Wall Street steady after rate cut despite mixed signals
The market closed near session highs with the Dow down 4.36 at 10872.97 and the Nasdaq up 3.66 to 2085.58. RF Micro Devices rose while Deere Wal Mart U S Cellular and Kohl’s fell amid mixed volume of 1.28 billion shares. Dollar General named Donald S. Shaffer president and COO as Sparked internal probe continues into accounting irregularities.
MENTIONED IN THIS ARTICLE
Iowa
Deere
Wal-Mart
U.S. Cellular
Kohl’s
Dollar General Corp
Sears Roebuck
Donald S. Shaffer
Shaffer
Bob Carpenter
Dollar General
Cal Turner Jr
Securities and Exchange Commission
Dollar General of
Goodlettsville
Tenn
NEW York Stock Exchange
LucentTech
GeniElec
NortelNet
Motorola
American Stock Exchange
Cisco
Oracle
JDS Union
DOW Jones
Ind
Indus
Commod Futures Standard & Poor's
Indust
Transpt
Santa Monica
Calif
Wilshire Associates
Mon- Gey
Big Lots Inc replaces Consolidated Stores Corp name
The national closeout retailer with 1,350 stores will rename to Big Lots Inc to broaden its appeal beyond budget shoppers and will trade on the NYSE under the symbol BLI, replacing CNS. Big Lots, with Cedar Rapids and Des Moines outlets, was founded in 1983.
MENTIONED IN THIS ARTICLE
Consolidated Stores Corp
Big Lots Inc
New York Stock Exchange
CNS
Big Lots
Cedar Rapids
Des Moines
Fed Cuts Rates to Aid Weak Economy in Half-Point Move
The Federal Reserve reduced the federal funds rate to 4 percent, the fifth cut of the year, citing drags on growth including weaker business investment. Banks followed with a 0.5 point drop in prime lending rates to 7.0 percent, while the discount rate fell to 3.5 percent as policymakers warned of recession risks.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Bank of America
Bank One
First Union
Federal Open Market Committee
Kevin Walsh
Chicago Mercantile Exchange
Harkin targets boutique gasoline and MTBE ban
Sen. Tom Harkin denounces 42 gasoline varieties as costly gimmicks and urges a nationwide MTBE ban. He cites 5 percent renewable fuel mandates by 2011 to spur ethanol and biodiesel use, boosting farm commodities and rural jobs.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Tom Harkin
Harkin
Marlenral
Fyiowa
Deere earnings tumble 37 percent amid weak demand
Deere & Co. reported second quarter earnings of 54 cents a share on $3.78 billion in sales, down from 87 cents and $3.79 billion a year earlier. President Robert Lane cited slower markets and higher R&D spending as causes and warned 2001 earnings may not reach last year’s $485.5 million, with a one week Waterloo plant shutdown planned in late June.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
S. Deere
Wall Street
Thomson Financial
First Call
Robert Lane
Deere
Lion
Waterloo
Wal-Mart meets analysts expectations in first quarter
Wal-Mart reports a 4 percent rise in first quarter profit to $1.38 billion and 31 cents per share, with 11.8 percent sales growth to $48 billion. Shares fall after caution that double-digit growth won’t return until the second half of its fiscal year. international profit up 44.3 percent, plans canceled for 50 German super stores.
MENTIONED IN THIS ARTICLE
Little Rock, Ark
Wal- Mart Stores Inc
Wall Street
Wal-Mart
Lee Scott
Thomson Financial
First Call
New York Stock Exchange
Germany
Home Depot Posts Slight Gain in First Quarter Sales
Home Depot reports flat net income of 632 million for the first quarter, with sales up 10 percent to 12.2 billion. Same-store sales slip 3 percent as lumber deflation and weak material pricing impact results despite a 0.4 percent per share improvement.
MENTIONED IN THIS ARTICLE
Atlanta
Home Depot
Wall Street
Expec
Cedar Rapids
Robert L. Nardelli
Nardelli
Also Mentioned on This Page
Kirkwood Ag Center
Kirkwood Community College
National Center For Agriscience
National Science Foundation
Kirkwood Grants Department
SEC
Sunbeam
Sunbeam Corp
Saw
Dunlap
Andersen
Arthur Andersen
Djia
BizFacts
News Hounds
National Associatio of Hispanic
Imnaliste
KRT
Big Oil
Agriculture
The
American Petroleum Institute
Sen
Lowa
Lavn
American Gazette Graphic Petroleum Institute
Lane
Mance
Ae Eee
Aah
Wieel
Third Avenue
Reas
Amex
Biotech
Computer
Finance
Insurance
Telecom
Transport
Associated Press
Jerry K. Ask Investment Services
Primus
Hiawatha
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!