Wall Street Gains Led by Dow Two Day Surge
Wall Street rose Thursday with the Dow up 71.37 points to 13,553.72, the S&P 500 at 1,522.97 and the Nasdaq 2,599.41 as advances outnumbered decliners. The Small Business Administration unveiled Patriot Express, a new loan program for veterans and military families offering up to 500,000 dollars with guaranties up to 8.5 percent for small loans and 75 percent for larger loans. Loans above 330,000 require full collateral.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
The
Small Business Administration
Patriot Express
SBA
Immigration reform letters target H1B fraud and foreign workers
Sen. Grassley and Sen. Durbin pressed Emilio Gonzalez of USCIS with questions about fraud and abuse in the H1B visa program for specialty occupations. They previously asked nine foreign-owned companies to disclose H1B usage and cited responses showing American workers appear in the minority.
MENTIONED IN THIS ARTICLE
Chuck Grassley
Alowa
Dick Durbin
D-1
Emilio Gonzalez
U.S. Citizenship and Immigration Services
Grassley
Durbin
Citizenship and Immigration Services
Foreclosures rise in subprime mortgage market
The Mortgage Bankers Association reported that payments 30 or more days past due on subprime adjustable-rate mortgages climbed to 15.75 percent in the January-March quarter, the highest on record, up from 14.44 percent in late 2006, signaling surging foreclosures in the subprime sector.
MENTIONED IN THIS ARTICLE
Mortgage Bankers Association
Gas prices drive wholesale inflation rise in May
May wholesale prices jumped 6.9 percent led by a 10.2 percent surge in gasoline, the sharpest one month gain since November. Food prices fell, core inflation rose 0.2 percent, and analysts expect the Fed to hold rates steady. Unemployment claims held at 311,000, GDP growth slowed to 0.6 percent, with outlook for a rebound in Q2.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Wall Street
Federal Reserve
Fed
Sal Guatieri
BMO Capital Markets
Linn County Fair adds new acts to become family festival
The Linn County Fair in Central City July 6 12 adds Jake Owens and Seventh Day Slumber to grandstand shows and introduces a beer tent plus a Bill Riley Talent Show. Promoter Heidi Abel says the event aims for broad, affordable family fun with free exhibits and no gate or parking fee. Local officials funded the fair at 50000 annually as it seeks self support and professional management.
MENTIONED IN THIS ARTICLE
KyléRave
Centép
Manchester
Rich Daugherty
Marion
Central City
Matiette Lucas
Gazette
Linn County
Jake Owens
Heidi Abel
Linn County Fair Board
Bill Riley
Linn
Abel
Lu Barron
Mortgage rates rise to 11 month high on weekly surge
Freddie Mac reports 30 year fixed rates at 6.74 percent up from 6.53 percent as five straight weekly increases push 40 year loans to their loftiest since July 2006. Ten year Treasury at five year high spurs stock market jitters about housing.
MENTIONED IN THIS ARTICLE
Freddie Mac
Frank Nothart
Treasury
Wall Street
Summer wage habits for teens and savings goals
Parents should guide teens toward automatic payroll savings and higher yield funds, aiming for about 10 percent of take home pay. Encourage budgeting to curb daily splurges like lattes and fast food, and stress protecting personal IDs and secure handling of checkbooks and debit cards.
MENTIONED IN THIS ARTICLE
John Hanahan
Yukon Investment Management Inc
Overland Park
Kan
Hanahan
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5BA
Visa
Ast Ave
25Th St
Williams Blvd
C.R
Ben Bernanke
Offi
Hh Mar
Asondy
Bureau of Labor Statistics
Linn County Fair
Leam
Thelinncountyfair.com
TV . Gazette
Marlene Lucas
Kcrg Tv3
Fair Board
Steve Rosen
Kansas City Star
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