Wall Street ticks down after erratic session
Wall Street ended a volatile day with a small loss as investors weighed weak home sales and consumer confidence data and awaited the Federal Reserve meeting. The Dow fell 14.39 to 13337.66, the Nasdaq slid 2.92 to 2574.16, and the S P 600 declined 4.85 to 1492.89 amid rising volume of 3.26 billion shares.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Conference Board
Fed
Standard & Poor
Kroger posts higher first quarter profit
Kroger Co owner of the Kwik Shop chain in Cedar Rapids announced a 10 percent rise in first quarter profit for the period ending May 26. Net income reached 326.6 million dollars or 47 cents per share on sales of 20.73 billion dollars, up from 306.4 million and 42 cents per share on 19.42 billion dollars a year earlier. Analysts expected 48 cents per share on 20.4 billion dollars in sales.
MENTIONED IN THIS ARTICLE
Kroger Co
Kwik Shop
Cedar Rapids
Kroger
Thomson Financial
Visa and Wells Fargo test mobile wallet payments pilot
Visa USA and Wells Fargo team on cell banking pilot to turn mobile phones into electronic wallets. Up to 50 Wells Fargo employees will pay for items with phones. If successful, 300 to 500 customers will be invited to sample the platform. Visa began development earlier this year in San Francisco.
MENTIONED IN THIS ARTICLE
Visa USA
Wells Fargo & Co
Wells Fargo
Visa
Brownells to Acquire Sinclair International Inc
Brownells of Montezuma acquires Sinclair International Inc, an Indiana based maker of reloading tools and shooting accessories. Sinclair will operate as a separate Brownells entity with Bill Gravatt remaining president. Terms of the sale were not disclosed.
MENTIONED IN THIS ARTICLE
Brownells
Sinclair International Inc
Sinclair
Sinclair International
Bill Gravatt
Gazette and Wire Reports
Gas Price Survey in Comdor Averages Small Rise
A random survey captures gas prices in Comdor as of yesterday afternoon. Prices are rounded to the nearest cent, reflecting modest regional shifts across cited stations.
MENTIONED IN THIS ARTICLE
Comdor
Consumer confidence falls amid job worries
New York AP report says consumer confidence slipped in June as high gas prices and a weak housing market raise concerns about jobs. The Conference Board index fell to 103.9, the lowest in almost a year, while May new home sales dropped 16 percent to 915,000 annualized.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Commerce Department
Federal Reserve
Fed
Lynn Franco
Conference Board Consumer Research Center
U.S
Standard & Poor's
Gary Thayer
A.G. Edwards & Sons Inc
New brick oven pizza opens in Siena Park complex
Dave DaWitte reports Siena Park Brick Oven Pizza at 5001 First Ave SE replaces Nothing But Noodles. Owner Scott Myers uses four Italian Mithiko electric ovens instead of wood fired to mimic wood smoke flavor with controlled heat. He notes Italy’s shift to green ovens and cites cost and consistency benefits over traditional brick ovens.
MENTIONED IN THIS ARTICLE
Cliff Jette
the Gazette
Scott Myers
Siena Park
Cedar Rapids
Myers
Italy
Dave DaWitte
Gazette
First Ave. SE
American Connection to add third Cedar Rapids St Louis flight
American Connection plans a third daily Cedar Rapids to St. Louis non stop flight starting Sept. 5, with an 11 49 a.m. departure and 12 40 p.m. arrival. The move follows a sequence of airline expansions at The Eastern Town Airport as May passenger traffic rose 5.1 percent to 92 755 travelers.
MENTIONED IN THIS ARTICLE
American Connection
C.r.-St. Louis
George G. Ford
Gazette
Cedar Rapids
American Airlines
St. Louis
Iowa
Lambert St. Louis International
U.S. Bureau of Transportation Statistics
American Add
Dan Mann
Eastern Town
Delta Connection
Atlanta
Know your retirement number and plan for success
A Raleigh couple, Dianne Dunlap and Larry Leis, exemplify a new retirement era with 30 years of saving. The article cites Lee Eisenberg on mapping future plans to determine required savings and suggests a 4 percent to 4.5 percent initial withdrawal to last 30 years, noting online tools like T Rowe Price Retirement Income Calculator to model portfolios and withdrawals.
MENTIONED IN THIS ARTICLE
Dianne Dunlap
Cisco Systems
Larry Leis
Raleigh, N.C
News & Observer
Lee Eisenberg
Eisenberg
T. Rowe Price
Troweprice.com
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