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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 2007
Page
10
Wall Street ended the first week of the third quarter with a gain as investors absorbed signs from the June employment report. The Dow rose 45.84 to 13611.68, the S&P 500 gained 5.04 to 1530.44, and the Nasdaq climbed 9.86 to 2666.51. Weekly totals showed the Dow up 203.06, the S&P 500 higher by 27.09, and the Nasdaq up 63.28.
Iowa now has 66 fueling stations offering E85 fuel blends and 186 stations with biodiesel. Eastern Iowans can access 85 at Rum & Go Store in Coralville and Maxfield Co-op in Emmetsburg, with 85 and biodiesel at Eastern Iowa Propane and Petro in Clinton. A full list is at iowarfa.org ethanol e85 refueling page.
Burger King plans to use trans-fat-free cooking oil in all U.S. outlets by end of next year, joining other major chains. The chain says it already uses zero trans-fat oil in hundreds of its 7,100 plus restaurants nationwide and notes fries and chicken are prepared with oil. Tests show flavor of items cooked in the new oil equals or surpasses those cooked with trans fat oil.
Federal antitrust authorities have asked Alcoa Inc. for more information on its unsolicited $27.5 billion bid to buy Alcon Inc. The Justice Department request under Hart-Scott-Rodino extends the waiting period until 30 days after Alcoa fulfills the request. Alcoa, based in Pittsburgh, said it would comply as soon as possible.
Iowa's exports rose about 14.5 percent in 2006 to $11.0 billion as a weak dollar attracted buyers abroad. Machinery led with about $2.0 billion, while unprocessed commodities like grain pushed total shipments past $11 billion. Canada bought $3.07 billion. China saw $244 million in manufactured goods. Tractors topped exports at 712 million.
Iowa farmer Benjamin Schmidt says field work eases in June as corn pollination and soybean blooming proceed. He serves on multiple Iowa Soybean Association committees and hosted Soybean Producer Appreciation Day attracting farmers from nearby counties to explore low acid oil soybeans and on farm nitrogen trials.
The Gazettes follows Benjamin Schmidt through the Iowa City farmland during the growing season. The piece notes his role as director and how he handles weekly updates, staff information, and legislative topics with support from corn and soybean groups. Contact details are provided for the writer.
The article explains why index funds often outlast fund managers in beating the market. It outlines how index funds track broad indices like the S&P 500, diversify across all stocks, and use a math driven approach without costly analysts. It suggests a 60 40 mix of stock and bond indices for beginners and projects 8 to 10 percent annual returns over a decade.
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