Banks Lift Wall Street As Dividends Outlook Improves
Hopes banks will raise dividends boosted Wall Street on Wednesday with the Dow up 83.56 points to 11,755.44, its best close since August 11, 2008. The S&P 500 rose 11.48 to 1,285.96 and the Nasdaq gained 20.50 to 2,737.33 as banks led the rally.
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New York
Wells Fargo Securities
Dow
Standard & Poor
Iowa sets terms for ethanol plant grant
DES MOINES The Iowa Power Fund Board approved terms for a 9 million grant to back a 235 million cellulose ethanol plant by DuPont Danisco Celulosic Ethanol in October. Nevada, Iowa, is eyed as a site for the biorefinery which would create 60 jobs and produce 25 million gallons of ethanol annually using corn stover. DuPont, based in Wilmington, said it will acquire Copenhagen based Danisco, parent of Genencor, which runs a bioproducts plant in Cedar Rapids.
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Des Moines
Iowa Power Fund Board
DuPont Danisco
Grow
Iowa
Nevada
Wilmington
Del
DuPont
Danisco
Genencor
Cedar Rapids
Mercer advances United Fire merger plan in SEC filing
Mercer Insurance Group has filed a preliminary proxy statement with the SEC for a shareholder vote on a proposed merger with United Fire & Casualty. The Cedar Rapids based United Fire will acquire Mercer for 28.25 per share in cash, about 191 million total. No vote date is set.
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Cedar Rapids Mercer Insurance Group
U.S. Securities & Exchange Commission
United Fire & Casualty
Pennington
Cargill reports tripled earnings for second quarter 2011
Cargill posted net earnings of 1.49 million for the quarter ended Nov 30, 2010 fiscal year 2011, up from 489 million a year earlier. Revenues rose 16 percent to 31.1 billion. Excluding Mosaic Co. investment, earnings were 832 million, near double 420 million. Four of five segments showed improved results.
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Cedar Rapids Cargill
Cargill
Mosaic Co
Alliant agrees to three year rate freeze with transmission rider
Alliant Energy will implement a $200 million cost management plan to credit customers about $64 million in 2011 and cut typical residential bills from $101 to about $99 per month, a net 2 percent drop from interim rates. The Iowa Utilities Board approved a final order that raised total rates about 9 percent, with some zones facing larger increases and refunds issued via bill credits with interest.
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My Uazetle
Cedar Rapids Alliant Energy
Iowa Utilities Board
Alliant
Interstate Power & Light Utility
Allianz
Lansing
Whispering Willow East
Franklin County
Alliant Energy Gazette
Take-aways Auto Show Rebound at Detroit Expo
The Detroit auto show opens to the public this weekend with bigger brighter displays and Porsche back after a three year break. Analysts forecast U S auto sales rising by at least 1.5 million to 13 million plus as the economy improves. Notable buzz surrounds the Hyundai Veloster the 40 mpg sports car a Toyota Prius wagon and new Honda Civic and Volkswagen Passat variants.
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Detroit
General Motors
Chrysler
United States
Ford
Toyota
Porsche
U.S
James Bell
Kelley Blue Book
Detroit Auto Show Signals U S Car Industry Recovery
The Detroit auto show showcases a sunnier mood as automakers unveil new models and tech. AutoNation CEO Mike Jackson says a gradual recovery is under way with industry sales forecast to rise to about 13 million and more choices in electric, hybrid, and fuel efficient vehicles.
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Associated Press Etroit
U.S
Mike Jackson
AutoNation Inc
United States
Corn and soy prices surge on USDA crop report
Corn and soybean futures climbed on the Chicago Board of Trade after the USDA crop report showed tighter end stocks for 2010. Corn closed at 6.31 a bushel, up 24 cents. soybeans finished at 14.15, up 58 cents.
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Gazette
Chicago Board of Trade
U.S. Department of Agriculture
Iowa
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Wall Street
Mercer
United Fire Merger
Gazette and Associated Pre
By Dave DeWitte
Ta Daedia.net
BYD Auto
George C. Ford
Don Roose
West Des Moines
Roose
George Ford
Sourcemedia.net