Stocks edge higher on late buying despite weak sales
The Dow rose 11.79 to 9,471.55 and the Nasdaq gained 8.94 to 1,855.03 as traders overlooked a soft retail report and weak Oracle software licenses. Investor Susan L. Malley cited valuations tied to improving profits and economy. Week totals showed the Dow down 0.3 percent and Nasdaq down 0.2 percent.
MENTIONED IN THIS ARTICLE
Wall Street
Oracle Corp
Susan L. Malley
Malley Associates Capital Management
New York
Dow
Iowa bank mergers slow as stock prices deflate deals
The 1998 peak of Iowa bank mergers has faded with bear markets lowering prices. Only six Iowa bank M&A transactions occurred in 2002, with potentially fewer in 2003. Prices paid average about two times equity, and major acquirers include Wells Fargo and Bank of America amid ongoing negotiations.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Iowa
RSM McGladrey
Iowa Bank
McGladrey
Wells Fargo
Bank of America
U.S. Bancorp
Union Planters
Union
Microsoft doubles dividend and boosts payout
Microsoft Corp will double its quarterly dividend to 32 cents a share, continuing a modest 0.6 percent yield among Dow peers. The move comes after a prior hope for quicker investor payouts and places Intels 0.3 percent yield as the lowest in the group, while Altria leads at 6.7 percent.
MENTIONED IN THIS ARTICLE
Microsoft
Microsoft Corp
Intel Corp
Altria Group
Philip Morris
Kraft Foods
Rockwell Collins Forecasts Modest 2004 Revenue Rise
Rockwell Collins expects about 2.7 billion in revenue for fiscal 2004 up from 2.55 billion this year as government systems grow while commercial revenues stay flat. EPS seen at 1.40 to 1.50. pension costs weigh on earnings. government sales projected to rise 13 percent.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Rockwell Collins
Jeff Moder
U.S
Clay Jones
Commercial Systems
Grocery prices rise modestly in third quarter survey
The American Farm Bureau survey shows 16 basic items cost $1.48 more than in 2002 Q3, with total average $36.46. Cedar Rapids shoppers would pay $28.19 and Iowa City $35.17. Milk fell 13 cents a gallon. pork chops dropped 10 cents. corn oil rose 22 cents per 32 ounces. Bread rose 12 cents per loaf.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
American Farm Bureau
Cedar Rapids
Iowa City
Bureau
Terry Franci
The
Franci
East Iowa
APAC
McLeod USA
Aegon NV
Alcoa Inc
Mestek
Alliant Energy
Moore Wallace Inc
Nash Finch
Arch Dan Mid Pearson PLC
Bandag Inc
Nh Penford Corp
Caseys Gen Store
Fiserv
Saks Inc
Sealed Air
Genencor Inti Inc
Skyworks Solution
Gen Mills
Gillette Co
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Indis AS
Union Planters
Inti Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohls Corp
US Cellular
Longon
Unova Inc
Verizon Comm
Macc Pry Eat
Marsh & McLennan
WalMart
Maytag
Wells Fargo & Co
Weyerhaeuser
Northwest upgrades C R service to Minneapolis
Northwest Air Link will replace two turboprop aircraft with regional jets on the Cedar Rapids to Minneapolis route, aiming to have them by the holidays or January. A third seasonal Cedar Rapids to Detroit flight becomes permanent, with potential a fourth flight if demand remains strong. East Iowa Airport saw its July passenger enplanements reach a high second for the month.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Northwest Air Link
Minneapolis
Iowa
Pinnacle Airlines
Tim Kintner
Cedar Rapids Airport Commission
Kintner
Cedar Rapids
Detroit
Northwest Airlines
Eastern
Also Mentioned on This Page
Lowa Bank
Lowa
RSM Gazette Graphic
McGladrey Inc
Iowa State Fair
J&j-Merck
P&g
Johnson & Johnson
Merck & Co
Procter & Gamble Co
U.S. District Court
Manhattan
Johnson & Johnson-Merck Consumer Pharmaceuticals Co
Fort Washington
Prilosec Otc
Prilosec
J&j Merck
Sciityme
AP Stockquote
Sara Nedeau
Indianapolis
Abigail
Allison
Circle Centre
Commerce Department
G.R. Industry
Javid
Dewitte
Gaz-“Erammuni
Wlene Jucas
Gazettecommunications Com
Northwest Upgrades
C.R
Airport Commission
Paul Pate
St. Louis
American Eagle Airlines
Thomas Haley
Ashton Place
Roth Ira
Gary Speicner
Sored Ly
Mt. Vernon Rd
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