Stocks Climb and Fall as Inflation Fears Shake Markets
Stocks slipped on Monday as investors booked profits after a rally and kept inflation fears in view. Oil prices rose with light crude at 51.75 a barrel on the NYMEX, while the Dow fell to 10 766.23 and the Nasdaq to 2051.72. A Conference Board survey found U S workers increasingly unhappy, with 50 percent satisfied overall and 14 percent very satisfied. Alliant Energy says a one time 8 to 9 cent per share charge will hit the current quarter due to its Alliant Energy Resources redemption of notes, aimed at strengthening its balance sheet.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
New York Stock Exchange
U.S
Conference Board
Alliant Energy Corp
Alliant Energy Resources
Alliant
Alliant Energy
Eliot Protsch
Treasury bills reach highest rates since 2001 in weekly auction
The Treasury sold 21 billion dollars of three month bills at a discount rate of 2.715 percent and 18 billion dollars of six month bills at 2.925 percent. The results imply yields of 2.772 percent for three months and 3.010 percent for six months, with typical $10,000 and $9,852.13 prices respectively.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
McLeodUSA Sues Qwest Over Toll Free Access Charges
McLeodUSA Inc. sues Qwest Corp alleging deliberate contract breaches to harm cash flow in a dispute over toll free 8YY access charges. The suit says Qwest withheld about 4.8 million in payments from 2004 and later paid only half for several months. McLeodUSA seeks a declaratory judgment and damages for implied contracts and tariff issues.
MENTIONED IN THIS ARTICLE
the Gazette A
McLeodusa Inc
Qwest Corp
Baby Bell
McLeodusa
Qwest
McLeodusa Telecommunications Services Inc
Qwest Communications Corp
FCC
Federated to buy May Department Stores for 11 billion
Federated Department Stores plans to acquire May Department Stores Co. in an 11 billion transaction to create a nationwide Macy’s branded retail group. The deal would merge Bloomingdale’s with May’s chains Marshall Field’s Lord & Taylor and Hecht’s, expanding Federated’s reach across 48 states and 3 territories while signaling a continued role for department stores amid discount and specialty competition.
MENTIONED IN THIS ARTICLE
Macy’s
New York
Herald Square
Federated Department Stores Inc
May Department Stores Co
Cincinnati
Terry J. Lundgren
Federated’s
May’s
Federated
Bloomingdale’s
May
Marshall Field’s
Lord
Taylor and Hecht’s
Smith Barney
Alaska
Guam
Puerto Rico
Columbia
Kurt Barnard
Lundgren
Barnard
Nutley
M.J
Heinz profits slump as costs bite large write down hurts
Heinz Co. reports third quarter earnings of 152.4 million or 43 cents per share, down from 202.2 million or 57 cents. Impairment charges reach 73.8 million due to a write down of Hain Celestial stake. Revenues total 2.26 billion with North America retail up double digits amid rising fuel and commodity costs.
MENTIONED IN THIS ARTICLE
Pittsburgh
HJ. Heinz Co
North America
Cedar Rapids
Hain Celestial Group Inc
Heinz
Thomson First Call
New York Stock Exchange
Iowa AARP program promotes hiring of mature workers
Iowa Governor Tom Vilsack and other state leaders join AARP in a nationwide effort to retain workers over 50. The plan names Home Depot Principal Financial and Manpower as partners and targets Iowa Arizona and Mississippi with conferences to recruit and support older employees.
MENTIONED IN THIS ARTICLE
Iowa
AARP
Washington
Tom Vilsack
Vilsack
Home Depot
Principal Financial and Manpower Inc
Arizona
Mississippi
Ebbers Denies Involvement in WorldCom Accounting Scandal
Bernard Ebbers testified he did not influence WorldCom’s $11 billion accounting fraud. He claimed he viewed himself as a coach who left number crunching to Scott Sullivan and admitted he knew little about accounting or technology. He disputed Sullivan’s earlier testimony that Ebbers pressured him to cook the books.
MENTIONED IN THIS ARTICLE
NEW York
Bernard Ebbers
WorldCom
Scott Sullivan
Ebbers
Sullivan
Wall Street
U.S
World- Com
Also Mentioned on This Page
DOW
Nasdaq
Iowa City
AP Stockquote
AMEX
McLeod- USA
Kara Revere
TGI
Mount Pleas
Ant
Emmva
Aol
Gov. Tom
Finance and
Bernard
Sylvia Brim
Cpa
Cfp
Csa
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!