Stocks edge higher as traders await key jobs data
A modest stock rise followed a bullish Federal Reserve briefing as investors paused for the Friday jobs report. The Dow gained 1.63 points to 10,593.11 while the Nasdaq fell 6.29 to 2033.36 as markets stayed cautious. In Iowa, area doctors shorten hours to attend a tort reform rally, with on call coverage for emergencies and patients advised to call ahead.
MENTIONED IN THIS ARTICLE
Federal Reserve
Wall Street
Apple Cart
Simon Melluish
U.S
Gartmore Funds
Dow Jones
Statehouse
Iowa Medical Society
Cedar Rapids
Criminal probe opened over mad cow case records
The Agriculture Department inspector general said a criminal investigation has begun into possible falsification of records in the United States’ only mad cow case. The inquiry runs with a non criminal review of the department’s response, led by Phyllis Fong before a House subcommittee. The focus is whether the infected Holstein was truly a downer at slaughter on December 9 in Moses Lake Washington as the initial report claimed.
MENTIONED IN THIS ARTICLE
Agriculture Department
Department
Phyllis Fong
House
Fong
Moses Lake
Wash
Vern
Casey's General Stores Posts Flat-Q Earnings Drop
Casey's General Stores Inc reports a 25 percent drop to 12 cents a diluted share for the quarter ended Jan 31. Rising gasoline costs and bad weather dented margins while sales of groceries rose 1.9 percent in Q3. Gas volume grew 6.3 percent but gas profit margin fell 1.9 percent.
MENTIONED IN THIS ARTICLE
Casey’s General Stores Inc
Ronald Lamb
Gazette
News Service
Embezzlement seen as persistent risk in organizations
Financial expert Patrick Brady of Clifton Gunderson notes embezzlement is a common risk across business and nonprofit sectors. He warns that economic pressure increases discovery and that internal controls are often bypassed by someone determined to steal, making prevention difficult.
MENTIONED IN THIS ARTICLE
Dave DeWitt
The
Gazette
Cedar Rapids
Patrick Brady
Clifton Gunderson LLP
Brady
Clifton Gunderson
Guidelines for Reducing Embezzlement Risk at CPA Firms
Peter Jacobs of Clifton Gundersons Cedar Rapids center outlines steps to curb embezzlement. Emphasizes rigorous new hire checks, strong internal controls, regular fraud audits, and clear conduct policies with willingness to punish offenders. Notes embezzlers start small and grow bold as time passes. warns about concentrated responsibility and procrastination as red flags.
MENTIONED IN THIS ARTICLE
Peter Jacobs
Clifton Gunderson
Eastern
Iowa
Cedar Rapids
CPA
Sarbanes-Oxley
Meth-Wick to break ground on Highland Park condos
Meth-Wick Community of Cedar Rapids will start Highland Park, a 21 condo complex for independent adults over 60, in July with prices from about 187000. The project, to be built by Primus Construction, aims to provide low maintenance living and underground parking, with completion slated for July 2005 and four units already pre sold.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
13Th St
Highland Park
Deer Ridge
Robin Mixdorf
Primus Construction
Eral
Primus
Meth-Wick
Mixdorf
Solum Architects
Saks profit jumps 20 percent as sales rise
Saks Inc reports a 20 percent rise in quarterly profit to 81.8 million dollars or 57 cents a share on 1.97 billion in sales. The results include an 18.3 million dollar charge for debt restructuring and store impairments. Full year net income climbs to 82.8 million on 6.06 billion in sales.
MENTIONED IN THIS ARTICLE
Saks
Birmingham
Ala
Dow Jones/AP
Saks Inc
FAO Inc
Thomson First Call
First Call
Saks Fifth Avenue
New York Stock Exchange
Fifth Avenue
Proffitt’s
McRae’s
Younkers
Herberger’s
Carson Pirie Scott
Bergner’s
Boston
Club Libby Lu
East Iowa
APAC
McLeod USA Pt
Aegon NV
McLeod USA A
Alcoa Inc
Mestek
Alliant Energy
Arch Dan Mid
Nash Finch
Pearson PLC
Bandag Inc
Pentord Corp
Caseys Gen Store
PepsiCo
Columbus McKinnon
Procter Gambie
Come! Fed
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Raicorp Holding
Fastenal Co
Featherlite Inc
Rockwell Collins Fiserv
Saks Inc v
Genencor Inti Inc
Sealed Air
Skyworks Solution
Gen Mills
Tanger Factory
Gillette Co
Terex Co
Heartland Exp
Toyota Met
Heinz
Union Planters
Hon Inds
Old Fire Cas
Inti Paper
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Unova Inc
Longon
Verizon Comm
Macc Pro Eat
WalMart
Marsh & McLennan
Wells Fargo & Co
Maytag
Weyerhauser
Aici
Economy shows growth in January and February across regions
Federal Reserve data indicate manufacturing and consumer spending rose in most districts in early 2004, with hiring still lagging. A Business Roundtable survey finds 33 percent of CEOs expect payroll gains in six months, 22 percent expect cuts, and 45 percent foresee no change.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Association
America
Ceqos
U.S
Hank McKinnell
Business Roundtable
Pfizer Inc
Cleveland
St. Louis
Boston
Philadelphia
Chicago
Minneapolis
Kansas City
San Francisco
Also Mentioned on This Page
Nasdaq
C.R
Casey’s General Stores
Schryme
Iowa City
Patrick Brady Clifton Gunderson
Jacobs
David.dewitte
Gazettecommunications.com
George. Ford
Cedar Rapids Bank & Trust
Linn County
BAIN
Great America
1St Street
Prcrives
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