Stocks rise on retail data as Fed rate hold eyed
The Dow gained 57.63 to 10,621.84 and the Nasdaq rose 83.15 to 3,851.06 as investors priced in a slowing economy that could convince the Fed to hold rates. NYSE volume reached 910.81 million shares with 25 Eastern Iowa stocks up and 19 down. RF Micro Devices up 6.75 to 119.50, Wal-Mart 2.25 higher to 55, McLeodUSA 2 to 23.06, Quaker Oats 1.56 to 72.44, Sealed Air -1.62 to 53.69, Conexant -1.50 to 42.50.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York Stock Exchange
Iowa
Wal-Mart
McLeodusa
Quaker Oats
Conexant
Maytag dodges Electrolux takeover rumor comment
Maytag Corp declined to comment on market rumors of a takeover by AB Electrolux and on stock moves. A Maytag spokesman said the rumor has circulated for weeks and stock chatter is not addressed. Maytag shares rose 4.44 to 39 on the NYSE.
MENTIONED IN THIS ARTICLE
Maytag Corp
AB Electrolux
Electrolux
James Powell
Maytag
Powell
Reuters
New York Stock Exchange
Appeals court agrees to hear Microsoft's antitrust appeal
The U S Circuit Court of Appeals agreed to hear Microsoft’s appeal of the breakup order in its antitrust case. The panel will consist of seven judges after disqualifications, as the court said the matter is of exceptional importance and direct Supreme Court involvement may be pursued. The decision followed Nasdaq trading as regulatory maneuvers unfolded.
MENTIONED IN THIS ARTICLE
Washington
U.S. Circuit Court of Appeals
Microsoft
U.S
Thomas Penfield Jackson
Circuit Court
Supreme Court
Court of Appeals
Jackson
Crude oil surges as OPEC doubts threaten prices
Prices for crude oil rise to three month highs amid uncertainty over OPEC production, with the White House pressing oil producers to ease gas prices. July crude climbs to $32.56 a barrel on the NYME after hitting $32.85, while July unleaded futures reach $1.0622.
MENTIONED IN THIS ARTICLE
OPEC
White House
New York Mercantile Exchange
AEGON Partners With Cedar Rapids Barbecue Roundup for Mini Job Fair
The 13th Annual Barbecue Roundup in downtown Cedar Rapids June 22 to 25 will feature an AEGON USA mini job fair at the event. The company will host interviews at its booth from 11 am to 6 pm on June 22, offering the first 250 qualified applicants complimentary admission.
MENTIONED IN THIS ARTICLE
Joe Drakozal
Priority One
Tammy Koolbeck
Five Seasons Center
AEGON
Theatre
Cedar Rapids
Wendy Murray
Aegon Human Resources Department
SEC orders decimal stock trading by April 2001
The SEC mandates all stocks on U.S. exchanges be quoted in dollars and cents by next April, aiming to reduce investor costs. NYSE and Nasdaq start decimal trading pilots on Sept. 5 with 50 stocks and an unspecified number respectively, in a shift the regulators say will boost market competitiveness and cut commissions.
MENTIONED IN THIS ARTICLE
SEC
Washington
U.S
New York Stock Exchange
NYSE
Richard Grasso
Securities and Exchange Commission
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Ely
Elmo
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Collins Community Credit Union
42Nd St
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