Wall Street Rises to Two-Month High on Mixed News
Stocks closed at their highest in more than two months as earnings and economic reports signaled a slower pace of economic decline. Investors bought technology, industrial and consumer goods shares, lifting the Dow to 8,125.43, the S&P 500 to 865.30, and the Nasdaq to 1,670.44.
MENTIONED IN THIS ARTICLE
Standard & Poor
Home Financing Rates Edge Down From Record Lows
Freddie Mac reports 30-year fixed mortgage rates at 4.82 percent this week, after a dip from 4.87 percent. The all-time low stood at 4.78 percent in early April, while 15-year fixed rates fell to 4.48 percent from 4.54. Five-year ARMs slid to 4.88 percent from 4.93, and one-year ARMs rose to 4.91 percent from 4.83.
MENTIONED IN THIS ARTICLE
Freddie Mac
COBRA Coverage Deadline Noted for Employers
A Saturday deadline governs COBRA health coverage extensions for laid off workers. Federal aid under the American Recovery and Reinvestment Act pays 65 percent of COBRA costs for up to nine months, but applies only to employers with 20 or more workers unless states guarantee coverage for smaller firms. Iowa has no such law. Gannett’s first quarter profit fell 60 percent to $77.4 million as ad revenue eroded, with revenue down 18 percent to $1.38 billion. the company owns USA Today and the Des Moines Register among others.
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Iowa
Gannett Co
Gannett
USA Today
Des Moines Register
Iowa City Press Citizen
Oil settles near $50 as recovery hopes aid prices
Investors boosted crude in light volume on the NYMEX with May delivery up 73 cents to 49.98 a barrel. Gas prices rose less than a penny to a national average of 2.052 dollars per gallon, per AAA and OPIS.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Auto Club Aaa
Oil Price Information Service
Mall owner General Growth files Chapter 11 in stunning move
The Gazette reports Cedar Rapids reacts to General Growth Properties huge Chapter 11 filing, the largest U.S. real estate bankruptcy. The Cedar Rapids originators Bucksbaum brothers built Town & Country Shopping Centers in 1956, with assets listed at 29.5 billion and debts of 27.3 billion. Coral Ridge Mall excluded. many related filings span 158 regional centers. Experts call the move shocking and historic, with bankruptcy court protection allowing lease renegotiations and reorganization.
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Dave DeWitte
Gazette
Cedar Rapids
General Growth Properties
Joseph Peiffer
U.S
Peiffer
Scott Byers
NAI/Iowa Realty
General Growth
Town & Country
First Avenue
Baskin Robbins
Bucksbaums
Kirk Hiland
Hiland
Lindale Mall
General Growth Management
West
David
Dewitte
Gazcomm.com
Energy efficient loft conversion eyed in Cedar Rapids project
John Schwartzkopf and Thorland Co move to retrofit a Cherry Building loft with removable panels and high efficiency design. Franklin Hanson guides the plan as they pace toward mid project, aiming to prove energy use can drop without harming historic look.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Edar Rapids
John Schwartzkopf
Kouba
Third Street
Schwartz
Kopf
Schwartzkopf
Cedar Rapids
Awininda
Sholtau UL Ulmilie
Thorland Co
Thorland
Franklin Hanson
Cherry Building
Iowa approves 11 million upgrade for Acciona wind plant
The Iowa Department of Economic Development board approved High Quality Jobs Creation tax benefits for Acciona North America's West Branch wind turbine plant expansion adding 30 000 square feet for final nacelle assembly in West Branch The move follows prior production cuts and staffing reductions at the site and highlights state support for wind energy projects Other incentives were approved for Mobile Track Solutions Submittal Exchange BoDeans of Le Mars and other ventures in Adel and Elkader to create dozens of jobs and invest millions in new facilities
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Acciona North America
West Branch
Iowa Department of Economic Development Board
Acciona
Elkader
Mobile Track Solutions
Submittal Exchange LLC
Adel
BoDeans of
le Mars
BoDeans
David
Dewitte
Gazcomm.com
Free online college resources for parents and students
Parents of high school seniors can use free online tools to compare colleges and gather insider insights. Websites like Unigo, CollegeConfidential, CampusTours, and eCampusTours offer student reviews, campus tours, and discussions on financial aid appeals, complementing official pages. The Department of Education security database at ope.ed.gov provides campus crime data and contacts.
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Unigo.com
CollegeConfidential
CampusTours.com
eCampusTours
U.S. Department of Education
Office of Post-Secondary Education
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Wall Street
Rachel Spencer
the Gazette
John
Sauer-Danfoss Hydraulics
Pamplona
Acciona Energia
Steve Rosen
Kansas City Star