Wall Street rally boosts Nasdaq to best day on record
The Nasdaq rose 254.37 points or 7.9 percent to 3459.48 as the Dow gained 227.89 to 10527.13. Volume on the NYSE hit 1.01 billion shares with advancers leading decliners. Eastern Iowa stocks showed 28 gains, 14 losses, five unchanged.
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Wall Street
New York Stock Exchange
Iowa
RF Micro Devices
Conexant
National Computer Systems
Fiserv
McLeod
Box Office Receipts for Pokemon Revealed
Box office receipts show Pokemon earning 3 million in three weeks and 14 million in four weeks. Data credited to rev. Research VPAT CARR with graphics by PAUL TRAP in 2000.
MENTIONED IN THIS ARTICLE
Vpat Carr
Paul Trap
Kat
Rain Lifts Eastern Iowa From Ag Drought Amid Needed Further Rain
After steady rainfall, eastern Iowa no longer faces agricultural drought though groundwater and rivers lag in recharging. State Climatologist Harry Hillaker warns more rain is needed, with five to six more weeks of wet weather required for crops and pastures.
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Marlene Lucas
Iowa Crops & Weather Report
Iowa
Harry Hillaker
Hillaker
Sara Lee to shed brands and refocus on core products
Sara Lee Corp announced a broad overhaul led by its new chief executive to streamline operations. The plan keeps brands such as Sara Lee cheesecakes, Playtex bras, and Jimmy Dean sausages while disposing of Coach leather goods and Champion athletic wear. The company aims to raise about 2.5 billion dollars from disposals to fund acquisitions, with CEO-designate Steve McMillan saying the moves sharpen focus and improve clarity for investors.
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Chicago
Sara Lee Corp
Sara Lee
Playtex
Jimmy Dean
Coach Leather Goods
Champion Athletic Wear
Hanes Underwear
Steve McMillan
John Bryan
Foods
McMillan
New York
Wall Street
New York Stock Exchange
Japanese beetle moves into Iowa warns officials
AP reports Japanese beetles, a major turf and landscape pest, may spread across Iowa. entomologist Donald Lewis of Iowa State University warns growers to prepare as grubs damage lawns and adults feed on flowers and foliage. State entomologist John Haanstad notes infestations in Scott and Linn counties with Dubuque also affected. beetles are strong fliers and have spread east from New Jersey since 1916.
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Des Moines
Donald Lewis
Iowa State University Extension Service
Lewis
Illinois
John Haanstad
Iowa
Dubuque County
New Jersey
Japan
Bausch & Lomb abandons Wesley Jessen bid after sale to CIBA
Des Plaines based Bausch & Lomb drops its pursuit of Wesley Jessen VisionCare after accepting a 785 million buyout offer from Atlanta based CIBA Vision, part of Novartis. The deal values Wesley Jessen at about 725 million and would create the world’s second largest contact lens company with 1.4 billion in annual sales and 8,900 employees.
MENTIONED IN THIS ARTICLE
Rochester, N.Y
Bausch & Lomb Inc
Wesley Jessen VisionCare Inc
Des Plaines
Ill
Ciba Vision
Giant
Novartis
Wesley Jessen
Ciba-Wesley Jessen
Consumer confidence rebounds to near record high in May
The Conference Board reports its Consumer Confidence Index at 144.4 in May, near the January peak of 144.7, signaling a sharp turnaround despite Fed rate hikes. The survey shows strong appetite for big purchases with 3.6 percent planning a home purchase and 32 percent aiming for a major appliance, up from April.
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New York
Conference Board
Federal Reserve
Fed
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