Stocks rise on ECB loan amid recession fears
Stocks climbed Tuesday as investors welcomed the ECB loan program and weighed recession odds for 2008. The Dow rose 65.27 to 13232.47, the S P 500 added 9.08 to 1454.98, and the Nasdaq gained 21.57 to 2596.03. In local news Al’s Red Frog in the Czech Village will go smoke free January 1, as Best Buy posted a strong quarterly gain and Principal Financial agreed to acquire Retirement Consulting Actuaries Inc., with terms undisclosed.
MENTIONED IN THIS ARTICLE
European Central Bank
Standard & Poor
Czech Village
Al’s Red Frog
16Th Ave
Deb Anson
al Zindrick
Anson
Emoker
Ais
Red Frog
Breathe Easy Tobacco Free Coalition
Principal Financial Group Inc
Retirement Consulting Actuaries Inc
Des Moines
Gas Price Survey in the Corridor Reveals Small Increases
A random survey of gas prices across the Corridor as of yesterday afternoon shows prices rounded to the nearest cent. Local stations report modest upticks in regular, midgrade, and premium grades with slight regional variation.
Cedar Rapids retail incubator fizzles out
The Nucleus Retail Incubator in Cedar Rapids, opened January 2006 at 207 Second Ave SE, has dissolved after failing to maintain leadership and funding. Remaining tenants like Downtown Drug and Studio Zhen now lease directly from the building owner as the group winds down this summer.
MENTIONED IN THIS ARTICLE
David DeWitt
The
Gazette
Cedar Rapids
Nucleus
Osco Drug
Renee Nelson
Downtown Drug
Studio Zhen
Second Ave
Four Oaks
Nelson
Jim Miller
Des Moines
Jenny Rammelsberg
Bob Mickey Auto Group to merge Showroom and service hub
Cedar Rapids based Bob Mickey Auto Group will merge First Avenue Chrysler and Cedar Rapids Dodge into a single 5 acre facility on Interstate 380 corridor. The expansion includes a new showroom, service space, Internet cafe, digital sign, and private consultation areas with completion targeted for fall 2008. A year of redevelopment follows said Karen Mickey with showroom relocation of inventory by late January.
MENTIONED IN THIS ARTICLE
Tyree Lindsay d
George C. Ford
Gazette
Cedar Rapids
Bob Mickey Auto Group
First Avenue
Chrysler
First Ave
Cedar Rapids Dodge
Dodge Rd
Karen Mickey
Bob Mickey
Mickey
Collins
Center Point
Interstate 380
Robert Olson
Olson
First Avenue SE
Dodge Road
First Avenue Chrysler
Volkswagen
Dodge
Dodge Rad
PCH to limit marketing to Iowa seniors under agreement
Publisher's Clearing House will reform sweepstakes solicitations for older Iowans, identifying customers spending $500+, per quarter, and ensuring buying does not raise winning odds. Elderly consumers may be removed from lists if vulnerable, per Iowa Attorney General Tom Miller.
MENTIONED IN THIS ARTICLE
Publisher’s Clearing House
DES Moines
Iowa
Tom Miller
Miller
Miler
Credit card fee spotlight spurs potential relief efforts
Congressional hearings on credit card fees resume in Washington as Chase and Citigroup modify rate practices. Chase will stop rate increases for declining scores starting March 1 and end over limit charges after 90 days high balances and two cycle billing. Citigroup also curbs rate hikes tied to late payments. Senators push Stop Unfair Practices in Credit Cards Act and Fed seeks 45 days notice before rate rises.
MENTIONED IN THIS ARTICLE
Washington
Chase Bank
Chase
Curtis Arnold
Card- Ratings.com
Wesley Wannemacher
Ohio
Citigroup
Federal Reserve
Hardekopf
Also Mentioned on This Page
Wall Street
Best Buy
Best Buy Co
Coralville
Waterloo
Principal Financial
Athanol
St. NE
Wiliams Boulevard
Gasey's
Dunaue & Market Streets
Iowa City
C.R
Ing
Rammelsberg
David.dewitte
Gazettecom
Sations.com
George.ford
Gazettecommuications.com
Savvy Consumer
Vicki Lee Parker
Raleigh News & Observer
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