Wall Street steady on gains as GM restructure weighs
Stocks rose modestly with the Dow up 53.95 to 10,820.28 and the Nasdaq up 14.60 as acquisition news buoyed sentiment while oil prices climbed. A Conference Board report showed leading indicators up 0.9 percent in October after a 0.8 percent drop in September. Landmark Aviation emerges from Piedmont Hawthorne name change at Eastern Iowa Airport.
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Wall Street
General Motors Corp
Dow Jones
Nasdaa
Piedmont Hawthorne
Iowa
Landmark Aviation
Tempe
Treasury bill auction shows mixed results in rates
The Treasury sold 18 billion in three month bills at a discount rate of 3.94 percent up from 3.91 percent, and 16 billion in six month bills at 4.155 percent down from 4.195 percent. Three month bills priced about 9901.50 for 10000, six month at 9791.10. The Federal Reserve also reported one year bill yields rising to 4.36 percent from 4.35 percent.
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Treasury
Treasury Department
Federal Reserve
Wrigley to Sell Trolli Rights and Iowa Plant
Wm Wrigley Jr Co will sell North American Trolli gummy candy trademark rights and a Cres ton Iowa factory to Farleys Sathers Candy Co Round Lake Minn The Cres ton plant employs about 150 workers who will transfer with the deal Wrigley notes its position as a leading gum maker in its statement
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Wm. Wrigley Jr. Co
Iowa
Farley’s & Sathers Candy Co
Round Lake
Minn
Wrigley
Extra
Orbit
Eclipse
Gazette and Wire Reports
GM to Close Plants and Cut Jobs Skirts 30,000 Roles
GM will lay off 30,000 North American workers and close 12 facilities by 2008 as plants in Oklahoma City Lansing Doraville and Ontario shut. Production lines at Spring Hill will shrink while Moraine and Ontario see shifted work. The move targets overcapacity amid declining market share and a $4 billion loss.
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Wagoner
Women grain group marks 18 years of learning and sharing
Five grandmothers gathered at a restaurant to discuss forward cash grain contracts options and marketing influences. Since 1987 they have met monthly as CMG1 members learning grain marketing skills during the farm crisis.
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Cliff Jette
the Gazette
Kitty Redburg
Rowley
Karen Marley
Aurora
Shirley Seamans
Independence
Karen Brandt
Rural Waverly
Janice Wilson
Rural Fairbank
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Cedar Falls
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Edar Falls
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Chicago Board of Trade
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Keep eye on film at airports
The article notes that X-ray scanners in U S airports can damage unprocessed film especially high speed film. Pack film in carry on and request hand inspection when possible though not guaranteed outside the United States. Consider film shielding bags from Sima Products for frequent travelers.
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U.S
United States
Sima Products Corp
Simacorp.com
Leading indicators The Index of Leading Economic Indicators
The Index of Leading Economic Indicators tracks early signals of economic turning points. Analysts watch components such as orders manufacturing employment consumer expectations and stock prices to gauge future growth and inflation trends.
Hurricanes fail to derail U.S. economy says NABE projections
NABE economists expect 2005 GDP growth of 3.6 percent and 2006 growth of 3.3 percent despite hurricane disruptions. Unemployment may fall from 5.5 percent in 2004 to 5.1 percent this year and 5.0 percent in 2006 as the Fed raises rates to curb inflation.
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Washington
National Association For Business Economics
Carl Tannenbaum
Association
LaSalle Bank
United States
NABE
Wilma
Florida
Fed
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