Wall Street ends July with best month in two decades
The Dow rose 8.6 percent for July led by late gains to finish at 9171.61 while the S&P 500 gained to 987.48 and the Nasdaq slipped to 1978.50 amid bets that profits outpace a slowing economy. An appeals court ordered a shorter sentence for ex Qwest CEO Joe Nacchio, ruling his six year term too long after his 2007 insider trading conviction.
MENTIONED IN THIS ARTICLE
ex-Quest
Joe Nacchio
10Th
U.S. Circuit Court of Appeals
Nacchio
Qwest
Wagatris
30 Year Mortgage Rates Edge Higher For Second Week
Freddie Mac reports the average 30-year fixed mortgage rose to 5.25 percent this week from 5.2 percent last week. Earlier, rates had fallen to a record low 4.78 percent, with refinancing activity rising. Five-year ARMs average 4.75 percent, up from 4.74 percent, and one-year ARMs sit at 4.8 percent, up from 4.77 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
The Vault opens in Czech Village with bank vault dressing room
The Vault, a new clothing store at 99 16th Ave. SW in Czech Village, opens today. Owned by Dahlia Lutif the space formerly housed a bank and the vault will be used as a dressing room. Store hours are 9 a.m. to 9 p.m. Monday through Saturday and 9 a.m. to 6 p.m. Sunday.
MENTIONED IN THIS ARTICLE
16Th Ave
Czech Village
Dahlia Lutif
Lutif
Cash for Clunkers boosts Cedar Rapids car sales surge
Cedar Rapids residents rush to trade in old gas guzzlers for fuel efficient replacements as Mark Zimmerman Ford BMW Hyundai Mitsubishi reports nearly double usual customers since July 25. Rebate up to 4500 dollars accelerates exchanges while lawmakers debate extra funding to sustain the program. Leo Modracek, 86, swaps a 16 year old van for a 2009 Hyundai Sonata, gaining 3500 dollars in rebates.
MENTIONED IN THIS ARTICLE
Clara Hogan
Gazette
Cedar Rapids
First Ave
Congress
House
Senate
Tyler Nesset
Zimmerman Sales
Nesset
Leo Modracek
Modracek
Cliff Jette
the Gazette
Private driving schools surge as teens seek summer licenses
Cedar Rapids Street Smarts coordinator Lynch notes a record summer with about 450 students in June through August, far above last year's 320. Private schools like Ron Bandy Driving Training and DPB Driving School INC. report high enrollment, especially among 14 year olds aiming for minor licenses, as districts trim programs and seek flexible scheduling.
MENTIONED IN THIS ARTICLE
Lynch
Cedar Rapids
Ron Bandy
North Liberty
Iowa City
Kirkwood Community College
Bandy
Dan Brookhart
DPB Driving School Inc
Brookhart
Iowa
Ag secretary urges federal help for hail struck farmers
Iowa Secretary of Agriculture Bill Northey toured Fayette County farms Friday and urged a federal disaster declaration to unlock long term low interest Farm Service Agency loans. He said crop destruction is severe from July 24 hail, with $169 million in damage in Fayette and Winneshiek counties and substantial losses in Delaware County. Farmers described survival mode as they await aid, insurance payouts, and fall harvest prospects.
MENTIONED IN THIS ARTICLE
Orlan Lovelle
West Union
Iowa
Bill Northey
Hairstricken
Fayette County
Federal Farm Service Agency
Chet Culver
Northey
Elgin
Fayette
Winneshiek
Julie Vulk
Farm Service Agency
Delaware County
FSA
Ryan Marcus
Tyson
Highway 56
Mark Wagt
Scott Cannon
John Streif
Also Mentioned on This Page
Wall Street
Dow
NEW Business
E. Lowans
Man Lynch
Meredith.hinesdochterman
Gazcamm
Brian Lynch
StreetSmarts
Marion
Trustl Yi
Hillsbank.com
ONAL
Uae
Farial
Cmri Agro
Feds
Orlan
Gazcomm.com
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