Wall Street Opens Week With Strong Citigroup Profit Boost
Wall Street started the week on a high note as Citigroup reports better-than-expected profits and higher consumer spending lift investor sentiment. The Dow rose 105.33 to 12320.46 and the Nasdaq gained 26.39 to 102,518.23, with advancers leading decliners by over 20 percent on the NYSE.
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Wall Street
Citigroup Inc
New York Stock Exchange
Wal-Mart tops Fortune 500 again as Exxon falls to second
Wal-Mart Stores Inc. returns to first on the 2007 Fortune 500 list after a year of strong profits. Exxon Mobil Corp. slips to the second spot with revenue of about 347.3 billion and profits near 39.5 billion. The ranking reflects America’s most profitable year.
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Wal-Mart
Wal-Mart Stores Inc
Exxon Mobil Corp
Exxon Mobil
Money.con.com
Forrane
Target Plans Second Cedar Falls Warehouse Expansion
Minneapolis based Target Corp announces a 400000 square foot grocery distribution warehouse adjacent to its Cedar Falls center. The project carries a construction cost of 30 to 35 million dollars, with total investment including equipment between 80 and 98 million dollars. Groundbreaking is planned for this fall and operation expected in late 2008.
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Target Corp
Cedar Falls
Treasury Bills Fall as Auctions Price Less Than Face Value
The Treasury sold 14 billion in three month bills at a discount rate of 4.065 percent, down from 4.880 percent, and 12 billion in six month bills at 4.865 percent, up slightly from 4.850 percent. A $10,000 three month bill priced at 9,877.02 and a six month bill at 9,754.05. Gazette and were renorns.
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Treasury Department
Gazette
Bishop's Buffet Westdale closing may be temporary
Cedar Rapids report says Westdale Mall may rebound after court order receiver Tom Slattery Jr. announced a principle agreement for Curt Pooley to take over the Westdale site from Dave Bailey, with a short term lease to test the restaurant's viability. Bailey cites broader profit pressures and rising costs.
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Baye DeWitte
Gazette
Cedar Rapids
Bishop’s
Westdale Mall
Tom Slattery Jr
Bishop's Bullet
Curt Pooley
Dave Bailey
Bailey
Pooley
Bishop's Buffet
Waterloo
Crossroads Mall
Kansas City
Pooley and Bailey
Bishop’s Buffet
Farr’s Restaurant Group of
Dallas
Westdale
Lindale Mall
Beekeepers Brace for CCD Impact on Bees and Costs
Beekeepers at Indian Creek Nature Center begin a new season amid Colony Collapse Disorder CCD fears. The disorder has wiped out millions of honey bees across 27 states raising pollination concerns, possible higher crop yields impact, and bee package prices have risen by about 10. The cause remains unproven with theories ranging from GM crops to radio frequencies. Local beekeepers note no CCD incidents confirmed in Iowa yet and describe how robbing behavior changes as colonies die.
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Leile Navidi
Gazette Rom
California
Indian Creek Nature Center
Beekssper
Bob Wolff
Dar “Rapids
Marlene Lucas
Gazette Tea
Warren
Pennsylvania
Florida
May Berenbaum
University of Ilinois Urbana-Champaign
Canada
Europe
Wolff
Rockwell Collins
Nature Center
Linn
Johnson and Jones
Tax audits rise as IRS boosts scrutiny in 2006
The IRS audited 1,293,681 individual returns in 2006, a 6 percent rise from 2005, with field audits up 23 percent. Online filings and new matching technology help the agency target discrepancies. Readiness tips urge gathering receipts records mileage logs and medical bills, organizing them by tax item and recreating missing records if needed.
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Internal Revenue Service
IRS
Vicki
Jackson Lee Parker Hewitt
Fran- Raleigh Chise
Good News & Observer
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