Wall Street rises as confidence grows and housing heals
A market uptick followed by gains in banks retailers and homebuilders as consumer optimism improves and housing shows strength. The Dow added 30.01 to 9539.29 the S and P 500 rose 2.43 to 1028 and the Nasdaq gained 6.25 to 2024.23 amid energy losses after oil cooled. President Obama said he wants Bernanke to stay as Fed chair on Martha's Vineyard, crediting him with steering the economy from its worst crisis since the 1930s.
MENTIONED IN THIS ARTICLE
Dow
Standard & Poor
Barack Obama
Ben Bernanke
Fed
America
Obama
Martha’s Vineyard
Bernanke
White House
Cummins moves Lake Mills jobs to Mexico
About 400 Cummins Filtration workers in Lake Mills will lose jobs by March 2010 as oil and fuel filter assembly shifts to San Luis Potosi Mexico. Roughly 110 Lake Mills employees will stay. Cummins may move more work from Cookeville Tennessee to Mexico. The rest of the article notes improving consumer confidence with the Conference Board index rising to 54.1 from 47.4 in July.
MENTIONED IN THIS ARTICLE
Cummins
Lake Mills
Winnebago County
Mexico
Cummins Inc
San Luis Potosi
Cookeville
Tenn
Rich Freeland
Conference Board
Corridor unemployment rates hold steady in July
July unemployment in the Cedar Rapids MSA stayed at 6 percent as a 2,000 government job drop and a 2,500 non farm loss offset gains elsewhere. Iowa City MSA rose to 4.8 from 4.7 percent. State rate 6.5 percent. national 9.4 percent.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Iowa Workforce Development
Iowa City Msa
Cedar Rapids Msa
Iowa
Kirkwood Center For Continuing Education
Kirkwood Blvd
Edcinc.org
Iowa Department of Economic Development
IBM to create 1300 jobs in Dubuque Roshek Center
About 400 people gathered in Dubuque to mark IBMs plan for 1300 jobs at the Roshek Building global delivery center. Gov. Culver and Mayor Buol hailed the public private effort as a historic, long term workforce pipeline for IBM. IBM executives said hundreds already hired and recruitment continues, with 600 roles targeted by year end.
MENTIONED IN THIS ARTICLE
Eileen Mozinski
Telegraph Herald
IBM
Dubuque
Roshek Building
Chet
Culver
Roy Buol
Roshek
Mike Daniels
Daniels
Dave Kettering
Iowa
Chet Culver
Venture capital squeeze may curb startup innovation
Cedar Rapids report by George C. Ford on a tightening capital landscape threatening early-stage funding for Young Business Enterprises. Venture capital shortfalls risk delaying innovation and job growth as Angel and VC support retreats. Innovations America’s Richard Bendis urges federal action with a $2 billion seed fund, enhanced tech programs, and a new public private intermediary to spur growth. He notes tight budgets across states and calls for a one-to-one local match to ensure investor commitment.
MENTIONED IN THIS ARTICLE
United States
Richard Bendis
Innovation America
Philadelphia
Entrepreneurial Development Center
Cedar Rapids
Bendis
Obama
Congress
Administration
Stimulus plan may lift Whirlpool Middle Amana plant
A 300 million federal appliance stimulus offers Energy Star rebates of 50 to 200 dollars, with states handling details. Whirlpool’s Middle Amana plant makes mostly Energy Star refrigerators and has laid off workers. benefits depend on recovery. Utilities like MidAmerican offer disposal rebates and appliance credits, while most funds are expected to be awarded by November.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Whirlpool Corp
Middle Amana
U.S. Department of Energy
Energy Department
Diane Munns
MidAmerican Energy
Whirlpool
Jill Saletta
Amana
Saletta
MidAmerican
Also Mentioned on This Page
Wall Street
Federal Reserve
Federal Reserve Chairman
Iowa City
Msa
Diane Diggelmann
Dubuqu
Joh Gronen
Gronen
City of
George C. Ford
The
George.ford
Gazcamm
David Dewitte
Gazcomm.com
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