Wall Street Emphasizes Rates After Weak 10-Year Sale
Stocks slipped as the government sold 19 billion in 10 year Treasuries in a weak auction. The Dow fell 24.04 to 8739.02, the S&P 500 dropped 3.28 to 939.15, and the Nasdaq declined 7.05 to 1853.08 amid higher yields and bid competition. Procter & Gamble names Bob McDonald as soon to be CEO, replacing A G Lafley on July 1, aiming to double sales with more products in India, Africa and beyond.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury
Standard & Poor
New Procter & Gamble Co
Bob McDonald
India
Africa
McDonald
A.G. Lafley
Iowa City
Fiat closes deal for most Chrysler assets
Fiat completes acquisition of most Chrysler assets creating Chrysler Group LLC under Fiat CEO Sergio Marchionne. The new company is not in bankruptcy protection, aims to reopen idled factories, and ends billions in debt while shedding underperforming dealerships and heavy labor costs.
MENTIONED IN THIS ARTICLE
Italy
Fiat
Chrysler
U.S
Chrysler Group LLC
Chrysler LLC
Sergio Marchionne
Trade adjustment aid boosts workers with imports impact
The U S Labor Department released 455.6 million in extra trade assistance funding under the American Recovery and Reinvestment Act. Iowa receives 9.1 million to fund career training employment and case management for workers laid off due to outsourcing and foreign trade. total program funding rises from 220 million to 575 million.
MENTIONED IN THIS ARTICLE
U.S. Department of Labor
Iowa
SBA loan restructuring offered to flood victims in Cedar Rapids
Cedar Rapids small business disaster loan recipients from the 2008 flood can seek restructuring help as letters go out June 22. The Kirkwood Community College center will assist with SBA counsel and financial experts to review loan terms, potentially extending repayment to 30 years or creating a two tier plan. Appointments will be scheduled, with three two member teams handling expected demand through July.
MENTIONED IN THIS ARTICLE
Dave DeWitte
da Gazette
Cedar Rapids
Chamber of Commerce Small Business Task Force
Iowa
Iowa Department of Economic Development
SBA
Kirkwood Community Colle
Small Business Development Center
Westdale Mall
Seventh Street
First Avenue SE
al Beachard
Beach
Fort Worth
Texas
Time clock firm changes hands in January sale
Lori Janusz bought JL Time & Attendance Co in January after consulting with the firm post flood. The 1968-founded company sells and repairs time stamp machines used by the county and other offices, offers a Web based payroll system, and promotes linking clocks to payroll for efficiency. Janusz aims to modernize clients by integrating time clocks with payroll, noting many businesses still rely on traditional time cards and clocks.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Lori Janusz
JL Time & Attendance Co
Second Ave
Janusz
Jim Slosiarek
Marion
Tiny cars show high repair costs after low speed crashes
The Insurance Institute for Highway Safety found microcars like the 2009 Kia Rio and Smart fortwo incur repair bills from 474 to 3701 dollars after 3 to 6 mph crashes. The Rio averaged 2705 dollars, while the fortwo averaged 899. Other models ranged from 1155 to 214? erreurs.
MENTIONED IN THIS ARTICLE
Washington
Insurance Institute For Highway Safety
Institute
Vacationing cheap this summer smart money tips
Erin Burt of Kiplinger.com shares practical ways to cut costs for a summer trip. Travel close to home to save on transport and lodging, seek day trips, and even explore hometown sites. Choose affordable lodging, cook meals to cut food costs, and pick destinations with inexpensive entertainments and free attractions.
MENTIONED IN THIS ARTICLE
Erin Burt
Kiplinger.com
Orlando
Fla
Washington
Smithsonian Museums
Capitol Building
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Dow Jones
Procter & Gamble
Auto Industry
Bob
David. Dewitte
Gazcomm.com
Hicles
Joe Nolan
Nolan
Marshall Loeb Marketwatch
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