Wall Street gains on Greek debt deal optimism
Stocks closed higher for a second straight day as private investors in Greek bonds participate in a debt restructuring. A Greek official cited participation above 75 percent ahead of the deadline, signaling likely success. Investors also priced in a strong February jobs outlook. Dow rose 70 to 12,908. S&P 500 added 13 to 1,366. Nasdaq up 395 to 2,970. Trading volume near 3.4 billion shares.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Weekly Hiawatha newspaper launched
A Cedar Rapids company Meis Communications LLC publishes the Hiawatha Advocate a 12 page weekly broadsheet printed in Marshalltown. The first edition distributed free was published Feb 29. Wells Fargo will charge seven dollars monthly for free checking in six more states starting in May.
MENTIONED IN THIS ARTICLE
Hiawatha
Cedar Rapids
Meis Communications LLC
Cynthia Petersen
Hiawatha Advocate
Marshalltown
San Francisco
Wells Fargo
Georgia
New Jersey
New York
Connecticut
Delaware
Pennsylvania
Iowa
Angie Kaipust
Nebraska
Coca Cola and PepsiCo to adjust caramel color to meet warning law
Coca Cola and PepsiCo will alter caramel color in their soft drinks due to a California rule requiring cancer warnings on beverages with carcinogen levels. The changes will be rolled out nationally to simplify production across brands and markets.
MENTIONED IN THIS ARTICLE
New York
Coca- Cola
PepsiCo
California
FAA forecast: High airfares persist through decade
The FAA predicts airline capacity will shrink as mergers reduce flights, keeping airfares high. Travel is set to nearly double over 20 years, with jet fuel costs rising and a shift from radar to GPS-based air traffic control to improve efficiency.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
FAA
U.S
Executives Depart Amid Varying Explanations Across Firms
The piece contrasts CEO resignations and severance scripts at Kona Grill Allstate and Enron style cases. It notes SEC disclosure rules and quotes the National Investor Relations Institute. Mark LaNeve explains he left Allstate to care for his autistic twin sons and remain near Michigan.
MENTIONED IN THIS ARTICLE
Scottsdale, Ariz
SEC
National Investor Relations Institute
Alexandria
Allstate
LaNeve
Chicago Tribune
Imminent Explosion Predicted in Global Corn Markets
Droughts from Mexico to Argentina shrink corn stockpiles to a five year low, signaling a potential bull market before the U S harvest. Bloomberg cites a 4.2 percent global reserve drop to 123.43 million metric tons by Oct 1, with Goldman Sachs forecasting prices near seven dollars a bushel as analysts expect year end declines.
MENTIONED IN THIS ARTICLE
Bloomberg News
Chicago
Mexico
Argentina
U.S
Bloomberg
Goldman Sachs
Chicago Board of Trade
USDA
Zil
Central
South America
Corn prices, acres planted since 1944 rise on drought
Analysts from a Bloomberg survey predicted U S corn reserves on Sept 1 would fall to about 19.7 million tons the smallest since 1996 amid hot dry weather in South America. They forecast Argentina and Brazil combined crops at 81.3 million tons versus 90 million previously.
MENTIONED IN THIS ARTICLE
South America
U.S
Alberto Alvarez
Fintec Group
USDA
Bloomberg
Also Mentioned on This Page
Wall Street
Globe Gazette
Michael Huerta
Southwest
JetBlue
United
Delta
American
Airways
Akstoch
Jeff Skilling
Enron
Imaginations
Allstate Corp
Mark LaNeve
Northbrook
Ill
David J. Phillip
Daniel Petrocelli
Skilling
Houston
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