Wall Street recovers from five-day loss on earnings rally
The Dow rose 50.74 to 8369.47 and the Nasdaq gained 28.79 to 1388.27 as investors bought after positive results from firms like Texas Instruments. Volume was heavy at 2.16 billion. 401k blackout notices loom for 40 million workers under new Labor Department rules. United Airlines cuts overweight bag fee to 25 dollars. Mortgage rates drift lower with 30-year at 5.91 percent and 15-year at 5.31 percent per Freddie Mac.
MENTIONED IN THIS ARTICLE
Wall Street
Texas Instruments
New York Stock Exchange
Labor Department
Freddie Mac
Americans rally to own stock rises to majority ownership in 2001
A Federal Reserve study shows 51.9 percent of U.S. households owned stock in 2001, the first time over half. Net worth grew 10.3 percent to 86100 and median family income rose 9.6 percent to 39900 since 1998, with wealth gains concentrated among richer households.
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Washington
U.S
Wall Street
Federal Reserve
Fed
Ruby’s Pearl moves to larger Northside site in Iowa City
Feminist sex shop Ruby’s Pearl relocates from downtown to 323 E Market St in the Northside Marketplace doubling its space. Co owners Kymberly Koester and Laura Crossley plan sex education seminars poetry readings and art displays while maintaining a growing line of feminist literature and women focused body care products.
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the Gazette
Iowa City
Ruby’s Pearl
Kymberly Koester
Laura Crossley
Ruby's Pearl
E. Market St
Northside
Koester and Crossley
United States
Koester
SEC Orders Mutual Funds to Disclose Proxy Votes Beginning July
The Securities and Exchange Commission moved to require mutual funds to disclose to investors how they voted on company proxy decisions starting in July. The rule passed 4-1 despite objections from Vanguard Fidelity and other funds who say it is costly.
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Washington
Securities and Exchange Commission
SEC
Vanguard
Fidelity
Nies
General Electric Co
Microsoft Corp
Harvey Pitt
Paul Atkins
Investment Company Institute
Fidelity Spartan
East Iowa jobless rate rises with Jackson County lead
Jackson County posts the largest December unemployment jump from 6.3 to 8.6 percent as 210 more people are out of work. Linn County sees a shrinking labor force with 1 000 fewer employed, while Johnson stays at 2.8 percent. Iowa's rate holds at 3.9 percent and U S unemployment stays at 6 percent.
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Ne Gazette
Cedar Rapids
Iowa
Jackson County
Ann Wagner
Iowa Workforce Development
Tyco
Sabula
Linn County
Wagner
Johnson County
U.S
KCRG TV9 Begins Digital Signal Testing
Cedar Rapids KCRG TV9 has begun testing its digital signal after two years of prep. The station will air 7 to 10 p.m. daily with about 80 percent of ABC prime time in high definition and will carry the Super Bowl at 5 p.m. on Sunday. Viewers need a digital TV or PC receiver board, plus an antenna, with prices varying widely.
MENTIONED IN THIS ARTICLE
George C. Ford
The
Gazette
Cedar Rapids
Kcrgtv9
ABC
Phelan
KCRG
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Nasdaq
United Airlines
United
Oeryone
AP Stockquote
Local
David Wyss
Standard & Poor’s
New York
Ruby
I.C. Feminist
By Frank Gluck
Crossley
Alternatives
Eric Eggenberger
Frank.gluck
Gazettecommunications.com
Securities Commission
Workforce Development
Gazette Graphi
Kcrg-Tv9
John Phelan
Pentord Corp
Columbus McKinnon An
PepsiCo
Come! Fed
Procter Gambie
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Ralcorp Holding
Heinz
Toyota Motion Inds
Union Planters
Inti Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Longon File
Unova Inc Macc Pro Eat
Verizon Comm
Marsh & McLennan
WalMart
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