Wells Fargo profits lift stocks to two month highs
Stocks jumped to their highest levels in two months after Wells Fargo beat expectations with a strong lending upswing. The Dow rose 246.27 to 8083.38, the S&P 500 gained 31.40 to 856.56, and the Nasdaq advanced 61.88 to 1652.54. KCRG TV9 won a Murrow Award for flood coverage.
MENTIONED IN THIS ARTICLE
Wells Fargo & Co
Standard & Poor
The
Radio/Television News Directors Association
Kcrg-Tv9
Edward R. Murrow
Kcrgtv9
Murrow
Mortgage Rates Edge Up After Week Of Lows
Freddie Mac reports 30 year fixed rates at 4.87 percent up from 4.78. Fifteen year loans rise to 4.54 while five year ARMs move to 4.93 and one year ARMs to 4.83. Boeing cuts production on jetliners citing weak demand and slow economy with 777 output dropping to five per month from June 2010.
MENTIONED IN THIS ARTICLE
Freddie Mac
Boeing
Boeing Co
Flood Recovery Opens Papich-Kuba Janeba Chapel West
A Cedar Rapids business reopened after the June flood at 1604 J St SW. The Papich-Kuba Janeba Chapel West resumes operations, inviting inquiries to The Gazette via money gazcomm.com.
MENTIONED IN THIS ARTICLE
Janeba Chapel West
1604
J St. SW
Cedar Rapids
the Gazette
Money
Gazcomm.com
Penford weighs strategic options amid big loss and rising stock
Penford Corp. board considers selling all or part of the group to boost shareholder value as the company reports a $22.2 million quarter loss and a 32.8 percent stock rise after naming Merrill Lynch to explore strategic alternatives. The Cedar Rapids based maker of industrial starch and ethanol cites weak demand from paper and recession as factors.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Penford Corp
Penford
Penford Products Co
Cedar Rapids
Centennial
Colo
Tom Malkoski
Penford Board
Merrill Lynch
Malkoski
Penford Australia
New Zealand
Mem orize Words: iPhone language app from Companica
Companica co founder Steven Mitchell unveiled Mem orize Words, an iPhone language learning app designed to rapidly build Spanish vocabulary. The program uses flashcard style prompts and adaptive word frequency to tailor practice to the user, emphasizing recall over grammar.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Owa City
Steven Mitchell
Companica
Mitchell
University of Iowa
Technology Innovation Center
Componica
Michael Merickel
North Liberty
Sarah Hinds
Marion
Patrick Kellen
Iowa City
Coralville
Economy shows leveling off amid ongoing recession
The economy appears to be leveling off after six months of decline with signs of stabilizing indicators. Wells Fargo projects profits, unemployment claims fall and retailers hint at solid April sales while Dow Jones climbs about 250 points.
MENTIONED IN THIS ARTICLE
Washington
Wells Fargo
Wall Street
Dow Jones
U.S
Talking to kids about job loss and finances
Parents discuss layoffs and salary cuts with children honestly and calmly. Experts advise framing the talk around security, outlining belt tightening, and inviting kids to contribute through budgeting, chores, and age appropriate job-search tasks.
Also Mentioned on This Page
David.dewitte
LC. Firm
Brian Ray
Wal-Mart Stores Inc
Target Stores Inc
Labor Department
Sheryl Garrett
Garrett
Garrett Planning Network
Todd Minear
Kansas City
Chris Celio
Concord
Calif
Steve Rosen
Kansas City Star
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