Kerkorian boosts GM stake amid market rally
Stocks rose as investors eyed Kirk Kerkorian's bid to expand his stake in General Motors. The Dow gained 127.69 points to 10,384.64 and the Nasdaq climbed 29.16 points to 1,962.23, with advancers ahead about 3 to 2 on the NYSE.
MENTIONED IN THIS ARTICLE
Kirk Kerkorian
General Motors Corp
Hugh Johnson
Johnson Illington Advisors
New York Stock Exchange
Maytag recalls workers at Newton washer plant
Maytag Corp recalls about 80 laid-off production workers at its Newton washer and dryer plant to meet rising demand for the front loading Neptune washer. Spokesman John Daggett said more workers are needed, boosting Newton’s active production staff to roughly 1,355.
MENTIONED IN THIS ARTICLE
Maytag
Newton
Maytag Corp
Ted Johnson
United Auto Workers Local 997
John Daggett
Wellmark to Issue New ID Cards Replacing SSNs
Wellmark Blue Cross Blue Shield of Iowa will issue new member identification cards this summer based on renewal dates. Cards replace Social Security numbers with system assigned seven numbers and two letters to curb identity theft, with all members expected to receive new cards by December 31.
MENTIONED IN THIS ARTICLE
Wellmark Blue Cross Blue Shield of
Iowa
Wellmark
Ellen Gaucher
Wellmark Group
Gaucher
Ottumwa Generating Plant Returns to Service
The Ottumwa Generating Station jointly owned by Interstate Power and Light and MidAmerican Energy is back online after repairs. A February 19 shutdown followed a direct short in a 161 kilovolt transformer, with a replacement from Power Asset Recovery Corp. facing transport challenges due to its 1.2 million pound weight.
MENTIONED IN THIS ARTICLE
Ottumwa
Interstate Power and Light Co
MidAmerican Energy Co
Interstate Power & Light
Power Asset Recovery Corp. of
Texas
Gazette
News Service
Smart carts in stores test new computer guides shoppers
Super markets test smart cart systems like Concierge from Springboard Retail Networks and IBM Shopping Buddy. The devices map aisles, track carts, offer sale alerts, and tally purchases through a card or key login, with self checkout and bagging at the end. Canadian stores test Concierge in June and July, with IBM rolling out later.
MENTIONED IN THIS ARTICLE
Chicago
Michael Alexander
Springboard Retail Networks Inc
IBM
Massachusetts
Alexander
Quincy
Mass
Midwest confidence falls in April amid higher oil prices
The nine state Midwest region shows a drop in the Creighton University Mid America Business Conditions Survey with an April confidence index of 59.4 down from 64.5, signaling slower growth ahead for six to nine months. Iowa’s index slides to 62.2 as manufacturing jobs shrink but heavy manufacturing adds, with expected jobless rate fall by late summer.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Midwest
Creighton University
Ernie Goss
Mid- America
Tor
Goss
Iowa
Alliant Energy CEO to step down in July replacement named
Alliant Energy announces chief executive Erroll Davis Jr. will retire from the board by the 2006 annual meeting and be replaced by chief operating officer William Harvey. Harvey, 56, has led as president and COO since January 2004 and joined the board that month. The utility serves over 1.4 million customers in Iowa Illinois Minnesota and Wisconsin.
MENTIONED IN THIS ARTICLE
Madison
Wis
Alliant Energy
William Harvey
Erroll Davis Jr
Davis
Alliant En An Messe Che Weeergy
IES Indus
Harvey
WPL Holdings
Wisconsin Power & Light
Iowa
Illinois
Minnesota
Wisconsin
Treasury weighs return of 30 year bond to fund deficits
The Bush administration considered resuming 30 year bond sales to finance a record $427 billion deficit. Treasury official Timothy Bitsberger said a decision would be announced August 3 with auctions potentially starting in February 2006. The move follows a 2001 stop due to surpluses that never materialized amid recession and war.
MENTIONED IN THIS ARTICLE
Washington
Bush
Treasury Department
Timothy Bitsberger
Treasury
Financial Markets
Bitsberger
IBM to cut 10000 to 13000 jobs amid restructuring
IBM announced a second quarter pretax charge of 1.3 to 1.7 billion dollars as it cuts 10 000 to 13 000 jobs mainly in Europe. The plan follows a disappointing first quarter with missed earnings and aims to create smaller local units and reduce bureaucracy in lower growth markets.
MENTIONED IN THIS ARTICLE
New York
International Business Machines Corp
Europe
IBM
Mark Loughridge
Goldman Sachs Group Inc
Laura Conigliaro
France
Germany
Italy
Japan
New York Stock Exchange
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