Wall Street Edges Up After Two-Day Rally
Stocks rallied for the second straight day as the Dow rises 145.13 points to 12,188.69, the S P 500 up 16.57 to 1,296.68, and the Nasdaq up 41.03 to 2,729.31, signaling improving investor sentiment.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 29, 2011
Page
10
Stocks rallied for the second straight day as the Dow rises 145.13 points to 12,188.69, the S P 500 up 16.57 to 1,296.68, and the Nasdaq up 41.03 to 2,729.31, signaling improving investor sentiment.
CNBC places Iowa ninth in its annual Top States for Business, with Iowa 37th in infrastructure yet No. 1 for cost of business. Minnesota outranks Iowa at seventh, while Gov. Branstad may use the ranking to press for more transportation funding. DuPont Danisco Cellulosic Ethanol plans a central Iowa plant near Nevada, starting production in 2013 with about 60 workers. Continues with a U.S. government food safety awareness campaign led by Ad Council after a European E coli outbreak.
Sellers Broadcasting owner C Ford Sellers announces KMRY FM translator K226BO will begin broadcasting at 93.1 with 250 watts, simulcasting KMRY AM. Tests show clear signal across Cedar Rapids area. the move avoids interference on 93.3 and builds on HD Radio progress.
Linda McConnell, owner of Basket Boutique in Hiawatha, fills various containers with local foods and crafts for Iowa themed gift baskets. The shop stocks wines from nine Iowa wineries and locally made items while navigating an Alcoholic Beverages Division rule limiting off premise alcohol deliveries. Final resolution expected in July as McConnell expands space and staff during peak October to December season.
Rockwell Collins says its 15 percent carbon reduction goal by 2014 will be hard to meet. The company spoke at Marion’s Sustain ability Network launch about energy use, project investments, and the need for broader employee engagement to cut emissions across 35 locations.
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