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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 12, 2009

Page

16

Government stimulus plan lifts stock market modestly

Investors grew hopeful about a federal $789 billion stimulus plan as lawmakers reached accord. The Dow rose 50.65 points to 7,939.53, the S&P 500 gained 6.58 to 833.74, and the Nasdaq added 5.77 to 1,530.50.

Standard & Poor

Delta to consolidate feeder carrier functions

Delta Air Lines plans to consolidate regional feeder carrier functions under a new subsidiary Regional Handling Services. About 4,100 airport customer service staff from Comair Mesaba and Compass will transfer while pilots flight attendants and mechanics stay under their airlines.

Delta Air Lines Inc Comair Mesaba Compass Regional Handling Services Delta Delta Connection Delta/Comair Iowa Cedar Rapids

Federal regulator urges thrift foreclosures halt nationwide

A federal regulator urged more than 800 thrift institutions to suspend all foreclosures to aid plans aimed at keeping borrowers in homes amid the recession. Officials stressed cooperation is voluntary while Treasury and HUD leaders discuss mortgage restructuring and incentives.

Washington Barack Obama John Reich Office of Thrift Supervision William Ruberry House Treasury Timothy Geithner Tive National Community Reinvestment Coalition Taylor Bush

Toy makers trim prices as 2009 holiday season looms

Amid weak 2008 results toy makers cut costs and roll back prices for 2009. Mattel and Hasbro forecast softer demand with many items under 20 dollars and fewer releases over 150. New lower price Elmo Tickle Hands and EyeClops Night Vision offer cheaper options at major toy fairs.

Mae Anderson York Mattel Inc Jakks-Pacific Inc Zizzle LLC Mattel Hasbro Inc el Segundo Calif Pawtucket R.I Kota Brian Goldner Hasbro

Oil dips below 36 as storage bulges and gasoline tops $1.94

Oil prices fall to 35.94 a barrel after the Energy Information Administration reports a 4.7 million barrel weekly crude build. Gasoline inventories decline 2.6 million barrels as refiners cut output, nudging the national average price to 1.94 a gallon while demand shows slight uptick.

Sioux Falls S.D U.S New York Mercantile Exchange Energy Information Administration Platts McGraw- Hill Cos Phil Flynn Alaron Trading Corp EIA Auto Club Aaa Oil Price Information Service Wright Express

A Different View of Rebalancing

Financial planners discuss rebalancing as a discipline to realign portfolios toward stock and bond targets. With investors cautious and volatility high, many advisers delay moves, preferring staged stock additions or put rebalancing on hold for retirees.

Treasury David Darst Morgan Stanley Global Wealth Management Glenn Knutt McLean, Va Knutt

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