Housing Start Figures Spark Small Stock Rally
Lower than expected housing data lifted Wall Street on Tuesday as investors hoped the cooling economy would delay aggressive rate hikes. The Dow rose 61.60 points to 9,968.51 and the Nasdaq climbed 21.18 to 1,897.82, with advancers ahead of decliners by about five to two on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Commerce Department
Federal Reserve
Iowa workers comp rates rise 25 percent in three years
Iowa workers compensation premiums have climbed 25 percent in three years while claims have fallen. Insurance officials warn of rising medical costs and a changing loss severity, with trucking and temp agencies facing sharp rate impacts.
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Iowa
The
Gazette
Therese Vaughan
Cedar Rapids
Vaughan
National Council On Compensation Insurance
Pete Layton
TrueNorth Companies
Cedar Rapids Insurance and Financial Services Company
Layton
Cambridge Tempositions
Mike Cambridge
University of Iowa
Cambridge
Brasher and Weiser
Home Depot posts 21 percent earnings jump in quarter
Home Depot reports a 21 percent rise in first quarter earnings to 1.10 billion dollars or 49 cents a share on 17.55 billion dollars in revenue. Analysts expected 43 cents a share as the retailer touts better service and strong sales.
MENTIONED IN THIS ARTICLE
Home Depot
Wall Street
Thomson First Call
Cresco Pine Needles Quilt Shop Named Great Quilt Shop
Iowa shop owner Jill Reicks earns national notice as Pine Needles Quilt Shop in Cresco is named a great quilt shop in the 2004 Quilt Sampler magazine. The Cresco store opened in 1999 and features 7,000 square feet with over 200 quilts, while a Cedar Rapids hub opened in 2003. Parties mark the honor at both locations May 27–29 in Cresco and May 3–5 in Cedar Rapids.
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Laura Segall
the Gazette
Jill Reicks
Pine Needles Sewing Center
Cedar Rapids
Pine Needles Quilt Shop
Cresco
American Patchwork & Quilting Magazine
Reicks
Blairs Ferry Rd
Jennifer Keltner
Des Moines
Keltner
Pinecones Club
Second Ave
Deere earnings surge 86 percent on rebounding economy
Deere & Co. reported second quarter net income of 477 million dollars or 1.88 per share for the quarter ended April 30, up 86 percent from a year ago. Revenue rose to 5.87 billion, with US and Canada sales up 39 percent and outside North America up 32 percent.
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Moline
Thomson First Call
Deere
Robert Lane
United States
Canada
North America
Iowa seeks exclusion from foreign trade rules
Iowa joins Minnesota Missouri and Pennsylvania in urging U S trade negotiators to exclude their states from new foreign trade contracts. In a May 3 letter Governor Tom Vilsack says Iowa will not abide by rules in the Australian trade agreement and future pacts, citing loss of manufacturing jobs and a push to favor in state businesses.
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Des Moines
U.S
Iowa
Minnesota
Missouri
Pennsylvania
Tom Vilsack
Robert Zoellick
Bush
World Trade Organization
Zoellick
Vilsack
Bush renominates Greenspan as Fed chairman
President Bush renominated Alan Greenspan to lead the Federal Reserve, praising policies that spurred growth and signaling stability to markets. Greenspan, 78, would begin a fifth term if confirmed by the Senate after being first named by Bush in 2003.
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Bush
Greenspan
Fed
Washington
Alan Greenspan
Federal Reserve
America
Senate
Federal Reserve System
Genencor Develops Enzymes to Neutralize Sarin Nerve Gas
Genencor International announced it has produced research-sample quantities of enzymes capable of neutralizing sarin nerve gas. The Palo Alto company will provide samples to firms forming sprays foams and detergents for military and civilian emergency responders. The effort stems from a three month old collaboration with the U.S. Army ECBC.
MENTIONED IN THIS ARTICLE
Genencor
Genencor International
Palo Alto
Calif
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National Federation of Independent Businesses
Scott Weiser
Iowa Motor Truck Association
Weiser
David. Dewit
Interstate Power
Interstate Power and Light Co
Emery
Mason City
Ip&l
Alliant Energy
Tom Aller
Whirlpool
Mexico
Whirlpool Corp
Clyde
Ohio
Marion
Ramos Arizpe
Ft. Smith
Ark
Evansville
Ind
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Tenn
Tulsa
Okla
Findlay
Schyme
Iowa City
AP Stockquote
Quilting Magazine
By Marlene Lucas
Mariene.lucas
Gazettecommunications.com
Devel
Oped
U.S. Army Edgewood Chemical Biological Center