Wall Street Rally Eases as Data and Earnings Wane
U S stocks closed mixed with the Dow down 11.79 to 9096.72 and the S P 500 off 2.56 at 979.62 while the Nasdaq rose 7.62 to 1975.51. A House panel voted to ban corporate pay practices at financial firms that push inappropriately risky behavior, signaling progress toward curb on Wall Street compensation.
MENTIONED IN THIS ARTICLE
Standard & Poor
House
Barack Obama
Wall Street
House Financial Services Committee
Auction of RFK trucks and trailers in Cedar Rapids
VOCON Auctions of Des Moines to sell RFK Transportation equipment today at Hawk Eye Downs starting 10 a.m. Bids will be in person or online. RFK founder Robert Kazimour and Kazimour family leasing companies kept title after merging with West Side Transport, a merger that ended in arbitration.
MENTIONED IN THIS ARTICLE
RFK Transportation
Cedar Rapids
Hawkeye Downs
Vocon Auctions
Des Moines
Robert Kazimour
Kazimour
West Side Transport
Feds urge lenders to expand mortgage loan mods
Treasury HUD and FHA officials pressed 25 mortgage firms to boost trial loan modifications aiming for 500 000 by November. About 200 000 borrowers are currently in trial mods under a $50 billion program. Obama had projected 3 to 4 million homeowners reached. Firms would receive incentives for each borrower helped.
MENTIONED IN THIS ARTICLE
Administration
Barack Obama
Treasury Department
Department of Housing and Urban Development
Federal Housing Administration
Confidence Falls Again as Job Worries Overshadow Rally
The Conference Board reports July consumer confidence at 46.6 down from 49.3 in June, with economists expecting 49. Caution rises despite a stock market rally and housing gains, signaling concern over job security and dragging on back to school shopping. A Miami Beach going out of business sale by Posh is noted in brief.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
New York
Conference Board
Thomson Reuters
Job hunters face a labor jungle in a high unemployment era
Economists warn the jobless rate may climb above 10 percent, with a 9.5 percent current rate and 15 million unemployed. Experts say fear and desperation create poor strategies, weak resumes, and rushed decisions, while researchers urge targeted job searches for better matches.
MENTIONED IN THIS ARTICLE
Andrea Coombes
iowlatchy-Tribune
San Francisco
Cording
Bureau of Labor Statistics
Andrea Kay
Kay
Green completes SEC Group deal to push into Chicago market
Howard R. Green Co. buys SEC Group Inc., expanding to Chicago with 120 SEC Group staff across offices in Chicago McHenry Yorkville and New Lenox The combined firm will employ nearly 400 and center leadership includes SEC Group founder John Smith on the board and Ralph Russell aiding culture integration as Green eyes Illinois government transportation work and future Olympics related activity
MENTIONED IN THIS ARTICLE
Cedar Rapids
Chicago
Iowa
Windy City
Howard R. Green Co
SEC Group Inc
McHenry
Yorkville
New Lenox
Ill
Mike Daniel
Green Companies Inc
Howard R. Green
SEC Group
John Smith
Daniel
Ralph Russell
Green Companies
Illinois
Green
Illinois Department of Transportation
Department of Transportation
Moline
SEC
Dollar Cost Averaging as Nerve Calmer for Investors
Investors anxious after mass exodus seek a return strategy. Andrew Flamm and others weigh when to reenter the market and whether dollar cost averaging offers a safe, gradual path back from losses. The approach spreads purchases over months to reduce fear of another downturn, though no guarantees exist.
MENTIONED IN THIS ARTICLE
Andrew Flamm
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C.R. Trucking Firm
Feds
TheLadders. Com
Citizens Bank Park
Philadelphia
HR Green
George.ford
Gazcomm.com
Gail
Marks Jarvis
Chivage Tribune
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