Stocks rise as Fed holds rates amid inflation warning
U S markets advance with the Dow up 23.33 and Nasdaq up 81.38 as the Fed keeps rates unchanged and signals lingering inflation risk. Tech and financials led gains while some sectors lagged. Iowa stock notes contrasted with a Berkshire Association shift to Indiana due to pseudorabies fears affecting hog herds statewide.
MENTIONED IN THIS ARTICLE
Federal Reserve
Central Bank
New York Stock Exchange
Iowa
WorldCom
Penford
Fiserv
National Computer Systems
RF Micro
Maytag
Heinz
McLeodusa
American Berkshire Association
Indiana
Spencer
Lafayette
Ind
Merrill Smith
Berkshire
FedEx Q4 earnings rise 16 percent on higher shipments
FedEx earned 245 million dollars in the quarter ending May 31, 85 cents a share, up from 221 million and 73 cents a year earlier. Revenue rose 11 percent to 4.9 billion. For the year, FedEx posted 688 million dollars, 2.32 a share, on 18.3 billion in revenue, up from 631 million and 2.10 as revenue climbed 9 percent.
MENTIONED IN THIS ARTICLE
Federal Express
First Call
Thomson Financial
FedEx
Gasoline prices retreat and toy recall announced
Gasoline futures fell after reports of higher supplies with July unleaded down to 1.0344 a gallon and inventories rising. Natural gas also declined as storage injections were reported. A Dallas company recalls 103000 spinning ride toys due to risk of breakage with 1427 reports and five injuries. consumers urged to return toys for a free replacement.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Nymex
Department of Energy
American Petroleum Institute
American Gas Association
Texas
Kids
Dallas
Consumer Product Safety Commission
Toy and Discount Department
Treasury two year notes slide to yearly low
Yields on two year Treasury notes fell to 6.483 percent at Wednesday’s auction from 6.749 percent on May 24. The coupon is 6 percent with a $9,980 price per $10,000 face value. Total bids reached $27 billion for $10 billion in notes sold.
MENTIONED IN THIS ARTICLE
Treasury
Fed leaves rates unchanged amid slowdown signals
The Federal Reserve held rates steady citing tentative signs of slower growth while leaving open the possibility of further increases, possibly by August if inflation pressures rise. Wall Street reacted with limited movement as investors weighed a potential rate hike and a nine year high prime rate of 9.5 percent.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
Allen Sinai
Report Finds airline service improving but complaints rise
Federal inspectors say the airline industry shows effort to improve customer service yet overall results are mixed. Complaints, especially about delays, surged 74 percent in the first four months of 2000 from a year earlier, partly due to new online filing, with 24 hour cancellation promises and luggage recovery timelines highlighted.
MENTIONED IN THIS ARTICLE
Washington
Transportation Department
Department
Congress
EU rejects WorldCom Sprint merger
The European Union formally rejects the WorldCom and Sprint merger after the U S Justice Department moves to block it. Mario Monti says the deal remains legally binding and not yet canceled, while WorldCom and Sprint consider options to proceed or withdraw.
MENTIONED IN THIS ARTICLE
Washington
European Union
WorldCom Inc
Sprint Corp
Justice Department
United States
Mario Monti
European Commission
Commission
Reno
At&t
Baby Bells
Gannett to buy Central Newspapers for 2.6 billion
Gannett Co. will acquire Central Newspapers Inc. owner of The Arizona Republic and The Indianapolis Star for 2.6 billion dollars. The deal ends a family dynasty dating to Eugene C Pulliam and broadens Gannett’s nationwide newspaper holdings amid a wave of mergers in the industry.
MENTIONED IN THIS ARTICLE
Phoenix
Gannett Co
USA Today
Central Newspapers Inc
Arizona Republic
Indianapolis Star
Gannett
Tribune Co
Times Mirror Co
Los Angeles Times
Central
Eugene C. Pulliam
Central Newspapers
New York Stock Exchange
Arlington
Des Moines Register
Iowa City Press-Citizen
Thomson Corp
Louisiana
Maryland
Ohio
Wisconsin
Utah
Grain and soybean futures slide on CBOT trading day
Chicago market notes soybeans mixed with July down sharply on profit taking and a weak crush report from the Census Bureau. Corn and wheat fall as weather forecasts ease drought fears and harvest conditions improve. July prices show declines across corn, oats and soybeans.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
U.S. Census Bureau
Also Mentioned on This Page
Treasury Note
BizFacts
Atti
Commerce
TV of the Future
Wall Street
V. Wara
Econofoods
Stefanie Crowns
Hannah Meyer
Kelly Meyer
Cedar Rapids
Kids Korner
Edgewood Rd
Westwood Plaza
Westdale Mail
Federal
Sprint
Wn Compine
Janet Reno
U.S
Blairs Ferry Rd
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!