Tech stocks drag as oil hikes rattle markets
Tech led declines as rising oil prices and weak forecasts sparked a broad stock sell-off. The Dow fell 63.49 points to 10,219.34 and the Nasdaq dropped 43.23 to 1,963.43, its steepest one day loss since March. Crossroads Center mall was purchased by Coyote Management LP, terms undisclosed. Bird flu confirmations emerged in Anhui province after dead poultry were found. Treasury auctions showed three month bills at 1.320 percent and six month bills at 1.630 percent, with one year yields easing to 2.14 percent.
MENTIONED IN THIS ARTICLE
Brian Pears
Victory Capital Management
Cleveland
New York Stock Exchange
Crossroads Center
Waterloo
Sears
Coyote Management LP
Addison
Texas
Dillard’s
Gordmans
JC Penney
Younkers
U.S
China
Anhui
Treasury
Treasury Department
Federal Reserve
Gazette
News Service
Diane Swank
Bank One
Chicago
Economic optimism fuels forecast of banner year
Analysts foresee GDP growth of 4.6 percent or more this year, marking one of the strongest expansions in two decades. Despite energy price spikes and rate hikes, experts cite resilient consumer spending, solid job gains, and international demand as offsets.
MENTIONED IN THIS ARTICLE
David Wyss
Standard & Poor’s
New York
Japan
China
U.S
Benz Beverage Depot opens in Cedar Rapids lifestyle store
Benz Distributing Inc opened the Benz Beverage Depot at 501 Seventh Ave SE Cedar Rapids converting a downtown warehouse into a lifestyle store. The 6500 square foot space stocks over 3500 items including 1200 wines and 150 beers with a food section of cheeses nuts and desserts. General manager Jared Hanlin a former Chicago attorney aims to expand to a second location and envisions the project as a prototype for future stores.
MENTIONED IN THIS ARTICLE
Duane Croak
the Gazette
Mike Schenkelberg
Cedar Rapids
Benz Beverage Depot
Seventh Ave
Iowa
Benz Distributing Inc
Jared Hanlin
Chicago
Hanlin
Benz
Benz Distributing
Seventh Avenue
Rain moderates aphids but sustains crop yellowing in Iowa
Iowa growers report frequent rain reduces aphid damage to soybeans as moisture keeps aphids off plants, though excessive rain causes yellowing in later plantings and potential nitrogen loss in some corn. Iowa Crops & Weather notes corn average height 51 inches with 66 inches tallest, crop conditions improving overall. soybean blooming at 22 percent with 58 percent good condition. Average weekly precipitation 1.18 inches, above normal.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Gazette
Iowa
Bill Emmert
River Valley Cooperative
Clarence
Emmert
Iowa Crops & Weather Report
Iowa Agricultural Statistics
C R firm expands its line in women's health care products
Lil Drug Store Products Inc of Cedar Rapids bought a portfolio From Columbia Laboratories including Re presh Vaginal Gel and Advantage-S Contraceptive Gel plus foreign marketing rights for Replens Vaginal Moisturizer. The deal includes Columbia sales support for 2.5 years as Lil Drug Store expands U S distribution and enters foreign markets.
MENTIONED IN THIS ARTICLE
George G. Ford
Gazette
Cedar Rapids
Columbia Laboratories Inc
Livingston
N.J
Lil’ Drug Store Products Inc
Continental Pl
Lil’ Drug Store
U.S
Replens
Columbia Laboratories
Chris DeWolf
DeWolf
Sprint and MCI raise prices on calling plans
Sprint Corp and MCI Inc raise prices on multiple wireline plans. Sprint adds a 3.95 monthly fee affecting about 4 to 5 percent of customers on its Sense Domestic plans. MCI lifts Nationwide plan from 2.95 to 4.95 with 5 cent state to state calls, and Anytime Calling plan fees rise 14 cents per call. per minute rates vary by location from 7 to 9 cents.
MENTIONED IN THIS ARTICLE
New York
Sprint Corp
MCI Inc
Sprint
Also Mentioned on This Page
DOW
SciTyme
Iowa City
AP Stockquote
Washington
Bill Clinton
Ronald Reagan
NEW Business
C.R. ‘Lifestyle Store
Lynn Walding
David
Dewitte
Gazettecommunications.com
Narlene,locas
Source
Iowa Department of Agriculture and Land Stewardship
Gazette Map
C.R
George.ford
MCI
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