Wall Street Advances on Strong Earnings and Dollar Worries
Wall Street rose as Morgan Stanley and other firms posted solid results helping offset concerns about a weak dollar. The Dow gained 0.4 percent to 9,576.04 while the Nasdaq rose 1.5 percent to 1,901.72 as advancers outpaced decliners 9 to 5 on the NYSE with moderate volume of 1.69 billion shares.
MENTIONED IN THIS ARTICLE
Wall Street
Morgan Stanley
Bryan Piskorowski
Wachovia Securities
New York Stock Exchange
Illinois bike maker faces million payout over delayed injury reports
Brunswick Corp of Lake Forest agreed to pay 1 million to settle federal charges it delayed reporting 31 serious incidents involving defective Mongoose and Roadmaster forks. Forks broke in normal use causing riders to fall with head and face injuries. 103,000 bikes recalled between May 2000 and April 2002. The case highlights CPSCs safety actions and product recall timelines.
MENTIONED IN THIS ARTICLE
Illinois
Brunswick Corp
Lake Forest
Consumer Product Safety Commission
Older workers plan to stay in job into 70s and 80s
AARP survey finds about 45 percent of older workers expect to work past 65 with 27 percent aiming for their 70s and 18 percent into their 80s or longer. The Washington based group notes retirement postponement trend continues.
MENTIONED IN THIS ARTICLE
The
AARP
Washington, D.C
Grassley presses Mexico to repeal corn syrup tax
Senator Grassley warned of punitive tariffs on Mexican agricultural imports if Mexico does not lift a near 20 percent tax on soft drinks using high fructose corn syrup. He cited harm to U S corn farmers and Iowa producers and urged quick repeal during a Senate Finance Committee hearing. Mexico proposed repealing the tax but trade issues persist affecting pork corn beef rice apples and dry beans, key Iowa exports.
MENTIONED IN THIS ARTICLE
E. Michael Myers
Washington
Chuck Grassley
Iowa
Mexico
Grassley
U.S
United States
Senate Finance Committee
NAFTA
Krebs Flower Shop to Close After 150 Years in Cedar Rapids
Alvin Krebs 83 and Ruth Ann 80 announce Krebs Flower Shop and Greenhouses will close after decades of serving area restaurants and stores. Rising natural gas costs, aging owners, and a seven day a week workload prompt retirement. Son Brian, 41, works there with bonsai specialty as plans to stay on the property or relocate are explored.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Alvin Krebs
Ruth Ann
Krebs
18Th St. SW
Alvin
Charles Krebs
Arthur Krebs
Iowa
Switzerland
Brian Krebs
Brian Ray
Ruth Ann Krebs
18Th St
Kirkwood to develop safety software with $200K grant
Kirkwood Community College will create an expert system driven safety software for emergency relocation planning. The project, funded by a $200000 Susan Harwood Training Grant from the U.S. Department of Labor, helps businesses prepare for weather threats, chemical releases and terrorist incidents.
MENTIONED IN THIS ARTICLE
the Gazette
Kirkwood Community College
Kirkwood
Environmental Health and Safety Center
Doug Feil
Susan Harwood
U.S. Department of Labor
Feil
Occupational Safety and Health Administration
Western Iowa Tech Community College
Sioux City
West Iowa Tech
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Financing troubles shut Indian Motorcycle factory
Indian Motorcycle halted production at its Gilroy plant and laid off all workers after a failed investor deal. Chairman Frank J. O Connell said the company faced bankruptcy risk, though he expected potential investors to continue discussions and hoped to resume operations.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Frank J. O'Connell
Gilroy
O’connell
Howard R Green Co expands with Chesterfield office and Rolla merger
Cedar Rapids firm Howard R Green Co enlarges its Midwest footprint by opening a Chesterfield Missouri office and acquiring Missouri Engineering Corp of Rolla. The stock transfer unites 230 plus employees under HRG with Dan Lovett overseeing both sites and Jerry Gilmore joining HRG.
MENTIONED IN THIS ARTICLE
George C. Ford
TL Gazette
Cedar Rapids
Howard R. Green Co
Earhart Lane
Chesterfield
St. Louis
Missouri Engineering Corp
Rolla
Ralph Russell
Howard R. Green
Midwest
Missouri
Iowa City
Des Moines
St. Paul
Nextel seeks block on Verizon walkie talkie ads
Nextel Communications asked a federal judge to halt Verizon Wireless national ads that claim its walkie talkie service is best and most reliable. Nextel argues its digital network offers faster connections, with walkie talkie calls connecting in under a second.
MENTIONED IN THIS ARTICLE
Nextel
Verizon
New York
Nextel Communications
Verizon Wire
Less
Pers
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Brian
Narlene.lucas
Gazettecommunications.com
Labor Department
Dave DeWitt
Dewitte
Pazettacommunications
Springfield
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