Wall Street Mixed After Oil Jump. Lehman Boost Eases Worries
Stocks ended mixed as investors shrugged off oil surges and focused on a bullish Lehman Brothers call. The Dow rose 12.78 to 11,430.21, the S&P 500 gained 3.18 to 1,277.72, while the Nasdaq fell 8.70 to 2,380.38. Johnson County supervisors approved 25000 for flood-affected small businesses via an Iowa City Chamber program funding up to 5000 per loan. Iowa City and Coralville each added 75000 to the fund. The panel argued limited unincorporated-area damage versus city losses.
MENTIONED IN THIS ARTICLE
Wall Street
Lehman Brothers Holdings Inc
Standard & Poor
Johnson County
Iowa City
Heinz profits rise 11 percent on sales growth
Heinz reports for the fiscal first quarter ended July 30 a profit of 229 million dollars or 72 cents per share, up 11 percent from last year as revenue climbs 14 percent to 2.58 billion dollars. Growth came from North America and Europe while U S restaurant demand weakens.
MENTIONED IN THIS ARTICLE
H.J. Heinz Co
North America
Europe
Heinz
U.S
Home loan rates dip to lowest in weeks
Freddie Mac reports 30-year fixed rate mortgages at 6.47 percent this week, down from 6.52 percent last week. The 15-year fixed rate drops to 6.00 percent from 6.07, while five year ARMs average 5.99 percent, and one-year ARMs rise to 5.29 percent from 5.18.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gas Price Survey in the Corridor
A selective survey of gas prices in the Corridor as of yesterday afternoon shows prices rounded to the nearest cent. The report highlights local pump costs and variability across stations.
Crowne Plaza Five Seasons Franchise Restored in Cedar Rapids
Cedar Rapids largest hotel briefly lost its Crowne Plaza franchise as a payment issue prompted by Intercontinental Hotels Group. Kronos Hotel Group and Intercontinental resolved the outage by Wednesday afternoon, and the license was reinstated. The hotel’s online Holidex reservations were updated by Thursday morning.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Crowne Plaza
Five Seasons
Intercontinental Hotels Group
Peter Mathen
Kronos Hotel Group LLC
Georgia
Crowne Plaza Five Seasons
Kronos
Intercontinental
Mathen
Intercontinental Hotel Group
Patrick DePalma
Five Seasons Commission
U.S. Cellular Center
Caroline San Filippo
Atlanta
Dave Hockenberry
Retired True Value helper Wayne Page Turns 90
Wayne Page of Cedar Rapids retired from True Value after 22 years of guiding customers through home repair needs. He celebrated his 90th birthday, recalls a wartime Seabees service, and plans to visit the store to help when needed. His approach centers on listening and guiding customers to the right aisle rather than just pointing.
MENTIONED IN THIS ARTICLE
Meredith Hines-Dochterman
Gazette
Edar Rapids
Wayne Page
True Value Vernon Village
Phil Cronin
Cedar Rapids
Page
Cronin
Wayne
Manon
Delaware
Okla
Seabees
Naval Construction Battalion
Aleutian Islands
Guam
Rockwell Collins
Doug Christner
Coralville
Marcy Pease
True Value
Vernon Village
Big Hawkeye Labor Day picnic canceled in Cedar Rapids
Cedar Rapids plan for the Sept 1 Hawkeye Labor Council Labor Day picnic at Hawkeye Downs was canceled due to flood related issues and other priorities. Labor Council President Justin Shields cited busy leadership and flood relief work as reasons, noting the event may resume in 2009. Two union offices suffered heavy flood damage.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Organized Labor
Hawkeye Downs
Labor Council
Justin
Shields
Hawkeye Labor Council
Alan Bernard
Negotiating teen fashion to balance budget and labels
Parents face pressure from teens to fit in with brand name jeans, but can steer spending by setting limits, listing needs, offering choices, logging purchases, tying costs to work, expanding allowances, and shopping at thrift or consign- ment stores for savings.
MENTIONED IN THIS ARTICLE
Denise Romanelli
Aston
Also Mentioned on This Page
First Ave
15Th St
Williams Boulevard
Casey's
Dubuque & Market Streets
First Avenue
Growne Plaza
David.dewitte
Gazcomm.com
C.R
Manon Page
Meredith. Hines-Dochterman
Meredith Hines
Dochterman
the Gazette
David
Dewitte
Steve Rosen
Kansas City Star
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