Stocks slip as oil hits record near $61 a barrel
Oil prices rise to over 61 dollars as refining shortages spark market fears. The Dow falls about 1 percent to 10,270 while the Nasdaq slides to 2,068 amid investor caution and talk of Gulf of Mexico disruptions. The Bush administration pushes for subsidies cuts in WTO talks with China and Iowa City approves a Wal Mart Supercenter plan with a 3.13 million land price. GE Commercial Finance to acquire CIT aircraft assets worth about 1 billion to expand market reach.
MENTIONED IN THIS ARTICLE
Gulf of Mexico
New York Stock Exchange
Iowa City
Wal-Mart
GE Commercial Finance
General Electric Co
CIT Group Inc
GE Commercial Financial
Cedar Rapids
Regional Medicare plans offered through Blue Cross Iowa
The Gazette reports Wellmark Blue Cross and Blue Shield of Iowa partners with Blue Cross and Blue Shield in Minnesota and neighboring states to offer Medicare Advantage PPO plans in Region 19. Open enrollment runs Nov 15 to May 15, 2006, with four Medicare Prescription Drug Plans and a regional PPO expected. The article notes rural areas may have limited access and explains the Medicare Modernization Act’s impact on drug and Advantage plans.
MENTIONED IN THIS ARTICLE
Blue Cross
Blue Shield
Upper Midwest
Iowa
Cliff Gold
Wellmark Blue Cross
Gold
Wellmark
Blue
Chrysler offers employee discounts with up to 3500 cash back
Detroit AP reports Chrysler Group the last of the Big Three to apply employee discounts through August 1. The program covers Chrysler Dodge and Jeep models at the employee rate plus up to 3500 in cash back as competition intensifies in the auto price war.
MENTIONED IN THIS ARTICLE
Detroit
DaimlerChrysler AG
Chrysler Group
Chrysler
Dodge
Jeep
Smith-Cairns
Ford
White Plains
N.Y
General Motors Corp
Ford Motor Co
GM Leads Auto Industry With 41 Percent June Sales Jump
General Motors reports a 41 percent rise in June sales driven by employee discount offers. Ford and Chrysler launched similar pricing strategies, while Chrysler excludes several models. Analysts note costs were offset by reduced rebates and higher vehicle prices amid stronger demand.
MENTIONED IN THIS ARTICLE
General Motor
General Motors Corp
Ford Motor Co
MasacAar
Ford
Chrysler
Toprak
Iowa farmers split on 2002 Farm Bill costs and direction
Iowa surveys show one third of farmers say the 2002 Farm Bill is too expensive while another third are unsure and a third say costs are reasonable. Poll results indicate strong support for exports funding and energy incentives, with mixed views on income support, environmental focus, and price support methods. Governor Vilsack urged Congress to emphasize research and development in the bill.
MENTIONED IN THIS ARTICLE
Marlene Lucas
The
Gazette
AMES
Congress
Paul Lasley
Iowa State University
Iowa Farm and Rural Life
Scheman Center
U.S
Lasley
Gov
Tom Vilsack
Iowa
Cedar Rapids B Bops restaurants close due to redevelopment
Two Cedar Rapids 1950s themed B Bops locations at 2615 Blairs Ferry Rd NE and 3500 Williams Blvd SW closed after four years. Auctions set for 8:30 a.m. and 2 p.m. Monday to sell equipment and fixtures. J&J Properties’ Al Jandt cited weak local economy. properties sold for redevelopment. new owners to be announced by July end.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
al Jandt
J&j Properties
Blairs Ferry Rd
Williams Blvd
B-Bops
Des Moines
Ames
Scott Olson
Skogman Commercial Realty
Jandt
Williams Boulevard
Aa Doubieurive- Up
Maytag Suit Alleges Deception By Executives
A New York investment adviser files a class action in U S District Court alleging Maytag Ralph Hake and George Moore deceived investors about 2005 prospects. The suit claims March statements inflated stock prices and seeks damages for buyers between March 7 and April 21.
MENTIONED IN THIS ARTICLE
DES Moines
New York
Maytag
U.S. District Court
Barry Yellen
Yellen
Ralph Stone
Hake and Moore
Raymond James Institutional Investors
Orlando
Fla
Also Mentioned on This Page
Nasdaq
Ole
USDA
Bush
China
United States
Agriculture
Mike Johanns
Beijing
World Trade Organization
Iowa City Council
CIT Aircraft
1St Ave
15Th St
E. C.R. WalMart
Southwest C.R. HandiMart
Dubuque & Clinton
S.C
PPO
Dave DeWitt
David.dewitte
Gazettecommunications
Third Automaker
Jesse Toprak
Edmunds.com
Autodata Corp
Marlene.lucas
Ations
C.R. B-Bops
Blairs Ferry Road
George
Joraws
Ralph Hake
George Moore
Hake
Moore
Karen Lynn
Ripplewood Holdings
Ripplewood
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