Stocks Slip as Home Sales Dip and Bond Auction Disappoints
The Dow Jones falls 119.21 points to 12,502.56 and the Nasdaq down 32.04 as home sales drop 0.8 percent in December and Treasury five year notes auction underwhelms. Mortgage rates rise with 30 year at 6.25 percent, 15 year at 5.98 percent, five year ARMs at 6.00 and one year ARMs at 5.49.
MENTIONED IN THIS ARTICLE
Dow Jones
National Association of Realtors
U.S
Treasury
Dow
New York Stock Exchange
Freddie Mac
ImOn Communications Nearing McLeodUSA ATS Buy
ImOn Communications aims to own the McLeodUSA ATS residential phone cable TV and Internet business by March 1. The Cedar Rapids firm led by Stephen Gray says operations location is undecided and customers will see no change in rates or service. McLeodUSA ATS customers were informed by letter about the plan.
MENTIONED IN THIS ARTICLE
Jmon Communications
McLeodusa Ats
New York
Cedar Rapids
Stephen Gray
Imon Commmunications
ImOn Communications
ConAgra to Close Plants and Shift Production Across Sites
ConAgra Foods plans to close its Edina microwave popcorn plant by late April and move production to Rensselaer Indiana and Irapuato Mexico. The bulk popcorn plant at Lake View will shrink production by May. The St Paul popcorn ball plant will close and transfer output to Lakeville Minnesota.
MENTIONED IN THIS ARTICLE
ConAgra Foods Inc
Edina
Minn
Rensselaer
Ind
Irapuato
Mexico
Lake View
ConAgra Foods
St. Paul
Lakeville
Gazette and Wire Reports
Gas price survey notes Corridor averages
A random survey reports yesterday afternoon gas prices in the corridor with prices rounded to the nearest cent. The lowest price recorded today in 2006 is $2.15 per gallon.
Rockwell Collins posts 42 percent first-quarter gain
Rockwell Collins reports 42 percent rise in earnings per share to 84 cents in the first quarter, with net income up 38 percent to 104 million as Commercial Systems revenue climbs 21 percent to 492 million. Defense and government systems also advance aided by acquisitions and tax credits.
MENTIONED IN THIS ARTICLE
Tne Gazette
Cedar Rapids
Rockwell Collins
Aviation Electronics
Clay Jones
Jones
Collins
Evans & Sutherland
Evans
New York Stock. Exchange
Senators champion renewable fuel plan with Bush urging funding
U S senators Harkin Lugar and Obama press Bush to submit a robust alternative fuels budget and push for 35 billion gallons by 2017 and 60 billion by 2020. They back a 20 percent renewable portfolio standard and expanded investments in research tax credits and flexible-fuel vehicles.
MENTIONED IN THIS ARTICLE
Barack Obama
D-Al
Capitol Hill
Washington
Obama
Tom Harkin
D-lowa
Richard Lugar
A-Ind
Byron Dorgan
D-N.d
Bush
Ashington
D Lowa
Midwest
Legislative Express
Harkin
R-Ind
D-Il
Union of Concerned Scientists
Ben Larson
Larson
Iowa
U.S
Leonard Boswell
D-Town
America
Agriculture Committee
Lugar
White House
Congress
Ford posts record 2006 loss of 12.7 billion dollars
Ford Motor Co reports a 2006 loss of 12.7 billion dollars, averaging 1,925 dollars per vehicle sold. The company warns it will bleed cash for two more years, with 2008 forecasts and a plan to return to profitability by 2009.
MENTIONED IN THIS ARTICLE
Ford
Dearborn
Mich
Ford Motor Co
Simple mutual fund picks for kids investments
Morningstar suggests a kid friendly path using stock funds for long horizons. Favor large cap funds such as Walt Disney and McDonald's while checking 3 5 and 10 year performance and low initial investments. Look for automatic plans and low expenses and avoid sectors like alcohol tobacco and defense. Funds listed include T Rowe Price Spectrum Growth Pax World Balance Vanguard Star and Ariel Appreciation.
MENTIONED IN THIS ARTICLE
Morningstar
Walt Disney Co
McDonald's
Morninestar
Imorningstar.com
Also Mentioned on This Page
Wall Street
ConAgra
1St Ave
Path St. NE
Wiliams Blvd
Dubuque & Market
I.C
Dave DeWitte
Gay Dones
David.dewitte
Gazettecommmunications
Gazette
emmvatPaol.com
General Motors
Burnham Securities
David Healy
Steve Rosenkansas
City Star
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