DETROIT, April 2 (UPI) — U.S. new vehicle sales rose 3.4 percent in March from last year with light trucks sales up and sales of passenger cars down, industry figures showed. Compared…
Category: Business
The NorthIowaToday.com Business Section. Business stories and a directory of top North Iowa businesses.
Grains mixed Tuesday
CHICAGO, April 2 (UPI) — Grain futures prices were mixed Tuesday on the Chicago Board of Trade. Corn was off 1 3/4 to up 3 3/4, soybeans were up 1 1/2 to…
U.S. stocks post gains
NEW YORK, April 2 (UPI) — U.S. stock indexes shot up Tuesday as the U.S. Commerce Department said factory orders rose 3 percent in February. In Europe, statistical agency Eurostat said unemployment…
Markets slide Monday
NEW YORK, April 1 (UPI) — U.S. stock indexes started the second quarter with losses Monday amid conflicting reports on whether U.S. economic growth was accelerating or slowing down. Markit Economics said…
Two PMIs head in two directions
NEW YORK, April 1 (UPI) — U.S. manufacturing grew in March, but two reports contradicted each other on whether growth was accelerating or slowing down. Markit Economics said growth accelerated in March…
Energy prices mixed Monday
NEW YORK, April 1 (UPI) — The price of crude oil was little changed Monday, holding above $97 per barrel in New York. The undertone of the market is upbeat, as the…
Company makes bacon condoms, sunscreen
SEATTLE, April 1 (UPI) — A Seattle company specializing in bacon-flavored products said its two newest products aren’t for ingestion — bacon sunscreen and bacon-flavored condoms. J&D’s Foods, famous for products included…
Net Income Increase over $7 million Compared To Second Quarter Fiscal 2012
FOREST CITY, IOWA – Winnebago Industries, Inc. (NYSE:WGO), a leading United States (U.S.) recreation vehicle manufacturer, today reported financial results for the Company’s second quarter of Fiscal 2013. Revenues for the second…
Signed Beatles album sells for $290,500
DALLAS, March 31 (UPI) — A mint condition, signed mono copy of the Beatles’ “Sgt. Pepper’s Lonely Hearts Club Band” album sold for $290,500 at a Dallas auction house, officials said. The…
Trump counter-sues alleged cyber squatter
NEW YORK, March 31 (UPI) — New York developer Donald Trump has filed a suit seeking $400,000 in damages from a man he says illegally set up websites bearing the “famous” Trump…
BlackBerry posts $98 million profit
TORONTO, March 29 (UPI) — Canadian technology firm BlackBerry, formerly RIM, said it posted a surprising $98 million profit in its fiscal fourth quarter. In the quarter that ended March 2, the…
UPS pays up for illicit pill shipments
SAN FRANCISCO, March 29 (UPI) — United Parcel Service agreed to give up $40 million in payments it charged for shipping products from what federal prosecutors called illicit online pharmacies. The forfeiture…
Kan. City Fed says business is still slow
KANSAS CITY, Kan., March 28 (UPI) — Manufacturing in the southern central U.S. states slipped in March, but at a slower rate than February, the Kansas City Federal Reserve Bank said Thursday….
Coast Guard refers Shell to Justice Dept.
ANCHORAGE, Alaska, March 28 (UPI) — A Coast Guard official in Alaska said a request has been made for the Justice Department to investigate Shell Oil’s failed 2012 Arctic drilling efforts. At…
S&P 500 flirting with record high
NEW YORK, March 28 (UPI) — U.S. stock indexes rose Thursday, with the Standard & Poor’s 500 index flirting with an all-time closing high. The S&P 500 gained 3.37 points, 0.22 percent,…
Fourth quarter GDP revised slightly higher
WASHINGTON, March 28 (UPI) — The U.S. Commerce Department revised its gross domestic product estimate for the fourth quarter on Thursday, pegging growth at U.S. economic 0.4 percent. The report released by…
U.S. markets pull back in early trading
NEW YORK, March 27 (UPI) — U.S. stock indexes slipped Wednesday following downturns in markets across Europe. The European Commission said Wednesday that economic sentiment indexes for the eurozone and the European…
IPL extends agreement for nuclear power, takes another important step in long-term energy resource plan
CEDAR RAPIDS, Iowa – Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), announced today the signing of an 11-year power purchase agreement from the Duane Arnold…
China’s vice premier pledges cooperation
BEIJING, March 25 (UPI) — Chinese Vice Premier Zhang Gaoli Monday pledged to create a fair business environment for U.S. investors. “China and the United States share a wide range of common…
Market upswing erodes Monday
NEW YORK, March 25 (UPI) — U.S. stock indexes dropped Monday after investors took a second glance at a bailout deal for Cyprus. Stocks followed European markets higher in early trading. But…
Market upswing crumbles Monday
NEW YORK, March 25 (UPI) — U.S. stock indexes dropped Monday morning after investors took a second glance at a bailout deal for Cyprus. Stocks followed European markets higher in early trading….
Blinking combats computer vision syndrome
DALLAS, March 24 (UPI) — Working all day in front of a computer screen can result in eye fatigue but a U.S. optometrist says breaks and blinks helps combat computer vision syndrome….
Boeing to drop up to 2,300 workers
CHICAGO, March 23 (UPI) — U.S. industrial giant Boeing said it would cut its workforce in Seattle by up to 2,300 workers by the end of the year. The company said the…
Apple aims for simpler look to iOS 7
CUPERTINO, Calif., March 23 (UPI) — Software and hardware units at U.S. technology company Apple are now working more closely together, sources told The Wall Street Journal. In the past, Jonathan Ive,…
Iran faces oil losses as Asian buyers balk
ABU DHABI, United Arab Emirates, March 22 (UPI) — Sanctions-battered Iran faces losing a big part of its oil export revenues as key Asian trading partners cut back on Iranian imports because…
PepsiCo puts a twist in its bottle
PURCHASE, N.Y., March 22 (UPI) — U.S. soda giant PepsiCo Inc. says it is overhauling the look of its 16- and 20-ounce bottles, including a new corkscrew-style twist at the bottom of…
Hydraulic bicycle brakes recalled
WASHINGTON, March 22 (UPI) — The U.S. Consumer Product Safety Commission announced a voluntary recall of 2,800 hydraulic brake systems for bicycles that could fail in cold temperatures. The hydraulic disc brakes…
Panasonic opens washing machine plant in Vietnam
HANOI, Vietnam, March 23 (UPI) — Japanese electronics giant Panasonic Corp.’s $32 million washing machine plant in Vietnam has begun operations, officials said Thursday. The plant, operated by Panasonic Appliances Viet Nam…
FDA changes regulations for defibrillators
WASHINGTON, March 22 (UPI) — The U.S. Food and Drug Administration said Friday that it plans to toughen regulation of the production of defibrillators. The move comes after years of reports of…
U.S. stock indexes end week on rebound
NEW YORK, March 22 (UPI) — U.S. stock indexes rebounded Friday, with reports from Nike and Tiffany boosting confidence despite uncertainty over a bailout for Cyprus. Nike reported higher-than expected fourth quarter…
U.S. stock indexes head higher
NEW YORK, March 22 (UPI) — U.S. stock indexes rebounded Friday, with reports from Nike and Tiffany boosting confidence despite uncertainty over a bailout for Cyprus. Nike reported higher-than expected fourth quarter…
Major oil find made in Gulf of Mexico
DALLAS, March 21 (UPI) — Venari Resources LLC said Tuesday it had made a major oil discovery at its Shenandoah prospect in the Gulf of Mexico. The deepwater oil exploration and production…
Qualified workers in short supply
CHICAGO, March 22 (UPI) — A significant number of employers in major economies are having trouble finding qualified workers, a global CareerBuilder survey indicates. In the survey conducted by Harris Interactive in…
China investments in Africa boom
BEIJING, March 22 (UPI) — China’s trade with Africa is booming as Chinese investments in the continent soar, Chinese officials and experts say. The official China Daily reported Wednesday a growing number…
Shell owes Iran $2.3 billion
THE HAGUE, Netherlands, March 21 (UPI) — The estimated $2.3 billion payable to the National Iranian Oil Co. can’t be settled because of sanctions imposed on Iran, Royal Dutch Shell said. Shell…
U.S. weekly jobless claims rise slightly
WASHINGTON, March 21 (UPI) — The U.S. Labor Department said first-time jobless benefits claims rose 2,000 to 336,000 in the week that ended last Saturday. Initial claims for unemployment benefits fell from…
Statoil prioritizes Gulf of Mexico
NEW ORLEANS, March 21 (UPI) — The focus on leases in the central Gulf of Mexico highlights an investment drive for North American oil, Norwegian energy major Statoil said. The U.S. Bureau…
Chinese solar company in bankruptcy
BEIJING, March 21 (UPI) — The Chinese government may intervene in the bankruptcy of solar panel company Wuxi Suntech but the industry is downsizing, a government official said. Suntech, a Chinese solar…
HSBC accused of money laundering again
BUENOS AIRES, March 21 (UPI) — Argentina on Tuesday filed charges accusing British bank HSBC with helping clients launder money and evade taxes, court papers say. Prosecutors said the bank used “fake…
Supreme Court shakes up copyright law
WASHINGTON, March 21 (UPI) — The Supreme Court Tuesday ruled foreign buyers of books, movies and other products can resell them in the United States over the copyright owners’ objections. The nation’s…