Wall Street Gains Moderate Pace Amid Iraq War Fears
Stocks rose as traders hunted for bargains after recent declines while fears of a prolonged Iraq conflict weighed. The Dow gained 70.73 points to 7,775.60 and the Nasdaq rose 6.63 to 1,314.40 as volume stayed light. Bishop's Buffets sale to Pooley & Associates expands Cedar Rapids chain, with four locations joining the purchase of three Furr's cafeterias. Northwest Airlines and Pinnacle upgrade service between Minneapolis St Paul and Waterloo using a Canadair regional jet. Bombardier plans 3000 job cuts across Montreal Toronto Belfast operations, about 10 percent of its aerospace division workforce.
MENTIONED IN THIS ARTICLE
Wall Street
Iraq
New York Stock Exchange
Pooley & Associates
Cedar Rapids
Bishop's Buffets
Farr’s Restaurant Group
Dallas
Dubuque
Waterloo
Moline, T
Curt Pooley
Dave Bailey
Furr’s
Tulsa
Kansas City
Phoenix
Bishop’s
Northwest Airlines
Northwest Airlink
Pinnacle Airlines Inc
Minneapolis/St. Paul
Northwest
John Rooff
Cedar Valley
Bombardier Aerospace
Montreal
Toronto
Belfast
Bombardier Inc
Aviation Industy
Berthardier
Northern
Ireland
Rockwell Collins
Cea
Rockwell Collins lands $25 million Chinese jet avionics contract
Rockwell Collins will supply Pro Line 21 avionics for Xian Aircraft Co.’s MAG regional turboprop, a seven year deal with up to 25 million dollars in potential value. Deliveries start later this year with 2004 certification expected. Xian aims for cost savings of about 30 percent versus Western rivals.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Xian Aircraft Co
China
Ogres Collins
Cedar Rapids
Xian Aircraft
Rockwell Collins
Xian
Kian
Cording
Nancy Welsh
Denny Helgeson
Business group urges deficit control to balance budget
A committee for Economic Development and The Concord Coalition urge Bush and Congress to abandon fresh tax cuts and pursue a long-term budget balance with tax increases and Social Security savings. They warn deficits reduce investment and living standards and call for action on spending and revenues even if politically difficult.
MENTIONED IN THIS ARTICLE
Washington
Bush
Congress
Committee For Economic Development
Buke
America
Concord Coalition
Congressional Budget Office
Iraq
Former Qwest execs plead not guilty to fraud charges
Three former Qwest Communications executives Thomas Hall John Walker and Brian Treadway pleaded not guilty to a 12 count indictment alleging they inflated revenues to meet Wall Street targets. They faced bond and potential prison terms while a separate civil suit alleges about 1 million in inflated revenue.
MENTIONED IN THIS ARTICLE
Denver
Gwest Communications International Inc
Wall Street
Thomas Hall
John Walker
Brian Treadway
Crant Graham
U.S
Craig Shaffer
Hall
Walker
Treadway
Atlanta
Securities and Exchange Commission
Winnebago stock slides 45.5 percent in 68 trading days
Forest City based Winnebago Industries Inc shares fell 45.5 percent over 68 trading days as war jitters and weak consumer confidence weighed on RV demand. Shares closed at 27.36 on NYSE after sliding from a Nov high, with analysts citing discretionary purchases and production backlogs.
MENTIONED IN THIS ARTICLE
Forest City
Winnebago Industries Inc
Sheila Davis
Winnebago
Iraq
Davis
New York Stock Exchange
Saks Reports Higher Profits Despite Mixed Outlook
Saks stores posted a 26 percent rise in profits in the latest quarter amid ongoing cost controls and stronger demand. Analysts surveyed by Thomson Reuters expect continued earnings momentum but warned of macro risks as geopolitical tensions and inflation weigh on consumer spending.
Also Mentioned on This Page
C.R. Partnership
Bombardier
Bar Fasang
Viaton
Farty Jug
Iowa City
Kaiser Electro-Optics
Rockwell Collins Company
U.S. Army
General Dynamics Decision Systems
Scottsdale, Ariz
Army
Kaiser Electro- Optics
California
General Dynamics
Cavid Dewitte
Gazettecommunications
Bertus van Ingen
Barneveld
Netherlands
Qwest
Zona School Facilities Board
Grahan
Qhvest
Hail
Bruce Hertzke
Craig Kennison
Kennison
Robert W. Baird & Co
Milwaukee
Conference Board
Ken Goldstein
Recreational Vehicle Industry Association
Saks
Amincham
Aig
Fapy — Deyrimet
Mant S Inc
Prem
Aye
Aisaeng
Agamn
Sudan
Beringhary
Bates Stopes
Thomson
Cali
Teiatiers
Brad Martr
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