Markets rise on rate stability hopes and earnings gains
Stocks rallied as investors bet rates will stay steady after data signaled slower growth. The Dow rose to 10 867.01 and the Nasdaq to 3 862.99 while Eastern Iowa stocks showed 27 gains, 18 declines and two flat.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
Wal-Mart
APAC
Maytag
Deere
AEGON
Eastman Chemical
Fiserv
McLeodusa
Treasury bills show mixed rates in Monday auctions
Short term bills ended mixed as three month notes edged up to 6.095 percent on $9.5 billion and six month bills at 6.060 percent on $8.5 billion. Discount yields imply 6.278 percent and 6.339 percent real returns for $10 000 and $9 693.60 bills respectively. The Fed reported one year bill yields rose to 6.09 percent from 6.06 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
United Airlines pilots shortage slows flights and travel agencies
United Airlines faces a continuing pilot shortage with 238 cancellations as pilots refuse overtime post contract expiry. Travel agents report passenger delays and pushes to later flights while United trims schedules and increases spare aircraft to curb delays.
MENTIONED IN THIS ARTICLE
United Airlines
and Gazette
May
United
Chris Black
Kurt Ebenhock
Variable rain aids soybeans but hurts late corn in Iowa
Iowa farmers see soybeans filling pods with rain in central regions while northwest areas face drought harming corn yields. Subsoil moisture is 12 percent adequate there, versus 81 percent in East Central. Market futures slip on rain hopes as corn, soybeans and wheat values fall.
MENTIONED IN THIS ARTICLE
East Central
Linn
Johnson Counties
Chicago Board of Trade
Midwest
Iowa
Iowa State Fair Opens One Of World's Largest Livestock Shows
Des Moines Iowa State Fair launches 11 days of judging with about 50 breeds of cattle sheep swine goats rabbits llamas and poultry. Dairy cattle entries rise with a record 1100 head while swine entries dip to about 1000 amid a pseudorabies concern.
MENTIONED IN THIS ARTICLE
Iowa News Service
DES Moines
Janie Williams
Iowa
Verizon strike widens across eastern states with 14 000 on picket
AP report says a nationwide strike against Verizon continues into a second day with about 14 000 workers walking the picket lines from Maine to Virginia and DC. Iowa and Midwest wireless staff are not involved. Talks resume after a 16 hour Sunday session.
MENTIONED IN THIS ARTICLE
Washington
Verizon Communications
Maine
Virginia
District of Columbia
Verizon Wireless
Iowa
Midwest
Verizon
Alltel
Delaware
Maryland
Massachusetts
New Hampshire
New Jersey
New York
Pennsylvania
Rhode Island
Vermont
West Virginia
Job cuts hit 17 month high in July
US employers announced 63,967 job cuts in July, highest in 17 months and above July last year. The Challenger firm says the figure rose 270 percent from June and marks the first time since March 1999 that July totals exceeded the prior year.
MENTIONED IN THIS ARTICLE
New York
Challenger, Gray & Christmas Report
Also Mentioned on This Page
United Fire
United Fire & Casualty Co
Cedar Rapids
New Orleans
State Farm Fire and Casualty Co
Lincoln, Neb
Priority One
Cedar Rapids Area
Charles Peters
Gazette Communications
BizFacts
Europe
Pat Carr
Paul Trap
Loria al
Trav
Elers
Kris May
Gateway Travel Agency
Hawkeye World Travel
Iowa City
Ron Kuhlmann
Herb Hunter
The
Pilots’ Union
Lowa
Iowa Agricultural Statistics
By Marlene Lucas
Jim Fawcett
Iowa State University Extension
Marion
Iowa Crops & Weather Report
Iowa State Fair
Iowastatefair.org
Edgewood Road
Marion Boulevard
United Security Savings Bank
DIC
Nyse Index
Nokia Corps
LucentTech
Atat Corp
Texas
American Stock Exchange
Djia Diamads
Xcelera.com
Cisco
Cho
Biotech
Standard & Poor's Indust
Insurance
Telecom
Indust
Hess Wes
Transport
Wilshire Associates
Associated
Call Eastern Iowa Enterprise Council
EIEC
Non-Profit Organization