Wall Street steadies as Alcoa earnings temper gains
Stocks edged higher with the Dow up 45.80 to 10,663.99 and the S&P 500 at 1,146.98 while the Nasdaq fell 4.76. Alcoa reported revenue above forecasts but missed profit expectations. Wal Mart will close 10 Sam's Club stores and cut 1,500 jobs to cut costs. Closures span Idaho California Colorado New York and Illinois locations, with additional losses in Houston Phoenix and Sacramento.
MENTIONED IN THIS ARTICLE
Standard & Poor
Wal-Mart Stores Inc
Sam's Club
Nampa
Idaho
la Quinta
Calif
Louisville
Wapsie Produce to Close Decorah Plant Loss of 90 Jobs
Wapsie Produce Inc plans to end production at the Deco rah plant and close the business on January 29, eliminating 90 jobs. The company, founded in 1958, is the nation’s largest capon producer and hopes to sell the facility to a qualified buyer.
MENTIONED IN THIS ARTICLE
Wapsie Produce Inc
Decorah
Wapsie Produce
SEC charges Bank of America over Merrill Lynch merger disclosure
The Securities and Exchange Commission seeks to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch in the two months before the December 5, 2008 shareholder vote approving the merger. Regulators say BoA wrongly concluded no disclosure was required as shareholders prepared to vote on the deal.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
U.S
Merrill
Wall Street
Bank of America
Merrill Lynch
Gasoline prices climb toward $3 per gallon on Monday
Gasoline prices rose 1.4 cents to 2.749 per gallon, with AAA Wright Express and Oil Price Information Service citing the move. February crude on Nymex fell 23 cents to settle at 82.52 a barrel amid signs of strong demand.
MENTIONED IN THIS ARTICLE
Auto Club Aaa
Wright Express
Oil Price Information Service
Nymex
Detroit automakers show signs of recovery at auto show
General Motors may reopen idled plants as it struggles to meet demand for the Equinox Terrain SRX and LaCrosse. Chrysler plans to hire engineers and product developers to reshape its U.S. lineup. Both reflect rising confidence in a 2010 market rebound despite past bankruptcies and government aid. Reuss cites Spring Hill as a candidate for restart and weighs short term capacity fixes.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Co
Chrysler
U.S
Mark Reuss
Sergio Marchionne
Fiat Group Spa
Reuss
Spring Hill
Tenn
Super Bowl ads fall in price but remain top TV spend
The AP reports ad time for the upcoming Super Bowl on CBS selling at 2.5 to 2.8 million per 30 seconds, down from last year’s 3 million on NBC. CBS notes improving sellout pace, with few slots left, while brands like HomeAway buy in for a yearlong push.
MENTIONED IN THIS ARTICLE
Associated Press
TNS Media Intelligence
CBS
NBC
Pepsi
General Motors
Diamond Foods
Dr Pepper Snapple
John Bogusz
CBS Television
Tim Calkins
Kellogg School of Management
Barnes & Noble launches college textbook rental service
Barnes & Noble expands its college bookstore rental program from a three store pilot to 25 locations including Ohio State University and University of Maryland. Rentals cost 42.5 percent of new book price with orders via campus stores or online.
MENTIONED IN THIS ARTICLE
Barnes & Noble
New York
Barnes & Noble Inc
Ohio State University
University of Maryland
Borough of
Manhattan Community College
University of South Carolina
National Association of College Stores
Simba Information
Follett Higher Education Group
Chegg.com
Cengage Learning
Mickey
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Alcoa
Alcoa Inc
Walmart
SEC
Detroit Automakers
Janesville
Wis
Nancy Pelosi
Ed Whitacre
Cobo Center
HomeAway
Brian Sharples
Chevy Chase
Bev
Erly D'Angelo
Griswold Family
National Lampoon
Warner Bros
Homeaway.com
TNS
Sean “P. Diddy
Combs
NewsFoto
Dr Pepper
Gene Simmons
Dr. Love
Barnes & Noble College Booksellers LLC
Barnes & Noble College Booksellers
Congress
Kathy Mickey
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