Stocks Slip as Oil Prices Hit Record and Deals Boost Early Trading
Stocks fell for a third straight session as oil rose to a record 63.94 a barrel on NYMEX. Acquisitions by E Trade and Quest Diagnostics drove early gains while the Dow and Nasdaq slipped. Treasury bills climbed to highest levels in four years. China’s airlines order 42 Boeing 787 jets ahead of Hu Jintao visit. Gas prices hit a weekly high, West Coast gasoline leading at 2.57 a gallon.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
U.S
Saudi Arabia
E-Trade Financial Corp
Quest Diagnostics Inc
Treasury
Xinhua
Air China Ltd
China Eastern Airlines Corp
Shanghai Airlines Co
Xiamen Airline Co
Hu Jintao
United States
Boeing
Airbus
West
Midwest
Soaring U S home prices outpace salaries for workers
A study by the Center for Housing Policy shows median U S home prices up 20 percent in 18 months to 225000, while wages for teachers firefighters and nurses remain flat or rise modestly. Prices rise fastest in San Francisco Orange County New York Boston with Tulsa Minneapolis now less affordable.
MENTIONED IN THIS ARTICLE
Washington
Tulsa
Okla
United States
Center For Housing Policy
Barbara Lipman
San Francisco
Orange County
Calif
New York
Boston
Midwest
Waterloo
Saginaw
Mich
Lima
Youngstown
Ohio
Lipman
Minneapolis
Drought dries Iowa fields as Gov Vilsack seeks disaster aid
Iowa Governor Tom Vilsack said he will press U S Agriculture Secretary Mike Johanns for federal disaster assistance during a listening session at the Iowa State Fair in Des Moines. Iowa counties near Illinois may qualify, with emergency reports due next week and topsoil moisture at high risk in east central areas.
MENTIONED IN THIS ARTICLE
Rod Boshart
Marlene Lucas
Gazette
Iowa
Tom Vilsack
U.S. Agriculture
Mike Johanns
Johanns
Derryl McLaren
FSA
Vilsack
Illinois
Ben Roberts
Columbus Junction
Whirlpool sweetens Maytag bid to 20 per share
Whirlpool Corp raises its offer to 20 a share valuing Maytag at about 1.62 billion plus assumed debt. The binding bid would total 2.6 billion with 977 million debt and a 120 million reverse breakup fee if regulators reject the deal. Maytag and Triton responses noted.
MENTIONED IN THIS ARTICLE
Grand Rapids, Mich
Whirlpool Corp
Maytag Corp
Maytag
New York Stock Exchange
Whirlpool
John Daggett
Triton Acquisition Holding Co
Triton
Kevin O’mara
New York
Banana Republic Factory Store to Open at Tanger Williamsburg
Banana Republic will open its first area outlet store on August 29 at the Tanger Outlet Center in Williamsburg, occupying a 7,800 square foot space beside Casual Male. The Banana Republic division of Gap Inc. joins Old Navy and Gap outlets at the center. Stanley Tanger calls the new store a welcome addition to the outlet cluster.
MENTIONED IN THIS ARTICLE
Banana Republic
Tanger Outlet Center
Dave DeWitt
The
Gazette
Tanger
Williamsburg
Banana Republic Factory
Gap Inc
Old Navy
Gap
Gap’s Outlet
Stanley Tanger
Tanger Factory Outlet Centers Inc
Detasselers protest Remington in Iowa locations
Minnesota detasselers unhappy with working conditions demonstrated at Remington Hybrid Seeds plants in Eldora Vinson Williams Iowa. Organized by Jesus Torres of United Workers of the North the group seeks direct company status a contract and fair wages.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette Corn Detasselers
Minnesota
Remington Hybrid Seeds
Iowa
Eldora, Vinton and
Williams
Jesus Torres
United Workers of the North
Torres
Hastings
Minn
Steve Hageman
Remington Hybrid Seed
Remington
Ind
The
Gazette
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DOW
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Treasury Department
Energy Department
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C.R. WalMart
Southwest C.R. HandiMart
Duhuane & Clinton
CBP
Coralville Ee
Gov
Ter
Clinton
Des Moines
Dubuque
Jackson, Lee
Louisa
Muscatine
Scott
Iowa Agricultural Statistics
Vnsionline
Mariene
Gazette Qunications
Jeff Fettig
Canada
Lion
David.dewitte
Gazettecommunications. Com
APAC
Aegon NV
Maytag Alcoa Inc
Mestek
Alliant Energy
Nash Finch
Pearson PLC
Arch Dan Mid Penford Corp
Bandag Inc
PepsiCo
Caseys Gen Store
Procter & Gambie
Columbus McKinnon
Comel Fed
Qwest Commun
Deere Co
RF Micro Devices
Dillards Inc
Raicorp Holding
Fastenal Co
Rockwell Collins
Featherlite Inc
Saks Inc
Fiserv
Gen Mills
Air Gillette Co
Skyworks Solution
HMI Corp
Tanger Factory
Heartland Exp
Terex Co
Toyota Met
Heinz
Uld Fire Cas
ING Glob RE Inco
Inti Paper
US Bancorp Keane Inc
US Cellular
Kohls Corp
Anove Inc
Longon
Verizon Comm
WalMart Sirs
Macc Pro Eat
Corogen
MCI Inc
Weyerhauser
Marsh & McLennan
Marlene.lucas
Piesevan A
Welter’s
Www
Welterstorage.com
Blairs Ferry
Cedar Rapids
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