Wall Street extends rally as Wal-Mart downgraded
Investors push stocks higher despite Goldman Sachs downgrade of Wal-Mart to market. Dow gains 58.47 to 8427.41, Nasdaq up 26.19 to 1326.73. Bond and tech sectors show mixed moves as WorldCom and EDS trade war over unpaid services in bankruptcy court. Treasury plans 10 billion in new debt through two auctions next week amid deficit news.
MENTIONED IN THIS ARTICLE
Wall Street
Wal-Mart
Goldman Sachs
New York Stock Exchange
Treasury Department
Treasury
Bush
Rockwell Collins tops forecasts in tough year end results
Rockwell Collins finished its first year as an independent company with a 38 cent diluted EPS for the quarter ending Sept 30 beating analysts’ consensus by 4 percent. Full year earnings were 1.28 per share on a pro forma basis despite a 24 cent quarterly loss from one time charges. The firm cited demand weakness after the Sept 11 attacks and reduced commercial aviation purchases but saw 8 percent growth in Government Systems sales aided by UK Bowman program deliveries and C 130 and helicopter projects. Free cash flow rose to 397 million as staff cost controls supported bolt on acquisitions and buybacks.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Rockwell Collins
Rockwell Collins Commercial Systems
United Kingdom
Bowman Communications
Jones
Kieran Hurson
Midwest Research
Thomson First Call
Jeff Halpern
Sanford C. Bernstein
Qwest
Pork checkoff ruling divides Iowa hog producers
Iowa hog farmers react to a federal judge ruling the USDA pork checkoff unconstitutional. Some hail the decision as a relief from an unfair program benefiting large operations, while others fear loss of funded consumer information and marketing research. The National Pork Board argues the checkoff supports future growth and collective marketing.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
U.S. Department of Agriculture
U.S
Richard A. Enslen
Dale Leslein
Durango
Craig Christensen
National Pork Board
Christensen
Ogden
National Pork Producers Council
USDA
Ann Veneman
Slow economy boosts SBA startup loan approvals in Iowa
George C. Ford reports 527 SBA guaranteed loans totaling 101.0 million dollars in fiscal 2002 ending Sept 30, up 8.5 percent in loans and 19 percent in dollars from 2001. Cedar Rapids and Des Moines offices combined for 525 loans totaling 101.0 million within Iowa, plus four loans in neighboring states.
MENTIONED IN THIS ARTICLE
George C. Fordne Gazett
U.S. Small Business Administration
Iowa
SBA
Cedar Rapids
Des Moines
SBA Loan Guarantees Aimed at Small Businesses
SBA spokesman Dave Lentell says the agency backs up to 85 percent of loans up to 150000 dollars and 75 percent on larger loans. The guarantee fee is usually passed to borrowers.
MENTIONED IN THIS ARTICLE
SBA
Dave Lentell
Qwest Posts Wider Third Quarter Loss Amid Restatement
Qwest Communications International reports a widened third quarter loss of 214 million dollars, with revenue down 13.2 percent to 3.8 billion. The company cites competitive pressure, broader economic factors, and data-business reductions, while noting planned restatements and asset write-downs.
MENTIONED IN THIS ARTICLE
Denver
Qwest Communications International Inc
Qwest
Des Moines magazine publisher posts loss and gains
The Des Moines based publisher DES MOVIES posted a first quarter net loss of 69.3 million dollars or 1.36 per share due to an accounting change and one time costs from acquiring a TV station. Excluding charges the company earned 16.5 million dollars or 0.32 per share as ad sales rose.
Also Mentioned on This Page
Nasdaq
IBM
Samuel Palmisano
International Business Machines Corp
Palmisano
Louis V. Gerstner
WorldCom
EDS
WorldCom Inc
Electronic Data Systems Corp
New York
Plano
MCI
Iowa City
AP Stockquote
Local
By Dave DeWitte
Hurson
Avid
Dewitte
Gazettecommunications.com
Fashion House
Yves Saint Laurent
Paris
YSL
SBA Loans
Cedar Rapids District
D.M. Magazine
Thomson
Atlanta
William Kerr
Kerr
McLeod USA
APAC
Aegon NV
Alcoa Inc
Mestek
Alliant Energy
Moore Corp
Nash Finch
Arch Dan Mid
Pearson PLC
Bandag Inc
Caseys Gen Store
Penford Corp
Columbus McKinnon
PepsiCo
Comel Fed
Procter Gamble
Deere Co
Qwest Commun
RF Micro Devices
Dillards Inc
Fastenal Co
Ralcorp Holding
Featherlite Inc
Fiserv
Saks Inc
Genencor Intinc
Sealed Air
Gen Mills
Skyworks Solution
Tanger Factory Gillette Co
Heartland Exp
Terex Co
Heinz
Toyota Met
Hon Inds
Union Planters
Intl Paper
Old Fire Cas
US Bancorp Keane Inc
Kohis Corp
US Cellular
Unova Inc
Verizon Comm
Marsh & McLennan
WalMart
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!