Wall Street Steady After Fed Decision and Local Aims
Wall Street held at steady gains after the Fed left rates unchanged and signaled possible hikes later this year. The Dow rose to 10,635.25 while the Nasdaq advanced to 1,880.87 as mixed regional stock moves and corporate updates rolled in. Jet Air began charter flights from Iowa City, IBP faced a racketeering suit in Illinois, ATA expanded Quad Cities service, and Qwest bought bonds to swap for stock as it eyes long distance reentry.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Dow Jones
Jet Air, Inc
Iowa City
Galesburg
American Trans Air
Chicago
Midway Airport
Illinois-Iowa Quad Cities
ATA
Quad Cities
Moline
Ill
Chicago Express Airlines
ATA Connection
Chicago Express
Iowa
Chicago Midway
HP Chairwoman Fiorina claims victory in Compaq merger vote
HP chairwoman and CEO Carly Fiorina announced a preliminary victory in the $21 billion merger vote with Compaq Computer, saying shareholders showed support for change and leadership. The outcome remains unofficial until independent counters verify ballots, with weeks needed to finalize results amid a high-stakes proxy contest.
MENTIONED IN THIS ARTICLE
Cupertino
Calif
Hewlett Packard
Carly Fiorina
Compaq Computer Corp
Rockwell Collins boosts defense intelligence with CS acquisition
Rockwell Collins buys Communications Solutions Inc. for 23 million dollars. The 95 employee Maryland firm specializes in signals intelligence and will operate as Communications Solutions, a Rockwell Collins company, retaining offices in White Marsh Germantown Md and Richardson Texas.
MENTIONED IN THIS ARTICLE
the Gazette
Rockwell Collins
Maryland
Communications Solutions Inc
Baltimore
Communications Solutions
Clay Jones
Jones
U.S
Bob Chiusano
Bob Biller
White Marsh
Germantown
Richardson
Texas
Fed Holds Key Rate as Optimism Edges Up
The Federal Reserve leaves the federal funds rate at 1.75 percent after 11 reductions last year and signals possible rate increases later this year. The move maintains the 4.75 percent prime lending rate while policy makers adopt a neutral stance amid mixed economic signals.
MENTIONED IN THIS ARTICLE
Fed
Alan Greenspan
Open for Business trade show slated in Cedar Rapids
The 10th annual Open for Business trade show at the U S Cellular Center in downtown Cedar Rapids expects over 4 000 attendees. More than 150 exhibitors will showcase products and services with door prizes and coffee Thursday. Admission is 5 with free passes at the Chamber and in The Gazette.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
U.S. Cellular Center
Chamber of Commerce
The
Penford Restructuring Dampens Second Quarter Earnings
Penford Corp reports a 2 cent per share net for the quarter ended Feb 28 after a $14 million pretax restructuring charge tied to relocating its corporate headquarters from Bellevue Washington to Denver Colorado. Net income rose to $1 million before the charge with six month results showing $1.4 million in earnings.
MENTIONED IN THIS ARTICLE
Penford Corp
Penford
Pretax
Bellevue
Wash
Denver
Colo
Also Mentioned on This Page
New York Stock Exchange
Procter & Gamble
Toyota
Kohl’s
I.C. Airport
IBP
IBP Inc
United States
Joslin
Rock Island
Qwest
Qwest Communications International Inc
Joe Nacchio
Arizona
Djia
Ssityu
AP Stockquote
Fiorina
Hewlett-Packard Co
Silicon Valley
Compaq
Hewlett and Packard
Walter Hewlett
Saul Chaikin
Brian Ray
Marion
Vic Klopfenstein
Linn County Farm Bureau
Rockwell
C.R
Maryland Company
Washington
Chamber
Sprint Pcs
Dostal
Cedar Rapids Area
D.B. Acoustics
Copy Systems
Sign Productions
U.S. Cellular
YMCA
Per Mar Security Services
Linn County Rbc
Iowa Electronics
Costal Catering
Kwkb TV
Wellmark Blue Cross
Blue Shield of Iowa
Kcrg-Tv
Kcrg Radio
KGAN
Kwkb- TV
Kmry- Sellers Broadcasting
KZIA
102.9
George Ford
Georgef
Thomas Malkoski
Company
Malkoski
David DeWitte
Davidd
Sauny & Ast
Investment Services
ETE
Igh Princer Financia Services
NA Ereerry
K. Ask Investment
Pri
Management
Met Vmf Capital, LLC
Third Avenue
Don Flynn
Mike van Meter
Des Moines
114Th Street
Tom Myers
Karen Green
Clive, IA
Vmfcapital.com
Scott Eltjes
Chris Cook
Jon Augustine Don Mears
Loren Coppock
Truewnorith Insurance and Financial Loans
4Th Ave
Allied Insurance
Nationwide Insurance
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