Energy futures slip amid economy worries and bearish market
Energy futures fell as concerns about the economy offset hurricane season optimism. Analysts blame persistent bearish sentiment on speculators who helped push prices to highs last week, with positions being sold to realize profits or cap yearly gains. Light crude for September delivery settled at $71.59 a barrel on the NYMEX, down 56 cents, while September gasoline settled at $1.934 a gallon, down 0.37 cent.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Nymex
Mortgage rates edge lower as Freddie Mac reports declines
Freddie Mac data show 30-year fixed loans averaging 6.59 percent, down from 6.68 last week and the lowest since early June. Fifteen-year fixed rates eased to 6.25 percent from 6.82, while one-year ARMs rose to 5.65 percent. Five-year ARMs increased to 6.33 percent from 6.29.
MENTIONED IN THIS ARTICLE
Freddie Mac
Renewable fuel plant begins production in Farley Iowa
Renewable Fuel Western Dubuque Biodiesel has started producing in Farley becoming Iowa s 13th biodiesel plant. The 30 million gallon per year facility will be marketed by Renewable Energy Group Inc boosting REG s network to six plants and total capacity to 162 million gallons. Magna International reports second quarter profit up 46 percent on higher sales in Eastern Iowa auto parts plants. Ontario based Magna earned 262 million dollars or 2 35 a share versus 193 million or 1 75 a share a year earlier. revenue rose 5.7 percent to 6.73 billion from 6.37 billion. Analysts expected 1.83 per share on 6.38 billion in revenue.
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Western Dubuque
Farley
Iowa
Renewable Energy Group Inc
Renewable Energy Group
Magna International
Ontario
Magna
Thomson Financial
Sealed Air Board Approves Buyback Plan
Sealed Air Corp, which runs a plant in southwest Cedar Rapids, says its board approved a new plan to repurchase up to 20 million outstanding common shares. The Elmwood Park, New Jersey based firm has about 191.3 million shares outstanding.
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Sealed Air Corp
Cedar Rapids
Elmwood Park
N.J
Sealed Air
Gas price survey in the Corridor
A random survey of gas prices taken yesterday afternoon shows prices rounded to the nearest cent.
Wayne Industrial to open Traer plant with 200 jobs goal
Wayne Industrial Holdings plans a 100000 square foot Traer facility to produce truck mounted street sweepers. initial staffing 20 to 80 at $15 to $20 per hour, rising to 200 within a decade. plant near Tracr Manufacturing, potentially 600 sweeper per year after ramp. company a subsidiary of T5 Private Equity Partners. Traer setback cited as motivation.
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Gazeutts Traer
Traer
Cedar Falls
Wayne Industrial Holdings LLC
Kevin Waite
Offi
Cer
Tracr
Watje
Traer Manufacturing
Ray Mundt
Wayne Industrial Holdings
Mundt
Waite
Tracr Manufacturing
T5 Private Equity Partners
Mall of America
Edmonton Mall
Canada
Wayne Engineering
Coralville Marriott steadies after first year of operation
The Coralville Marriott Hotel and Conference Center reports 48.8 percent occupancy and 9.8 million dollars in sales since opening in August 2006. Managers project 2007 occupancy of 56.6 percent and sales over 11.5 million, with stabilization at 71 percent and 16.8 million in revenue by 2010.
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George CG. Ford
Gazette
Jeff Peller
Coralville Marriott
Peller
Bill Boyd
Coralville Marriott Asset Manager
Interstate 80
Iowa River
Des Moines
Boyd
Subprime fears push Dow below 13K as credit woes spread
Wall Street slid further with the Dow down 387.18 to 13,270.68 and the S&P 500 at 1,453.08 as BNP Paribas froze three subprime funds. The ECB injected over 130 billion and the Fed added 24 billion in reserves, signaling broader credit-market strain and heightened investor anxiety.
MENTIONED IN THIS ARTICLE
New York
Wall Street
BNP Paribas
U.S
Standard & Poor
ECB
Federal Reserve
Europe
Student bank accounts offer perks for campus life
Banks target students with free checking, ATM access, online banking, and discounts. Proximity to campus is crucial for ATM access and budgeting. CampusEdge from Bank of America highlights free checking for five years, a free debit card, online banking, parental deposits, and limited overdraft fee refunds. Avoid credit cards until cash and balance skills are solid. if used, cautions apply for emergencies. Compare deals at www creditcards com.
MENTIONED IN THIS ARTICLE
Financial
Bank of America
CampusEdge
Campus Edge
Broadening Student Banking Through Debit Card Programs
This piece highlights how student banking via school debit cards can expose learners to costly fees and bounced checks. It urges careful review of terms, points out ID card limitations, and stresses safeguarding personal data with a room safe as a precaution.
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1St Ave
15Th St
Williams Bird
Casey
Dubuque & Market
Ave
Coralville
Fred
Love
Gazettecommunications.com
Chris Kelleher
the Gazette
Woon Young King
Iowa City
Greg Sandborn
Overland Park
Kan
Coralville Marriott Hotel & Conference Center
Sandborn
Marriott
Josh Schamberger
Kelly Hayworth
United States
Joseph Battipaglia
Ryan Beck & Co
Steve Rosen
Kansas City Star
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