Market Briefs Push Stocks Lower Amid Earnings Worries
A wave of skittishness about future earnings dragged markets Tuesday while technology shares edged higher in subdued trading. The Dow fell 51.66 to 10883.51, the Nasdaq rose 25.20 to 2198.77, and NYSE advancers led decliners 8 to 7 with 1.21 billion shares traded. In Iowa, 23 gainers, 26 losers, one unchanged. United Fire rose to 28.06, U S Cellular slipped to 64.16. AccessAir’s operating permit was withdrawn by the FAA ending its bid to expand Des Moines flights, aiding liquidation in bankruptcy. Purina Mills received an undisclosed buyout approach as shares jumped on the news. BP posted stronger first-quarter profits and margins with 3.30 billion in net income and 3.44 billion operating profit. Five-year Treasury yields fell to 4.66 percent in the auction, with $13 billion sold.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
United Fire
U.S. Cellular
Federal Aviation Administration
AccessAir
Des Moines
Jim Snyder
U.S
Snyder
John Ryan III
Ryan
Purina Mills Inc
Purina Mills
BP PLC
BP Amoco PLC
Treasury
Biotech
Computer
Finance
Indust
Insurance
Telecom
Associated Press
LucentTech
RiteAid
GemElec
NortelNet
Agere Sys
American Stock Exchange
Djia Diamads
IvaxCo
Cisco
Ind
We Indus
Standard & Poor's
Santa Monica
Calif
Wilshir Associates
Monte Day
Short Stop opens in Marion with eight gas pumps and Beer Vault
The 4,800 square foot Marion Short Stop at Blairs Ferry Road and Marion Boulevard debuts with eight pumps for 16 vehicles, 24 soft drink taps, three coffee stations, and a Glass-walled Beer Vault. Owner Dave Carpenter says fast in and out service drives the concept. The Gilbarco Eclipse pumps may link to the Internet and later add touch screens for direct customer messages.
MENTIONED IN THIS ARTICLE
Carpenter
Iowa
Wendy's expands in Coralville and Cedar Rapids
Wendy's International plans new restaurants in Coralville and Cedar Rapids. Franchisee Restaurant Profit Systems Inc. will run both sites. Coralville store on Commercial Drive near Wal-Mart. Cedar Rapids location on Blairs Ferry Road near Edgewood Road. Each building seats 104 and employs 30 to 50. Construction timelines set at 90 days for Coralville and 30 days for Cedar Rapids starter work. Total project value listed at 560000.
MENTIONED IN THIS ARTICLE
Wette
Coralville
Wendy’s International
Cedar Rapids
Profit Systems Inc
Wendy’s
Village Inn
Commercial Drive
Wal-Mart
Blairs Ferry Road
Hawkeye
Edgewood Road
Edgewood
Westdale Mall
Thomas Barbee
Restaurant Profit Systems
Wendy's
Barbee
Iowa
Restaurant Profit Systems Management
Kohl’s
Coral Ridge Mall
Blairs Ferry
Experian Expands Mount Pleasant Operations With New Plant
California company Experian to open a packaging plant in the former Motorola facility in Mount Pleasant. The operation will start with about 100 employees, shift equipment from the existing site, and offer shrink wrapping, poly wrapping, and sample packaging for diapers, feminine hygiene products, lotions, detergents, and OTC medicines.
MENTIONED IN THIS ARTICLE
Gazette Financial
Mount Pleasant
California
Motorola
Experian
Brian Bomberger
Productivity drop stuns analysts as output falls
Washington AP A drop in productivity in the January-March quarter marks the first decline in six years. The Labor Department reports a 0.1 percent annualized drop in output per hour, while unit labor costs surge 5.2 percent the fastest in over three years.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
National Travelers Life to cut half its jobs in restructuring
National Travelers Life Co plans to lay off about 100 of 200 employees over the next year as it restructures. The insurer will drop health coverage for about 21 000 policyholders including 600 in Iowa and will team with FBL Financial Group to handle future annuity and life business.
MENTIONED IN THIS ARTICLE
Des Moines
National Travelers Life Co
Iowa
FBL Financial Group
National Travelers
John Alden Life Insurance Co
James Wallace
National Traveler
FBL
National
Also Mentioned on This Page
Treasury Note
Djia
BizFacts
Marion C-store
By Dave DeWitte
Short Stop
Ankeny
Commerce Drive
C.R
By Marlene Lucas
Marlene Lucas
Marienei
Fyiowa
James Drake
Integrated Manufacturing Solutions
Food & Drug Administration
D.M
James Noyce
Farm Bureau Life Insurance Co
EquiTrust Life Insurance Co
Ane
VMF Capital, LLC
Jerry K. Ask Investment Services of
Primus
Hiawatha
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