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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 10, 2009

Page

17

Wall Street Edges Higher Amid Bank and Commodity Buying

Investors show appetite for risk after a jittery week as banks and industrials attract funds and the Dow, S&P 500 and Nasdaq advance modestly. The market faces caution about the economy even after earlier heavy selling.

Standard & Poor

Oil near $60 as gas sales lag and energy demand softens

Benchmark crude for August delivery settled at $60.41 a barrel on the NYMEX after a choppy session that briefly dipped below $60. Consumers worry about job losses and layoffs, leading to reduced spending and weaker gasoline demand, while overall energy markets remain tentative.

New York Mercantile Exchange

Treasury Bills Fall as Stocks Rebound Boosts Yields

Treasuries slipped as stocks rose, drawing money from bonds after solid results from the week’s final auction. The 10 year note dropped 27/32 to 97 19/32 raising its yield to 3.41 percent. the 30 year bond fell 126/22 to 99 3/82 lifting its yield to 4.30 percent. the two year note eased 1/32 to 100 12/32 with yield at 0.93 percent.

Treasury

GM to Exit Bankruptcy in Record Time Today

GM is poised to emerge from bankruptcy protection as a lighter company with 61 percent federal ownership. The plan calls for further cuts of 4,000 white collar jobs and a move to sell most assets to a new venture, while still employing 88,000 in the U.S. and 235,000 globally.

Detroit General Motors George Magliano IHS Global Insight Fritz Henderson The United

Ice Cream Tribute Honors Paul Heyn at Iowa City Shop

About 40 local students helped design flavors for a commemorative ice cream at Heyn's Ice Cream in Iowa City, honoring Paul Heyn who ran the shop and aided University of Iowa youth camps. The three flavors include Tropical Sunset and a Kit Kat Twix Hershey mix named Superhero.

Gadcus Owa City Paul Heyn Heyn S. First Ave Iowa City University of Iowa Jacobson Institute For Dawn Bowlus Institute Paul Mary Olesberg Jacobson Institute For Youth Entrepreneurship Pappajohn Business Building Jiang Jung Kevin Henson

Real estate values hinge on fast price data in Florida market

Mary Shanklin reports that appraisers, agents, buyers and sellers face price uncertainty as weeks pass before sale prices appear on government and commercial sites. Realtor.com plans next day closing prices in 22 markets to reduce guesswork, with Florida markets highlighted.

Mary Shanklin McGratchy Orlando Fla Realtor.com U.S Tors Zillow.com

McDonald’s Expands Financial Education for 500000 Employees

McDonald’s and Visa launch a nationwide financial education program for employees in 14,000 restaurants. The three part program includes a training video, a budgeting journal, and a web resource center with calculators and games to teach money management and responsible credit use.

McDonald’s Visa Jason Alderman Alderman

Also Mentioned on This Page

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