Stocks end mixed as oil spike steadies Wall Street
The Dow fell 6.72 to 10,626.35 while the Nasdaq rose 0.67 to 2,016.42 as oil price spikes drew investors to bonds. Winnebago Industries slid 8 percent after Q2 earnings dropped to 42 cents a share on revenue of 239.4 million, missing estimates by 11 cents. Bruce Hertzke blamed overproduction for dealer backlogs.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Winnebago Industries Inc
Forest City
Bruce Hertzke
Winnebago
Penford Corp
Columbus McKinnon
PepsiCo
Comel Fed
Procter & Gamble
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Fastenal Co
Ralcorp Holding Featherlite Inc
Regions Fncl New
Fiserv
Rockwell Collins
Genencor Intl Inc
Saks Inc
Sealed Air
Gen Mills Skyworks Solution
Gillette Co
HMI Corp
Tanger
Heartland Exp
Terex Co
Heinz
Toyota Mot
ING Glob RE Inco
Old Fire Cas
Intl Paper
US Bancorp
US Cellular
Keane Inc
Unova Inc
Kohis Corp
Longyn
Toys R Us agrees to be acquired by a consortium
Toys R Us Inc agreed to be acquired in a 6.6 billion buyout by Kohlberg Kravis Roberts Bain Capital and Vornado Realty Trust. The deal ends a seven month auction to separate Babies R Us from the main business, with no immediate plan revealed for the 1500 stores. Mortgage rates also edged higher in Freddie Mac weekly survey.
MENTIONED IN THIS ARTICLE
Toys “R” Us Inc
Cedar Rapids
Waterloo
R’ Us
Kohlberg Kravis Roberts & Co
Bain Capital LLC
Vornado Realty Trust
Retail projects lead Cedar Rapids real estate in 2004
The Gazette notes retail real estate dominated Cedar Rapids market in 2004 per NAI Iowa Realty trends. Redevelopment sales included the former Montgomery Ward at Westdale Mall and the former ShopKo on First Avenue near 20 per square foot. Westdale’s weakness and 14.2 percent vacancy shape cautious 2005.
MENTIONED IN THIS ARTICLE
Ine Gazette
Cedar Rapids
NAI
Iowa Realty
Montgomery Ward
Westdale Mall
ShopKo
First Avenue
Cedar Rapids Country Club
Val Companies
Los Angeles
Westdale
NAI/Iowa Realty
Scott Byers
Duane Crock
the Gazette
Menards
Highway 100
Marion
Nali Iowa Realty
Cedar Rapids-area
Senate bill sets 8 billion gallon ethanol goal by 2012
Iowa senator Chuck Grassley and others introduced a bill proposing a national usage standard of 8 billion gallons per year of ethanol and other renewable fuels by 2012. The measure follows a Senate vote to allow Arctic drilling and comes as crude oil hits a record high. Grassley argues higher ethanol goals aid farming and rural jobs.
MENTIONED IN THIS ARTICLE
Washington
Midwest
Chuck Grassley
Tom Harkin
Iowa
Senate
Arctic National Wildlife Refuge
Grassley
ANWR
Harkin
Wisconsin regulators approve sale of Kewaunee nuclear plant
The Wisconsin Public Service Commission unanimously approved the sale of Alliant Energy's stake in the Kewaunee Nuclear Power Plant to Dominion Resources for 220 million dollars. Wisconsin Power & Light owns 41 percent and Wisconsin Public Service 59 percent. The deal shifts decommissioning risk and costs to Dominion and includes assurances on power delivery and financial guarantees. Alliant also begins steps to sell its majority stake in the Duane Arnold Energy Center while continuing to buy power from its new owner.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Alliant Energy
Wisconsin
Alliant
Kewaunee
Dominion Resources
Allianz
Wisconsin Power & Light
Wisconsin Public Service Corp
WPS Resources Corp
Public Service Commission of Wisconsin
Dominion
Commission
Barbara Swan
PSCW
Wisconsin Public Service
Wp&l
Duane Arnold Energy Center
Palo
Unemployment Rate Rises Across Iowa in January
Iowa January unemployment climbs to 5.1 percent, highest since February 1988, as new counting method and post holiday layoffs raise jobless estimates. Linn County hits 5.8 percent amid declines in retail and service hiring and construction. Cedar Rapids MSA drops to 5.3 percent after county reclassification.
MENTIONED IN THIS ARTICLE
Gazette
Iowa
Richard Running
Linn County
Ann Wagner
Cedar Rapids
Benton
Jones
Qwest raises bid for MCI to $8.45 billion
Qwest Communications offers 8.45 billion dollars to acquire MCI Inc. in a bid to derail MCI’s planned merger with Verizon. The move comes as MCI boards reviews the proposal and sets a March 28 response deadline amid market reactions and rival concerns.
MENTIONED IN THIS ARTICLE
New York
Qwest Communications International Inc
MCI Inc
Verizon Communications Inc
MCI
Verizon
WorldCom
Qwest
Also Mentioned on This Page
Nasdaq
Tm Es
Toys ‘R’ Us
Freddie Mac
Gazette, News Service
SciTyuNne
Iowa City
AP Stockquote
AMEX
G.R
By Dave DeWitte
Wal- Mart
Bowman Square
Noelridge Center
Williams Plaza
David.dewitte
Gazettecommunications.com
By E. Michael Myers
Alaska Exploration
Aol
Regulators OK
Gazettecommunications
Corm
Wonme She Tall Amakel
Fayette Crayton
An Delawae
Ann
NES
SON
Wer
Iowa Workforce Gazette
Marion Blvd
United Security Bank
Edgewood Rd
C.R
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