Wall Street slips after consumer confidence drop
U.S. stocks fell sharply with the Dow down 100.97 to 10,282.41 and the S&P 500 and Nasdaq also lower. Iowa gas prices eased 7.2 percent to about $2.45 a gallon as heating costs edged up, while the Conference Board’s Consumer Confidence Index slid to 46 in February signaling renewed economic worries. Home Depot reported quarterly profit of 20 cents per share with $342 million in net income and a 24 cent adjusted figure amid a HD Supply write-down.
MENTIONED IN THIS ARTICLE
Standard & Poor
Iowa Office of Energy Independence
Kerri Johannsen
Iowa
Conference Board
Home Depot Inc
U.S
Atlanta
Home Depot
Thomson Reuters
Primus Construction to Move Downtown Cedar Rapids
Primus Construction Inc of Hiawatha will relocate to Cedar Rapids, occupying the top floor of a 14 000 square foot building at 405 Eighth Ave SE and leasing 7 000 square feet on the first floor to another tenant. The move depends on remodeling and the current lease ending November 1. The firm expects about 30 employees to transfer, with many living on the southeast side, and Downtown Cedar Rapids officials welcome the shift citing growth along the Eighth Avenue corridor.
MENTIONED IN THIS ARTICLE
George C. Ford
He Gazette
Cedar Rapids
Hiawatha
Woods
Don Primus
Eighth Avenue SE
Primus Construction
Cedar
Neumann
Eighth Avenue
Federal Courthouse
Credit Card Rules Face Tough Road Amid High Fees
The new consumer protections limit certain practices but risky borrowers still incur high fees. Payday loans feature annualized rates near 891 percent while prepaid and subprime cards carry steep charges, fees, and high APRs up to 79.9 percent.
MENTIONED IN THIS ARTICLE
Barack Obama
Consumer Protection Agency
California lawmakers rage over Anthem rate hike in California
In Sacramento the Assembly Health Committee opened a hearing on Anthem Blue Cross proposed health insurance premium increases up to 39 percent for about 700,000 individual policy holders. The plan would raise average rates by 25 percent with some customers facing higher jumps as WellPoint Inc faces national health reform scrutiny.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
California
Anthem Blue Cross
The
Assembly Health
Anthem
WellPoint Inc
Toyota Faces House Hearings Over Recalls and Acceleration
Toyota executives defend recalls as addressing unintended acceleration while acknowledging ongoing investigations into possible electronic causes. Lawmakers press for accountability as a grieving family recalls a fatal incident linked to the problem.
Also Mentioned on This Page
Wall Street
Associated Press, Gazette
Bart Woods
of Fianna
Center Point Rd
Furniture Row
Marion
George
Ford
Gazcomm.com
York
Discover
Mastercard
Visa
Manny Villalobos
Pacoima
Manuel Villalobos
Rhonda Smith
Washington
House Oversight and Investigations
Toyota
House
Jim Lentz
Lentz
Lexus
Sevierville
Tenn
Akio Toyoda
San Diego
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