Wall Street edges up as data shows stable rates
The Commerce Department reported new home sales down 4.3 percent in July the largest drop since February and orders for durable goods fell 2.4 percent as demand for aircraft and autos weakened. The Dow rose 6.56 points to 11304.46 and the Nasdaq gained 2.45 to 2137.11 as advancers slightly outweighed decliners on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Commerce Department
Department
U.S
New York Stock Exchange
Rite Aid to buy Eckerd Brooks stores for 2.55 billion
Rite Aid announces a 2.55 billion cash and stock deal with Jean Coutu Group to acquire about 1,800 Eckerd and Brooks stores. The move strengthens its East Coast footprint and positions it against Walgreens and CVS after a multiyear turnaround.
MENTIONED IN THIS ARTICLE
Rite Aid
Rite Aid Corp
New York
Atlanta
Eckerd and Brooks
Canada
Jean Coutu Group Inc
Walgreen Co
CVS Corp
Mortgage rates dip for fifth straight week in cooling market
Freddie Mac reports 30-year fixed mortgage average at 6.48 percent, down from 6.52 percent. The 15-year rate sits at 6.18 percent, and the one-year ARM at 5.60 percent as July home sales decline.
MENTIONED IN THIS ARTICLE
Freddie Mac
Bon-Ton posts wider loss after Younkers deal costs
Bon-Ton Stores reports a second-quarter net loss of 19.8 million or 1.20 per share for the quarter ended July 29. Higher interest expenses linked to the March purchase of Younkers and three other chains weighed on results. Revenue rose to 766.7 million, with 464.7 million from acquired stores.
MENTIONED IN THIS ARTICLE
Bon-Ton Stores Inc
Younkers
Saks Inc
Thomson Financial
Gazette, News Services
Gas Price Survey Across the Corridor
A random survey records gas prices in the Corridor as of yesterday afternoon. Prices are rounded up to the nearest cent.
Farmland values steady in Eastern Iowa and statewide gains
Eastern Iowa farmland values stayed stable in Q2 while the state shows an 8 percent rise for the year ending July 1. Western, northern, central and southern areas posted modest increases as higher costs and drought affect demand and lending patterns.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Iowa
Federal Reserve Bank of Chicago
David Oppedahl
Feng shui tips draw 50 women to Marion talk
Feng shui consultant Nicole Healey spoke to about 50 women at the Marion home of Neil Boudreaux and Donnie Lender about using the ancient art to attract wealth. She described the bagua grid and advised decorating targets like abundance with positive images to boost prosperity.
MENTIONED IN THIS ARTICLE
Duane Crock
the Gazette
Nicole Healey
Cedar Rapids
Marion
Healey
Dave DeWitte
Gazette
Ben Grahm
Grahm
Neil Boudreaux
Donnie Lender
Gas prices ease for Labor Day travel across Midwest
Gas prices drop from summer highs with regular price under 2.65 per gallon in Cedar Rapids and 2.57 in West Des Moines as supply fears fade. Ethanol prices sink, aiding declines while AAA notes national unleaded averages near 2.92 and a modest rise in Labor Day trips though air travel may slip.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
West
Des Moines
Wedgewood
Iowa
AAA
Preteens Learn Investing Basics From Kansas City Class
Paula Porsch led an eight week money and investing course for 9 to 11 year olds in a Merrill Lynch Kansas City office. The class covered the Rule of 72 stock market basics and ethics with field questions and company research.
MENTIONED IN THIS ARTICLE
Tommy Larson
Porsch
Merrill Lynch
Kansas City
Wall Street
Spencer
Country Club Plaza
Chi-Leigh Warren
Wal-Mart
J.C. Penney
Wal- Mart
Also Mentioned on This Page
Bon-Ton
1St Ave
15Th St
C.R
Villiars Blvd
Dubuque & Market
J.C
Coralville
Minos
Indiana
Federal Reserve Gazette Graphic Bank of Chicago
Oppedahl
Marlene
Lucas
Sattempunications
Minnesota
Phil Wedgewood
Middle East
Israel
Hezbollah
Lon
Paula Porsch
Steve Rosen
Sta
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