Investors focus on consumer confidence amid oil record
Stocks posted another advance as investors shifted attention to rising consumer confidence despite crude futures hitting a historic high of 58.60 a barrel before settling at 58.47 on the NYMEX. The Dow rose 44.42 to 10,623.07 and the Nasdaq gained 0.96 to 2,090.11, with advancers leading 9 to 5 on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
New York Mercantile Exchange
New York Stock Exchange
Eastowa
APAC
Maytag
Aegon NV
McLeod USA
Alcoa Inc
McLeod USA A
Mestek Alliant Energy
Arch Dan Mid
Nash Finch
Bandag Inc
Pearson PLC
Caseys Gen Store
Penford Corp
Columbus McKinnon
PepsiCo
Comel Fedi
Procter & Gamble
Deere Co
Qwest Commun
Dillards Inc
RF Micro Devices
Fastenal Co
Ralcorp Holding
Heinz
Terex Co
ING Glob RE Inco
Toyota Met
Intl Paper
Old Fire Cas
Keane Inc
US Bancorp
Kohis Corp
US Cellular
Longon File
Unova Inc
Verizon Comm
MCI Inc
WalMart
Marsh & McLennan
Wells Fargo & Co
Wergernauser
Eee
Nissan to make hybrid Altimas at Smyrna plant
Nissan Motor Co will produce its first fuel efficient hybrid vehicle at the Smyrna Tennessee plant. The company plans to build as many as 50,000 gas electric Altimas for the 2007 model year with a 10.4 million dollar investment to modify lines and add equipment. Ford offers up to 1000 in customer discounts while GM gains market share under a new employee discount program through July and Ford extends discounts to all customers.
MENTIONED IN THIS ARTICLE
Nissan Motor Co
Tennessee
Nissan North America
Nissan
Smyrna
Nashville
Ford Motor Co
General Motors Corp
Ford
Jon Harmon
Oil prices surge to record amid demand and supply fears
Crude oil climbed to as high as 58.60 a barrel with July delivery settling at 58.47, aided by robust gasoline and diesel demand and worries about refiners' ability to keep pace. Analyst Jamal Qureshi of PFC Energy notes ample crude supply, shifting focus to refining capacity.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
Jamal Qureshi
PFC Energy
People on Social Security Urged to Share Experiences
The Gazette seeks readers living entirely on Social Security income to share their experiences. Participants should be willing to disclose pertinent financial details and be photographed. Contact George Ford, financial editor, at 319 398 8366 or write The Gazette Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
The
Gazette
George Ford
Third Ave
Cedar Rapids
George.ford
Gazettecommunications
Gaps persist in U.S. mad cow defense and feed rules
Washington report cites ongoing use of slaughterhouse waste in cattle feed including chicken litter and restaurant leftovers. FDA promises to tighten rules have stalled since 2004, while new mad cow cases trigger renewed investigations and calls for stronger oversight.
MENTIONED IN THIS ARTICLE
Washington
U.S
United States
England
Food and Drug Administration
Washington State
Mark McClellan
FDA
McClellan
Ment
Lester Crawford
Agriculture Department
Britain
New I C Goodwill Store Opens to Rave Reviews
The Iowa City Goodwill store at 985 Highway 6 East opened Friday in a 13 000 square foot space with 4 900 square feet for production and training. About 60 people attended the 9 am opening and staff includes 42 workers with 26 clients. The store replaces a smaller location at 1835 Boyrum St and signals strong local support for Goodwill Industries of Southeast Iowa.
MENTIONED IN THIS ARTICLE
Cliff Jette
the Gazette
Heather Atkinson-Meyer
Iowa City
Goodwill
Highway 6 East
Boyrum Street
Zack Kucharski
Rue Gazette
Boyrum St
Coralville
Highway 965
City
Leona Mitchell
Iowa
McLeodUSA to lose NASDAQ listing after failure to meet criteria
Cedar Rapids based telecom firm McLeodUSA Inc will delist from NASDAQ after notifying on June 14 that it no longer meets the $1 share price and $35 million market value requirements. Shares closed at 10 cents, with ongoing talks to attract a partner or buyer and possible debt-to-equity restructuring under forbearance through July 21.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
McLeodusa Inc
Cedar Rapids Telecommunications
McLeodusa
McLeodusa Preferred
Rammoan Doarlk Wort
Diesel price worries grow as supply tightens concerns rise
Iowa officials warn diesel and heating oil shortages could push prices higher later in the year as crude oil costs climb. Diesel averages $2.27 per gallon, up 10 cents in a month and 55 cents above a year ago, while heating oil sits around $1.93, 13 cents above May.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Iowa
DNA Energy
Jennifer Moehlmann
Moehlmann
DNA
Council Bluffs
Webster City
Alcoa Davenport Works to gain from Airbus purchase
Alcoa to supply Airbus with sheet and plate products under a near 2 billion long term deal set to run through December 2011. Davenport Works will receive a share of the orders with about 17 million investment to upgrade equipment and expand aerospace capacity.
MENTIONED IN THIS ARTICLE
Alcoa
Davenport
Airbus
Dave DeWitte
Gazette
Riverdale
Paris
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Iso
John Stauber
Rep
Rosa DeLauro
D-Conn
House
I.C. Goodwill
Greg Kriegermeier
Goodwill Industries
Highway 6
Kriegermeier
Zack.kucharski
Gazettecommu
Ns.com
Sation
Lorlac
George
Gazettecommunications.com
DNR
David.dewitte
Gazettecomm
Ications.com
Davenport Works
John Riches
Riches
William Christopher
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