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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 10, 2009
Page
10
Investors shrug off mounting world debt and hunt for bargains after a two day stock slide. The Dow rose 51.08 to 10337.05, the S&P 500 up 4.01 to 1095.95, and the Nasdaq up 10.74 to 2183.73. Wholesale inventories rose 0.3 percent in October, beating expectations, with a 1.2 percent rise in sales.
TransUnion projects mortgage delinquencies will ease in 2010 after three years of sharp rises. The firm expects two month overdue mortgage payments to fall to 6.39 percent by year end from 6.56 percent, with credit-card delinquencies also declining through most of 2010.
Prices for the 10 year note fell 12/32 to 99 16/32 as demand waned at a $21 million auction, pushing its yield to 3.43 percent from 3.39. Oil prices dropped to two month lows with benchmark crude settling at 70.67 a barrel amid softer energy demand.
Dozens of firms shut or cut hours after a severe winter storm, with Quaker Oats and Rockwell Collins among the largest closures. International Paper kept operations running and expanded disaster plans, while banks shortened hours and urged travel caution as employees began catching up later.
Yumei Honse from China runs Yumei's Boutique at Lindale Mall offering Chinese and Japanese clothing, jade jewelry, cloisonne vases and other Asian items. She emphasizes handmade silk dolls and snuff bottles, plus snacks and anime goods, with plans to move to the main level as traffic grows.
The Equal Employment Opportunity Commission appeals the dismissal of its class action alleging sexual harassment and discrimination against CRST Van Expedited in Cedar Rapids. About 230 women claimed harassment and a two‑driver system, with Judge Linda Reade ruling most claims insufficient.
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