Stocks mixed as jobs data loom on Wall Street
Investors favored tech shares but stayed cautious ahead of the February employment report. The Dow slipped 5.11 to 10,588.00 while the Nasdaq rose 21.75 to 2,055.11 as advancers led decliners 3 to 2 on the NYSE. Sealy to be acquired by KKR for 1.5 billion with 92 percent stake.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Sealy Corp
Kohlberg Kravis Roberts & Co
KKR
Sealy
Bain Capital
Charlesbank Capital Partners
Jpmorgan Partners
Cibc Argosy Merchant Fund
BancBoston Capital
Microsoft TechFest preview shows SenseCam and future gadgets
Microsoft researchers showcase SenseCam a neck worn visual diary that can capture up to 2000 images in 12 hours and may link with face recognition to aid memory. The TechFest highlights dozens of futuristic projects with aims to predict future developer needs and may not become products.
MENTIONED IN THIS ARTICLE
Illiams
SenseCam
Microsoft Corp
Williams
Microsoft
Microsoft Research
Mortgage rates mixed as 30 year rises this week
Mortgage rates were mixed across types this week with the 30 year fixed edging up to 5.59 percent from 5.58. The 15 year fixed fell to 4.88 percent from 4.89 and one year adjustable declined to 3.47 percent from 3.50 while all averages exclude points.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette
News Service
West Liberty Foods names president and COO Ed Garrett
Ed Garrett, a 24 year poultry industry veteran, is named president and chief operating officer of West Liberty Foods. He replaces Ken Rutledge, who left to form a farmer cooperative in South Dakota. The Mount Pleasant plant expansion and a doubling project accompany leadership changes as Glenn Elzey succeeds Garrett as senior vice president and CFO.
MENTIONED IN THIS ARTICLE
George C. Ford
the Gazette
West Liberty Foods
Ed Garrett
West Liberty
Garrett
Ken Rutledge
South Dakota
Paul Hill
Mount Pleasant
Hill
Rutledge
Ken
West Liberty Foods Board of Directors
Glenn Elzey
Elzey
National Food Service
Sigourney
U.S. extends Canada beef export restrictions
The United States widens limits on Canadian beef and cattle exports due to mad cow concerns while welcoming Mexico’s acceptance of U.S. exports. The Agriculture Department proposed rule would rate Canada as minimal risk allowing export of cattle under 30 months and possibly beef from older cattle if infectious parts are removed. Comments open until April 7.
MENTIONED IN THIS ARTICLE
Washington
United States
Canada
Mexico
U.S
Agriculture Department
United
Department
Iowa January jobless rate dips to 4.1 percent statewide
Iowa's seasonally adjusted unemployment rate falls to 4.1 percent in January from 4.6 percent in December. Unemployment drops from about 73,500 to 66,400 as employment rises by 28,200 to 1,554,900. Manufacturing gains 500 jobs while government, trade, and professional services shed workers. The Meskwaki casino reopening lowers Tama County unemployment to 9.2 percent. In Linn and Johnson counties unemployment edges higher due to seasonal shifts. Ann Wagner notes seasonal trends in the data.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Iowa
Tama
Tama County
Cedar Rapids
Iowa City
Linn County
Johnson County
Ann Wagner
Iowa Workforce Development
Iowa's 2003 unemployment rate ranks ninth lowest nation
Iowa's 2003 rate is revised to 4.5 percent, tying Maryland for ninth-lowest U.S. unemployment. The Cedar Rapids metro rate is set at 4.7 percent. Manufacturing jobs fall from 17,900 to 17,700 while service employment rises from 92,200 to 92,900.
MENTIONED IN THIS ARTICLE
Iowa
U.S
Maryland
South Dakota
Oregon
Cedar Rapids Metro
Retailers report strong February sales across chains
February sales rose sharply as consumer confidence improved with warmer weather and spring fashions. The ICSC UBS tally of about 70 retailers showed a 6.7 percent year over year gain in same store sales, with Wal Mart reporting a 6.2 percent increase.
MENTIONED IN THIS ARTICLE
New York
Todd D. Slater
Lazard Freres & Co
International Council of Shopping Centers
UBS
Michael P. Niemira
Wal-Mart Stores Inc
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Nasdaq
Wella
P&g
Wella AG
Procter & Gamble
Kohlberg Kravis Roberts
Redmond
Wash
Lyndsay Williams
Cambridge
England
Rick Rashid
Tim Pack
Scryme
AP Stockquote
Ford
Shemieh
Anneshek
Benton
OWA
Workforce Development
Gazt
Keok
Caseys Gen
PepsiCo
Columbus McKinnon
Procter Gambie
Come
Fedi
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Raicorp Holding Fastenal Co
Featherlite Inc
Rockwell Collins
Saks Inc
Fiserv
Sealed Air
Genencor Inti Inc
Skyworks Solution
Gen Mills
Tanger Factory
Gillette Co
Terex Co Heartland Exp
Heinz
Toyota Met
Union Planters
Utd
Cas
Intl Paper
US Bancorp
Keane Inc
US Cellular
Kohls Corp
Unova Inc Longon
Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
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