Toll Brothers Forecast Dampens Housing Stocks
Wall Street edged lower as weak housing market signals unsettled investors despite retailers' sales gains. Toll Brothers issued a soft forecast, weighing on housing shares and fueling doubts about the economy. The Dow fell 29.24 to 12,637.63 and the Nasdaq slipped 1.83 to 2,488.87 as decliners outpaced advancers about 6 to 5.
MENTIONED IN THIS ARTICLE
Wall Street
Toll Brothers Inc
New York Stock Exchange
Energy oil prices rise on frigid U S weather and tensions
Oil futures rose late Thursday with March crude up 2.0 to settle at 59.71 on the N Y M E after peaking at 59.87 amid arctic conditions and overseas tensions. Mortgage rates eased as Freddie Mac reported 30 year fixed at 6.28 percent, 15 year at 6.02 and five year ARMs at 6.02.
MENTIONED IN THIS ARTICLE
United States
U.S
New York Mercantile Exchange
Freddie Mac
John Morrell to Temporarily Halt Second Shift Hog Processing
John Morrell & Co. will temporarily discontinue the second shift hog processing at its Sioux City plant on February 19, causing about 485 workers to be laid off. The move, due to unfavorable market conditions, lowers daily hog production to roughly 7,000. about 900 employees will remain employed. The company will inform state officials about dislocated worker assistance.
MENTIONED IN THIS ARTICLE
John Morrell & Co
Sioux City
John Morrell
Joseph Sebring
Gazette
News Services
Gas Price Survey in the Corridor
A random survey shows current gas prices in the Corridor as of yesterday afternoon with prices rounded to the nearest cent. Gas stations vary by brand and location, reflecting a typical regional pricing spread across the area.
Iowa wages lag national average despite local gains
Federal data show Iowa's average weekly wage at 639 in Q2 2006, 18.5 percent below the U.S. average, with 4.1 percent wage growth from 2005 to 2006. Polk County leads among three metro counties with 5.8 percent wage growth to 780, while Scott County trails at 630 and 0.6 percent growth.
MENTIONED IN THIS ARTICLE
Gazette
Iowa
United States
Towans
U.S
Schatt
Polk County
Linn County
Scott County
Schutt
Town
U.S. Bureau of Labor Statistics Gazette
Gas margins reshape Corridor convenience store landscape
Iowa and central Iowa chains shift brands or sell stores as thin gasoline profits push consolidation. Hawkeye Convenience replaces Citgo with Sinclair at 11 stores. HandiMart becomes Casey’s after a sale. QuikTrip eyes sale to Road Ranger amid market squeeze and urban focus. Industry veteran notes gas margins near zero as majors pull back.
MENTIONED IN THIS ARTICLE
Duane Crack
the Gazette
Sinclair Gasoline
Hawkeye
Wiley Boulevard
Wilson Avenue
Cedar Rapids
Casey’s
HandiMart
de Gazette
Hawkeye Convenience Stores
Sinclair Dinosaur
Casey’s General Store
QuikTrip
Road Ranger
Citgo
Iowa
al Dalziel
Johnson Ave
Dalziel
Brookfield to buy Longview Fibre in 1.63 billion deal
Brookfield Asset Management plans to acquire Longview Fibre Co. for 1.63 billion dollars, paying 24.75 per share and assuming about 518 million in debt. The deal strengthens Brookfield's timberlands with roughly 588 thousand acres in Washington and Oregon, while existing plants remain operating.
MENTIONED IN THIS ARTICLE
Seattle
Brookfield Asset Management Inc
Longview Fibre Co
Brookfield
Longview Fibre
Cedar Rapids
Blairs Ferry Rd
Washington State
Oregon
North America
Brazil
Longview
Wash
Sam Pollock
Pollock
United States
Stopping creditors from preying on youths
A reader describes persistent unsolicited credit card offers targeting youths from a large bank. Advice includes destroying unrequested plastic, using the OptOut Prescreen service to remove names, and notes that opting out may be temporary or permanent but does not curb all marketing.
Also Mentioned on This Page
Wall. Street
1St Ave
St. NE
Williams BN
SW. CA
Casey's
Dubuque & Marret
J.C
Cornhille Law
Ing
Bob Schutt
Iowa Workforce Development
Nebraska
Kansas
South Dakota
David. Dewitte
QuikChanges
By Fave DeWitte
Texaco
Sunoco
Shell
Conoco-Phillips
Conoco
al Balzlel
Steve Rosen
Kansas City
Stac