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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 12, 2007
Page
11
Stocks closed mixed with the Dow edging up 0.57 points to 13,424,596 while the Nasdaq Composite slipped 2.39 points to 2,572.15. Advancers barely outweighed decliners on the New York Stock Exchange as high bond yields discouraged further recovery from last week’s losses.
Richard Notebaert announced plans to retire as chairman and chief executive officer of Qwest Communications. The Denver based telecom said he will leave after a replacement is chosen by the board as shares fell about 8 percent following the announcement.
MidAmerican Energy Corp agreed to pay 27500 in fines after Iowa officials said the company failed to obtain air quality construction permits for work at the Council Bluffs Energy Center. The Iowa attorney general’s office filed suit alleging 11 emission points were built and operated without required reviews or permits from the DNR.
The Treasury sold 14 billion dollars of three month bills at 4.640 percent, down from 4.710 percent, and 14 billion dollars of six month bills at 4.765 percent, down from 4.790 percent. Three month bills priced at 9,882.71 per 10,000 and six month at 9,759.10 per 10,000, reflecting discount pricing. Gazette and wire reports.
A random survey of gas prices in Comdor as of yesterday afternoon reports prices rounded to the nearest cent. Local motorists compare stations and note small variations in state and local taxes. The item outlines typical price ranges and mentions possible seasonal shifts.
The Environmental Working Group posted 2005 farm subsidy recipients revealing individuals who received payments, not just organizations. Greenview Farms tops Iowa with 879,535 split among six individuals and entities, with Linn and Johnson counties listing leading individuals such as John Monier, Joel Grabin and Joan Welsh Grabin.
TitanTV Media introduces TitanCast, a system that embeds a network of programming on more than 1,000 local station Web sites after a local commercial. It lets viewers access national and local content, with targeted ads increasing revenue for stations. TitanCast positions include senior leaders Effron and Perry, noting broader Internet driven TV options.
Financial adviser Bill DeSharko argues against notebook excuses and urges automatic saving, noting two saver types and urging at least $25 per paycheck into a 401 k or savings, while trimming small daily expenses and maintaining debt payments for security.
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