Markets hit four year highs on strong earnings
The S&P 500 rose 6.93 to 1,243.72 and the Nasdaq advanced 12.22 to 2,198.44, both at four year highs as DaimlerChrysler and Bristol-Myers Squibb helping lift investor confidence. The Dow gained 68.46 to 10,705.55, its highest since March 15.
MENTIONED IN THIS ARTICLE
Standard & Poor
Mortgage rates rise for fourth consecutive week
Mortgage rates rose for a fourth straight week as data suggested stronger economic momentum. Freddie Mac reported the 30-year fixed at 5.77 percent, up from 5.73 percent. 15-year fixed at 5.34 percent, up from 5.32 percent. one year adjustable at 4.46 percent, up from 4.42 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Credit card penalties rise as late payments and fees surge
A Consumer Action survey finds penalty rates have climbed to 24.23 percent from 21.91 percent, with late payments and overlimit charges driving higher costs. Average late fees exceed 27 dollars, bounced checks near 29 dollars, and overlimit balances accrue about 30 dollars in fees.
MENTIONED IN THIS ARTICLE
Consumer Action
Deere Invests in Rural Wind Energy Development
Deere & Co announced equity investments in multiple rural wind energy projects and formed a new unit to provide project development, debt financing, and related services. The unit will be managed by John Deere Credit, and Deere stated it has no plans to manufacture wind turbines.
Rockwell Collins lifts 2005 forecast on higher sales and profits
Rockwell Collins reports fiscal Q3 2005 earnings of 56 cents a share on 101 million dollars, with sales up 20 percent to 890 million. The firm raises full year earnings guidance to 2.15 to 2.20 dollars per share and boosts pension contributions using strong cash flow.
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The
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Cedar Rapids
Rockwell Collins
Clay Jones
Collins
Teldix
U.S
Iraq
Afghanistan
U.S. Army
Navy
al Positioning System
Collins’ Commercial Systems
Jones
Soybean yields improved by smarter farming practices
Iowa State University agronomist Palle Pedersen warns growers to avoid laziness in boosting yields. Early planting with coat ed seed, careful variety selection, and timely weed control curb losses from nematodes and weeds. Experts note diseases and rust will prompt field scouting for better management.
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Mariene Lucas
Gazette Keystone
Palle Pedersen
Iowa State University Soybean Agronomist
Syngenta Learning Center
Keystone
Pedersen
Iowa
Tve
North America
Unemployment Steady in Cedar Rapids and Iowa City MSA June
June shows no change in unemployment in the Cedar Rapids Iowa City metro areas. Statewide rate falls to 4.6 percent, tied with Linn County, while U.S. rate sits at 5.0 percent the lowest since September 2001. Lee County peaks at 6.4 percent.
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U.S
Dave DeWitte
Gazette
Cedar Rapids
Iowa City
Johnson
Linn County
Ernecanall, oAtat
Scascmauy Agjyus
Dubuque and
Sioux City
Des Moines
Waterloo
Lee County
Lowe's to open store in northeast Cedar Rapids
Lowe's Companies Inc will build a 116000 square foot store on Blairs Ferry Road NE between Wal-Mart and the First Assembly of God Church. Construction should begin within weeks with a spring 1997 opening, employing 100 to 150 workers. The project follows land rezoning and site plans approved for the Busse Investments property.
MENTIONED IN THIS ARTICLE
George C. Ford
Tne
Cedar Rapids
Lowe’s Companies Inc
Mooresville
N.C
Blairs Ferry Road
Wal-Mart
Blairs Ferry Rd
First Assembly of God Church
Jeff Flattery
JEM Site Development Co
Flattery
Don Pfeifer
NEI Iowa Realty Commercial
Lowe’s
Busse Investments Inc
APAC to lay off 75 in Cedar Rapids with 125 jobs moved
Cedar Rapids APAC Customer Services Inc. will lay off 75 employees mainly in information technology and related roles while transferring 125 call center jobs to Cedar Rapids. The company will convert a floor to call center space and expects the transition to finish by year end, reducing Cedar Rapids staff from 300 to 225.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Apac Customer Services Inc
Mark McDermott
Deerfield
Ill
McDermott
APAC
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