Wall Street slips as Bernanke signals slow growth
Wall Street declined on Tuesday after Federal Reserve Chairman Bernanke’s remarks and a strong services sector read raised doubts about near term rate cuts. Jim Herrick of Baird & Co said investors fear potential rate hikes later this year as the Dow dropped 80.86 to 13,595.46 and the S&P 500 fell 8.23 to 1,530.95.
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Dow
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Bond Market Grips U.S. Treasuries After ISM Boosts Growth
A robust ISM services reading spurred selling in U.S. Treasuries on Tuesday. The two year note yielded 5 percent, a nine month high, while the 10 year slipped about 4.69 dollars per laddering thousand, reflecting expectations no rate cuts soon.
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U.S
U.S. Treasury
Treasury
Institute For Supply Management
Travel Airlines Boost Fares Across Markets
Continental Airlines raised one way fares by five dollars in advanced-purchase seats and ten dollars for last minute seats on about thirty percent of top U.S. markets late Monday. American Delta Northwest United and US Airways matched on overlapping routes, prompting a fifth industry fare increase this year said Rick Seaney chief executive of farecompare.
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Continental Airlines Inc
U.S
Farecompare.com
American Airlines
Delta Air Lines
Northwest Airlines
United Airlines
US Airways
Rick Seaney
Ebay to auction radio ads via Bid4Spots partnership
Ebay Inc will begin taking bids for radio advertisements on Wednesday in a push to extend online auctions into offline media. The firm teams with Bid4Spots Inc to offer advertisers the chance to bid on commercial time across more than 2,300 Internet and terrestrial radio stations, mainly for last minute spots, on the Ebay Media Marketplace.
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Ebay Inc
Bid4Spots Inc
Encino
Fed chief sees rebound despite housing slump forecast
Fed Chairman Bernanke predicts the economy will rebound from a slow start and grow at a moderate pace through the year, even as the housing downturn persists. Wall Street eased after the remarks, stocks fell and rate cuts were deemed unlikely with the next Fed meeting set for late June.
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Washington
Federal Reserve
Ben Bernanke
Bernanke
Fed
To Wing sculpture soars at Eastern Iowa Airport dedication
Sculptor Tom Stancliffe's stainless steel sculpture group To Wing stands 35 to 60 feet tall along Wright Brothers Boulevard at The Eastern Iowa Airport. The half million dollar project grew to 680000 with a 350000 grant from the Iowa Department of Transportation and support from public and private sources. Randy Parks led Cedar Rapids Visual Arts Commission with major backing from donors and the arts community.
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Dave DeWitte
Gazette
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Wright Brothers
Stancliffe
University of Northern Iowa
Cedar Rapids
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Iowa Department of Transportation
New Hartford
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Iowa Department of
Kay Halloran
Randy Parks
Visual Arts Commission
Parks
General Mills lowers prices per ounce by smaller cereal boxes
General Mills said cereal prices would rise to match rivals, but smaller boxes mean customers pay more per ounce while seeing lower shelf prices. Bear Stearns analyst downgraded to neutral, citing volume risks as shares fell about 3.4 percent to 59.40.
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Minneapolis
General Mills Inc
General Mills
Tom Forsythe
Bear Stearns
Terry Bivens
Consolidating College Debt Across The Federal Landscape
Jen Sandquist nears completion of a master’s in advocacy and leadership at the University of Minnesota Duluth and faces about $50,000 in loans. Lenders push consolidation with gifts and rebates, while a July 1 rate shift nudges borrowers to weigh fixed versus variable terms and potential savings.
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Jen Sandquist
University of Minnesota Duluth
Sandquist
Department of Education
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