Wall Street Mixed On Earnings With Modest Gains
The Dow rose 36.61 to 9384.23 and the Nasdaq gained 25.76 to 1722.07 as gains slightly outpaced declines. Wells Fargo profits climbed 42 percent to 1.16 billion dollars while Maytag posted a loss of 29.7 million for the quarter, offset by charges and earnings per share adjustments.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
HON Industries
Wells Fargo & Co
First Security Corp
Wells Fargo
Thomson Financial
First Call
Maytag Corp
Maytag
U S Bancorp Posts Sharp Q3 Decline In Profit
U S Bancorp reports a 95 percent drop in third quarter net income to 38.7 million or 9 cents a share from 710.3 million or 42 cents. Loan losses totaled 655 million after taxes with 140 million in merger costs from the Firstar deal. Analysts had expected a penny higher earnings per share.
MENTIONED IN THIS ARTICLE
U.S. Bancorp
Firstar
Wall Street
Thomson Financial
First Call
Four-Week Treasury Bills Rise in Auction
The Treasury sold 6 billion in four week bills at a 2.280 percent discount rate up from 2.250 percent last week. The rate marks the highest since Sept 25 when bills sold at 2.450 percent. The implied yield to investors is 2.311 percent with a 10000 bill priced at 9982.30.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Hollywood cuts production after strike fears and 9/11
Hollywood boosted output last winter to stockpile films but studios have pared back plans fearing a strike and uncertainty about releases after the September 11 attacks.
MENTIONED IN THIS ARTICLE
BizFact
Hollywood
Harkin says farm spending at risk amid budget clash
Senate Agriculture Committee chairman Tom Harkin says the Bush administration seeks to cap farm spending at 25 billion over five years, well below the 73.5 billion set in the budget agreement. House leaders push 73.5 billion for 10 years, while Lugar proposes environmental subsidies and risk management funds.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Senate Agriculture Committee
The
Admin
Tom Harkin
Iowa
Harkin
White House
House
Indiana
Richard Lugar
Lugar
Agriculture
Ann Veneman
Collins Credit Union Branch To Open In November
Darin Chamberlin spreads plant food at the base of a Skyline Locust tree near the Collins Community Credit Union branch at 3160 Wiley Blvd SW. The 7000 square foot facility with four drive through lanes and a drive up ATM will open mid November and staff will relocate from the southwest 606 14th Ave SW branch which remains as a drive through only site with 24 hour ATM. The new branch offers improved access, parking and space for added services such as safe deposit boxes.
MENTIONED IN THIS ARTICLE
Darin Chamberlin
Chamberlin Landscaping
Collins Community Credit Union
Wiley Blvd
14Th Ave
EPA Allows Bt Corn Use to Continue for Seven Years
The EPA renews seven year registrations for Bt corn varieties that produce a toxin to kill the European corn borer. EPA assures no harm to humans or environment and enforces planting restrictions to limit insect resistance. A 1999 study raised monarch caterpillar concerns, but later work lessened the threat.
MENTIONED IN THIS ARTICLE
EPA
Washington
Environmental Protection Agency
Proceedings
The
National Academy of Sciences
Grassley urges bankers to aid terrorism fight
Senator Grassley calls on U S banks to join the war on terrorism by supporting tighter money laundering controls. He argues banks can be key tools, while opponents fear the measures are overly burdensome for the industry. Senator Levin backs keeping the money laundering bill separate to block passage by delay.
MENTIONED IN THIS ARTICLE
Snews Coitessor
Washington
Chuck Grassley
Iowa
America
Grassley
Senate
Treasury and
Justice Departments
House
Carl Levin
D-Mich
World Trade Center
Penford Posts Fourth Quarter Profit Helped By Food Unit
Penford Products Corp reports 0.05 per share earnings in Q4 2001 on $400,000 net income, reversed from 2000. Full year net income $100,000 before debt retirement charge, leaving a 10 cent annual loss. CEO Jeffrey Cook cites Food Ingredient division demand and staff cuts, plus lower gas costs and a slow recovery in paper starch margins.
MENTIONED IN THIS ARTICLE
Penford
Jeffrey Cook
Cook
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Djia
U.S
Buena Vista
Paramount
Warner Bros
Kat Suree
Bruce Knight
National Corn Growers Association
Gazette
Kevin Wol
Collins Credit Union
Steve Johnson
Office of Prevention, Pesticides and Toxic Substances
E. Michael Myers
Michaelm
By Dave DeWitte
David DeWitte
Davidd
Fyiowa
Management
Me Vmf Capital, LLC
Cedar Rapids
Third Avenue
Des Moines
Stree
Clive
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Mfcapital.com
Scott Eltjes
Chris Cook
Jon Augustine
Don Mears
Ivak Construction CO
Pavior
Femme
DeWils Industries
Reston Court
Primus
Gary R. Young
Clo
Ohio National Financial Services
Young
Executive Plaza
First Ave. S.E
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