Wall Street Drops as Dow S&P Nasdaq Fall Sharply
The stock market sank Friday with the Dow down 208.10 points to 13,265.47 and the S&P 500 at 1,458.95 after two straight down days. The Nasdaq slid 37.10 to 2,562.24 as investors feared higher borrowing costs for companies and homeowners. Joe Nacchio, former Qwest CEO, was sentenced to six years in prison for illegal stock sales, must forfeit $52 million, faces a $19 million fine and two years probation.
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Wall Street
Standard & Poor
Joe Nacchio
Qwest Communications
Nacchio
Economy Grows at 3.4 Percent in Second Quarter
The Commerce Department reports the economy expanded at a 3.4 percent annual rate in the second quarter. Businesses increased spending and stronger overseas sales helped lift overall performance.
MENTIONED IN THIS ARTICLE
Commerce Department
Clear Channel earnings rise on billboard sales
Clear Channel Communications earned 236 million in the second quarter up 19 percent from a year earlier as outdoor advertising drove growth. The San Antonio based company, parent of WMT AM and FM, KMJM AM Cedar Rapids, and KXIC AM and KKRQ FM Iowa City, reported second quarter revenue of 1.8 billion, up from 1.7 billion.
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Clear Channel Communications Inc
WMTAM
Wmt-Fm
Kmjm- AM
Cedar Rapids
Kxic-Am
Kkrq-Fm
Iowa City
Gazette, News Services
Iowans Split by Party Over Farm Bill Passage
The U.S. House approved a 286 billion farm bill on a 231 to 191 vote amid Iowa members split along party lines. Republicans praised more conservation and bioenergy funding, while subsidies for corn and soy growers remained. critics warned about job losses and offshore tax provisions affecting this state.
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The
Gazette
Washington
Iowa
House
Lloyd Doggett
Texas
Agriculture Committee
Bush
Boswell
Caribbean
Latham
Cedar Rapids business owner learns to cut costly ads
Angela Flender of Advanced Center for Electrolysis, Laser & Skin sought help from a business coach to boost efficiency and revenue. They found that about 75 percent of clients came from Cedar Rapids, while $3,800 monthly in phone-book advertising rarely paid off, prompting scaling back and saving around $20,000.
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Gazette Edar Rapids
Angela Flender
Flender
Advanced Center
Dianne Young
Iowa
Nebraska
Young
Cedar Rapids
Mark Tade
the Gazette
Advanced Center For Electrolysis
ActionCoach
Distinguishing qualified planners from product pushers
Financial planning experts warn that many boomers seek guidance for retirement but may fall prey to advisers who push products. A proper adviser should request tax returns for tax-accurate advice, conduct a financial diagnostic, offer current updates, and allow easy divestment to align with client interests.
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Arly
Robin Davis
Davis
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15Th St
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Williams Blvd
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Southwest
Lisbon
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Trus
ICG
Aro Eon As
United States
Leonard Boswell
Tom Latham
Senate
Steve King
U.S
Bruce Braley
Dave Loebsack
Tom Harkin
Mmva
Aol
By Janet Borholm
Janet. Rorholm
Gazettecommunications.com
Marshall Loeb MarketWatch
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