Wall Street slides as credit worries offset Countrywide infusion
Wall Street closed mildly lower after credit market anxiety tempered gains from a 2 billion capital infusion into Countrywide Financial. The Dow fell to 13,235.88, the S&P 500 at 1,462.50, and the Nasdaq to 2,541.70 amid market uncertainty. Microsoft to replace parts of Wireless Racing Wheel controllers after 50 overheating reports. about 230,000 units sold. No fires or injuries reported. safe on battery power.
MENTIONED IN THIS ARTICLE
Wall Street
Countrywide Financial Corp
Standard & Poor
Microsoft Corp
Microsoft
Energy油 prices rebound as markets steady
Crude oil futures rose with October delivery up 57 cents to $69.83 a barrel while September gasoline gained 3.42 cents to $1.9282 a gallon. Natural gas futures rose 4.4 cents to $5.622 per 1,000 cubic feet as storage climbed by 23 billion cubic feet to 2.93 trillion, about 18 percent above the five year average.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Energy Department
U.S
Freddie Mac Reports Declines in Mortgage Rates This Week
Freddie Mac announced weekly average rates for various loan types. The 30-year fixed rate dropped to 4.52 percent from 6.62 percent, the lowest since late May. The 16-year fixed rate fell to 6.18 percent, five-year ARM to 6.34 percent, and one-year ARM to 5.60 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette
News
Gas price survey in the Corridor
A random survey shows gas prices as of yesterday afternoon with prices rounded to the nearest cent. The note lists a low price of 2.66 dollars at ival ist Ave Coralville and a 2.96 price elsewhere.
MENTIONED IN THIS ARTICLE
Ist Ave
Coralville
Grassley warns NIH chief over whistleblower form actions
Sen. Chuck Grassley warns NIH Director Elias Zerhouni about a form given to Environmental Health Sciences employees that prompts reporting of congressional contact. Grassley seeks written explanations and five specific questions, including who received the form, amid concerns of pressure on whistleblowers and possible interference with a congressional inquiry.
MENTIONED IN THIS ARTICLE
George C. Ford
The
Gazette
Chuck Grassley
Iowa
National Institutes of Health
Grassley
Senate Finance Committee
National Institute of Environmental Health Sciences
Environmental Health Sciences
Elias Zerhount
Congress
Zerhouii
Zerhouni
Honkamp Krueger reaches $1 billion assets under management
Joel and Judy Eckman worked with Honkamp Krueger Financial Services to build a comprehensive family investment plan. The firm surpassed $1 billion in assets under management, a milestone reached by fewer than 2 percent of independent advisers.
MENTIONED IN THIS ARTICLE
Chris Kelleher
the Gazette
Roy Lines
Dubuque
Honkamp Krueger Financial Services
Judy Eckman
Iowa City
Hiawatha
George ¢. Ford
Gazetta Iawatha
Joel
Honkamp Krueger & Co
Dyersville
Judy
Eckmans
United States
Jim Herrig
Certified Public
Herrig
Ron Helle
Helle
Fewer people sign up for unemployment claims
The Labor Department reports a 2,000 drop in new unemployment insurance applications to 22,000 for the week ending Aug 18, the first decline in about a month. Analysts expected 320,000, and claims suggest a relatively healthy labor market despite housing weakness and credit turmoil. Continuous claims rose to 2.57 million for the week ending Aug 11, with economists cautioning that claims may drift higher amid financial sector layoffs.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Wall Street
Ken Mayland
ClearView Economics
Omair Sharif
RBS
Greenwich Capital
Perils of plastic and the rise of credit awareness
A parent reflects on his 21 year old son joining the plastic generation while weighing the risks and rewards of credit cards. He warns college students to avoid debt, urges paying the balance in full, and monitors statements for unauthorized charges amid talk of a secure dream card to curb identity theft.
MENTIONED IN THIS ARTICLE
Javelin
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Ast Ave
15Th St
C.R
Williams Blvd
Caasy
Dubuque & Markel, IC
Beorgs
San
Honkamp
Steve Rosen
Kansas City Star
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