Stocks rise on buyout buzz and Merck gains
Stocks rebound as buyout news hints deal fever remains strong and Merck profits beat estimates. The Dow adds 92.34 points to 13,943.42, the S&P 500 gains 7.46 to 1,541.56, and the Nasdaq climbs 2.98 to 2,690.58.
MENTIONED IN THIS ARTICLE
Wall Street
Merck & Co
Standard & Poor
VeraSun to buy three ethanol plants for 725 million
VeraSun Energy Corp plans to acquire three ethanol plants from USAllyances Biofuels LLC for 725 million dollars. The plants in Linden Indiana Bloongburg Ohio and Albion Nebraska have 110 million gallons per year capacity and are complete or under construction. CEO Don Endres says the purchase yields immediate capacity and revenue at near build cost. ConocoPhillips teams with Peabody Energy to develop a coal to gas substitute facility in the Midwest using E-GAS tech. Location TBD and design and economic assessment due early 2008.
MENTIONED IN THIS ARTICLE
VeraSun Energy Corp
Usalliances Biofuels LLC
Linden
Ind
Bloongburg
Ohio
Albion
Neb
VeraSun
Don Endres
ConocoPhillips
Peabody Energy
Midwest
Peabody
ConAgra to acquire New York natural foods firm Alexia
ConAgra Foods Inc owner of J.M. Swank said it has acquired New York based Alexia Foods Inc a privately held natural foods company. Terms were not disclosed. Alexia founded in 2002 by chef Alex Dzieduzczyck generates about 35 million in annual sales and will continue operating from its Long Island City offices.
MENTIONED IN THIS ARTICLE
ConAgra Foods Inc
J.M. Swank
North Liberty
Alexia Foods Inc
Alexia
Alex Dzieduszycki
United States
Canada
Omaha
ConAgra
Long Island City
N.Y
Gas Price Survey in the Corridor
A random survey of gas prices in the Corridor shows average costs as of yesterday afternoon. Prices are rounded to the nearest cent for consistency across stations.
Record gas demand drives price resilience in Iowa metro areas
High gas prices do not curb demand, with Iowa metro areas averaging $3.10 per gallon in mid-June to mid-July as gasoline production hits a monthly high of 9.3 million barrels per day in June. Demand reaches 9.6 million barrels per day in early 2007, while supply disruptions and refinery outages temper prices yet keep consumer use strong.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Towa
Iowa Department of Natural Resources
DNA Energy
Brian Crowe
Crowe
Iowa
Coffeyville
Kansas
West Texas
Dekatherm
Johnson County Fair showcases surprises among livestock and displays
Mindy Lenz 19 in glittery flip flops helps with cattle at the Johnson County Fair in Iowa City while her sister Randi shows hogs. The fair runs Monday through Thursday with activities including a new fish display by the Iowa Department of Natural Resources and a note on weigh in delays in the pig barn.
MENTIONED IN THIS ARTICLE
Brian Ray
the Gazette
Courtney Vondracek
Fairfax
Johnson County
Terrence Neuzil
Nicole Doser
Iowa City
Ine
Owa
Mindy Lenz
Johnson County Fair
Mindy
Randi Lenz
Solon
Thursay
Marlena Lucas
Paige Albright
Shanghai
China
Iowa Department of Natural Resources
Albright
Larry and
Mary Rogers
Web based investment scams warned by SEC official
SEC official Jack McCreery warns investors about online scams touting little known stocks at 20 cents a share that could surge to 2 dollars. He notes bogus sites and serial scams that push false financials and urge immediate credit card payments. The SEC halted 35 small company trades in March amid spam and fake investment pitches.
MENTIONED IN THIS ARTICLE
Jack McCreery
Office of Investor Education & Assistance
U.S. Securities and Exchange Commission
Washington
McCreery
SEC
Epsion International
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VeraSun Energy
N.Y. Natural Food Company
15Th St
Wiliams Blvd
C.R
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