Dow Surges After Fed Pledges Near Zero Rate Through 2013
U S markets rallied as the Fed vowed to keep rates near zero through 2013. Dow gains 429.92 to 11 239.77, S&P 500 up 53.07 to 1 172.53, Nasdaq climbs 124.83 to 2 482.52. Iowa City report shows nine year growth in commercial and residential valuations.
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Apple tops Exxon as US's most valuable company
NEW YORK Apple briefly surpassed Exxon Mobil as the most valuable company in the United States on Tuesday before trading places again as the gap narrows. Apple had overtaken Microsoft, the previous No. 2, just last year.
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Witte's End Coffeehouse owner bakes, serves weekly specials
Cathy Petersen runs Witte's End Coffeehouse in Marion with five part timers. She bakes nearly 150 scones weekly and multiple cinnamon rolls on Fridays and Saturdays while offering 28 flavors. The shop, open five days, emphasizes “Scenes” and a Cheers like vibe with regular customers assisting during rushes.
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Two new restaurants planned in Iowa City
Panda Express seeks a drive through variance for a 2448 square foot stand alone restaurant at the former Walmart on Highway 1 West in Iowa City. The project adds 50 parking spaces and follows Dairy Queen approval nearby. Culver’s also seeks a drive through at 710 Highway 1 West with a 3954 square foot building and 51 spaces.
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