Social Security Begins Debit Card Payments for Some
The Treasury says over 4 million Social Security and SSI recipients without bank accounts will receive prepaid MasterCard debit cards instead of paper checks. The card offers cash withdrawals, bill payments, and purchases with a personal PIN, and aims to save about 42 million in taxpayer funds.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Judith Tillman
Financial Management Service
MasterCard
Tillman
Lehman Brothers Reports First Ever Quarterly Loss
Lehman Brothers projects a second quarter net loss of 2.8 billion dollars, about 5.14 per share, as asset write downs and trading losses hit hard. The firm plans to raise 6 billion in capital via 4 billion in common stock and 2 billion in convertible preferred shares, with full results due next Monday.
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New York
Lehman Brothers
Wall Street
Lehman
Bear Stearns
Federal Reserve
Airlines roll back weekend fare increase
Major airlines reversed a weekend price hike, marking the first broad pullback after multiple attempts. American Airlines initiated the $20 round trip rise, with United and Delta quick to follow. Continental also matched then backed off for competitive reasons, signaling cautious demand.
MENTIONED IN THIS ARTICLE
New York
AMR Corp
American Air
Apple unveils faster cheaper iPhone with 3G and satellite nav
Apple introduces an upgraded iPhone with faster Internet and satellite navigation. The 8 GB model debuts at $199 on July 11, while the 16 GB model is $299. Initial rollout spans 22 countries with carrier deals in 70 nations. AT&T pricing starts at $39.99 monthly plus $30 for unlimited data, a $10 rise from the first generation.
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Microsoft
Citlorp
Ishr2k Nya
Apple Inc
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Intel
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SP Engy
Dell Inc
Trea- Pfizer
ProultFin
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GenElec
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AMD
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HomeDp
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Honwilind
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Allstate NY
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Altrias
ikonOffSol
ProdGam NY
Ameren
Intel Nasd
G NY
Va Sé
AmCapStr Nasd
Intermec NY
Prudents NY
AE NY
IntPap NY
QwestCm NY
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Jpmorgch NY
Annaly
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RF Micd
Kindmm NY
Raytheon NY
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RedRobin Nash
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BP PLC NY
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LeeEnt
SLM Cp
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Lockholm
SealAir
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QTR
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Penford
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WA Mull
Frdgcct G
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Weyerh
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Marioni
American Funds
Amcapa m
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Fidelity
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InvCoAmAm
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San Francisco
Apple
At&t Inc
U.S
Iowa Storms Drive About 160 Million in Insurance Claims
Storms across Iowa during Memorial Day week produced roughly 160 million dollars in insurance claims. About 10,000 claims were filed with insurers, including a Parkersburg tornado that killed eight. Grinnell Mutual led in Parkersburg losses with 37.5 million, while EMC and United Fire & Casualty reported multi million estimates.
MENTIONED IN THIS ARTICLE
DES (Moines
Bell Iowa Durin
Insurance Services Office
Parkersburg
Iowa
Grinnell Mutual
Des Moines
Ihe
United Fire & Casualty
Cedar Rapids
United Fire
State Farm Insurance
Corn Emergence Slowed By Floods and Wet Fields in Iowa
Farm managers report 9 percent slower corn emergence with 30 percent of northeast Iowa corn losses tied to flooding and planting delays. Some fields still soggy. statewide emergence sits at 89 percent for corn and 63 percent for soybeans, well below normal. Farmers weighed flood damage and late planting versus opportunity to plant during brief dry spells.
MENTIONED IN THIS ARTICLE
Mark Grosskruger
Bellevue
Cornelius Seed Corn
Iowa
Dennis Uthof
Hertz Farm Management
Mount Vernon
Uthos
Uthol
Fawcett
Linn
Johnson
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DOW S&p
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David.dewitte
Gazcomm.com