Tech stocks fall as Nasdaq leads market lower
Skittish trading sent the Nasdaq down 107.08 to 2318.35 while the Dow dropped 68.94 to 10730.88 and the S&P 500 slid to 1278.94. Volume eased to 1.33 billion shares as losers outpaced gainers on the NYSE. Intel said it will cut spending and hiring, and AccessAir announced more Des Moines to Chicago flights plus a new Columbia, Missouri route.
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Standard & Poor
New York Stock Exchange
Iowa
Kohl’s
Fiserv
Wal-Mart
U.S. Cellular
AEGON
RF Micro Devices
Deere
McLeodusa
Intel Corp
Intel
Robert Manetta
Manetta
AccessAir
Des Moines
Chicago
Columbia
Treasury bill rates rise in Tuesday auctions
The Treasury sold 10 billion dollars of three month bills at a 4.905 discount rate and 10 billion dollars of six month bills at 4.770. The implied yields were 5.036 percent for the three month and 4.955 percent for the six month. The Fed reported one year bill yields rose to 4.80 percent last week from 4.72 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Wal-Mart tops earnings with $2 billion fourth quarter
Wal-Mart Stores Inc posts $2.004 billion in Q4 earnings, 45 cents a share, beating analysts’ 44 cents. Revenue rises 10 percent to $56.56 billion as the Bentonville retailer navigates a challenging economy and soft consumer confidence. Shares gain $1.04 to $53.40 on NYSE.
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New York
Wal- Mart Stores Inc
Wall Street
Wal-Mart
Bentonville
First Call
Thomson Financial
New York Stock Exchange
Farmers to share 500 million in oilseed aid
The Agriculture Department says about 590 000 farmers growing oil producing crops will divide 500 million dollars in payments as compensation for low prices. Iowa leads with 80 618 farmers receiving 80.1 million dollars followed by Illinois 101 678 farmers 73.2 million and others in Minnesota Indiana Ohio Nebraska and South Dakota.
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Washington
Agriculture Department
Iowa
Illinois
Minnesota
Indiana
Ohio
Nebraska
South Dakota
Farm signup nets per acre payments for soybeans and rivals
The sign up from Oct 16 to Jan 12 earned farmers eligibility for USDA payments totaling 500 million dollars. Soybeans will receive 5.98 dollars per acre, sunflowers 3.55, and canola 3.40 with other crops like crambe flaxseed mustard safflower and sesame also eligible. Last year 475 million dollars in similar payments were issued.
Venture capital ideas explored at Iowa seminar
Joe Grace of the Louisiana Technology Council tells a crowd at the University of Iowa seminar that money drives startup deals and angels provide high risk capital. He outlines two potential Eastern Iowa VC models a private network or an economic development driven group. DLB Ltd. founder Les Bach notes difficulty in raising capital and missing a local forum to present plans.
MENTIONED IN THIS ARTICLE
Arette
Buzz Orr
Joe Grace
Louisiana Technology Council
University of Iowa
John Pappajohn
Iowa City
Grace
Software and Information Technology Council of Iowa
Louisiana
Iowa
Les Bach
Dave Snyder
DLB Ltd
Cedar Rapids
Snyder
DLB
Gasoline prices rise by Iowa average of one cent per gallon
Iowa Gas Monitor Survey shows regular unleaded at 1.47 per gallon statewide on Jan 16 up from 1.46 the day before and 1.21 in February 2000. Cedar Rapids 1.51 and Iowa City 1.47. Council Bluffs 1.52 tops regional prices. Diesel February at 1.59. Experts cite refinery closures and crude oil, warn of possible 2 per gallon peaks and summer swings.
MENTIONED IN THIS ARTICLE
George C. Ford
Des Moines
Iowa
Iowa Department of Natural Resources
Gas Monitor
DNR
Cedar Rapids
Iowa City
Council Bluffs
Illinois
Ward Lenz
DNA Energy
United States
Lenz
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