Wall Street edges higher after rally as traders weigh data
U.S. stocks gained modestly with the Dow up 27.81 to 8359.49 the S and P 500 at 905.84 and the Nasdaq at 1799.73. Heartland Express posted 5.6 percent Q2 earnings growth as revenues fell 28.9 percent due to lower fuel surcharges and weaker freight demand. Treasury yields rose on June inflation figures with the 10 year at 3.47 percent and the 30 year at 4.38 percent.
MENTIONED IN THIS ARTICLE
Standard & Poor
Heartland Express
North Liberty
Treasury
Chrysler Financial Repaids $1.5B TARP Loan
Chrysler Financial said it fully repaid its $1.5 billion U.S. Treasury debt. It used an asset backed securitization through TALF to fund over 85,000 consumer loans for Chrysler, Jeep and Dodge vehicles. GMAC LLC replaced it as primary lender during restructuring.
MENTIONED IN THIS ARTICLE
Chrysler Financial
U.S. Treasury
Chrysler
Jeep
Dodge
Gmac LLC
Iowa Ag Secretary Says Cuts to Meet 2010 Budget
Iowa Agriculture Secretary Bill Northey says the department will cut hours and lay off staff to absorb a 15 percent budget reduction. The agency has already issued two layoff notices and left 26 positions vacant. A four hour biweekly work hour reduction is under union grievance review with an August arbitration planned.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Bureau
Iowa
Bill Northey
Northey
Iowa Department of Agriculture and Land Stewardship
American Federation of State, County and Municipal Employees
Afscme
Ginsberg Jewelers Leaves Downtown for New Cedar Rapids Home
Ginsberg Jewelers plans a 2400 square foot store at Market Place on First Ave SE near Highway 100 after leaving a Twixt Town temporary space. Since 1930, the family business will relocate from 219 Second Ave SE to a new destination shop, citing retail cycles over flood rebuilding.
MENTIONED IN THIS ARTICLE
Dave DeWitte
the Gazette
Ginsberg Jewelers
Market Place
First
First Avenue
Highway 100
Cedar Rapids
Gazette Edar Rapids
Twixt
First Center
First Avenue SE
Second Ave
Aspect Architecture
First Retail Center
Liebke Hoyt
Boyson Jewelry
Twixt Town Shopping Center
Herman
Steve Ginsberg
Sai Steve Ginsberg
Goldman Sachs posts record quarterly profit amid crisis recovery
Goldman Sachs reported a $3.44 billion second quarter profit and earnings of $4.93 per share as revenue hit $13.8 billion. The firm, aided by government rescue, set aside $6.65 billion for bonuses, reflecting a rebound in the trading of mortgages, bonds and derivatives.
MENTIONED IN THIS ARTICLE
Goldman Sachs
Washington Post
Washington
Wall Street
New York
Goldman
Barack Obama
I-JOBS funded bridge projects in five year plan
Iowa officials added 50 million for bridge improvements through the I-JOBS Bridge Safety Fund in the five year plan. Projects include three U.S. 151 bridges in Iowa County, a deck overlay on the Iowa River bridge in Iowa City, and two Cedar Rapids Iowa Interstate Railroad bridges.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Iowa Transportation
Iowa Transportation Commission
Iowa County
Iowa City
West Des Moines
Iowa Interstate Railroad
Iowa
Linn County
Chet Culver
Cedar Rapids
Also Mentioned on This Page
Secretary of Agriculture
Coveringiowapolitics.com
Boshart
Gazcomm.com
Steve Ginsberg Ginsberg
Ginsbergs
Highway 151
Tical Infrastructure
Tipton
Maquoketa
Fairfield
Independence
David. Dewitte
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