Stocks edge higher as investors buy the dips
Wall Street rose on Monday with the Dow gaining 95.99 to 10,562.30 and the Nasdaq up 25.29 to 2,142.92. Eastern Iowa stocks fared well as 32 advanced, 13 declined, and three held steady while consolidated volume stood at 1.09 billion shares. Microsoft announced the OfficeXP suite and its features, with retail availability planned for spring.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Weyerhaeuser
Fiserv
Rockwell
Kohl’s
Deere
Book Sales Flat Despite Potter Boom
A publishing industry study reports U.S. book purchases at 1.6 billion last year, essentially unchanged from the prior year. Spending rose 1 percent to 12.6 billion, with online book buying up to 6 percent from 4 percent.
MENTIONED IN THIS ARTICLE
U.S
Ipsos-Npd
Mixed Treasury bill rates in Monday auctions
Treasury sold 10 billion in three month bills at a 4.700 discount rate and 10 billion in six month bills at 4.530. The three month bill yields 4.822 percent on a $10 000 face value and the six month at 4.700 percent. The Fed reported the one year T bill yield fell to 4.47 percent from 4.69 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Beef prices soar as harsh winter hits cattle markets
Retail beef prices reach a record 3.21 per pound for USDA choice cuts in January due to a severe Plains winter. Prices may dip by summer then rise as tight cattle supplies persist. Ranchers rebuild herds, while feedlots cut intake to stay warm and energy.
MENTIONED IN THIS ARTICLE
Washington
Chuck Levitt
Alaron Trading Corp
Chicago
France bans exports of livestock to curb foot-and-mouth risk
France moved to halt exports of animals at risk for foot-and-mouth disease and barred transfers within the country for 15 days as Europe raises alert after Britain reports outbreaks. The measure affects horses too, potentially pulling French entrants from the Cheltenham Festival. officials caution the virus spreads among cloven-hoofed animals and can be windborne.
MENTIONED IN THIS ARTICLE
Paris
Europe
France
Britain
Germany
Belgium
Sweden
Denmark
Northern
Ireland
England
Dartmoor National Park
Moreton Hampstead
Enlighten extends ICN access to Iowa counties
Enlighten Technologies of Cedar Rapids announced an agreement to extend access to the Iowa Communications Network to county government subscribers. The move links Enlighten's private legal communications system with ICN video facilities statewide, enabling videoconference connections for judicial and telemedicine uses.
MENTIONED IN THIS ARTICLE
Cedar Rapids
ICN
Enlighten
Tony Crandell
Ric Lumbard
Iowa General Assembly
Lumbard
Malone Outfitters to Close 7 Stores in Liquidation
Karl Malone's 6K Associates LLC will close seven Malone Outfitters locations including the Williamsburg Tanger outlet by March 31. Malone Properties owns nine outdoor shops in the United States and says a loss of a major supplier prompted the closures. A liquidation sale will mark down merchandise at least 50 percent through month end.
MENTIONED IN THIS ARTICLE
Williamsburg
Karl Malone
6K Associates LLC
Malone Outfitters
Tanger Factory
6K Associates
Meridian
Idaho
Malone Properties
United States
Pearson profits drop as Internet costs rise for NCS stake
London based Pearson PLC reports 2000 pretax profit at 490 million dollars, down 17 percent from 1999 as Internet investments in National Computer Systems rise. Internet ventures contributed 66 million dollars in 2000, with NCS acquired last year for 2.5 billion dollars and now fully integrated.
MENTIONED IN THIS ARTICLE
NCS
London
England
Pearson PLC
British Media and Education Publishing Group
National Computer Systems Inc
Financial Times
John Makinson
Pearson
Makinson
Also Mentioned on This Page
Microsoft
Microsoft Corp
Djia
BizFacts
Ron Grote
Fareway
Manchester
Marvin Waterhouse
Waterhouse
USDA
European Union
Marlene Lucas
Gazette
Dartmoor
David DeWitte
Davidd
Malone Outfitters Closing
Brunswick Corp
Lake Forest, Ill
Zebco
American Camper
Quantum
Browning
Remington
Rose
Peter DeCicco
DeCicco
David Rose Consulting, Inc
Fairfield
Lisco
Cedar Rapids Area
Career Fair
Ascellular
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