Wall Street Rises on Earnings News and Rates Edge Up
Stocks gain with IBM led advances as the Dow climbs about 239 points to 8275.04 and the Nasdaq adds 39.87. Gateway posts a $46.8 million third quarter loss. Sears warns of fourth quarter shortfall after a 32 percent drop. Mortgage rates edge higher, with 30-year fixed at 6.15 percent.
MENTIONED IN THIS ARTICLE
IBM
Wall Street
New York Stock Exchange
Gateway Inc
Gateway
Thomson First Call
Sears, Roebuck and Co
Sears
Lands’ End
East Iowa
Chy. McLeod USA
APAC
Aegon NV
McLeod USA A Alcoa Inc
Mestek
Moore Corp
Alliant Energy
Nash Finch
Arch Dan Mid
Pearson PLC
Columbus McKinnon
PepsiCo
Come
Fed
Procter Gamble
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Fastenal Co
Raicorp Holding
Featherlite Inc
Rockwell Collins
Fiserv
Saks Inc
Sealed Air
Genencor Intlinc
Skyworks Solution
Gen Mills
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Old Fire Cas
Inti Paper
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon File
Unova Inc
Macc Pry Eat
Verizon Comm
WalMart
Housing Starts Jump to 16 Year High as Sept Activity Surges
September housing starts rose 13.3 percent to a seasonally adjusted annual rate of 1.84 million, the highest since June 1986, while factory output fell 0.1 percent, signaling uneven recovery as storms and geopolitical tensions weigh on industry. Federal Reserve noted declines in car appliances and machinery production. Economists cited tightrope recovery and stronger housing underpinnings.
MENTIONED IN THIS ARTICLE
Washington
The
Federal Reserve
Iraq
Fed
Gulf of Mexico
Job outlook dims in September in Iowa
The Gazette reports Iowa unemployment rose to 3.9 percent in September from 3.7 in August, with 1,400 more unemployed statewide. Local rates were little changed. Iowa City at 3.1 percent and Cedar Rapids down to 4.5 percent. Retail losses and weak services offset gains in education and government hiring.
MENTIONED IN THIS ARTICLE
the Gazette
Iowa City
Cedar Rapids
Ann Wagner
Wagner
Iowa
Richard Running
Delta plans large job cuts amid slow economy
Delta Air Lines announced Thursday it will cut 7 000 to 8 000 jobs. The Atlanta based carrier has slashed 21 000 positions, about 25 percent of its workforce, since the Sept 11 attacks. It posted a 326 million dollar third quarter loss and said no near term improvement is visible.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines
Delta
Alliant debt rating under Moody's scrutiny amid nonregulated bets
Moody's placed short term notes of Alliant and Alliant Energy Resources under review for downgrade and also reviewed the long term debt of Interstate Power & Light and Wisconsin Power & Light. The move follows 65 percent of $2.3 billion capital spending in nonregulated ventures since 2000 and a rise in overall debt to about $8 billion.
MENTIONED IN THIS ARTICLE
Alliant Energy
Moody’s Investors Services
Alliant
Alliant Energy Resources
Moody’s
Iowa
Interstate Power & Light
Thomas Walker
Mg&e Energy
Madison
Allianz
Alliant’s
Wisconsin
Penford posts higher earnings and sales growth for 2002
Penford Corp reports fourth quarter 2002 net income of 1 million or 13 cents per share on sales of 61.2 million, aided by a 500 thousand non cash charge. Full year 2002 net income reaches 3.8 million or 49 cents per share with sales at 231.5 million. CEO Thomas Malkoski cites rebuilding success and a growth strategy driven by advanced processes for natural products.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Denver
Penford Corp
Penford Products
Cedar Rapids
Penford
Also Mentioned on This Page
Freddie Mac
AP Stockquote
Local
Echo Park
Los Angeles
Bill Cheney
John Hancock Financial Services
Joel Naroff
Naroff Economic Advisors
By Dave DeWitte
Jackson County
Iowa County
Bremer County
Iowa Workforce Development Gazette
the Review
David Dewitte
Thomas Malkoski
Malkoski
George. Ford
Gazettecommunications.com
Fortune 500 Food & Drug Retaile
Linden Drive
Marion
Des Moines
Davenport
Waterloo
Higgenbotham Actioneersternational Ltd., Inc
Higgenbotham.com
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