Stocks rise for second straight session after Treasury move
The Nasdaq climbs 9.72 to 2,004.15 and the Dow advances 79.59 to 10,331.88 as investors react to Treasury pressure on China's currency system. Advancers outpace decliners about 2 to 1 on the NYSE with volume near 1.94 billion.
MENTIONED IN THIS ARTICLE
Treasury Department
U.S
New York Stock Exchange
U.S. warns China on currency manipulation risk
The Bush administration urged Beijing to overhaul its currency system, warning that continued pegging of the yuan to the dollar could meet the statute's criteria for currency manipulation. The Treasury report stops short of naming China as violating the law but stresses potential sanctions if trends persist.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
China
United States
Beijing
U.S
Congress
Treasury Department
Department
Treasury
Deere profits rise 27 percent on U S sales rebound
Deere & Co. reports a 27 percent rise in second quarter profit to 604 million dollars as strong farm and construction equipment sales lift US and Canada revenue by 13 percent and 11 percent elsewhere. Per share earnings climb to 2.43 from 1.88.
MENTIONED IN THIS ARTICLE
Deere & Co
Wall Street
United States
Canada
Kentucky Wins Bid to Build Hybrid Camry in Kentucky
Toyota Motor Corp. will produce a gasoline electric hybrid Camry at its Georgetown plant in Kentucky, starting in late 2006. The move marks Toyota's first North American hybrid manufacturing, aided by Kentucky tax legislation favorable to carmakers. California and Canada also pursued the project.
MENTIONED IN THIS ARTICLE
Toyota Motor Corp
Kentucky
Toyota
Georgetown
North America
California
Canada
Three-way merger forms ACH Foam Technologies
Heartland EPS of Washington Iowa will join ACH Foam Technologies in a three way merger that also includes Advance Foam Plastics and Contour Products. ACH, headquartered in Denver, aims to accelerate growth by combining three firms with distinct geographic markets. The combined companies produce block and shape molded EPS products for construction packaging and original equipment manufacturers.
MENTIONED IN THIS ARTICLE
Heartland Eps
Washington
Iowa
ACH Foam Technologies
ACH Foam _ Technologies
Advance Foam Plastics
Contour Products
ACH
John Huepfner
Denver
Fareway to expand Boone distribution facility
Fareway Stores Inc plans a 22 million project at its Boone facility adding 250000 square feet of refrigerated cooler space. The work will create 17 new jobs with an average wage of 15.48 dollars and qualify for sales tax refunds and a 5 percent investment tax credit, with benefits up to 1.2 million dollars. Iowa Department of Economic Development Director Mike Blouin cited the plan.
MENTIONED IN THIS ARTICLE
Fareway Stores Inc
Boone
Iowa
Caribou Coffee plans Coralville location in Coral Valley Market
Caribou Coffee will open a 3,200 square foot store with a drive up window at Coral Valley Market on 25th Avenue this fall. The Minneapolis chain, a major gourmet coffee brand with hundreds of shops in 13 states, will join Bochner Chocolates and an unnamed cell phone business in the building.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gacette
Coralville
Caribou Coffee
Iowa City
Coral Valley
25Th Avenue
Gerry Ambrose
Coral Valley Market
Bochner Chocolates
Cedar Rapids
Outback Steakhouse
Outback
John Hochenedel
Boston
New York NY
Toyota recalls 750000 vehicles over front suspension issue
Toyota Motor Corp recalls 774,856 U S vehicles including 2001 04 Tacoma 2001 02 4Runner and 2002 04 Tundra Sequoia due to ball joint surface scratches risking wear. Six cases in the suspension confirmed none injuries. Canada Japan Australia to follow with free fix for owners starting July.
MENTIONED IN THIS ARTICLE
Washington
Toyota Motor Corp
United States
Toyota
Ming-Jou Chen
Canada
Japan
Australia
Chen
Waterloo firm to expand adding 140 jobs at Ansborough site
Van G. Miller & Associates plans a 50 000 square foot expansion in Sunny Side Heights to house its Homelink division and add 140 jobs. Initial work starts in June with city approval, financed by a 378 000 city contribution and a 50 percent five year tax rebate, plus state grants for roads and RISE funds.
MENTIONED IN THIS ARTICLE
van G. Miller & Associates
Ansborough Avenue
San Marian Drive
Sunnyside Heights
Mike Mallaro
VGM
Homelink
Mallaro
Waterloo
Iowa
Ansborough
San Marian
Morgan Stanley faces punitive damages verdict in Perelman case
An expert said Morgan Stanley can pay 1.8 billion in punitive damages to Ron Perelman after he won 604.3 million in compensatory damages over Sunbeam deal deception. Jurors to decide amount, with a Florida limit of 1.8 billion, while Morgan Stanley plans to appeal.
MENTIONED IN THIS ARTICLE
West Palm Beach
Fila
Morgan Stanley
Ron Perelman
Sunbeam Corp
Florida
Michael Wagner
CRA International
Elizabeth Maass
Maass
Sunbeam
Also Mentioned on This Page
DOW
Nasdaq
Fareway
Rockwell Collins
Geneva
Switzerland
Europe
Dewitte
Waterloo Company
Waterloo Courier
Highway 20
Perelman
Coleman
ICE Furniture Headquarters
Welter
Anes Eiaan Rd
Zazza
Clarion