Stocks surge as economic data boosts Wall Street
Markets rallied with the Nasdaq closing near 22 month highs and the Dow gaining 57.34 points as manufacturing and construction data impressed. Analysts cite dynamite figures and a continued rally since March while noting potential near term pullback.
MENTIONED IN THIS ARTICLE
Wall Street
Alfred E. Goldman
A.G. Edwards & Sons Inc
St. Louis
New York Stock Exchange
New pest resistant corn gains EPA approval
The Environmental Protection Agency approved YieldGard Plus, a corn variety engineered to resist root worm and European corn borer, reducing farmer costs by about $2 billion annually. Monsanto secured marketing rights, with sales to start next year.
MENTIONED IN THIS ARTICLE
EPA
Environmental Protection Agency
Agriculture Department
Monsanto Co
Mixed rates in Treasury bill auction
The Treasury sold 17 billion in three month bills at 0.940 percent discount, unchanged, plus 17 billion in six month bills at 1.025 percent, up from 1.020 percent. The implied yields are 0.960 percent and 1.047 percent for $10,000 bills selling at $9,976.20 and $9,948.20 respectively.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Gazette
Senators and SEC clash over mutual fund abuse scandal
At a Senate hearing, lawmakers fault the SEC for failing to curb after hours and improprieties in mutual fund trading. SEC official Stephen Cutler pledged aggressive action, citing widespread abuses and a quarter of top brokerages aiding illegal trading. NY AG Spitzer warned the restitution bill could exceed $50 billion in management fees and investor payback.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Peter Fitzgerald
R-Ill
Stephen Cutler
SEC
Cutler
Susan Collins
Rlaine
Senate
Securities and Exchange Commis
Ing Mutual Funds
New York
Eliot Spitzer
Spitzer
Manufacturing index hits highest since 2000 in October
ISM manufacturing index rose to 57 in October from 53.7 in September marking a four month gain and the strongest reading since January 2000. Commerce data show September construction spending at a record pace with private housing builders posting a 1.4 percent rise to a record $471.4 billion.
MENTIONED IN THIS ARTICLE
New York
U.S
Sherry Cooper
BMO Nesbitt Burns
Institute For Supply Management
Mark Witner
Wachovia Securities
Charlotte
N.C
Washington
Commerce Department
PMI Snapshot Shows U S Factory Pulse
Purchasing here is a look at the Purchasing Managers' Index tracking overall business activity of more than 350 industrial companies. The report gauges expansion or contraction across manufacturing sectors and signals trends in demand, production, and employment.
Energy Efficiency Fair at Westdale Mall Saturday
Consumers can learn energy saving tips and sign up for programs at the 2003 Energy Efficiency Fair in Cedar Rapids. The free event runs 9 a.m. to 3 p.m. at Westdale Mall with Alliant Energy MidAmerican Energy and the city as sponsors.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Westdale Mall
Alliant Energy
City of
MidAmerican Energy
Don Zeman
Homefront
Iowa corn harvest nearing completion across state
Iowa reports 91 percent of corn harvested and soybeans already finished as winter nears. East Central District shows 88 percent done with Linn and Johnson counties in the mix. Rain and snow with varying precipitation affected soil moisture and topsoil levels across the state this past week. Contact: Marlene Lucas.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
East
Linn
Johnson
Iowa Agricultural Statistics
Iowa
Northwood
Minnesota
Worth County
Mount Ayr
Missouri
Ringgold
East Central District
Rabobank to Acquire Ag Services of America for 47 Million
Rabobank International signs a definitive agreement to buy Ag Services of America for 8.50 a share in cash, about 47 million, with a 39 percent premium to the Friday close. The deal awaits shareholder and regulatory approval and is expected to close by December 31.
MENTIONED IN THIS ARTICLE
Cedar Falls
Dow Jones/AP
Ag Services of America Inc
Rabobank International
Netherlands
Rabobank Group
Ag Services
U.S
Rabobank
VIB Corp
Cali
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