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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Aug 08, 2009

Page

12

Unemployment Drop Lifts Markets With Big Gains

Wall Street surged as July unemployment fell and job losses slowed, lifting major indexes. The Dow climbed 113.81 to 9370.07, the S&P 500 added 13.40 to 1010.48, and the Nasdaq rose 27.09 to 2000.25 as bond yields rose.

Treasury

Oil Ends Higher as Gas Prices Climb to New Peak

Oil prices rose on fresh evidence the economy is emerging from recession. Benchmark crude for September delivery settled at 70.98 a barrel after a $1.01 drop, while retail gas prices increased nearly every day since July 22 to a national average of 2.628 per gallon, nearing the summer peak of 2.69.

New York Mercantile Exchange Auto Club Aaa Wright Express Oil Price Information Service

AIG Posts First Profit Since 2007 Amid Ongoing Restructuring

American International Group Inc reports 1.82 billion in the April-June quarter, aided by asset rebound, but warns core insurance metrics fell under recession. The insurer says unwinding 1.3 trillion dollars in derivatives will take time and results will be volatile as it restructures. It plans to sell businesses to repay the government loan, revising the plan to reflect weaker markets and aiming to maximize long term value.

American International Group Inc AIG

Governors seek federal help for pork producers

Iowa Governor Chet Culver and nine pork producing states urge the Obama administration to buy an extra 50 million in pork for government programs and lift spending caps to buy more surplus products. They also urge China to lift its pork import ban amid H1N1 concerns.

Charlotte Iowa Culver China U.S

Apples aplenty in Iowa season despite wildcards

Growers celebrate a strong apple harvest with a perfect storm of favorable weather. Paul Rasch of Wilson's Orchard says the crop is the best of all time, aided by cool July nights and a benign wind storm. Rasch, a fourth generation grower, operates 55 acres with 120 varieties between Wilson's Orchard and Fox Ridge Farm. Other Eastern Iowa orchards opened as Wilson's began Aug 1. Maury Wills leads Iowa agriculture efforts.

Brian Ray the Gazette Gage Carson Kalona Wilson's Iowa City Cindy Hadish Gazette Iowa Paul Rasch Wilson Rausch Rasch Michigan China Joyce Chug Wilson Wilson’s Maury Wills Iowa Department of Agriculture

Wilson's Orchard Opens Season At Iowa City Farm

Wilson's Orchard at 2924 Orchard Lane NE Iowa City invites visitors daily 10 a.m. to 7 p.m. through October. Phone number 319 354 5651 and www wilsonsapples com for details.

Orchard Lane Iowa City Wilsonsapples.com

Allen's Orchard Seasonal Hours Noted in Marion Listing

Allen's Orchard at 5801 N 10th St Marion operates 9 am to 5 pm Thursdays through Saturdays and 10 am to 4 pm Sundays through October. Contact (319) 377-1408 or visit www.allensorchard.com for apple growing details and guidance from Iowa's Department of Agriculture and Land Stewardship on diversifica tion and market development for orchard owners.

10Th St Marion Allensorchard.com Iowa Department of Agriculture and Land Stewardship Agriculture.state. Ia

Mediacom to raise Iowa rates by 2 to 6 monthly

Mediacom will raise monthly rates across Cedar Rapids and most Iowa communities by 2 to 6 dollars. Broadcast Basic goes to 25.95 and Expanded Basic to 37. Family Cable to 62.95. Mediacom Online with video or phone rises to 47.95, without to 62.95.

We Gazette Cedar Rapids Mediacom Iowa Phyllis Peters Peters Big Ten Fox News Johnson County

Also Mentioned on This Page

Wall Street Tatu Mlta Rco Raa Hillsbank.com Hills Bank Chet Culver Dave Moody Nevada Towa Moody Iowa Pork Producers Association Neil Dierks National Pork Producers Council Nebraska Illinois Michi Gan Wisconsin Kentucky Colorado North Carolina Oklahoma Chareby Aol Fox Ridge Farm Just Land Stewardship’s Agricultural Diversification and Market Development Bureau David. Dewitte Gazcomm.com
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