Dow Hits Third Straight Record Close Amid Oil Slump
Wall Street closed mixed as the Dow Jones Industrial Average rose 26.51 to 12,582.59, its third straight record close. The Nasdaq fell 5.04 to 2,497.78 while oil prices slid to a 19 month low near 51 a barrel amid signals from Saudi Arabia on cuts. Decliners outpaced gainers about 2 to 1 on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Dow Jones
OPEC
Saudi Arabia
Dow
New York Stock Exchange
Bandag converts Class B stock to common stock auto matically
Bandag Corp of Muscatine said all outstanding Class B shares were converted into the same number of Bandag common shares. Holders need not exchange certificates and Dec 22 closes determine the 34 cent quarterly Class B dividend payable Jan 22. The Carver family’s voting power drops from about 64 percent to about 36 percent after the conversion. Treasury bills rise in Monday auction with three month at 4.975 percent and six month at 4.950 percent.
MENTIONED IN THIS ARTICLE
Bandag Corp
Muscatine
Bandag
Carver
Treasury
Treasury Department
Airports set records in 2006 passenger totals
The Eastern Iowa Airport welcomed 1 023 768 passengers in 2006, a 4 percent rise from 2005. Quad-Cities International in Moline reported 911 522 travelers, up 6 percent from 2005, marking a first over 900 000 at the western Illinois airport. Gazette and wire reports.
MENTIONED IN THIS ARTICLE
Eastern Iowa
Quad Cities International
Quad-Cities International
Moline
Ill
Western Indis
Gazette and Wire
Tipton picked for 1.4 million Cedar Poly recycling plant
Dennis Rogers plans a 62 000 square foot Cedar Poly facility in Tipton to recycle about 100 000 pounds of plastic film daily from nine states. The $1.4 million plant on 4.18 acres, with 8 to 12 new jobs, will use tax increment financing and boost Tipton tax revenue by about 34 500 annually.
MENTIONED IN THIS ARTICLE
Cedar Poly
George
Ford the Gazette
Cedar County
Tipton
Dennis Rogers
North Cedar Recycling
Stanwood
Rogers
Tipton Economic Development Corp
Dennis
Travis Alden
United States
Alden
Aiden
Rugged xTablet Aids Beer Distributors Nationwide
Matt Miller built MobileDemand in Hiawatha to supply rugged xTablets used by beer distributors in trucks and stores. The devices retail around 3300 dollars, backed by reliability. Miller started in Cedar Rapids after Anheuser Busch pushed full screen Windows for distributors. His firm serves 150 wholesalers across 43 states.
MENTIONED IN THIS ARTICLE
Matt Miller
Hiawatha
Miller
Anheuser- Busch
New Hampshire
Cedar Rapids
Corinne
Doug Berns
Hawaii
Miller's startup gains traction via Cedar Rapids EDC event
Miller partners with Cedar Rapids Entrepreneurial Development Center to hone business strategies. His nine years at Norand Corp inspired a rugged Taiwan made handheld computer, leading to a vehicle cradle and carrying case. Anheuser-Busch exposure comes after joining the Iowa Wholesale Beer Distributors Association and showcasing the xTablet.
MENTIONED IN THIS ARTICLE
Hawaii
Miller
Cedar Rapids
Norand Corp
Intermec Tnc
Taiwan
Anheuser-Busch
St. Louis
Iowa Wholesale Beer Distributors Association
Kirchoff
Grassley seeks ban on packer livestock ownership
Sen. Chuck Grassley launches a second part of his concentration agenda to bar meat packers from owning or feeding live stock. The measure would exclude small or single pack entities and protect farmer cooperatives while advancing concerns about concentration in livestock markets ahead of the farm bill.
MENTIONED IN THIS ARTICLE
George G. Ford
The
Gazette
Chuck Grassley
Rilowa
Grassley
Ben
Bers
Index funds are dull but dependable choice for investors
McGuire on Money recalls his first stock purchase in 1998 during the dot com era and explains that index funds track market indices like the S P 500 or Wilshire 5000. He notes lower fees and that many funds fail to beat benchmarks, while selective managers add value for small or international stocks.
MENTIONED IN THIS ARTICLE
Standard & Poor
Morningstar
U.S
Patrick Egan
Thrivent Financial
Nate Wenner
Wipfli Hewins Investment Advisors
Egan
Also Mentioned on This Page
AVR Travel
G.R
Quad Cities
15Th St
BP Williams Bird
Qubuque & Market
1.C
1St Ave
Cornhille
Iowa
Cedar River Paper Co
City Carton
Iowa City
George Ford
Gazettensnicatians.com
Laura Schmitt
the Gazette
Dale Lee
Utera
MobileDemand
Extreme
Marlene Lucas
Matt Miller MobileDemand President
Boysen Rd
Mobilecomand.com
Antitrust Division
United States Department of Justice
Smithfield Foods
Premium Standard Farms Inc
Ford
Gazettecommunications.com
McGuire ON
MONEY
Kara McGuire
Minneapolis Star Tribune
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