Wall Street slides as financial fears deepen after gains
U S markets fell for a second straight day as concerns about the financial sector grew. The Dow dropped 100.97 points to 12402.85 while the S P 500 slid 8.02 to 1377.65 and the Nasdaq declined 11.05 to 2480.48. EMC Insurance forecasts lower earnings due to EF five tornados and spring storms.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Des Moines
Kan
Midwest
EMC Insurance
Bruce Kelley
Gas Price Survey in the Corridor
A selective survey of gas prices conducted yesterday afternoon shows varied rates across the Corridor with the low price today listed at 3.20 dollars per gallon. Prices are rounded to the nearest cent as of 2007 standards.
Alliant Energy to Switch to Soy Based Transformer Coolant
Alliant Energy plans to convert its distribution transformers to soy based FR3 coolant next year, seeking lower life cycle costs and safer, biodegradable cooling. The move follows UNI and Waverly Power & Light testing, with tax credits available for Iowa utilities using the soy coolant.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Ue Gazette
Iowa
Alliant Energy
Alliant
Interstate Power & Light
Wisconsin Power & Light
Wisconsin
Steve Schmidt
Cooper Power Systems
Uni
Versity
Waverly Light & Power
Waverly
Cargill
Glenn Cannon
Waverly Power & Light
Cannon
Step UP
Osage
Maquoketa
David
Dewitte
Gazcomm.com
Survival strategies for Corridor businesses amid rising fuel costs
The Gazette reports that while the country may not be in a recession, transportation firms in the Corridor suffer from diesel at 4.50 a gallon and rising. West Side Transport in Cedar Rapids downsizes fleets, raises focus on high paying clients, and improves service while not laying off staff. Experts advise diversifying clients and products, tracking monthly revenue by client, and using SWOT analysis to protect against revenue loss and keep top customers satisfied.
MENTIONED IN THIS ARTICLE
Janet Borholm
the Gazette
Bob Cieppe
West Side Transport
Cedar Rapids
Cieppe
Scott Hauser
RSM McGladrey
Richard Appleby
West Side Transport Inc
Southwest Cedar Rapids Company
Inflation weighs on Midwestern economy in May
A Creighton University survey shows the nine-state region's overall economic index falling to 49.6 in May from 55.5 in April, signaling a contracting economy over the next three to six months. The inflation index held at 92 despite easing from 93.1, with durable goods growth led by agriculture machinery.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Omaha, Neb
Midwestern
Plains
Creighton University
Creighton University Eco
Nomics
Ernie Goss
Iowa
Goss
Brokered CDs expose savers to uninsured losses after bank failure
Regulators closed ANB Financial in Bentonville Arkansas on May 9 leaving about 1.6 billion in brokered CDs stranded nationwide. Deposits moved to Pulaski Bank and Trust Co but brokered funds faced potential noninsurability while the FDIC works to compensate brokers. Consumers are urged to read disclosures and confirm which bank insures their brokered CD and whether totals stay within coverage limits.
MENTIONED IN THIS ARTICLE
ANB Financial National Association
Bentonville
Ark
ANB Financial
Pulaski Bank and Trust Co
Little Rock
Pulaski Bank
FDIC
Securities and Exchange Commission
Also Mentioned on This Page
Aquila
Aquila Inc
Iowa Utilities Board
Utilities Board
Parkersburg
EMC
First Ave
15Th St
Williams Boulevard
Dubuque & Market Streets
Iowa City
First Avenue
Coralville
Curt Nelson
Develop- Sai Center
Nelson
Hauser
Janet
Rorholm
Mark Tade
Arkansas
Kansas
Minnesota
Missouri
Nebraska
North Dakota
Oklahoma
South Dakota
Susan Tompor
Detroit Free Press
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