Bush victory fuels Wall Street rally and boost for stocks
Wall Street welcomed President Bush's re election with a solid rally as oil prices rose. The Dow added 101.32 to 10137.05 and the Nasdaq rose 19.54 to 2004.33 with advancers ahead of decliners. Rockwell Collins CFO Larry Erickson to retire at year end. Patrick Allen to succeed him.
MENTIONED IN THIS ARTICLE
Wall Street
Bush
Washington
Sam Stovall
Standard & Poor’s
New York Stock Exchange
Rockwell Collins
Larry Erickson
Patrick Allen
Collins Commercial Systems
Erickson
Collins
Clay Jones
Allen
Rockwell International
Jeffery Silver
Chicago Mercantile Exchange
Adidas recalls 187000 pairs of Superstar Ultra and Pro Team shoes
The CPSC said Adidas recalls about 187000 pairs of basketball shoes due to heel sole tearing risk. Two injury reports, including a sprained ankle, were logged. Consumers should stop using the shoes and call Adidas at 1 877 568 4632 for a prepaid return label and refund or gift certificate.
MENTIONED IN THIS ARTICLE
Adidas
Consumer Product Safety Commission
Portland
IAC Reports Strong Q3 Profit Rise Despite Revenue Dip
IAC/InterActiveCorp, owner of Home Shopping Network Expedia Hotels.com and Access Direct, posted a 3Q net income of 89.5 million dollars versus 18.7 million a year earlier. Revenue declined 6.5 percent to 1.5 billion dollars from 1.61 billion.
MENTIONED IN THIS ARTICLE
IAC
InterActiveCorp
Expedia and
Hotels.com
Access Direct
Cedar Rapids
Gazette
Rockwell Collins posts strong 2004 gains on orders and sales
Rockwell Collins reports 2004 earnings of $1.67 per share, up 17 percent, with sales up 15 percent to $2.93 billion. Fourth quarter earnings rose 20 percent to 48 cents a share as defense and NSX unit contributions drive growth. CEO Jones cites 2005 guidance of $1.85 to $1.95 per share and $3.2 billion revenue.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Rockwell Collins
Collins
NSX
Collins Government Systems
Defense Advanced
Combat Systems
Clay Jones
Jones
Wall Street
Wall Street bets on Bush victory boosting markets
Following Bush's victory, Wall Street expects private Social Security investments, corporate tax cuts, and dividend tax relief to lift financial stocks. Banks, insurers, and funds may gain as individuals gain asset control and seek management advice. Defense, oil, and drug sectors also benefit from a friendlier policy outlook.
MENTIONED IN THIS ARTICLE
New York
Bush
Wall Street
Alaska
Congressional
Congress
Ken McCarthy
vFinance Investments Inc
Crude futures rise as supplies tighten and Ivan impact felt
Oil futures climb to 50.88 a barrel amid a government report showing higher U.S. crude stocks and tighter heating oil inventories. Traders weigh the Bush Kerry election outcomes against ongoing supply concerns including Gulf of Mexico recovery after Hurricane Ivan, Yukos solvency talk, Nigerian strikes, and a Virgin Islands refinery cut.
MENTIONED IN THIS ARTICLE
U.S
President Bush
John Kerry
Gulf of Mexico
Ivan
St. Croix
U.S. Virgin Islands
Storms push insurers to record third quarter losses
Eight catastrophes including Hurricanes Charley Frances Ivan and Jeanne caused 21.3 billion dollars in insured property losses in Q3 2004, with Florida bearing the largest share at 17.5 billion. The year to date losses reach 24.7 billion, second only to 2001.
MENTIONED IN THIS ARTICLE
New York
Charley
Frances
Ivan
Jeanne
New Jersey
Insurance Services Office Inc
Andrew
Dave Dasgupta
Insurance Services Office
Dasgupta
Florida
Alabama
Georgia
Jeanne Salvatore
The
Insurance Information Institute
Demand for factory goods slips in September
U S factory orders fell 0.4 percent to 368.3 billion in September, marking back-to-back declines for the first time since 2002. Durable goods rose 0.2 percent with computers and electronics up 9.6 percent led by military communications equipment, signaling a slower manufacturing pace but ongoing growth.
MENTIONED IN THIS ARTICLE
Bush
Hans Olsen
Washington
U.S
Commerce Department
Mark Zandi
Economy.com
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AP Stockquote
Dave DeWitt
Iraq
Afghanistan
Javid
Dewitte
Gazettecommunications
Bingham Legg Advisers
McCarthy
Associated Press
eThe
Yukos
Nigeria
Tom Bentz
BNP Paribas Commodity Futures
Department of Commerce
Zazza‘s Clarion Hotel
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