Wall Street Indexes Edge Higher Amid Earnings Start
Wall Street rose in a choppy session as Treasury yields fell easing nerves while investors brace for the start of the second quarter earnings season. The Dow gained 38.29 to 14,699.97, the S&P 500 added 0.09 percent to 1015.85, and the Nasdaq rose 9.91 to 2070.02 as advancers outpaced decliners 4 to 3.
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Wall Street
Treasury
Standard & Poor
New York Stack Exchange
Alcoa Q2 Profit Falls On Outage Costs
Aluminum maker Alcoa Inc. said second quarter profit slipped nearly 4 percent as outage costs at two smelters weighed on results. Net income fell to 715 million dollars, 81 cents a share, from 744 million, 85 cents. Revenue rose to a record 8.1 billion, up 3.8 percent. The Riverdale mill operates a specialty products facility, with 36 million dollars in curtailment costs at Alcoa, Terin, and Rockdale Texas.
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Alcoa Inc
Alcoa
Riverdale
Terin
Rockdale
Texas
Treasury auctions push short term bills to new highs
The Treasury sold 15 billion in three month bills at 4.815 percent, up from 4.790 last week, and 14 billion in six month bills at 4.850 percent, up from 4.810. Discount rates show bills go below face value with a 10000 dollar bill priced at 9878.29 for three months and 9754.81 for six months.
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Treasury
Treasury Department
Icahn group hikes Lear bid delaying vote to $37.25 a share
American Real Estate Partners LP led by Carl Icahn raises its offer for Lear Corp to about $2.9 billion or $37.25 a share from $36, prompting Lear to push back the shareholder vote. Lear runs an automotive parts plant in Iowa City.
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Lear Corp
Carl Icahn
Icahn
American Real Estate Partners LP
Lear
Iowa City
American Real Estate Partners
Divorce fight to break up Alpha International in Cedar Rapids
Alpha International, a Cedar Rapids designer and distributor of nostalgic pedal cars, is closing amid a divorce battle between founders Connie Hung and Jody Keener. Keener seeks contempt and stock transfer. a bankruptcy or loan issues are cited as the cause. An Aug. 7 hearing will address contempt and liens, with employees laid off and customers alerted.
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Ethanol
1St Ave
16Th St
Willams Bia
SW. C
Dave DeWitt
The
Gazette
Cedar Rapids Alpha International
Cedar Rapids
Alpha International
Alpha
Connie Hung
Hung
Itu
Jody Keener
Keener
Thomas Keener
Linn County
Steve Olin
Playthings
Post.com
Olin
United States
Target
Wal-Mart
J&P Cycles expands Anamosa with 50 acre park plan
John Parham and co owner Bill Parham unveil Anamosa Commercial Park a 50 acre mixed use development near Highway 161 This project may include a 55 room American hotel a restaurant and small strip center with potential future expansion A partner notes the site could attract visitors for J&P cycles and major races at the area Anamosa and Jones County could see enhanced lodging and dining options as construction begins later this year Additional hotels may follow reflecting the Newton and Independence tourism pattern
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Jones County Rec
J&p Cycles
Circle Drive
Highway 151
Anamosa
Americian
the Gazette
J&p
Parham
David Harchanko
Jones County
Harchanko
Iowa Speedway
Newton
Dennis Walters
J. Parham Rentals LLC
Independence
Highway 20
Heartland Acres
Walters
Anamosa Commercial Park
Save now learn later tax advantaged college plans
Alyce Zollman of Charles Schwab notes tuition has risen 8.7 percent yearly for two decades and suggests 529 plans and Coverdell Education Savings Accounts as tax favored ways to fund education. 529s offer high limits and tax free withdrawals for qualified expenses. Coverdells add flexibility for elementary to higher education costs.
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Alyce Zollman
Charles Schwab
Department of Labor
Zollman
Coverdell Education
Coverdells
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