Stocks mixed as earnings worries weigh on sentiment
Traders faced a choppy session with the Dow up 31.85 to 10 494.50 and the Nasdaq at 2871.45 after a volatile day. Decliners edged advancers 12 to 11 on the NYSE as investors weighed downgrades and a slowing economy. Notable moves included Deere rising to 39. Gillette and Wells Fargo nudged higher while Sealed Air and U S Cellular declined. P&G inked a distribution deal for Jif products with Portion Pac. Airbus signed a $5 billion ILFC jet purchase for 82 aircraft to be delivered 2002–2008.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Deere
Gillette
Wells Fargo
U.S. Cellular
Conexant
Airbus Industrie
International Lease Finance Corp
ILFC
U.S
American International Group Inc
Airbus
EADS
BAE Systems
British Aerospace
Krispy Kreme Beats Forecasts On Q3 Earnings Upgrade
Krispy Kreme Doughnuts reported Q3 earnings of 27 cents a share on $77.9 million revenue, beating a 24 cent consensus and boosting full year guidance to about $1.05 per share. The Winston-Salem firm plans continued aggressive expansion based on strong sales momentum and higher projections for next year.
MENTIONED IN THIS ARTICLE
Krispy Kreme Doughnuts Inc
Wall Street
Winston-Salem
First Call
Thomson Financial
Krispy Kreme
Goodyear Load Range E Tires Under Federal Review
The NHTSA opened a preliminary evaluation into Goodyear Load Range E tires linked to 15 deaths and 31 crashes amid tread separations. About 21 million tires from 1991 to 1999 are under review, with half possibly out of service. Goodyear cites overloading, underinflation, road damage, and higher speeds as contributing factors.
MENTIONED IN THIS ARTICLE
Washington
Firestone
National Highway Traffic Safety Administration
Goodyear
United States
Saudi Arabia
Akron
Aked
NHTSA
Ford Motor Co
Daimler-Chrysler AG
Heating oil demand risks higher prices for Iowa gas
Northeast heating oil demand could push up heating oil and gasoline prices in Iowa as winter tightens. Iowa gas prices average 1.49 a gallon for unleaded with declines recent across the state, while diesel sits at 1.68 and propane remains around 1.00 amid crude and natural gas costs. Fort Dodge and Sioux City report the highest unleaded at 1.53, Council Bluffs lowest at 1.42.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
Lenz
Iowa
Fort Dodge
Sioux City
Council Bluffs
Consumer toy safety report finds hazards still present
The U S Public Interest Research Group reports toys are safer than before but dangerous items such as erasers and makeup sets remain on shelves. PIRG notes 16 children died in 1999 from toy related incidents and 152 600 ER visits occurred that year while Toy Manufacturers of America disputes the figures.
MENTIONED IN THIS ARTICLE
Washington
U.S. Public Interest Research Group
PIRG
Pamela Johnston
Toyland
Johnston
Garst reports Cry9C protein in non StarLink hybrid
Garst Seed Co says a 1998 Garst 8481IT non StarLink corn hybrid contains a small amount of Cry9C protein. The company notes no Cry9C in 1999 2000 crops and is notifying customers, asking Aventis CropScience to provide StarLink logistics access, with a toll free line for growers.
MENTIONED IN THIS ARTICLE
Garst
Gazette Wire Services
Garst Seed Co
StarLink
Garst Seed
David Witherspoon
Aventis CropScience
Deere earnings miss forecasts despite sales surge
Deere & Co reports fourth quarter income of 71.1 million or 30 cents a share on 3.37 billion dollars revenue, and full year net income of 485.5 million or 2.06 per share on 13.14 billion. Analysts had expected 39 cents for Q4 and 2.13 for the year.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Co
Deere
Wall Street
First Call Corp
Also Mentioned on This Page
P&g
Procter & Gamble Co
Portion Pac Inc
Portion Pac
Mason, Ohio
H.J. Heinz Co
Djia
BizFacts
Mexico
Goodyear Complaints
Chris Aked
Northeast
Midwest
By Dave DeWitte
Ource
New Gall Ban
Rachel Weintraub
PRIG
Washington, D.C
Consumer Group
Toy Safety Report
Toy Manufacturers of America
The
Internnet
Toysafety.net
Primus
Cedar River
Mike Barrigar
Timberjack Group
John Deere
Robert Lane
Steve Volkmann
Morgan Stanley
Volkmann
Thomas Kinkade
Panter
America
Coral Ridge Mall
Dillard's
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