Stocks rally as investors shift on rates and GE deal
Stocks closed higher as the Dow gained 131.37 to 10,566.21 and the Nasdaq added 50.72 to 2,125.46 after a rate cut rethink. Eastern Iowa movers included Kohl's, United Fire, Heartland Express, Fiserv, RF Micro Devices, and Mestek.EU regulators rejected GE's Honeywell bid offer, clearing the way to block the deal at the next meeting with a July 12 decision deadline.
MENTIONED IN THIS ARTICLE
Microsoft
New York Stock Exchange
Iowa
Kohl’s
United Fire
Heartland Express
Fiserv
Mestek
European Union
General Electric Co
Honeywell International
European Commission
Louise Binns
Commission
Flight Attendants Resume Negotiations With Mediation Aid
American Airlines and its flight attendants resumed talks under federal mediators after two years without a deal. A potential Saturday strike was averted when President Bush offered to impose a 60 day cooling off period and convene an emergency board if needed.
MENTIONED IN THIS ARTICLE
American Airlines
Bush
Congress
Breck shampoo returns to U S stores under Himmel license
Himmel Group secures US Canada Europe and Asia rights to market Breck hair care reviving the classic brand once led by Breck girls. Dial still makes Breck for Mexico. Details of the financial terms were not disclosed. Additionally BMW recalls 22345 vehicles including 16000 X5s from Greer plant for potential cooling fan switch problem.
MENTIONED IN THIS ARTICLE
U.S
Dial Corp
Mexico
Himmel Group
United States
Canada
Europe
Asia
Himmel
Dial
BMW
South Carolina
Mortgage rates mixed as 30-year holds steady at 7.11%
Freddie Mac reports across the nation that 30-year fixed rates remained at 7.11 percent this week, while 15-year loans fell to 6.63 percent and 1-year adjustable ARMs rose to 5.77 percent. Points averaged about 1 percent of loan amounts.
MENTIONED IN THIS ARTICLE
Freddie Mac
Rockwell splits Rockwell Collins to debut on NYSE
Cedar Rapids report notes Rockwell Collins will spin off from Rockwell International, trading when-issued at high premiums. Analysts forecast growth in earnings per share and sales as an independent firm, with potential for retrofitting aircraft and strong aircraft sales amid higher fuel prices.
MENTIONED IN THIS ARTICLE
Rockwell Automation
Mark Koznarek
Midwest Research
Cleveland
Rockwell Collins
Sunday Times of London
Smiths
IRS
Ers
Clay Jones
Rockwell International
Cedar Rapids
Deere to cut 1250 jobs through voluntary early retirement
Deere & Co plans to offer a voluntary early retirement program to about 2,500 salaried employees, aiming to cut 1,250 positions and save $90 million annually. Most eligible workers are in Moline Rock Island and Waterloo, with leaves between Oct 31 and Dec 31 and details released July 10. Executive managers are not eligible.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
Moline
Robert W. Lane
Deere
Ken Golden
Moline Rock Island
Waterloo
Cedar Rapids Named Top Spot by Relocation Site
FindYourSpot com of Windsor Colorado lists Cedar Rapids as a premier Top Spot citing population growth and blend of big city culture with small town safety. The four page Cedar Rapids report highlights climate, arts and economy with photos and charts and promotes the region as an undiscovered haven.
MENTIONED IN THIS ARTICLE
Brent Eskew
FindYourSpot.com
Cedar Rapids
Alliant to issue proposals for up to 1000 MW capacity
Alliant Energy plans to issue a request for proposals next month to build up to 1000 megawatts of new electric capacity to serve Iowa Illinois and Minnesota. The Cedar Rapids based company weighs ownership versus purchasing power amid evolving Iowa regulatory changes.
MENTIONED IN THIS ARTICLE
Gazelle Uosc
Uminancial
Cedar Rapids
Alliant Energy
Iowa
Alliant
Elliott Protsch
John Ruff
Aliiant
Ruff
Iowa Utilities Board
Also Mentioned on This Page
Ge-Honeywell
Djia
Breck Shampoo
BizFacts
Visa
MasterCard
C.R
By Dave DeWitte
Koznarek
Charlie Weber
Robert W. Baird & Co
Weber
North America
Craig Resnick
ARC Advisors
Lexus
George C. Ford
MidAmerican Energy
Tim Grabinsky
Utility
Linn
NCAA
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