Inflation Barely Rises as Energy Prices Fall Amid Fed Options
August CPI gained 0.1 percent while energy costs dropped, signaling tame inflation. Analysts say the milder inflation gives the Federal Reserve room to cut rates to cushion the economy after terrorist attacks. Labor Department data show July had a 0.3 percent drop, the largest in 15 years. Prentiss Properties taps Alliant Energy Integrated Services for a nationwide strategic energy plan to cut costs across its Dallas based portfolio. Alliant Energy Integrated Services is the Cedar Rapids based non regulated unit of Alliant Energy Corp.
MENTIONED IN THIS ARTICLE
Federal Reserve
Labor Department
Fed
Prentiss Properties
Dallas
Texas
Alliant Energy Integrated Services
United States
Prentiss
Cedar Rapids
Madison
Wis
Wheat Prices Drop After Sell-Off at Chicago Board
Wheat futures slipped as a major commodities firm sold off near the close on Tuesday. Corn and soybeans also moved lower despite earlier gains from improving crop conditions, with oats rising slightly as markets reassessed prices.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Best Buy earnings rise on strong software sales
Best Buy Co. Inc. posted a 10 percent rise in second quarter earnings to 39 cents a share with $85 million profit as sales climbed 31 percent to $4.16 billion. Strong entertainment software and digital product demand exceeded Thomson Financial/First Call estimates of 38 cents a share.
MENTIONED IN THIS ARTICLE
Best Buy Co. Inc
Best Buy
Eden Prairie
Minn
Thomson Financial
First Call
Treasury four week bill rates fall at auction
The Treasury sold 12 billion in four week bills at a 2.250 percent discount rate down from 3.430 percent last week. The 10 000 bill sells for 9 982 50 giving an investor yield of 2.285 percent. USDA tightens import rules on Japanese meat over mad cow and foot and mouth disease concerns.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Agriculture Department
USDA
United States
Ed Curlett
Animal and Plant Health Inspection Service
Cooler heads prevail on Wall Street
The Dow fell near a three year low as fear of terrorism drove a sharp sell-off yet steadied. Analysts note cooler heads and a buy stance among clients as more defense and security stocks draw attention and long term costs of terrorism weigh on valuations. Airlines show limited recovery while tech, blue chips, and Wal Mart gain ground.
MENTIONED IN THIS ARTICLE
Daii Rauscher
Cedar Rapids
Myers
U.S
Wall Street
Anand Vish
University of Iowa College of Business Administration
Ex-Goss workers protest bounced paychecks at Cedar Rapids plant
About 100 Machinists Local 831 members picketed Goss Graphics Systems in Cedar Rapids after the Aug. 31 shutdown. They allege bounced paychecks and seek $2,000 to $10,000 per worker plus continued health benefits while Goss pursues Chapter 11. The union also targets WARN Act claims and possible court action in Chicago.
MENTIONED IN THIS ARTICLE
Dave DeWitte Wuzette
Cedar Rapids
Goss Graphics Systems
Goss
Bowling St
David Stamp
Stamp
Mike Poulton
Machinists Local 831
Ken Clark
U.S
District of
Iowa
Michael Melloy
Local 831
Joe Ironside
Chicago
Warn Act
McLeodUSA Stays in Penny Range Amid Market Worries
McLeodUSA stock lingered in penny territory ending down 6.7 percent to 8.4 cents after dipping below $1 earlier in the session. XO Communications rose to 97 cents while Allegiance Telecom fell to 8.43 dollars after a Morgan Stanley downgrade. analysts linked moves to industry pressures and terrorism fears.
MENTIONED IN THIS ARTICLE
Bell
XO Communications
CLEC
Allegiance Telecom
Morgan Stanley
McLeod- USA
David Myers
Daii Rauscher
Cedar Rapids
New Cedar Rapids Bank Plans to Open Sept Eight
Cedar Rapids Bank and Trust Co. received charter approvals from Iowa regulators the Fed and FDIC. The Great America Building site at 625 First St SE will host its opening on Sept 28. The holding company raised 5.2 million in a private stock placement to capitalize the bank at 10 million with up to 15 million potential. Directors named include Henry Royer as chair Patrick Baird Arthur Christofferson Ann Lipsky Chuck Peters and John Rife.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Cedar Rapids Bank
Cedar Rapids Bank and Trust Co
Iowa Superintendent of Banking
Federal Reserve Bank of Chicago
Federal Deposit Insurance Corp
Washington, D.C
Larry Helling
Cedar Rapids Bank and Trust
Great America
First St. SE
Town Centre
Helling
Cedar Rapids Bank & Trust
Nounced
Henry Royer
Berthel Fisher Planning Inc
Royer
Merchants National Bank
Firstar Bank-Cedar Rapids
Patrick Baird
Aegon USA Inc
Arthur Christofferson
McLeodusa Publishing Co
Ann Lipsky
Smulekoff's
Chuck Peters
Gazette
Also Mentioned on This Page
Alliant Unit
By Dave DeWitte
Vish
AMR
American Airlines
UAL
United Airlines
Wal-Mart
IBM
Brian Murphy
Robert W. Baird
David DeWitte
Davidd
Jim Osborn
Bowling Street
Kelly West
McLeodusa
Jerry K. Ask Investment Services
o@p
Semry K Ash
New C.R. Bank
George Ford
Georgef
Tyiowa
John Rife
Primus
Hiawatha
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