Wall Street closes strong after inflation, oil drop ease fears
Stocks rise as inflation readings and lower oil prices ease consumer price worries. The Dow gains 165.77 points to 12,307.35, the S P 500 up 20.16 to 1,360.03, and the Nasdaq climbs 50.15 to 2,454.50. Deere says Waterloo tractor output remains unaffected by floods. main factory ramping on normal summer shutdown.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Deere & Co
Waterloo
John Deere Waterloo Works
Deere
Oil slips to 135 as OPEC questions price
Oil drops to 135.25 a barrel after OPEC lowers its 2008 demand forecast to 86.9 million bpd up 1.28 percent. The dollar strengthens versus the euro as markets reassess whether crude can stay high. MidWestOne Financial may delay its annual meeting due to flooding in Coralville Iowa City area.
MENTIONED IN THIS ARTICLE
OPEC
New York Mercantile Exchange
MidWestOne Financial Group Inc
Iowa City
Iowa State Bank & Trust
First State Bank of Conrad
Coralville Marriott
Coralville
Mid- WestOne
Sheraton
Gas Price Survey for Corridor Markets
A selective survey shows gas prices in the Corridor updated yesterday afternoon. Prices are rounded to the nearest cent.
Few C R homeowners lack flood coverage in flood prone area
Insurance agents report most homeowners in Linn and Johnson counties do not have flood insurance. FEMA backed NFIP offers up to 250000 for home damage and 100000 for contents, but few carry it. Experts urge awareness of sewer backup coverage and state help lines for claims.
MENTIONED IN THIS ARTICLE
State Farm
Doug Valentine
Linn
Johnson
Valentine
Pat Kappes
State Farm Insurance
Cedar Rapids
Iowa
FEMA
Kappes
Marion
Tom Mark
Mark
Downtown Cedar Rapids businesses face flood loss and uninsured ruin
Downtown Cedar Rapids business owners describe uncertain futures after flooding destroyed shops. Curt Bean of Mr Beans and Mike Monahan of The Blue Strawberry report heavy water damage, power loss, and no insurance coverage. They fear costly rebuilds and inventory losses while awaiting assistance.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Janet Borholm
Gazette
Cedar Rapids
Curt Bean
Mr. Beans
Third Ave. SE
East Post Rd
Marion
Bean
Mike Monahan
Blue Strawberry
Second St. SE
Ham
Downtown Cedar Rapids seeks temporary space for flooded businesses
The Cedar Rapids Downtown District plans an inventory of temporary relocation spaces near downtown to keep businesses and cultural attractions connected. CEO Doug Neumann says about 10 000 employees have been displaced and 13 000 work in the greater downtown area with two hospitals nearby.
MENTIONED IN THIS ARTICLE
Fourth Avenue
Fifth Street
Cedar Rapids
Central Business District
Ine Gazette
Doug Neumann
Neumann
Seventh
10Th Streets
Also Mentioned on This Page
MidWestOne
First Ave
15Th St
Williams Boulevard
Casey's
Dubuque & Market Streets
First Avenue
Muo
Hillsbk
Hilsbank.com
FDIC
Liz Martin
the Gazette
Cedar River
Linn County
C.R
Iowa Insurance Division
Iid.state. Ia
David.dewitte
Gazcomm.com
Janet.rorholm
Monahan
Cliff Jette
By Dave DeWitte
Kirkwood Community College
Hillsbankdirect.com
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