Wall Street Edges Higher After CPI Fueled Fed Pause Hints
Wall Street posted small gains as investors weighed a rise in consumer prices that cooled expectations for an aggressive Fed rate cut. The Dow gained 4.06 to 9,323.02 and the Nasdaq rose 1.86 to 1,668.44 as decliners outpaced advancers on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Fed
Dennis Ferro
Evergreen Investments
Dow Jones
New York Stock Exchange
Farm Progress Show returns to Alleman in 2004
Farm Progress Companies announced the 2004 Farm Progress Show will be held Aug 31 to Sep 2 at Alleman, returning to the 2002 site. The event will use multiple area farms including Hol land, Lande, Stall, and Tweet families located near I-35. Dates moved a month earlier to avoid peak harvest.
MENTIONED IN THIS ARTICLE
Farm Progress Companies
Alleman
Jack and
Steve Holland
Harold Lande
Dean
Ray
del Stall
Steve
Todd
Interstate 35
WorldCom earnings rise in April despite revenue dip
WorldCom reported 114 million in April operating earnings up from 84 million in March though revenue fell to 2.05 billion from 2.10 billion. One time Chapter 11 costs totaled 117 million in April versus 48 million in March, affecting reported earnings.
MENTIONED IN THIS ARTICLE
WorldCom
U.S
New York
Regional Hiring Outlook Improves In Iowa Markets
Eastern Iowa employers expect a brisk hiring pace in the next quarter, bucking national trends. In Cedar Rapids 37 percent plan to hire, 3 percent expect reductions, 60 percent see no change. Iowa City shows 17 percent adding, 7 percent laying off, 76 percent stable. The Manpower survey cites construction, manufacturing, wholesale trade, finance, real estate, and education as growth areas while services offset with proposed cuts.
MENTIONED IN THIS ARTICLE
George C. Ford
the Gazette
Iowa
Manpower Inc
Cedar Rapids
John Gavin Jr
Iowa City
Gavin
Jeffrey Joerres
Manpower
Patrick Anderson
Anderson Economic Group
Lansing
Mich
Consumer prices steady and industry boosts production
Washington reports May consumer prices unchanged helping deflation fears. Factory, mining, and utility output rose 0.1 percent after declines, hinting at a possible industry recovery. Housing starts climbed 6.1 percent to 1.73 million annual pace despite rain, signaling late year momentum.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
CPI
Mark Witner
Wachovia
Federal Reserve
Commerce Department
Fed set to cut rates to 41-year low 1.25 percent
The central bank aims to lower rates by at least 0.25 point at its next meeting to energize the economy and ward off deflation threats. The move would reduce the federal funds rate to 1.25 percent, a 41-year low.
MENTIONED IN THIS ARTICLE
Fed
Home Depot Wins GSA Schedule Contract For 5 Billion Market
Atlanta based Home Depot secured a General Services Administration schedule contract effective July 1 enabling government agencies and workers with purchase cards to buy thousands of items. The company expects growth but did not disclose additional annual revenue. The move follows a prior policy reversal on selling to the government and positions Home Depot as a major bulk supplier for construction and maintenance needs.
MENTIONED IN THIS ARTICLE
Atlanta
Home Depot
General Services Administration
Jim Stoddart
Stoddart
Uncle Sam
Maintenance Warehouse
GSA
Rockwell Collins to supply avionics for Boeing 767 tanker
Rockwell Collins announces a roughly 260 million, 10 year deal to develop, produce, and integrate avionics for Boeing’s 767 Tanker Transport. The contract covers communications, navigation, cockpit modifications, and Field engineering via Collins Aviation Services.
MENTIONED IN THIS ARTICLE
the Gazette
Boeing Aerospace
Rockwell Collins
Collins Aviation Services
Boeing
Greg Churchill
U.S. Air Force
Small SUVs Poor in Side-Impact Tests
Insurance Institute side impact tests show most small sport-utility vehicles score poorly. Only two of fourteen tested receive the top good rating. Subaru Forester and Ford Escape with side air bags earn good and acceptable ratings respectively, while models like Mitsubishi Outlander fare worst without airbags. General Motors says it added the institute tests to its regimen.
MENTIONED IN THIS ARTICLE
Washington
Insurance Institute For Highway Safety
General Motors Corp
Insurance Institute
Subaru Forester
Also Mentioned on This Page
Nasdaq
UAW
United Auto Workers
Ron Gettelfinger
Detroit
Ford Motor Co
DaimlerChrysler AG
Chrysler Group
Gazette
News Service
SciTyme
Ncinten
S. Negional
The
Associated Press
Seoul
Chohung Bank
Shin Han Bank
Federal Reserve Board
Vuliche Onemor
Department of Commerce
By Dave DeWitte
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