Wall Street little changed after big rally as investors await jobs data
Stocks advanced modestly with the Dow up 33.63 to 9320.19 the S&P 500 at 1005.65 and the Nasdaq 2011.31 as traders held positions ahead of Friday employment data. Senate leaders signaled a vote to extend the cash for clunkers program amid strong demand and debate over changes.
MENTIONED IN THIS ARTICLE
Labor Department
Senate
Sen
Harry Reid
Nevada
Reid
Mitch McConnell
Kentucky
ADM Reports Sharp Q4 Drop Amid Higher Costs
Archer Daniels Midland Co. posted an 83 percent drop in fiscal fourth quarter profit to 64 million dollars or 10 cents per share as corn costs rose and selling prices and demand softened. The Decatur based firm saw prior year earnings of 372 million or 58 cents per share, and its shares fell 1.58 dollars to 28.81.
MENTIONED IN THIS ARTICLE
Archer Daniels Midland Co
Decatur
Cedar Rapids
ADM
Ssangyong workers clash as police storm factory in Korea
Fired workers of Ssangyong Motor burn barricades at the Pyeongtaek plant while police commandos storm the occupied factory amid a two month standoff. Authorities report fears the automaker may face bankruptcy as operations are disrupted. Police halted before attacking the plant’s flammable paint shop.
MENTIONED IN THIS ARTICLE
Ssangyong Motor
Pyeongtaek
South Korea
Rental aid for flood-damaged firms delayed to late August
Cedar Rapids based JumpStart Rental Assistance for flood damaged businesses will begin disbursing checks in late August, about two months later than forecast. The program provides up to six months rent and a maximum of 50000 dollars per applicant, but release hinges on HUD transfers through state and local channels. Local administrators say delays frustrate owners like Zins restaurant co owner Amy Wyss and keepasterhousehold landlords understanding while awaiting federal funds.
MENTIONED IN THIS ARTICLE
Watere
Cedar Rapids
U.S. Department of Housing and Urban Development
HUD
Theresa Bornbach
Transitions
Bornbach
Ing
Zins
Second Ave
Tom Harkin
Iowa
Steve Emerson
Amy Wyss
Wyss
Harkin
Airbrush artist turns memorial shirts into keepsakes
Dorota Bogner of Airbrush Etc. in Rapids describes turning memorial portraits into T shirts, painting for grieving families and handling orders of 20 to 30 shirts. She recounts starting with temporary tattoos in 2000 and shifting to T shirts in 2004, with shop moves from Lindale Mall in 2006 to a new 33rd Avenue SW location due to long hours and staff challenges.
MENTIONED IN THIS ARTICLE
Chris Mackler
the Gazette
New
Bogner
Airbrush
Rapids
Cre
Lindale Mall
33Rd Avenue SW
Lindale
Southgate Pi
Eta Bogner
Mortgage aid program helping few borrowers
Washington AP The 50 billion foreclosure relief plan helps only a minority of eligible homeowners as of July nine percent receive payment reductions and ten lenders report no loan modifications. Banks like Bank of America Wells Fargo underperform while 38 companies participate and 400000 offers reach 2.7 million eligible borrowers.
MENTIONED IN THIS ARTICLE
Washington
Bank of America Corp
Wells Fargo & Co
Bofa
Wells Fargo
Wachovia Corp
Mike Heid
RealtyTrac Inc
Bruce Dorpalen
Acorn Housing
Litton Loan
Goldman Sachs
HomEy
Barclays PLC
Michael Barr
Treasury Department
Financial Institutions
Also Mentioned on This Page
Wall Street
Archer Daniels Midland
By Dave DeWitte
David. Dewitte
Gazcomm. Com
George C. Ford
Gazette
Dorota
George.ford
Gazcomm.com
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