Wall Street slips on earnings and mortgage concerns
Wall Street declined sharply as investors digested weak quarterly reports and worries about the mortgage market. DuPont led losses on the Dow as Pioneer Hi Bred International parent posted flat Q2 profit while overseas sales rose. The Dow, S&P 500, and Nasdaq fell, and Treasury bill yields rose with three and six month discounts up from last week.
MENTIONED IN THIS ARTICLE
Wall Street
DuPont Co
Dow
Pioneer
Hi- Bred International
Chemical
U.S
Dow Jones
Standard & Poor
Treasury
Treasury Department
DuPont reports flat earnings amid mixed Q2 results
DuPont Co. posted flat second quarter profits as higher sales offset energy costs and biotech research spending. Net income fell to 972 million from 975 million a year earlier, while earnings per share stayed at 1.04. Revenue beat the 7.86 billion consensus, though analysts expected 1.06 per share.
MENTIONED IN THIS ARTICLE
DuPont Co
Biotech
U.S
Thomson Financial
Wall Street
Des Moines Health Summit Seeks Cost Controls
A business group and health advocacy organization plan innovative talks at the ABI National Health Care Summit on Chronic Disease Management in Des Moines. Sponsored by the Iowa Association of Business and Industry with 1,200 member firms and the Partnership for Better Health, the network includes 27 groups and partial funding from GlaxoSmithKline.
MENTIONED IN THIS ARTICLE
ABI
Des Moines
Iowa Association of Business and Industry
Iowa
Partnership For Better Health
GlaxoSmithKline. Gazette
Gas Prices Survey in the Corridor
A random survey tracks gas prices in the Corridor as of yesterday afternoon. Prices are rounded to the nearest cent.
Bar alternatives winner seeks financing
University of Iowa junior Gayle Hickerson won the ICnighttime com contest with a mini lane bowling alley concept for Old Capitol Town Center. The plan could cost 300000 for a four lane facility or 500000 for a full mini lane, with SBA backed financing covering about 75 percent. Health problems of her investor backer may force her to pass the idea to another entrepreneur.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Bahar
University of Iowa
Gayle Hickerson
Old Capitol Town Center
Hickerson
Iowa
State Bank & Trust
Florida
Iowa City
Kurt Kastendick
Iowa State Bank & Trust
Jay Christensen-Szalanski
25th anniversary of Cedar Rapids printer Allegra Print
Bruce and Cheryl Van Kerckhove mark 25 years at Allegra Print Cedar Rapids as their shop grows from typewriter to digital full service. They acquired Steadman Graphics last year adding 500000 to sales and aim for 2.8 million this year. Their services include color printing design laminating and signage.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
Bruce
Cheryl van Kerckhove
van Kerckhoves
Allegra
16Th Ave
Steadman Graphics
Jim Slosiarek
the Gazette
Allegra Corp
Allegra Printing & Imaging
Insty Prints
Chelle Bennett
Hardee's owner sells 18 stores in Cedar Rapids Des Moines
CKE Restaurants Inc parent of Hardee's sells 18 Cedar Rapids and Des Moines restaurants to Westar Foods. Edgewood Road NW location closed at 8 p.m. Monday due to low sales. Five new Hardee's locations are planned over six years in the Cedar Rapids and Des Moines markets.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
CKE Restaurants Inc
Des Moines
Westar Foods
First Ave
Sixth St
Miller Ave
Edgewood Rd
Hardee's
Blake Ferry Rd
Seventh Ave
Marion
Jerry de Maris
Westar
Jeff Mochal
Hardee’s
St. Louis
Edgewood Road NW
PLC
Acton
Mocha
CKE Restaurants
Carpinteria
Calif
CKE
Tates
Carl’s Jr
Boomerang living at home reshapes grads finances
A Monster Survey shows about half of the 2007 graduates plan to move back with parents and four in ten 2006 graduates still live at home. Experts say set clear financial expectations, discuss costs like rent and incidentals, and aim to save for independent living while balancing debt and retirement goals.
MENTIONED IN THIS ARTICLE
Diana Brass Gay
Merrill Lynch
St. Paul
Minn
Tim
North Oaks
Barb
John
Balfantes
John Ballant
Brass Gay
Jay
Kim
Also Mentioned on This Page
DuPont
15Th St
Williams
C.R. Caney
Dubuque & Market
1.C
Coralville
Bar Alternatives
David.dewicta
Gazettecommunications.com
Bayle
Makerson Business Planning
C.R
By Martone Lucas
Hardee
D.M
Oorge Ford
Gazettecommunioptions.com
Kara McGuire
Minneapolis Star Tribune
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