Wall Street Mixed After Lehmans Hope Fades Early Week
Wall Street opened with a mixed finish as oil volatility and Lehman Brothers results shaped sentiment. The Dow fell 38.27 to 12,269.08, the S&P 500 gained 0.11 to 1,360.14, and the Nasdaq rose 20.28 to 2,474.78.
MENTIONED IN THIS ARTICLE
Wall Street
Lehman Brothers
Standard & Poor
Treasury Bill Auction Yields Rise on Short-Term Debt
The Treasury sold 23 billion in three month bills at a discount rate of 2.050 percent up from 1.850 percent and 24 billion in six month bills at 2.350 percent up from 2.050 percent. Three month bills sold for 9,948.18 on a 10,000 face value while six month bills brought 9,881.19.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
IRS Grants Tax Relief After Floods in Midwest States
Flood and storm victims in Iowa Indiana and Wisconsin gain extra time to file quarterly estimated tax payments. IRS Commissioner Doug Shulman notes taxes should be the last concern for victims. Earlier relief extended deadlines in several states with dates varying by location. Details available on the IRS Disaster Relief page at irs.gov.
MENTIONED IN THIS ARTICLE
Iowa
Indiana
Wisconsin
Internal Revenue Service
IRS
Doug Shulman
Arkansas
Colorado
Georgia
Maine
Mississippi
Missouri
Oklahoma
Irs.gov
Health care costs to rise nearly 10 percent in 2008
A PricewaterhouseCoopers study finds health care costs boosting 9.9 percent in 2008 and 9.6 percent in 2009. Key drivers include a hospital construction boom and higher charges for the uninsured. Medicare and Medicaid are projected to account for about 20 percent of private insurer spending in 2009.
MENTIONED IN THIS ARTICLE
PricewaterhouseCoopers
Gas Prices Survey Corridorwide as of Yesterday Afternoon
A selective survey shows gas prices across the Corridor rounded to the nearest cent. Prices vary by station and may reflect temporary fluctuations from yesterday afternoon readings.
First steps toward flood recovery for Cedar Rapids businesses
Owners of flood damaged businesses met off site with staff, arranged temporary locations, and coordinated with insurance adjusters and disaster recovery firms. Some reported 2 to 6 feet of water, damaged electrical panels, and ongoing relocation as crews from Texas assisted cleanup and restoration efforts.
MENTIONED IN THIS ARTICLE
Jim Slosiarek
the Gazette
Richard Hanson
Stamats Publishing Co
Cedar Rapids
Dave DeWitte
Gazette
Randy Ramlo
United Fire & Casualty
Cedar Rapids Marriott
Ramlo
Second Street
Blue Strawberry Coffee House
Little King Deli
United Fire
Galveston
Texas
Rich Hanson
Stamats Communications Inc
Fifth St
Stamats
Cedar Graphics
Hiawatha
Theatre Cedar
Freese
Gulf Coast
Gus Gerken
Menard’s
Larry Paulsen
Grim hit on Coralville and Iowa City businesses due to flooding
Flooding threatens numerous Coralville and Iowa City businesses with long recovery. Zephyr Printing & Design lost multiple printers after closing two stores. owner Pajunen faced no city updates and plans to reopen Coralville shop after evacuation. Chamber official notes widespread damage and lingering uncertainties for owners.
MENTIONED IN THIS ARTICLE
Jennifer Hemmingsen
Gazette
Iowa City
Coralville
Rebecca Neades
Steve Pajunen
Zephyr Printing & Design
Pajunen
Second St
Pajmen
Neades
Lumber and home centers boost inventories for flood recovery
Corridor area lumber yards and home improvement stores say they are increasing inventories to meet demand as residents move into cleanup and rebuilding after heavy floods. Stores report ample supplies, with trailers delivering pumps, dehumidifiers, cleaning gear, and electrical parts while warnings to hire reputable contractors accompany the surge in remodeling activity.
MENTIONED IN THIS ARTICLE
Janet Borholm
Gazette Corridor
Randy Rothmeyer
Gilcrest/ Jewett Lumber Co
Marion
Home Depot
Lowe’s
Mike Heiser
Cedar Rapids
Mike Freese
Coralville
Ogden & Adams Lumber
Paulsen
Cedar Rapids Lumber
Second St
Ogden & Adams
Nesses
Rothmeyer
Also Mentioned on This Page
First Ave
15Th St
Williams Boulevard
Casey's
Dubuque & Market Street
First Avenue
Smulekoff
First Street
Cedar River
Jennifer.hemmingsen
Gazcomm.com
Janet.rorholm