Wall Street nudges higher as financial stocks lift market
Financial and health care shares led a modest market advance with the Dow up 98 points to 8555.60 and the S&P 500 at 918.37 while the Nasdaq dipped slightly. Mortgage rates eased from last week’s highs, with 30-year fixed at 5.38 percent, and biodiesel dispensers funded by state grants will be installed at Casey’s locations in Springville, Dyersville, and Oelwein as part of an $889,700 grant package totaling 23 grants.
MENTIONED IN THIS ARTICLE
Freddie Mac
Casey's General Store
Springville
Dyersville
Oelwein
Renewable Fuels Infrastructure Grants Board
Iowa
Flying J Travel Plaza
Davenport
GM to stop Pontiac Vibe production in Fremont factory
General Motors says it will halt the Pontiac Vibe small car at the jointly run Fremont, California plant with Toyota in August. GM plans to phase out the Pontiac brand by next year and will stop selling the Vibe and other models while negotiating a replacement vehicle for the factory.
MENTIONED IN THIS ARTICLE
Toyota
Fremont
Calif
Detroit
General Motors Corp
Natural gas prices ease after government supply shock
A three week rally in natural gas paused as government data showed a large inventory buildup. July gas slid 16 cents to 4,093 per 1000 cubic feet while gasoline rose 0.6 cent to a national average of 2.685 a gallon per AAA.
MENTIONED IN THIS ARTICLE
Auto Club Aaa
Midland Forge closing debated amid union talks in Cedar Rapids
Columbus McKinnon plans to close the Midland Forge plant in Cedar Rapids by year end with production shifting to Dixie Industries in Chattanooga. About 150 workers face layoffs as the company also scales back a third factory. Union talks on severance and COBRA benefits continue, with a resolution hoped for within 30 days.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Columbus McKinnon Corp
Midland Forge
Columbus McKinnon
Dixie Industries
Chattanooga
Tenn
Karen Howard
Howard
Yale Lift Tech
Muskegon
Mich
Machinists Local 831
Joe Tronside
Ironside
Reopening Simply Divine Candy After Cedar Rapids Flood
In Cedar Rapids, Simply Divine Candy owner Melanie Primasing reopened the corner shop at 129 Third Ave SE on June 1 after a yearlong flood closure. She faced losses without flood insurance yet welcomed steady customer flow, while recalling long-ago patrons and aided by donations of new wall signs.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Edar Rapids
Cedar Rapids
Divine Candy
Melanie Primasing
Primasing
Third Ave. SE
Pete
Simply Divine
Iowa Northern Railroad
Paramount
Judy Shaeffer
Shellsburg
Candy Kitchen
Divine Decadents
Shaeffer
Chris Mackler
the Gazette
Isabel Poggenklass
Megan Poggenklass
Third Ave
Winnebago Posts $8.6 Million Third Quarter Loss
Winnebago Industries reports an $8.6 million loss for the fiscal third quarter ending May 30, with revenue down 64 percent to $50.8 million as motor home shipments fall 62 percent. The company cites lack of credit and weak consumer confidence as ongoing hurdles and notes cost cuts including closing a fiberglass factory in Hampton and salaried pay cuts.
MENTIONED IN THIS ARTICLE
Forest City
Winnebago Industries Inc
Wall Street
Thomson Reuters
Winnebago
Robert Olson
Hampton
Student investor Cameron Fisher earns top prize in national essay contest
Parkville Missouri fifth grader Cameron Fisher learned from a Stock Market Game and a national InvestWrite contest by the Securities Industry and Financial Markets Association. He won overall for fourth and fifth graders, receiving a laptop and a Disney World trip, with his team investing virtually in Cracker Barrel Target MasterCard and Burger King while learning diversification and asset allocation.
MENTIONED IN THIS ARTICLE
Cameron
Securities Industry and Financial Markets Association
Parkville
Disney World
Cracker Barrel
Target
MasterCard
Burger King
C.J
Also Mentioned on This Page
Auto Industry
David
Dewitte
Gazcomm.com
Home Sweet Home
C.R
Big Welcome
Bary
Melanie
Fis
Ameron Fisher
Steve Rosen
Kansas City Star
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