Inflation fears push markets lower on 11-year high prices
The Dow fell 59.95 points to 11,125.73 and the Nasdaq dropped 29.48 to 2,061.99 as inflation concerns and a rising price index pointed to potential more rate increases. Consumer spending rose 0.2 percent in June while year over year prices climbed 2.4 percent, the highest since April 1995. Featherlite Inc reported Q2 net income of 1.5 million, up 43.1 percent on stronger trailer sales and higher margins.
MENTIONED IN THIS ARTICLE
Federal Reserve
Commerce Department
New York Stock Exchange
Featherlite Inc
Featherlite
Auto makers report mixed July sales results
Toyota sales rose 11.7 percent in July, Honda up 6 percent with cars up 5.4 percent and trucks up 6.8 percent, while General Motors fell 22.2 percent as trucks down 31.2 and cars down 2.7. Ford dropped 35.2 percent with trucks off 44.8 and cars down 6.7. DaimlerChrysler posted a 37.4 percent decline as trucks fell 40 and cars 23.5.
MENTIONED IN THIS ARTICLE
Toyota Motor Corp
Abey
Honda
General Motors Corp
Ford Motor Co
DaimlerChrysler
Chrysler Group
Jeep Liberty recall over steering risk covers 832000 SUVs
Chrysler Group recalls 832,000 Jeep Liberty SUVs model years 2002 to 2006 for front suspension lower ball joint wear that could loosen and separate risking loss of steering control. The recall follows 111 complaints and three injuries.
MENTIONED IN THIS ARTICLE
Chrysler Group
Automaker
DaimlerChrysler AG
Max Gates
Liberty
Gates
Gazette
Renewable names in demand across Iowa energy firms
The term renewable has become a sought after label in Iowa, sparking confusion among investors and nonprofits. IRENEW, a 14 year old group, clarifies it is not a for profit biodiesel firm while similar names muddy distinctions in state filings.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Iowa
Iowa Renewable Energy Association
Irenew
Iowa Renewable Energy LLC
Washington County
I-Renew
Michelle Kenyon Brown
Iowa City
Brown
Iowa Renewable Fuels Association
John
Ston
Nationwide
Renewable Fuels Association
Shaw
Warren Bush
Wall Lake
Iowa Secretary of State
Remote deposit changes how businesses bank
Remote deposit allows business clients to scan checks and send electronic images to banks, eliminating deposit slips and trips to the bank. The Check 21 act makes substitute checks legal, reducing errors and providing a verifiable digital record. Larger banks report billions processed since 2004.
MENTIONED IN THIS ARTICLE
Sanders
Hills Bank & Trust Co
Hills
Ted
Jayne Becker
Primus Inc
Hiawatha
Primus
Becker
Bank of America
Remote deposit saves time and money for businesses
Hills Bank notes remote deposit helps planning and efficiency with image capture about 85 percent readable on checks. The service costs roughly 50 dollars per month and requires 60 days of physical record retention before shredding to protect confidential data.
MENTIONED IN THIS ARTICLE
Hills Bank
Sanders
ADM profits soar on ethanol price gains in Q4
Archer Daniels Midland reported Q4 profit more than doubled to 410.3 million dollars as better ethanol prices boosted bioproducts and processing segments. Revenue rose to 9.55 billion with strong oilseeds and corn processing profits and plans for 2.4 billion in capital spending over 24 to 30 months.
MENTIONED IN THIS ARTICLE
Decatur, Ill
Archer Daniels Midland Co
Wall Street
Patricia Woertz
G. Allen Andreas
Woertz
Thomson Financial
ADM
Cedar Rapids
Risks of Callable Bonds and Investor Protections
Investors face possible loss when bonds are called before maturity and may receive only par value. Callable bonds offer higher coupons but add reinvestment risk and extra costs. Experts disagree on the prudence of call risk with Kimon Daifotis noting potential gains and Stan Richelson warning calls favor issuers.
MENTIONED IN THIS ARTICLE
U.S
Freddie Mac
U.S. Treasury
Kimon Daifotis
Charles Schwab
Daifotis
Stan Richelson
Scarsdale Investment Group
Blue Bell
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Toyota
Chrysler
Ford
Jeep
1St Ave
15Th St
C.R. WalMart
Southwest C.R. HandiMart
Dubuque & Market
J.C. BP
Coralville
Washington County Economic Development Group
Group
Ed Raber
Mark Tade
Gazette Hills Bank & Trust
Karen Mracek
Donna
Marshall Loeb
MarketWatch
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