Wall Street Ends Week With Modest Gains On Light Volume
Wall Street closed on a quiet note before the holiday weekend with the Dow rising 7.36 to 8,601.38, the Nasdaq up 2.54 to 1,510.09, and the S&P 500 1.35 higher at 933.22. For the week the Dow fell 0.9 percent, Nasdaq dropped 1.9, and the S&P 1.2. Advancers beat decliners about 2 to 1 on the NYSE with a light 1.54 billion shares traded.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Dow
S&p
New York Stock Exchange
Gateway layoffs widen after turnaround plan
Gateway Inc. will cut 115 jobs to restore profitability. Bob Sherbin said 75 cuts are in Sioux Falls South Dakota, three in North Sioux City, and 37 in Kansas City. The company posted a net loss of 200 million dollars for the quarter ended March 30.
MENTIONED IN THIS ARTICLE
Gateway Inc
Bob Sherbin
Sioux Falls
S.D
North
Sioux City
Kansas City
Gateway
Prudential to Sell Insurance Units in 47 States for 673 Million
Prudential Financial will sell its property and casualty insurers in 47 states to Liberty Mutual Group for 413 million in notes and its asset portfolio to the Palisades Group in a separate 260 million arrangement. The Liberty deal funds a major shift in Prudential’s holdings while the Palisades agreement adds to the firm’s restructuring plan.
MENTIONED IN THIS ARTICLE
Prudential Financial Inc
Liberty Mutual Group
Palisades Group
Tax cut complex promises bigger paychecks and pitfalls
The 330 billion tax cut is set to raise take home pay for many workers and benefit families with child credits, while easing some brackets for married couples. It also risks a mid year withholding adjustment and more complicated filings next year as taxpayers adjust to new marginal rates and deductions.
MENTIONED IN THIS ARTICLE
Washington
Tom Ochsenschlager
Grant
New Humane label aims to improve livestock treatment
A new Certified Humane Raised & Handled label will appear on meat dairy eggs and poultry products. Humane Farm Animal Care backed by 10 groups certifies farms meeting welfare standards with annual inspections and modest royalties.
MENTIONED IN THIS ARTICLE
Ryan Bapst
Hedge Apple Farms
Buckeystown
New
Buckeystown, Md
Humane Raised & Handled
Adele Douglass
Humane Farm Animal Care
Ple
U.S. Agriculture Department
Randall Jones
Agricultural Marketing Service
United States
KFC
Beef packing plant to open in Tama Iowa
Iowa Quality Beef Supply Cooperative will open its Tama beef packing plant on July 21 after renovation delays. The project requires raising $1.6 million in equity, with 880 cattle producers already members and commitments from others. The plant will start with about 400 jobs, rising to 600 with production.
MENTIONED IN THIS ARTICLE
Tama
Iowa
Joel Brinkmeyer
Iowa Cattlemen’s Association
Ron Demerin
Carolinas
Georgia
Kentucky
Demerin
Richard Gibson
Louisiana Guard contract boosts Cedar Rapids firm profile
C R firm SEC Services of Cedar Rapids wins a 20 million, indefinite delivery indefinite quantity contract to upgrade Louisiana National Guard facilities including security work. Most tasks at Jackson Barracks and England AFB. The deal expands SEC’s bid reach to Colorado Texas Oregon and Mississippi with new offices to support the project.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
LEC Services of
Louisiana
U.S
McLeodusa
SEC
Dan Stone
Guard
Army National Guard
Air National Guard
Steven Blum
National Guard
LEC
New Orleans
Alexandria
Louisiana Guard
Disney Signals Possible Sale of Disney Store Chain
Walt Disney Co may sell its Disney Store chain in North America and Europe as part of cost cutting. Andy Mooney says a buyer could be found if decision to sell is made. Store closures have reduced North American outlets from 522 to 387 with more cuts anticipated. Peter Whitford has resigned as head of the chain and other executives face layoffs.
MENTIONED IN THIS ARTICLE
Los Angeles
Walt Disney Co
ABC Television Network
North America
Europe
Disney
Disney Consumer Products
Andy Mooney
Clos
Peter Whitford
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Prudential Financial
Qwest Exec
Qwest Communications International Inc
Jeffrey Pearl
Qwest
Kate Warden
Polk County
MidAmerican Energy
David Sokol
Sokol
MidAmerican
Warren Buffett
Omaha, Neb
Walter Scott
Doug Anderson
News Service
Iowa City
AP Stockquote
Local
Don Weigandt
J.P. Morgan
Thornton LLP
Internal Revenue Service
Lan
Center On Budget and Policy Priorities
Mark Luscombe
CCH Inc
Gallup
Douglass
Certification Coalition
Florida
Coop
Gibson
Co-Op
Green Bay
Wis
C.R
By Dave DeWitte
Lee Seydel
Fort Worth
Texas
Rochester
Minn
East Iowa
Mcleod USA
APAC
Aegon NV
McLeod USA A
Alcoa Inc
Mestek
Alliant Energy
Moore Corp
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Caseys Gen Store
Penford Corp
Columbus McKinnon
PepsiCo
Procter Gamble
Fedian
Fiserv
Saks Inc
Genencor Intline
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Terex Co
Heartland Exp
Heinz
Toyota Met
Hon Indis
Union Planters
Intl Paper
Fire Cas
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Unova Inc
Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
Gary Speicher
Financial
Mt. Vernon Rd
Eastedor Rapids
Uni-K
Thomas Haley
Ashton Place
Edar Rapide
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