Wall Street slips as TXU buyout boosts merger hopes
The Dow and Nasdaq fall modestly as market caution tempers optimism over a record year in mergers and acquisitions led by a $45 billion TXU Corp buyout. The Dow drops to 12,632.26 and the Nasdaq to 2,504.52 amid mixed volume on the NYSE. Eastern Iowa Airport sets January passenger record at 81,690 with Frontier Airlines considering Cedar Rapids service and a $500,000 revenue guarantee.
MENTIONED IN THIS ARTICLE
Wall Street
TXU Corp
New York Stock Exchange
Iowa
Denver
Frontier Airlines
Cedar Rapids
Treasury bills hold high rates in Monday auctions
The Treasury sold 21 billion dollars of three month bills at a 5.035 percent discount rate and 17 billion dollars of six month bills at a 4.950 percent discount rate. Three month bills priced at 9,872.73 for a 10,000 face value and six month bills at 9,749.75.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Pearson profits slide despite higher sales in 2006
Pearson PLC reported 2006 net profit of 875.4 million dollars, down 29 percent from 1.22 billion in 2005, as revenue rose 8 percent to 8.7 billion. The firm completed the 600 million sale of its Government Solutions unit to Veritas Capital on February 15, affecting about 750 employees in the Corridor.
MENTIONED IN THIS ARTICLE
Pearson PLC
Pearson Educational Measurement
Pearson
Veritas Capital
Gazette and Wire Reports
Power outage cripples Marengo area businesses
In Marengo and eastern Iowa many shops faced extended outages with P.H.A.T. Daddy's and Kinze Manufacturing among the large facilities forced to operate on backup power. Culver’s restaurants moved perishables between sites. insurance will cover some losses while stores work to salvage food and reopen.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Mariene Lucas
Gazette
Mark Peska
Marengo
Peska
P.H.A.T. Daddy’s
Westdale
Cedar Rapids
Kinze Manufacturing
Williamsburg
Strug
Carol Kendall
Culver’s
Edgewood Rd
Culver
Carol
Rich Kendall
Kendalls
Kendall
Edgewood Road
Generators fly off shelves as power outages hit Iowa
Retailers report generators selling fast across Cedar Rapids and nearby towns. Lowe's, Home Depot, and Sears say stock is exhausted with restocks inbound from multiple stores and factories. Farmers buy in bulk while safety officials warn against indoor use due to carbon monoxide danger.
MENTIONED IN THIS ARTICLE
Iowa
Jeff Dohrman
Lowe’s Home Improvement Center
Cedar Rapids
Dohrman
Lowe’s Command Center
Coralville
Scott Anderson
Anderson
Omaha
Minnesota
Home Depot
Sears
Rod Mechal
Lindale Mall
Lowe
Jim Waterbury
Allen Memorial Hospital
Waterloo
Waterbury
How Safe is Your Tax Information
A consumer warns that tax documents like W-2s and mortgage statements risk exposure as identity theft rises. The piece cites a Raleigh tax preparer with visible client files and notes CPA rules rely on providers to protect data. It urges questions for providers about paper and electronic security and to shop around if unsatisfied.
MENTIONED IN THIS ARTICLE
Ashish Maheshwary
Raleigh, N.C
Maheshwary
Cpas
Brandon Britt
Liberty Tax
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AIR Travel
Eastern
Ast Ave
15Th St
Williams Blvd
C.R. HandiMiart
Dubuque & Market
J.C
1St Ave
Caralville
Tn Wellman
Pat Freeman
Freeman’s Foods
Gazettecommunications.com
Marlene
Ucas
Laura Schmitt
The
Dustin Fonley
Iowa City
Dave Gragg
Coral Ridge Mall
Chet McCaw
McCaw
Coral Ridge
George C. Ford
Lowe’s
George.ford
Vicki Lee Parker Rateigh
News & Observer
Eiaimport.org
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