
Heartland Financial
Rocky Mountain Bank
Treasury
Treasury Department
Whirlpool reviews Maytag offer amid mixed reception
Whirlpool Corp faces a cautious response from Maytag as it weighs an 18 per share bid. Maytag notes the higher offer but seeks more information on timing, form of payment, and regulatory closing risks before proceeding. Fettig says antitrust concerns are resolved, while Maytag analyzes the move.
MENTIONED IN THIS ARTICLE
DES Moines
Whirlpool Corp
Maytag Corp
Laura Champine
Morgan, Keegan & Co
Maytag
Whirlpool
Triton
John Daggett
Stephen Duthie
Champine
Jeff Fettig
Benton Harbor
Trion
Fettig
Iowa crops need rain and cooler weather statewide
Gov. Vilsack asks USDA to assess drought damage in 20 eastern Iowa counties as rainfall remains uneven. Northeast Iowa saw 6 to 10 inches Sunday while western regions report adequate moisture. farmers warn corn is deteriorating with forecasts for limited improvement.
MENTIONED IN THIS ARTICLE
Sarah Strandberg
Upper
Iowa
Decorah
Winneshiek County
Marlene Lucasne
Iowa Agricultural Statistics
Tom Vilsack
U.S. Department of Agriculture Farm Service Agency
Benton
Cedar
Clinton
Davis
Des Moines
Henry
Jackson
Jefferson
Johnson
Jones
Keokuk
Lee
Linn
Louisa
Muscatine
Scott
van Buren
Wapello
Washington
John Forbes
Conesville
Cedar Rapids
Iowa City
United Fire reports strong second-quarter earnings
Cedar Rapids insurer United Fire & Casualty Co. reported $26.9 million net income in the June quarter, or $1.08 per share, up from $20.1 million last year. Revenues totaled $155.6 million, with limited catastrophe losses from Cindy, Dennis, and Emily. President CEO John Rife praised the results and premium growth.
MENTIONED IN THIS ARTICLE
Udde
Cedar Rapids
United Fire & Casualty Co
Gulf of Mexico
United Fire
Cindy
Dennis
Emily
John Rife
Midwest Metal Workers vote to decertify union in Cedar Rapids
In Cedar Rapids Midwest Metal Products employees voted 35 to 30 to decertify from the International Association of Machinists and Aerospace Workers. The four challenged ballots did not change the outcome, and IAM representatives warned workers could seek to unionize again if issues remain unaddressed.
MENTIONED IN THIS ARTICLE
Ine Gazette
Midwest Metal Products
Cedar Rapids
International Association of Machinists and Aerospace Workers
National Labor Relations Board
Electivi
Kevin Urban
IAM
Joe Ironside
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