Market rally as banks face health checks
Investors brushed aside banking worries after the government outlined bank health tests. The Fed report offered few details but no bad news while Ford, American Express and Microsoft posted strong quarterly results. The Dow gained 119.23 to 8076.29 and the S&P 500 rose 14.31 to 866.23 for the day. weekly Dow is down 0.7 percent.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ford Motor Co
American Express Co
Microsoft Corp
Standard & Poor
Dow
Ford reports $1.4 billion first quarter loss
Ford Motor Co. posts a first quarter loss of 1.4 billion dollars and says it used less cash, plans no government aid, and sees revenue fall 37 percent to 24.8 billion dollars. Shares show a 60 cent loss per share versus 3 cents earned a year earlier.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Detroit
Ford
GM bailout funding rises with $2 billion loan boost
The Treasury confirmed an additional $2 billion in funding to GM, lifting total federal loans to $15.4 billion. GM thanked President Obama and the administration for its support during restructuring while denying reports of Pontiac’s demise as media speculation. GM must restructure obligations to bondholders and the UAW by June 1 or risk bankruptcy.
MENTIONED IN THIS ARTICLE
Treasury Department
Obama
United Auto Workers Union
Detroit
Chrysler
Fiat Group Spa
Fiat
Sergio Marchionne
U.S
Mediacom links billing with tree planting via EcoBilling program
Mediacom launches EcoBilling to plant a tree for each customer who enrolls in automatic month bill drafting. The company will donate to the Arbor Day Foundation to support tree planting. Regional VP Doug Frank calls it time saving and paper reducing while aiding forest rebuilding. Customers enroll at MediacomCable.com to receive electronic statements and manage payments online.
MENTIONED IN THIS ARTICLE
Mediacom
Arbor Day Foundation
Doug Frank
Frank
MediacomCable.com
Chrysler edges toward bailout as talks clutch at deadline
With a deadline approaching, Chrysler and the Treasury push for a restructuring to avoid Chapter 11. Fiat talks, UAW equity, and a potential debt-for-equity swap shape a plan while lenders press a $6.9 billion debt stake.
MENTIONED IN THIS ARTICLE
Chrysler
Treasury Department
Treasury
Auto Task Force
Ms Susan's Catering hall opens with dream realized
Sue Kasparek, 61, owner of Ms. Susan's Catering and Reception Hall, relocated from North Liberty to a new 300 seat facility on Jordan Street. She redesigned the shell into a full service venue with a large kitchen walk in cooler bar and mezzanine office while continuing off site catering in the Corridor Muscatine and West Liberty areas.
MENTIONED IN THIS ARTICLE
the Gazette
Ms. Susan’s
North Liberty
North Liberty Development
Sue Kasparek
Gdadeus
Kasparek
Jordan St
Mehaffey Bridge Rd
Doug Christner
North Liberty True Value Hardware
Lora Miller
Naomi
Economy shows signs of stabilization in March data
Demand for durable goods rose less than expected in March with a 0.8 percent drop, helped by aircraft orders. New home sales fell 0.6 percent to a 356,000 annual rate, better than the 340,000 expected, as inventories declined. Economists caution the improvement may signal only stabilization, not a rebound.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Thomson Reuters
Ian Shepherdson
U.S
Also Mentioned on This Page
Wall Street
Mediacom Project
Wd Trust Company
Blairs Ferry Rd
Blairs Ferry
Edgewood Rd
Canadian Auto Workers Union
United Auto Workers
UAW
Douglas Baird
University of Chicago Law School
Jeep
Ing
Ms. Susan’s Catering
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