Wall Street Gains on Earnings Rally
Stocks surged as earnings and economic data boosted confidence in the economy’s recovery. The Dow rose 201.77 to 10,322.30, the S P 500 climbed 24.08 to 1,093.67, and the Nasdaq advanced 58.56 to 2,245.89.
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AAA Corp
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MO Ago
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Vanguard TotStlins 27.15 +63 Davis NYVentAm
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F A J Eaton Vance
Casey's Urges Shareholders to Hold on Revised Takeover Offer
Casey's General Stores asks shareholders to refrain from action as Toronto based Couche-Tard advances with a cash bid of 36.75 per share for all Casey's stock. The offer improves the prior 36.00 bid and Casey's board will review with advisers before recommending. Couche-Tard operates about 3600 U S stores and has received 19 percent tendered as of July 9.
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Casey’s General Stores
Alimentation Couche- Tard Inc
Casey’s
Couche-Tard
United States
United States faces slow recovery with high unemployment
Amid extended jobless benefits, economists warn the economy may avoid recession but linger in stagnation. Robert Reich predicts lasting hardship for older workers and families, while business leaders like Lonnie Kane fear a double dip and flat growth as Fed officials mark a dimmer outlook.
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United States
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Karen Kane Inc
Los Angeles
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Fed
Ben Bernanke
Small Iowa firms to claim health care tax credits
A report by Families USA and Small Business Majority says over 51,100 Iowa businesses with under 25 workers will qualify for health insurance tax credits under the federal health reform law. Credits reach up to 35 percent of employer costs through 2014, with 14,000 firms eligible for the maximum.
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George G. Ford
the Gazette
Iowa
Families USA
Small Business Majority
Health reform aids small firms says Families USA report
A Families USA conference call highlights that firms with 50 plus workers provide health insurance, with nonprofit employers gaining a 25 percent tax credit. Credits decrease as employee count and wages rise and two part timers can count as one full-time worker, expanding eligibility for venues like fast food outlets.
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Families USA
Small Business Majority
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