Wall Street Edges Higher Amid Optimism on Economy
Stocks posted modest gains as stronger factory data and cooler inflation offset weak results from Google and Bank of America. The Fed reported nine straight months of higher factory output while consumer prices rose just 0.1 percent excluding food and energy. S&P 500 rose to 1320, Dow to 12342, Nasdaq to 2765.
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New York
Google
Bank of America
Federal Reserve
Labor Department
Ruhl and Ruhl Tops Iowa Private Real Estate Firm List
Davenport based Ruhl and Ruhl Realtors has been named the largest privately owned real estate company in Iowa by RISMedia. The firm ranked 92nd in transactions with 3,889 in 2010 and 160th in sales volume at 562.2 million.
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Cedar Rapids Davenport
National Association of Realtors
Skogman Realty of
Cedar Rapids
Honda slows North American output two weeks due to Japanese quake
Honda Motor Co will slow production at 11 North American plants until at least May 6 as parts from quake damaged Japanese factories run short. The cutbacks could trim output by as much as 50 percent and lead to vehicle shortages in a matter of weeks.
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Detroit
Honda Motor Co
North American
Japan
Honda
Adidas Debuts Lightest Basketball Shoe AdiZero Crazy Light
Adidas unveils the AdiZero Crazy Light in New York, touting 9.8 ounce weight, over 15 percent lighter than rivals, priced at 130 dollars. The move aims to challenge Nike’s leadership in basketball footwear from Düsseldorf, Germany.
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Dusseldorf
Germany
Adidas
Nike
New York
United Fire takes $10 million hit from overseas quakes
United Fire & Casualty said first quarter pretax losses from assumed reinsurance total $10 million, with after tax impact about $6.5 million or 0.25 per share. The losses stem from February New Zealand and March Japan earthquakes and tsunami. The company expects May 2 results with assumed premiums near $1.5 million.
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United Fire
Japan
New Zealand
George C. Ford
Gazette
Cedar Rapids United Fire & Casualty
Randy Ramlo
Lost luggage finds unlikely home at Alabama unclaimed center
At a 40 000 square foot site near a muffler shop and cemetery in Scottsboro Alabama the Unclaimed Baggage Center sells items from baggage left behind by airline travelers. Shoppers like Clayton Grider call it a sport and say you never know what you may find.
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Rooocialog Press
Cottsboro
Ala
PTA
Clayton Grider
Scottsboro
U.S
Chuck Trykoski
Bryan Owens
Trykoski
Illinois
Florida
Owens
Alabama
Lost Luggage Tips and the Unclaimed Baggage Store Tale
Travel tips emphasize labeling luggage with name flight number and destination and keeping a copy of itinerary inside the bag. The Unclaimed Baggage Center in Scottsboro Alabama recovers items from flights and buses, selling a portion to the public while many donations head to charity.
Advocates Say Dual Tracking Fails Homeowners Protection
Mortgage lenders defend dual tracking as protecting investments during loan modification requests. Regulators and consumer advocates push to curb the practice, citing risk to homeowners negotiating relief. Federal settlements with major banks halt foreclosure during temporary mods, while broader reforms seek further limits on two track foreclosures.
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Ro Angeles
Himes
Los Angeles
Geoff Greenwood
Iowa
Tom Miller
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