Stocks Fall After Dow Downgrades and Oil Rally
Stocks dropped for the first time in 2006 as Dow industrials led losses after analyst downgrades of two big names and higher oil prices spurred profit taking. Coca Cola and JPMorgan Chase faced 2006 headwinds as the economy slows and consumer spending tightens, signaling broader market impact ahead. The Dow fell 81.08 to 10,962.36. Nasdaq slid 14.67 to 2,316.69 as decliners outpaced advancers about 2 to 1.
MENTIONED IN THIS ARTICLE
Coca- Cola Co
Jpmorgan Chase & Co
New York Stock Exchange
Starbucks opens first Cedar Rapids drive through store
Starbucks Coffee Co will open its first drive through location in Cedar Rapids at 4804 First Ave NE Lindale Crossing daily 5 30 am to 11 pm Wi Fi access beverages pastries and merchandise including coffee and espresso machines. The Lindale Mall and Target locations already operate in Cedar Rapids and new drive throughs are planned off Blairs Ferry Road and Edgewood Road later this year.
MENTIONED IN THIS ARTICLE
Starbucks Coffee Co
Cedar Rapids
First Ave
Lindale Crossing
Starbucks
Lindale Mall
Target
Blairs Ferry Road
Edgewood Road
Iowa Farm Grain Storage Surges in 2005 Report
Iowa farmers increased on farm grain storage capacity by 20 million bushels in 2005 to 1.72 billion, while off farm storage remained at 1.06 billion. Facility counts fell from 930 to 920. By Dec 1, on farm corn storage reached 1.3 billion bushels with 696 million off farm, and soybeans stood at 245 million on farms and 238 million off farm.
MENTIONED IN THIS ARTICLE
Iowa
Agriculture Department
Mortgage rates fall for fifth straight week
Freddie Mac reports 30-year fixed rates at 6.15 percent this week down from 6.21 percent. The 15-year fixed rate averaged 5.71 percent and one-year ARMs slipped to 5.15 percent while five-year hybrid ARMs eased to 5.76 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette, News Services
Hiring plans rise in Eastern Iowa in 2006
A Cambridge Staffing survey of 101 Eastern Iowa firms shows 57 percent intend to hire in the first quarter through March 31, with 62 percent of manufacturers and 48 percent of service firms expanding payrolls. Firms project 383 new hires in Q1 and 469 over the next year, with average wage forecasts of 11.12 dollars an hour in manufacturing and 8.97 in service.
MENTIONED IN THIS ARTICLE
George C. Ford
the Gazette
Iowa
Cambridge Staffing
Cedar Rapids
Cambridge
Chuck Roe
Iowa City
Ers
Aftermarket car audio stalls as cars go digital
The shift to digital gadgets leaves aftermarket shops dependent on OEM access to onboard computer codes. Isaac Goren of Sounds Good Audio cites OEM restrictions as constraining upgrades for satellite radios iPods and navigation. Alpine’s Steve Witt confirms a major industry shift away from merely replacing OEM systems toward integrated connectivity and upgrade solutions.
MENTIONED IN THIS ARTICLE
Kevin Brown
Sounds Good Audio Security & Marine
Woodland Hills
Calif
Paul Chavez
Associated Press
Isaac Goren
Sounds Good Audio, Security & Marine
Car
California
Witt
Your Ride Your Way campaign targets right to repair issue
A campaign launched at yourrideyourway.com aims to inform industry players and consumers about aftermarket sound system concerns. The Right to Repair Act would force car makers to share dealer information with independents and owners, enabling service choices and broader access to vehicle data. Vision board by the Consumer Electronics Association supports informing the public as the first step. Alpine has created vehicle AFTERMARKET 7B efforts.
Iowa lawmakers urge block on Whirlpool Maytag merger
Democratic representatives Leonard Boswell and Tom Harkin called on the U S Justice Department to prevent Whirlpool Corp from acquiring Maytag Corp in a 1 7 billion cash and stock deal saying the merger would overly concentrate the appliance market and harm competition. They urged divestiture of Maytag's washers and dryers if needed and noted regulatory review could extend beyond February 27.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa
U.S. Justice Department
Whirlpool Corp
Maytag Corp
Leonard Boswell
Tom Harkin
Tom Barnett
Justice Department
Whirlpool
Maytag
Benton Harbor
Mich
Newton
Lieve
Department
Teen money coach Foster urges practical financial skills
Kansas City author Steve Foster, a former tennis pro and TV host, promotes usable money lessons for teens. He argues parents and schools fail to teach budgeting credit and investing, and he aims to change that with his 118 page primer Financial Literacy for Teens and companion workbook On the Net.
MENTIONED IN THIS ARTICLE
Foster
ESPN
McDonald’s
Kansas City
Association For Career and Technical Educators
Also Mentioned on This Page
Wall Street
C.R
15Th St
C.R. WalMart
Southwest C.R
Dubuque & Market
I.C. BP
1St Ave
Coralville
DOW
E. Iowa
George. Ford
Gazettecommunications.com
Harkin
Boswell
Justice
Barnett
Sen
Rep
Steve Rosen
Kansas City Ste
Edbookings.com
Chad
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