Wall Street Dips as Bank Loan Fears Hit Markets
U S stocks fall after JPMorgan warns loan losses may still be rising and a weaker than expected Reuters University of Michigan sentiment index. The Dow drops 100.9 points to 10 609.65 while the S&P 500 slips to 1136.03 and the Nasdaq declines to 2287.99. The Brick Haus in Amana closes Dec 22 with plans to reopen in April with owners Schuerer Schulte stating it will be closed for three months.
MENTIONED IN THIS ARTICLE
Jpmorgan Chase
Reuters
University of Michigan
Amana
Madeline Schuerer Schulte
Walter
Florence Schuerer
Schaerer Schulte
Deb to Open Lindale Mall Store This Spring
Deb will open its first Lindale Mall location in spring, converting three former spaces into an 8,900 square foot shop between Vanity and Sears. Lisa Rowe says the store targets girls and women aged 13 to 25 with junior and junior plus sizes from 0 to 26. This Lindale outlet becomes Deb’s sixth Iown location, owned by Philadelphia based Deb.
MENTIONED IN THIS ARTICLE
Deb
Lindale Mall
Vanity
Sears
Lisa Rowe
Lindale
Johnson & Johnson accused of kickbacks to boost drug use
Federal prosecutors allege Johnson & Johnson paid tens of millions in kickbacks to nursing homes to increase patients on its schizophrenia treatment and other drugs. The complaint cites rebates to OmniCare Inc as the dispenser of record and notes OmniCare is reviewing the matter while asserting its conduct was lawful.
MENTIONED IN THIS ARTICLE
Johnson & Johnson
Omnicare Inc
IRS pushes Iowa e filings as 77 percent use free tax filing
Iowa led the nation with 77 percent of residents filing 2008 income tax returns electronically, using the IRS Free File service. The agency notes faster refunds and fewer mistakes, and expects higher participation as the 2009 season opens with e filing. Younger taxpayers dominate e filing while older filers rely on paid preparers.
MENTIONED IN THIS ARTICLE
IRS
David Williams
Electronic Tax Administration
Williams
Where to e file and Free File options
The site www.RS.gov/freefile explains e filing options. About 70 percent of Americans earning $57 000 or less use Traditional Free File. More than that use Free File Fillable Forms. Approximately 3 million Americans filed federal tax returns electronically last year.
MENTIONED IN THIS ARTICLE
IRS
Williams
Rs.gov
Chapter 12 filings rise as Iowa farmers face losses
Iowa farm Chapter 12 reorganizations increase amid mounting losses and a September 8th Circuit ruling. The decision lets debtors discharge income taxes from sale proceeds while repaying creditors, sparking more cases like a Mitchell County farmer's. Peiffer notes two filings this year with more expected.
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le Gazette
Iowa
Federal Appeals Court
Joe Peiffer
Cedar Rapids
Peiffer
IRS
State Department of Revenue
Mitchell County
U.S. Court of Appeals For the
8Th Circuit
Nebraska
Minnesota
Missouri
Arkansas
North Dakota
South Dakota
Agender
NextEra challenges Iowa wind expansion ruling
NextEra Energy Resources filed suit in Polk County District Court challenging the Iowa Utilities Board decision approving MidAmerican's 1001 megawatt Wind VII project. The suit argues the board misapplied state law, found need, and avoided discrimination issues, with NextEra asserting its larger wind portfolio and nuclear plant ownership.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
NextEra Energy Resources
Duane Arnold Energy Center
Palo
MidAmerican Energy
NextEra
Polk County
Iowa Utilities Board
MidAmerican
Iowa
United States
Utilities Board
IUB
Own Utilities Board
Rob Hillesland
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Wall Street
Cee
Hillsbank.com
FDIC
Caucus
Peut
Urey
By Dave DeWitte
U.S. Bankruptcy Court
Lavid.dewitte
Gazcomm.com
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