Wall Street Ends Mixed After Late Session Turnaround
Stocks closed mixed after a dramatic late-day rebound as bargain hunters returned amid fading credit fears. Dow fell 15.69 to 12845.78, S&P gained 4.56 to 1411.26, Nasdaq slipped 7.76 to 2451.07 as oil and gas futures declined and energy demand cooled.
MENTIONED IN THIS ARTICLE
Wall Street
Countrywide Financial Corp
Federal Reserve
Dow Jones
S&p
New York Mercantile Exchange
Nymex
Nordstrom profit rises amid credit card costs
Nordstrom Inc reports a slim second quarter profit gain as credit card costs cut into sales. quarter ended Aug 4 earnings rose to 180.4 million or 71 cents per share from 178.8 million or 67 cents. Revenue climbed 5 percent to 2.39 billion, above a 2.38 billion consensus.
MENTIONED IN THIS ARTICLE
Nordstrom Inc
Thomson Financial
Wall Street
Home financing 50 year mortgage rates edge up
Freddie Mac reports week slim rise in 30-year fixed rates to 6.62 percent from 6.59 percent last week. Fifteen-year fixed mortgages rise to 6.30 percent from 6.25 percent while five-year ARMs move to 6.35 percent and one-year ARMs to 5.67 percent. Gazette and wire reports.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette and Wire Reports
ImOn raises some rates lowers others in service alignment
ImOn Communications, formerly McLeodUSA ATS, boosts basic cable from 8.95 to 14.95 and preferred cable from 36.95 to 41.98 per month while keeping phone prices mostly unchanged. Internet site service climbs to 31.98 with speeds doubling. Internet Plus drops from 99.95 to 49.98 with faster upload and download speeds. Four new high definition channels added by September and Big Ten Network to be offered from Aug 30. Price changes apply to Sept 16 or Oct 1 bills depending on billing cycle.
MENTIONED IN THIS ARTICLE
George
Ford
The
Gazette
Cedar Rapids
TmOn Communications
McLeodusa Ats
Steve Gray
ImOn Communications
Basic Cable
Preferred Cable
Internet Plus
Gray
Diplomats tour Iowa industry showing high tech CIVCO visit
More than 100 ambassadors and representatives from over 50 countries toured central Iowa on Thursday to witness CIVCO Medical Solutions and other manufacturing firms, highlighting Iowa's business and export potential beyond agriculture. Senator Grassley stated the ambassadors tour, begun in the 1980s, helps attract investment and showcase opportunities in Iowa.
MENTIONED IN THIS ARTICLE
Brian Ray
Thomas Mbimba
Democratic Republic of Congo
Joanne Chalupa
Katona
Civco Medical Solutions
U.S
Chuck Grassley
Lowa
George C. Fora
ALONA
Iowa
CIVCO
Frits Thissen
Netherlands
Thissen
Bruce Ribble
Swisher
Kalona
Home construction hits 10 year low in July
Washington AP reports construction of new homes and apartments fell 6.1 percent in July to an annual rate of 1.38 million units, the slowest pace since January 1997. Analysts cite rising mortgage defaults and subprime turmoil as deepening factors in a widening housing slump.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
David Seiders
National Association of Home Builders
Seiders
Patrick Newport
U.S
Global Insight
Wallstrip and the new teen investor culture
Wallstrip blends stock market commentary with video humor to attract teens and twenty-somethings. Howard Lindzon leads the venture with Lindsay Campbell hosting short daily segments on stocks like Garmin. The site aims to make investing entertaining and accessible beyond traditional Wall Street narratives.
MENTIONED IN THIS ARTICLE
Apple
Garmin
Starbucks
Wallstrip
Howard Lindzon
James Cramer
CNBC
Lindzon
Lindsay Campbell
Garmin Ltd
Global Positioning Systems
Campbell
Wall Street
Michael Stahl
Money & Life
Stahl
Bullpop.com
Icarra
Also Mentioned on This Page
Nordstrom
Gost
Mao
St Ave
15Th St
C.R
Willams Blvd
C.R. Casey's
Dubuque & Market
J.C
Ast Ave
Coralville
ImOn
Big Ten
McLeodusa Inc
First St. SE
George. Ford
Gazettecommunications.com
Business of Iowa
Grassley
Sen
Steve Rasen
Kansas City Star
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