Mixed Stocks End Higher on Dow Gain Near 12,280
Wall Street closed mixed as banks and energy costs kept nerves high after last week’s swoon. The Dow rose 70.51 to 12,280.32 while the S P 500 inched up 1.08 to 1,361.76 and the Nasdaq fell 15.10 to 2,459.46. Exide Technologies swung to a profit with 26 percent sales growth for 2008.
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Wall Street
Standard & Poor
Exide Technologies
Atlanta, Ga
Treasury Bill Rates Edge Higher in Monday Auction
The Treasury sold 24 billion dollars of three month bills at a 1.850 percent discount rate up from 1.820 percent and 24 billion dollars of six month bills at 2.050 percent up from 1.950 percent. Three month bills priced at 9 953.24 for 10 000 and six month at 9 896.36. The annualized rates are 1.885 percent for three months and 2.100 percent for six months.
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Treasury
Treasury Department
Teamsters Strike 1250 PTS Workers Across 15 States
About 1,250 Teamsters represented employees of Performance Transportation Services Inc. who walked off Monday across 24 sites in 15 states. They protested a 15 percent pay cut approved by a bankruptcy judge, and unfair labor practices. PTS Chief Executive Jeff Cornish says cuts are needed as the Allen Park Michigan company reorganizes under bankruptcy protection.
MENTIONED IN THIS ARTICLE
Teamsters
Gas price survey notes Corridor costs yesterday
A selective survey of gas prices in the Corridor shows yesterday afternoon figures with prices rounded to the nearest cent. The report cites a low price today in 2007 of $3.08 per gallon.
Restaurants and stores pull tomatoes amid salmonella warning
Following an FDA alert linking tomatoes to a salmonella outbreak, area restaurants and retailers pulled raw tomatoes from shelves and menus. The advisory covers several growing regions and international sources. some outlets allow tomatoes from safe areas or greenhouse grown. No deaths reported. 145 cases in 16 states with at least 23 hospitalizations.
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U.S. Food and Drug Administration
Saint Paul
Iowa
Don McCormick
Hy-Vee Food
Chris Friesleben
Wal-Mart
Sam’s Clubs
Melissa Phelps
Cedar Rapids
Taco Bell
First Ave
AEGON
Cindy
Hadish
Gazcomm.com
Dire crop outlook as floods hit Iowa fields
The Gazette reports a bleak outlook for Iowa's 2008 corn and soybean crops due to heavy rain and flooding. Farmers along the Iowa River, including Sharon and Robert Jacobs of Ladora, see extensive inundation on hundreds of acres with only limited field work possible this week.
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the Gazette
Iowa
National Agricultural Statistical Service
Iowa Crops & Weather Report
Sharon
Robert Jacobs
Ladora
Iowa River
Belle Plaine
Marengo
Iowa State University Extension
Jim Fawcett
Crop decision meeting on floods of 2008
Informational session at St. Mary's Church in Vinton about crop decisions as heavy rains hindered 2008 corn planting. Jim Fawcett of ISU Extension cautions against a record corn year, noting soggy fields may force shifts to soybeans and shorter season hybrids.
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St. Mary's Catholic Church
South Second Ave
Vinton
Jim Fawcett
Fawcett
Gasolines Reach $4 Per Gallon Across Corridor
Gas prices hit $4 per gallon for unleaded with ethanol at Canterbury BP Amoco in Coralville and rose to $4.15 for unleaded without ethanol. Cedar Rapids saw regular with ethanol up about 10 cents yet still below the $4 mark. Analysts warn prices may climb as oil rallies continue and market volatility persists.
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First Ave
15Th St
Cedar Rapids
Williams Boulevard
Dubuque & Market Streets
Iowa City
First Avenue
Coralville
George C. Ford
Gazette
Cantebury
BP Amoco
How to buy rental property in a down market
Consumer Reports outlines four tips for buyers: locate rental demand, review two to three years of income and expense statements, ensure rents cover expenses for positive cash flow, and consider tax effects including depreciation. Also stress the importance of careful tenant screening and credit checks.
MENTIONED IN THIS ARTICLE
Vito Simone
Simone Real Estate
Baltimore
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Perry Beaton
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Berber
Jim Slosiarek
Highway 1
Mount Vernon
ISU Extension
Iowa State University
Jim Jensen
ISU
Benton County
AAA
Oil Price Information Service
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Iowa Department of Natural Resources
Makila
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Kloza
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Marketwatch