Wall Street Edges Higher Amid Mixed Fed Signals
U S stock averages rose as the Dow added 44 points to 8494.27 and the Nasdaq gained 2.1 percent to 1320.23. United Airlines planned overseas route cuts and sought a $1.8 billion loan guarantee while International Paper posted a Q3 profit of 145 million on revenue of 6.4 billion.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Eli Lilly
New York Stock Exchange
United Airlines
Europe
South America
United
Caracas
Venezuela
Santiago
Chile
Dusseldorf
Germany
Milan
Italy
Cedar Rapids
McLeodUSA trims Q3 loss amid revenue slide
McLeodUSA Inc Cedar Rapids reported a third quarter loss of 67.4 million or 25 cents a share as revenues fell to 243.5 million from 319.3 million. The firm lost about 6 percent of customers but boosted sales per customer by 7 percent while focusing on credit-worthy customers and profitable central offices.
MENTIONED IN THIS ARTICLE
International Paper Co
Thomson First Call
George C. Ford
Gazette Cedar Rapids
McLeodusa Inc
Cedar Rapids
McLeodusa
Chris Davis
Davis
Terrapin Coffee Studio opens in Iowa City
David and Robert Meyers open Terrapin Coffee Metro at Iowa Avenue and Linn Street offering a clean open social space. The brothers, former Terrapin Coffee Brewery owners from Coralville, roast their own beans and serve signed drinks and pastries with prices listed. They employ 15 staff and display local art, with hours 7 am to 11 pm daily.
MENTIONED IN THIS ARTICLE
the Gazette
Iowa City
David Meyers
Robert Meyers
Terrapin Coffee Metro
Iowa Avenue
Linn Street
David
Terrapin Coffee Brewery
Coralville
New
Scott Brunnell
Chicago
University of Iowa
Robert
ADM Earnings Fall Despite International Gain On Ethanol Slump
Archer Daniels Midland posted an 18 percent drop in quarterly earnings to 17 cents a share as ethanol prices fell. Revenue rose to 7.5 billion dollars while higher profits from international operations supported results. The company cited the Minnesota Corn Processors acquisition as key to future integration.
MENTIONED IN THIS ARTICLE
Decatur, Ill
Archer Daniels Midland Co
Wall Street
ACM
Thomson First Call
ADM
Cedar Rapids
G. Allen Andreas
Minnesota
Iowa Utilities Board Hears Rate Case Testimony
The Iowa Utilities Board examines Interstate Power and Light Co demand for an 82 million rate increase to fund plant and transmission upgrades. The Office of Consumer Advocate probes ineligible use of Alliant Energy Resources debt guarantees and calls for a 22 million rate cut. Alliant Resources pursues investments in Brazil and China despite drought impacts and diverse business ventures.
MENTIONED IN THIS ARTICLE
Iowa Utilities Board
Des Moines
Interstate Power & Light Co
Cedar Rapids
Iowa
Office of
Consumer Advocate
Interstate
Alliant Energy Resources
Alliant Energy Corp
John R. Perkins
Perkins
Wisconsin
Alliant
Alliant Energy
Brazil
China
Also Mentioned on This Page
Nasdaq
International Paper
Treasury
SciTyme
AP Stockquote
C.R
Telco
Illinois Consolidated Telephone Co
George
Ford
By Marlene Lucas
Jim Hoffman
Gazette
Eee
PCP
Coleman’s Help Desk
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon File
Linden Drive
Marion
Davenport
Waterloo
Nationwide Surplus
Higgenbotham Lictioneersternational Ltd., Inc
Higgenbotham.com
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