Wall Street Mixed as Dow Dips on Hewlett-Packard Warnings
The Dow fell 105.60 to 11,070.24 while the Nasdaq slipped 15.93 to 2,217.73 as investors cashed in after HP cautioned on growth and banking sector weakness. Wells Fargo warned of a 1.05 billion second quarter charge and a 70 million auto loan write off from First Security. Smithfield Foods posted 49 million quarterly profit, surpassing expectations. Bristol-Myers Squibb and DuPont deal talks circulated with potential 7.5 to 8 billion price tag.
MENTIONED IN THIS ARTICLE
Hewlett-Packard
Wall Street
New York Stock Exchange
Fiserv
Quaker Oats
Wells Fargo
Wells Fargo & Co
California
Wells
First Security Corp
Smithfield Foods Inc
U.S
IBP
Smithfield
First Call
Thomson Financial
Bristol-Myers Squibb Co
DuPont
Bristol-Myers
Wall Street Journal
LucentTech
Baak NortelNet
EMC Corp
GemiElec
Jpmorgchse
American Stock Exchange
SPI
Naborsing
Cisco
Oracle
DOW Jones
Chg
WO Ind
Indus
Standard & Poor's
Indust
Wilshire Associates
Maytag to acquire Amana Appliances for 325 million
Maytag confirms plans to buy Amana Appliances refrigeration and microwave units for 325 million in cash and stock from Goodman Global. Dealers expect fewer duplicate lines and stronger Amana presence, with Amana refrigerators possibly sold under the Amana brand and added Amana microwaves to Maytag. Local dealers foresee improved product variety and regional employment stability.
MENTIONED IN THIS ARTICLE
Maytag
Amana Appliances
Goodman Global Holding Co
Amana
Pat Foster
Foster Maytag Home Appliance Center
Iowa City
Foster
Smulekoffs
Cedar Rapids
Kalona
Abbott Lipsky
Iowa
Landon Veady
Midwest
Wendy
Wareco stations to Clark as Illinois firm expands brand
Clark Retail Enterprises of Oak Brook Illinois is converting 78 Wareco stations in Iowa Illinois Missouri and Indiana to Clark branded outlets after acquiring Wareco Service Inc. in January The network includes 1300 sites overall with company and branded stores plus White Hen Pantry locations in Chicago and Boston The Cedar Rapids Wareco at 502 E Ave NW has already become Clark.
MENTIONED IN THIS ARTICLE
Maytag
Amana
Cherryl Bartunek
Bartunek
Cedar Rapids
Dave Craig
Craig
Center Point
Leonard Hadley
Hadley
George C. Ford
Iowa
Illinois
Clark Retail Enterprises Inc
Oak Brook
Ill
Wareco
Wareco Service Inc
Jacksonville
E Ave. NW
Clark
Chicago
Boston
Mass
Clark Retail Enterprises
E Avenue
Heinz to Buy Borden Food Brands in Pasta Sauce Soup Sale
Heinz Co. announced it will acquire Borden Foods Corp. pasta sauce dry bouillon and soup units for an undisclosed price. The brands Classico Aunt Millie’s and Wyler’s form the portfolio, with plants in Illinois and New Jersey and over 350 employees offered continued employment. The businesses generate more than 270 million dollars in annual sales.
MENTIONED IN THIS ARTICLE
Pittsburgh
Hd. Heinz Co
Borden Foods Corp
Aunt Millie
Wyler
Illinois
New Jersey
Borden
Heinz
Vulnerable USDA Crop Data Flagged in Audit
The audit by the Office of Inspector General finds NASS computer security weak with 71 high and medium risks, risking integrity and confidentiality of crop forecasts used by traders and farmers. NASS denies evidence of a hack and notes long standing policy violations since 1997.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Chicago
National Agricultural Statistics Service
NASS
US Department of Agriculture
Agriculture Department
Office of Inspector General
Secu
Onty
Jack Nealon
Office of the Inspector General
Nealon
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Djia
BizFacts
Central
David deWitte
Davidd
Missouri
Indiana
Inwnn Andnman
Burlington, Clinton
Dubuque, Mason City
Muscatine and
Waterloo
Burlington
Clinton
Dubuque
Mason City
Muscatine
Phillips 66
Citgo
Taco Bell
Orion Food Systems
Hot Stuff Pizza
Smash Hit Sabs
George Ford
Georgef
Gazette
Kelly Etzel
Amex
NMS Indi
New York
New York Life
Personal Insurance and
Nylife Securities Inc
NAS
Madison Avenue
Larry Stolte
CPA/PFS
CMC
CMA
MBA
Agen New York Life Insurance Company
New York Life Insurance Company
River Center Court
Gstolte
Newyorklife
Newyorklife.com
Nylife
USDA
Commercial Federal
FDIC
Williams Blvd
First Avenue
Edgewood Rd
Seventh Avenue
Marion
Mt. Vernon Road
Johnson Avenue
Comfedbank.com
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