Wall Street gains on triple witching day as indexes edge higher
Stocks rose on Friday supported by inflation hopes and trade data while the Dow gained 38.89 to 10 416.41 the S P 500 added 2.97 and the Nasdaq rose 3.06. The Commerce Department reported a first quarter trade deficit of 1449 billion the largest on record. Collins Aviation Services signed a 10 year spare parts agreement with Mesa Air Group for Canadair Regional Jet 200 aircraft tied to LogisTechs. United Airlines seeks federal loan backstop as bankruptcy moves pause after a board ruling.
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ADM Settles Corn Syrup Price Fixing Suit for 400 Million
ADM will pay 400 million dollars to settle claims it conspired to fix high-fructose corn syrup prices. The agreement, subject to court approval, would affect about 2,700 plaintiffs including Coca-Cola and PepsiCo. The suit arose from a broader antitrust probe linked to other ADM pricing cases.
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Wireless farming to extend Internet access to rural Georgia
In Georgia farms may soon run wireless networks to monitor soil moisture irrigate and feed hogs remotely. University researchers foresee farmwide Wi Fi enabling tractor control and real time data while noting reliability range and safety concerns with robotic tractors.
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Stuart Pocknee
University of Georgia Agricultural Lab
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Pacific Sunwear to Open Cedar Rapids Store at Lindale Mall
Pacific Sunwear a California active casual retailer will open its first Cedar Rapids store this summer at Lindale Mall. The July 2 opening date was confirmed by district manager Jason Cordova. The 4,377 square foot space formerly occupied by The Buckle is under construction.
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Maytag and UAW to Resume Newton Talks on Health Care and Jobs
Maytag Corp and the United Auto Workers agreed to reconvene negotiations over a new contract covering 1,525 Newton production workers. The parties last met June 10 amid a strike by UAW Local 997. key issues include health care costs, job security, and retirement benefits.
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Des Plaines
Ill
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