Wall Street stalls after Bernanke hints on Fed support
The Dow fell 20.26 points to 10,038.38 while the S P 500 slipped 2.39 to 1,068.13 and the Nasdaq declined 3.00 to 2,147.87 after Bernanke signaled dismantling central bank supports. The market had surged earlier on Greece bailout hopes.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ben Bernanke
Greece
Standard & Poor
Dupaco Buys Town & Country Insurance Firm
Dupaco Community Credit Union announces Dupaco Insurance Services has purchased Town & Country Insurance, formerly in Peosta. David Keil, formerly with Town & Country, will stay with Dupaco Insurance Services at the Dyersville branch on Ninth Street SW. No action is needed from Town & Country customers.
MENTIONED IN THIS ARTICLE
Dupaco Community Credit Union Board of Directors
Dupaco Insurance Services
Town & Country Insurance
Peosia
David Keil
Dupaco Community Credit Union
Dyersville
Ninth Street
Honda recalls 437000 more cars over faulty air bags
Honda Motor Co. adds 437,000 vehicles to a 15 month old global air bag recall. The driver side inflater could deploy with excessive pressure, risking rupture and injury or death. Affects 2001 2002 Accord Civic Odyssey CR V and Acura TL models.
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Honda Motor Co
Japan
U.S
National Highway Traffic Safety Administration
Trade deficit widens sharply in December to 40.18 billion
The Commerce Department reports December 2009 U.S. trade deficit at 40.18 billion, up 10.4 percent from November and larger than expected as oil imports surge. Exports rose 3.3 percent to 142.70 billion, while imports climbed 4.8 percent to 182.88 billion. full year 2009 deficit 380.66 billion.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Toyota recalls widen price drop as rivals gain market share
Prices for Toyota vehicles have fallen with recalls, and rivals including Honda Kia Ford and Hyundai have cut sticker prices to attract buyers. Kelley Blue Book notes Prius and Corolla values slipping 1.5 percent with further drops likely, while Toyota faces scrutiny over brake issues and regulator reviews. Analysts urge a credible response to stem ongoing brand damage.
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Francisco
Toyota
Sey
James Bell
TrueCar.com
Jesse Toprak
Toprak
Honda
Kia
Ford
Chevrolet
Hyundai
Chevy
Law firms pursue national suit against Toyota recalls
A coalition of about two dozen law firms plans a class action alleging Toyota vehicles tied to massive recalls have lost owners billions in resale value. Led by P Tim Howard, the group cites over 8 million recalled cars and estimates losses exceed 2 billion with a further 1.5 percent drop in value per Kelley Blue Book. Dozens of economic loss cases exist nationwide, and a March 25 hearing is set in U S District Court in San Diego.
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New York
U.S
Toyota Motor Corp
P. Tim Howard
Northeastern University
Toyota
Kelley Blue Book
Howard
U.S. District Court
San Diego
Bernanke outlines plan for pulling stimulus aid
Federal Reserve Chair Ben Bernanke outlined a strategy to wind down stimulus by nudging banks to hold reserves. He indicated the Fed is months away from raising rates, relying on higher excess reserve yields to tighten credit and lift the funds rate, with broader borrowings affected.
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Washington
Federal Reserve
Ben Bernanke
Bernanke
Fed
Europe
Barack Obama
House
House Financial Services Committee
Iowa City to Get New Procter & Gamble Packaging Center
Quality Associates of Cincinnati plans a three shift, five day operation in the Scott Six Industrial Park at 2630 Independence Ave Iowa City to assemble retail displays for Procter & Gamble. The facility will hire about 75 workers with full benefits and begin production in mid to late March.
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Iowa City
Procter & Gamble
Quality Associates
Cincinnati
Scott Six
Independence Ave
Brian Oates
Oates
Delores Epps
Fourth Packaging Center
Baltimore
Greensboro
N.C
Russell Gerdin
Heartland Express Inc
Jobs
Quality-Associates
Matt Nelson
KCRG
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Tokyo
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Epps
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