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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
McDonald’s
Visa
Jason Alderman
Alderman
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