Stocks Rally as Jobless Claims Boost Outlook
The Dow rose 247.68 points to 7533.95 and the Nasdaq gained 49.26 to 1163.37 as upbeat forecasts from Yahoo and Aetna buoy sentiment. Mortgage rates fell with the 30 year at 5.98 percent, 15 year 5.34 percent, and one year ARM 4.23 percent, all with about 0.6 point fees. Kroenert Corp in Cedar Rapids remains a support office for MMK in Hamburg, moving from 2640 12th St. SW to 2615 11th St. SW.
MENTIONED IN THIS ARTICLE
Iraq
New York Stock Exchange
Kroenert Corp
Cedar Rapids
Maschinenfabrik Max Kroenert Gmbh & Co
MMK
Hamburg
Germany
Kroenert
11Th St. SW
North America
Mexico
North American
12Th St. SW
Freddie Mac
Featherlite Inc
Fiserv
Saks Inc
Genencor Intlinc
Sealed Air
Gen Mills
Skyworks Solution
Gillette Co
Tanger Factory
Terex Co
Heartland Exo
Heinz
Toyota Mot
Hon Inds
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
US Cellular
Kohls Corp
Unova Inc
Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weyerhauser
Retailers face weak September as shoppers hold back
U S retailers report softer September sales amid job worries and stock market jitters. Wal Mart Target Kohl's and Sears show mixed results as weather and port slowdowns curb holiday merchandise before a potential steep discounting push. Limited Brands and Sales exceed forecasts on a cautious consumer landscape.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
Target Corp
TJX Cos
Kohl's Corp
J.C. Penney & Co. Inc
Limited Brands Inc
Gap Inc
Dillard’s Inc
Sales Inc
Federated Department
Stores Inc. May Department
Stores Co
Sears, Roebuck and Co
Retail sales rise at Limited and Saks beat forecasts
Retail sales data compare September 2002 against the same month last year. Limited shows a 6 percent gain driven by Victoria's Secret, above the 3.9 percent forecast. Saks Inc posts a 3.3 percent gain, underscoring firmer consumer demand.
MENTIONED IN THIS ARTICLE
Limited
Victoria's Secret
Wall Street
Room Service Opens With Artful Decor and Designer Advice
M C Ginsberg launches Room Service in the lower level of 257 E Iowa Ave Iowa City offering kitchen bath and bedroom decor plus design and art history consulting The store supports local arts groups through profits and is part of the Iowa City Gallery Walk from 5 to 8 pm today The concept extends Ginsbergs art and jewelry business established in 1985 with a second gallery in West Des Moines opened in 1997
MENTIONED IN THIS ARTICLE
the Gazette
Iowa City
M.C. Ginsberg
Paris
Mark Ginsberg
West Des Moines
Ginsberg
West High
City High
Iowa Ave
WorldCom ex executives plead guilty in accounting scheme
Betty Vinson and Troy Normand pleaded guilty to conspiracy and securities fraud in Manhattan federal court. Vinson admitted orders in October 2000 to misstate 800 million dollars, with further transfers over 18 months to hide losses.
MENTIONED IN THIS ARTICLE
NEW York
WorldCom
Telecom
Betty Vinson
U.S. District Court
Manhattan
Andrew J. Peck
Troy Normand
Gerard Lynch
Normand
Vinson
Pers
West Coast ports resume work amid lingering resentment
About 10,500 dockworkers returned to their jobs after a court order ended a 10 day shutdown. Managers warned of possible slowdowns as the dispute continued. Gap Inc. estimated shipping delays could cut its holiday clothing profits by up to 60 million dollars.
MENTIONED IN THIS ARTICLE
Oakland
Calif
Bush
U.S
Gap Inc
Also Mentioned on This Page
Peet
Yahoo
Aetna
C.R
AP Stockquote
Local
West Coast
Wal-Mart
Thomson
Target
Kohl's
Source
Associated Press
I.C
By Marlene Lucas
Narlene.lucas
Gazettecommunications.com
Joseph Holloman
David Myers
Scott
Sullivan
Holloman
Sur
Iowa
Money Market Account
GreatAmerica
1St St. SE
FDIC
Crbt
Food & Drug Retailerime Retail Building
Ethene
Marion
Linden
Des Moines
Davenport
Waterloo
Botham Actioneersternational, Ltd., Inc
Higgenbotham.com
USA Today
Cincinnati Life
Cincinnati Life Insurance CO
A.M. Best
F.S. Consultants
C Street
S.W
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