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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 27, 2007
Page
11
Stocks ended mixed with small gains as traders returned from the Christmas break. The Dow rose 2.36 points to 13,551.69 while the S&P 500 edged up 1.21 to 1,497.66 and the Nasdaq gained 10.91 to 2,724.41. Advancers and decliners were nearly even on light NYSE volume of 1.94 billion shares.
Apple shares rose to 198.95 in afternoon trading after peaking at 200 as investors cheer the company 201 years high near year end. The stock has climbed steadily since January on optimism around the iPhone and other products.
Warren Buffett's investment firm agrees to pay 4.5 billion dollars for a 60 percent stake in Marmon Holdings Inc. Marmon, owned by the Pritzker trusts, operates more than 125 manufacturing and service businesses in transportation energy and construction. United Airlines raises round trip fares by 10 dollars and one way by 5 dollars, following higher fuel costs. Delta follows with similar increases as airlines face rising crude prices and oil costs.
A random survey reports gas prices in the Corridor as of yesterday afternoon, with prices rounded to the nearest cent. The article notes typical regional variations in station pricing and includes no further details on brands or exact locations.
Rockwell Collins disclosed its 2007 compensation for top executive Clay Jones. Total pay reached about $6.4 million including a $945,000 base salary, $3.4 million in non equity incentive compensation, and stock options plus $167,709 in other compensation. Board set 2008 base at $1 million and target incentives at 100 percent of base.
Shoppers flocked to Lindale Mall and Coral Ridge Mall after Christmas for post holiday sales. Store managers report brisk buying driven by gift cards and returns, with extra service lanes opened to handle higher traffic. Analysts note calendar timing as a factor for a strong midweek surge.
The U S Mint will unveil four new presidential dollar coins featuring James Monroe John Adams Andrew Jackson and Martin Van Buren with release dates May 14 August 14 and November 18 respectively Old Hickory Old Man Eloquent and Old Kinderhook are nicknames tied to the presidents The program mirrors the 50 state quarter effort and aims to boost coin collecting interest with 800 million of the first four coins already circulated in 2007
More studies show Americans underestimate savings with 52 percent saying they save inadequately for goals like retirement. Only 10 percent of young Americans may reach 1 million, GAO projects. shifts include tapping home equity, downsizing, and Social Security. Stop leakage from 401(k) disbursements could lift income by 11 percent.
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