Markets Flat After Weak GDP Data And Mergers Hype
U S stocks drifted with the Dow falling 4.44 to 13,627.64 while the S P 500 edged up 0.39 to 1,530.62 and the Nasdaq rose 11.93 to 2,604.52. Advancers led decliners 3 to 2. Victor Plastics workers in Kalona may seek Trade Adjustment Assistance and Alternative TAA under programs for those laid off on or after April 26, 2006, administered by the Labor Department.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Victor Plastics
Kalona
U.S
Chuck Grassley
A-Iowa
U.S. Department of Labor Employment and Training Administration
Mortgage rates climb to eight month high
Freddie Mac reports 30-year fixed rates at 6.42 percent, up from 6.37, marking a third straight weekly rise. 15-year fixed at 6.12 percent, 5-year ARM at 6.19 percent, and 1-year ARM easing to 5.57 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Iowa Precision workers ratify 3 year contract
Iowa Cedar Rapids facility Iowa Precision Industries employees ratified a new three year agreement approved by Sheet Metal Workers Local 263. The union represents about 60 workers and had rejected the company last best and final offer over pay equity between older and newer hires. The previous contract expired at midnight Thursday.
MENTIONED IN THIS ARTICLE
Iowa Precision Workers
Iowa Precision Industries
Cedar Rapids
Sheet Metal Workers Local 263
Wachovia to Buy A.G. Edwards for 6.8 Billion
Wachovia Corp will acquire A.G. Edwards for 6.8 billion dollars creating the nation’s second largest retail brokerage. The Cedar Rapids and Coralville branches will join Wachovia’s expanded brokerage network as the bank boosts its financial services amid consolidation pressures from larger rivals.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Wachovia
A.G. Edwards
Bank of America
Wachovia Corp
Prudential Financial
Wachovia Securities
St. Louis
Charlotte's
Bank of America Corp
US Trust
Charles Schwab Corp
Golden West Financial Corp
California
Cutting class and middle-class decline, University expert says
University of Iowa professor Kevin Leicht contends in Postindustrial Peasants that middle-class prosperity has faded. Deregulation enabled interstate banking and expanded credit, fueling debt and lifestyles beyond earnings as households borrow to fund bigger homes and more cars.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
University of Iowa
Kevin Leicht
Corgrie
Leicht
United States
Middle class under pressure from debt and unstable jobs
Leicht argues lenders push risky consumer loans with high rates, eroding midclass life choices and delaying education and career changes. The book notes fewer long term benefits like health insurance and retirement savings, with Iowa showing less visible impact. Co author Scott Fitzgerald. Leicht plans another book on inequality. Contact: David Dewitte.
MENTIONED IN THIS ARTICLE
Leicht
Iowa
Scott Fitzgerald
University of North Carolina
United States
VIDA Diagnostics lands $950000 equity commitment
VIDA Diagnostics Inc a Coralville based medical imaging software firm in the Oakdale incubator secured $950000 in equity funding from Iowa First Capital Fund Tl LP via Corridor Management Co. in Cedar Rapids The investment is staged 300000 upfront 300000 upon patent grants and 300000 in a second round The funds aim to help commercialize lung analysis software Pulmonary Workstation Plus used at Johns Hopkins Stanford UBC and US centers with partners in lung therapy and pharma.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Coralville
University of Iowa
Oakdale Business Incubator
Iowa First Capital Fund
Tl LP
Corridor Management Co
Cedar Rapids
John Garber
Vida Diagnostics
Garber
Dennis Wangeman
Corridor Management
Jim Nikrant
Mark Drish
Iowa
VIDA
Wangeman
Johns Hopkins
Stanford
University of British Columbia
Graduation Gift Etiquette For Grads And Parents
Advice on gift etiquette for graduates recommends minimal gifting beyond a card when possible. If giving, consider practical gifts like gift cards or dorm room staples, plus time with a financial planner. For long-term support, open an investment account or provide a small gift certificate. finish with thank you notes, a pen, and stamps for parents.
MENTIONED IN THIS ARTICLE
Amanda Gamble
Bed Bath & Beyond
Target
ShareBuilder.com
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LABOR
Gazelle
15Th St
C.R
Williams Blvd
C.R. Casey's
Dubuque & Market
C. BP
Michael Poulos
North American Re
Oliver Wyman
Third Ave
12Th Ave
Second St
Ken Thompson
David Dewitte
Gazettecommunications.com
Vida Diagnostics Inc
Carver College of Medicine
George Ford
Money Advice
Portfolio Starters
Steve Hosen
Kansas City
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