Wall Street Falls as Oil Holds High Prices
Wall Street tumbled as oil surged to 138.30 a barrel and then settled at 136.38. The Dow dropped 205.99 to 12083.77, the S P 500 fell 22.95 to 1335.49, and the Nasdaq slid 54.93 to 2394.01 amid inflation fears and higher energy costs. American Airlines raised fuel surcharges by 20 dollars per round trip on many routes as jet fuel costs remain near record highs.
MENTIONED IN THIS ARTICLE
Wall Street
New York Mercantile Exchange
Standard & Poor
American Airlines
Tim Wagner
American
Casey's General Stores Reports Q4 Earnings Drop
Casey's General Stores posted a 13 percent drop in fiscal fourth quarter profit. For the quarter ended April 30 the Ankeny based chain earned $14.4 million or 28 cents a share, down from $16.6 million or 33 cents. Revenue rose 20 percent to $1.2 billion as gas sales at stores open a year fell 2.5 percent due to higher fuel prices. Analysts expected 25 cents per share on $1.19 billion in sales.
MENTIONED IN THIS ARTICLE
Casey’s General Stores
Thomson Financial
Gas price survey across Corridor shows varied rates
A selective survey of gas prices as of yesterday afternoon lists stations in Dubuque Market streets Iowa City and E 1st Avenue Coralville. Prices range from 2.98 to 4.15 with several stations near 4.00.
MENTIONED IN THIS ARTICLE
Dubuque & Market Streets
Iowa City
1St Avenue
Coralville
Genencor Breaks Ground on Cedar Rapids Center of Excellence
Genencor breaks ground for a $4.6 million Applications and Training Center of Excellence adjacent to its bioproducts plant in southwest Cedar Rapids. The 20 000 square foot facility will train staff and customers and create about 20 new jobs while expanding enzyme applications in fuel ethanol and carbohydrate processing markets.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Genencor
41St Avenue Drive
Glenn Nedwin
Nedwin
Tjerk de Ruiter
Iowa
de Ruiter
Mark Seckman
Priority One
Genencor Applications and Training Center
Seckman
Hamlet Protein of
Denmark
Hamlet Protein
41St Ave. Dr. SW
Flood fears close Cedar Rapids plants as 24.5 foot crest looms
Cedar Rapids faces a record Cedar River crest as Diamond V Mills Swiss Valley Farms and Quaker suspend or evacuate operations. CEO John Bloomhall says the flood could be catastrophic while Universal Engineering and other downtown manufacturers send workers home amid road and bridge closures. Plants sandbag and protect assets as power and gas supplies threaten continuity. evacuations target the Diamond V and Swiss Valley complexes with about 70 employees affected.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Edar Rapids
Quaker
Cedar Rapids
Diamond V Mills
Swiss Valley Farms
Cedar River
John Bloomhall
Universal Engineering
Dan Ferguson
Flooding blocks Cedar Rapids rail grain shipments
Floodwaters have left tracks under water and damaged lines blocking grain shipments into Cedar Rapids. The CRANDIC line to the Amana Colonies and the Iowa Northern segment from Waterloo to Cedar Rapids are shut, with washouts and a flooded bridge near Penford Products. Trucks will carry grain as lines remain closed. prices rose to 6.63 per bushel at Cedar Rapids plants.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Iowa City
Amana
Iowa River
Crandic
Jeff Woods
Iowa Northern Railway
Waterloo
Vinton
Palo
Cedar River
Crandic’s
Penford Products Co
CN Railway
Iowa
Patrick Waldron
Cedar Falls
Union Pacific Railroad
North Central
Dan Sabin
ADM
Penford
Tama
Mark Davis
David
Dewitte
Gazcomm
Credit card rewards have drawbacks and benefits
McGuire on Money notes credit cards aid tight budgets with cash back oil changes and gift cards but warn complex rules limits. Studies by Bankrate and Consumer Reports flag caps tiered rewards and low value for many. Levitin argues rewards are subsidized by low income consumers through card fees.
MENTIONED IN THIS ARTICLE
Consumer Reports
Bankrate. Com
Bankrate.com
Adam Levitin
Georgetown Law
Harvard
Journal On Legislation
Levitin
American Express Centurion
Visa
Also Mentioned on This Page
Energy Department
AIR Travel
Casey’s
First Ave
15Th St
Williams Boulevard
George.ford
Gazcomm.com
C.A
Diamond V
Bloomhall
Swiss Valley
Spur Millwork
First St. NW
Sign
Village Bank
Paul Nielsen
Springville
Ernie Buresh
Liz Martin
Little Bohemia
Third Street
14Th Avenue
G.R
McGuire ON
MONEY
Kara McGuire
Minneapolis Star Tribune
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!