Oil rally rattles investors as stocks slip on higher energy costs
Wall Street markets fell as oil topped $51 a barrel raising concerns that peak energy costs will curb consumer spending and corporate profits. The Dow dropped 38.86 to 10,177.68 while the Nasdaq rose 3.10 to 1,955.50. Yum Brands posted a 13 percent Q3 earnings gain with net income of $185 million and revenue near $2.18 billion.
MENTIONED IN THIS ARTICLE
Chris Wolfe
J.P. Morgan
New York Stock Exchange
Yum Brands Inc
KFC
Thomson First Call
Krispy Kreme to close Ravenna plant in oversupply squeeze
Krispy Kreme Doughnuts will shutter its 4.6 million dollar Ravenna plant on October 16 after citing oversupply and weak demand. The closure affects 75 employees with potential transfers to area stores, following the company’s first quarterly loss since its 2000 IPO.
MENTIONED IN THIS ARTICLE
Krispy Kreme Doughnuts Inc
Northeast Ohio
Winston-Salem
N.C
Ravenna
Krispy Kreme
Amy Hughes
IRS says Brinker chain under reported tips faces 31.4 million tax bill
The IRS claims Brinker International Inc. earned 31.4 million in back taxes by under reporting tips from servers at Chili's Grill & Bar. The agency also voided a 1996 tip reporting contract. Brinker plans to contest the findings in a regulatory filing.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Brinker International Inc
IRS
Brinker
Securities and Exchange Commission
Gazette
News Service
Ex-mayor sizes up Tech Corridor
Cedar Rapids hears ex Mayor of Austin Kirk Watson say education is the region's No 1 priority for growth He cites UT Austin and Kirkwood College as models and urges action plans and community buy in Priority One notes 11 new firms and 1242 jobs adding 1641 million in capital investment to the area George G Ford reports for Gazette Cedar Rapids Iowa City Technology Corridor promotion
MENTIONED IN THIS ARTICLE
George G. Fordime
Cedar Rapids
Austin
Texas
Kirk Watson
Cedar Rapids Marriott Hotel
Watson
Son
Priority One
Tor Hayden
Economic Development Organization
Hayden
Shive Hattery Inc
Charles Rohde
Rohde
Iowa City
Oil prices jump above 51 as Gulf output lags recovery
Crude futures rise past 51 dollars as Ivan's effects linger in the Gulf of Mexico with output well below normal. Analysts debate a speculative bubble while institutions flood energy markets seeking risk hedges and possible shortages.
MENTIONED IN THIS ARTICLE
Washington
Gulf of Mexico
Ivan
Nigeria
Iraq
BPPLC
Mantz Automation opens first Iowa facility in West Liberty
Mantz Automation expands into Iowa with a 13,000 square foot West Liberty operation at 109 N. Miller St. The Hartford Wisconsin firm employs seven locals, serving area manufacturers with molds and thermoset tools. The expansion represents a $500 000 investment aided by local financing and a job training contract.
MENTIONED IN THIS ARTICLE
Gazette
West Liberty
Mantz Automation
Iowa
N. Miller St
Joe Raso
Iowa City Area Development
Raso
Muscatine County
Greater Muscatine Chamber of Commerce and Industry
Eastern Iowa Community College
Innovative Energy Partners to help Iowa schools and farms cut costs
Innovative Energy Partners of Cedar Rapids will partner with the Iowa Farm Bureau Federation and the Iowa Association of School Boards to offer reduced rates and energy management services to members. The firm's offerings include utility bill auditing, payment, and cost-tracking databases, plus independent evaluations of cost effectiveness and potential alternative energy options.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Innovative Energy Partners
Cedar Rapids
Iowa
Iowa Farm Bureau Federation
Iowa Association of School Boards
IEP
Rick Sievertsen
Iowa Farm Bureau
Sievertsen
IASB
Ronald Rice
Association
Texas Utilities veterans form energy company in 2002
Six longtime Texas Utilities specialists formed a new energy firm in January 2002. The company operates in 40 states and plans performance contracting for energy efficiency, which may clash with state public school bidding laws. Sievertsen notes contractors sometimes require customers to buy energy or equipment from them. Contact: David Dewitte.
MENTIONED IN THIS ARTICLE
Texas Utilities
Sievertsen
Innovative Energy Partners
Health care costs rise in single digits for 2005
A new survey says employer sponsored health care costs will grow about 8 percent in 2005, the first single digit rise in five years. The total cost per employee is projected to reach $7,761 with employees paying $1,610 and employers $6,151.
MENTIONED IN THIS ARTICLE
New York
Ron Fontanetta
Towers Perrin
Fontanetta
Also Mentioned on This Page
Yum Brands
Nasdaq
IRS Claims
Scryme
Uuuslowa City
AP Stockquote
AMEX
George.ford
Scotr
Tle
New York Mercantile Exchange
Fadel Gheit
Oppenheimer & Co
Ed Lilliere
Energy Merchant Corp
New
York
Middle East
Silliere
lTi
Marseille
France
Algeria
New York Mercantile
Robert Mantz
COST
David. Dewitte
Gazettecommunications.com
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