Stocks rebound after Bernanke remarks ease market fears
After Fed Chair Bernanke said the recession could end this year and banks won t be nationalized investors pushed the Dow up 236.16 to 7350.94 the S&P 500 rose to 773.14 and the Nasdaq climbed to 1441.83 with advancers leading 6 to 1. In other news UI Community Credit Union plans a new branch at the University of Iowa Hospitals and Clinics citing assets near 800 million and 60 000 members in 14 counties.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ben Bernanke
Wall Street
Bernanke
Congress
New York Stock Exchange
University of Iowa Community Credit Union
University of Iowa
Credit Union
State University of Iowa
UI Community Credit Union
Wabtec 2008 profit and sales rise plus Heinz and Home Depot results
Wabtec Corp credits higher fourth quarter earnings of 65 cents per share on $405.2 million in sales and full year 2008 profit of $230.6 million with sales at $1.6 billion. Home Depot posts Q4 loss of $54 million amid brand closures and 7,000 jobs cut. Heinz reports Q3 profit up 11 percent as prices rise and volume falls.
MENTIONED IN THIS ARTICLE
Wabtec Corp
Cedar Rapids
Wilmerding
Home Depot
The
Home Depot Inc
H.J. Heinz Co
Heinz
Muscatine
Reorganization Cuts Gazette Co. Workforce in Iowa
The Gazette Co. will reduce staff by about 17 percent from 600 to around 500 amid a company wide reorganization aimed at aligning with current revenues. The cuts affect Gazette Communications, The Gazette, KCRG-TV9 and Color Web Printers as new leadership reshapes content across print and digital products.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette Cedar Rapids
Gazette Co
Gazette Communications
Gazette
KCRG
The
Kcrg-Tv9
Chuck Peters
Peters
Steve Buttry
Dave Storey
Lyle Muller
Iowa
Cpetersia
Wordpress
Buttry
Stevebuttry
Mommy Breadwinner Daddy Daycare reshapes Silicon Valley
The recession shifts family roles as more men are laid off while wives hold stable jobs at IBM and schools. Parents juggle resumes, interviews, and childcare with stay at home dads like Greg Hobbs and new routines for teens, highlighting a long term shift in American work life.
MENTIONED IN THIS ARTICLE
Patrick May
San Jose Mercury News
Jose
Calif
Greg Hobbs
Sunnyvale
Nortel
Hobbs
IBM
Wesit
Grets
U.S. Bureau of Labor Statistics
Mom
Mark Mister
Hayward
Heather Boushey
Center For American Progress
Nathan
Kimmie
February consumer confidence hits record low in U S
The Conference Board reports the Consumer Confidence Index fell to 25 in February from 37.4 in January, the lowest since the series began in 1967, as fears over jobs inflation and earnings rise. Major retailers posted weak fourth quarter results while Bernanke warned of a severe contraction likely to persist into midyear.
MENTIONED IN THIS ARTICLE
New York
Target Corp
Home Depot
Macy’s Inc
Nual
Federal Reserve
Ben Bernanke
Conference Board
Thomson Reuters
Lynn Franco
Conference Board Consumer Research Center
Franco
IRS Free File program cuts tax prep costs for many
IRS promotes Free File on its site to help taxpayers with AGI 56000 or less in 2008. About 99 million people may qualify, yet few use it. The process requires tax paperwork, social security numbers, and choosing a participating firm via IRS.gov. Direct deposit speeds refunds, but watch for state e file fees and ensure numbers match forms.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Irs.gov
IRS
Luis D. Garcia
Also Mentioned on This Page
Ul Hospitals
Wabtec
H.J. Heinz
the Gazette
T George.ford
Gazcomm.com
LABOR
Susan Tompor
Detroit Free Press
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