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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 03, 2007

Page

9

Stocks Rise On First Day Of Quarter Amid Signals

Markets climbed as Treasuries yield fell and manufacturing activity in June rose. The Dow advanced 126.81 to 13,636.43, the S&P 500 gained 16.08 to 1,519.43, and the Nasdaq rose 29.07 to 2,632.30 with breadth about 4 to 1 in favor of advancers on the NYSE.

Treasury New York Stock Exchange

Manor Care to be bought by Carlyle Group for 4.9 billion

Manor Care Inc a northeast Cedar Rapids nursing home operator accepts Carlyle Group bid of about 4.9 billion offering $67 per share cash a 2.6 percent premium from Friday's close. Manor Care runs about 500 nursing and rehabilitation centers plus assisted living and health care businesses with 60,000 employees and locations in Davenport Dubuque and Waterloo Ohio based Carlyle will acquire all shares.

Manor Care Inc Cedar Rapids Carlyle Group Toledo Manor Care Davenport Dubuque Waterloo

AT&T offers free Wi Fi at hotspots for higher speed plans

AT&T announced that subscribers to Pro Elite and FastAccess broadband will receive free access to its 10,000 Wi Fi hotspots nationwide including airports and retailers. Lower tier service adds unlimited Wi Fi for 1.99 per month.

At&t Inc McDonaldjs

Treasury bill auction shows mixed rates on short maturities

The Treasury Department sold 15 billion dollars of three month bills at a discount rate of 4.790 percent, up from 4.685 percent, while six month bills at 4.810 percent remained unchanged. A $10,000 three month bill priced at 9,878.92 and a six month bill at 9,766.83. Gazette and wire reports.

Treasury Treasury Department Gazette and Wire Reports

Gas price survey in the Conidor area

A random survey of gas prices in Conidor shows prices rounded to the nearest cent as of yesterday afternoon. Local stations varied by only a few cents, with typical prices near the mid two dollars per gallon range across brands and service types.

Conidor

Midwest ethanol jobs boost region economy survey shows

Creighton University economist Ernie Goss oversees a monthly survey showing ethanol plants and farm income supporting Midwest economic strength. The June Business Conditions Index rose to 60 from 58.3, with inflation pressures easing yet wholesale food and oil prices rising. The regional index for Iowa jumped to 63.3, while employment remained strong at 69. Export orders stayed at 60, imports eased to 60.4, and energy costs pressured confidence despite a weaker dollar boosting exports. The survey tracks nine states and mirrors the national ISM methodology since 1964.

Omara Neb Midwest Creighton University Ernie Goss Secon Goss

Weeds and spinach carry Abbe Hills CSA through drought

Laura Krause’s Abbe Hills Farm shows how a Community Supported Agriculture model sustains a season with poor spring conditions. Spinach, lettuce and peas fed 120 families Thursday evening as subscriptions offset crop failures, with spring planting and late replanting plans amid heat and drought.

Marlene Lucas The Gazette Laura Krause Abbe Hills Susan Jazz Solon Krause Mount Vernon

Credit cards push tools to help avoid fees and outages

Credit card companies roll out alerts, online statements, and autopay to curb fees and higher rates as lawmakers scrutinize practices. Chase offers a $10 credit for signing up for three tools with alerts by July, while Discover promotes the Motion Card rewarding good credit management.

Chase Credit Card Congress Discover Financial Services Discover Motion Chase Chase Clear & Simple Twick Art Wack Card Services Wilmington Del Hartwick

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