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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 09, 2009
Page
10
Stocks dropped across the major indices as investors sold to cash and safe assets. The Dow Jones Industrial Average slid about 104 points to 10,285.97 after earlier losses, while the S&P 500 fell 11.31 to 1,091.94 and the Nasdaq declined 16.62 to 2,172.99.
McDonald’s reported a 0.6 percent drop in same store sales in the United States for November, the second straight monthly decline and steeper than October’s 0.1 percent. The decline marks only the fourth U.S. decrease in over six years as joblessness sapped consumer spending.
Treasury notes and bonds advanced as traders priced in cautious views on the pace of the economic rebound. The three year yield fell to 1.18 percent after price gains, the 10 year yield slipped to 3.40 percent, and the 30 year bond yield held at 4.39 percent. Oil prices declined as a stronger dollar and mixed data dimmed near term demand. Brent eased to 75.19 on ICE after NYMEX settle at 72.62.
Personal financial expert Suze Orman will speak at the Women’s Leadership Conference Luncheon on April 21 in Coralville. Her talk titled Own the Power to Con trol Your Destiny aims to guide attendees toward financial independence and wealth. Registration for the conference will begin next year.
A Midwest snowstorm could slash remaining corn across the nation, with Iowa holding about 150 million bushels unharvested while Nebraska South Dakota Illinois face higher losses. Winds up to 50 mph may lodge stalks and delay harvest as Roose cites weather challenges and wetter fields. Iowa officials urge livestock producers to prep for outages and keep generators, feed, and water ready.
Closeout Unlimited at 517 Third Ave. SW offers Chinese checkers Hot Wheels Big Wheels Buddy L trucks wooden blocks Suzy Homemaker dolls and toy trains plus NASCAR diecasts and G scale trains. Owner Ernie Petit says prices are deeply discounted aiding busy families and flood survivors in the neighborhood.
Manpower survey of over 28 000 U S employers shows 11 percent expect to hire in Jan to March, 7 percent plan cuts, 78 percent hold steady and 4 percent unsure. Durable goods, transportation, utilities, and government show strongest demand while construction and financial services cut jobs. Coralville Iowa City not surveyed.
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