Dow Jones Dips Over 100 Points On Weak Data
The Dow Jones industrials dropped 104.14 to 10,993.41 as home sales and consumer confidence slipped and manufacturing showed weakness. An upgrade to fourth quarter GDP raised fears of higher interest rates, with investor Jack Ablin noting a one two punch for the market. The Nasdaq fell 25.79 to 2,281.39.
MENTIONED IN THIS ARTICLE
Dow Jones
Fed
Jack Ablin
Harris Private Bank
Heinz earnings fall on restructuring costs and divestitures
H J Heinz Co reports fiscal Q3 earnings down 24 percent to 116.6 million dollars or 35 cents per share as restructuring and divestitures weigh on results. Revenue rises 6 percent to 2.19 billion dollars while chairman William Johnson cites progress toward overhead reduction and steadier growth in core brands.
MENTIONED IN THIS ARTICLE
H.J. Heinz Co
William Johnson
Heinz
Economy set for rebound with 4.5 percent growth forecast
Analysts predict the January to March quarter will see a 4.5 percent annual growth, with 2006 expected to match solid though slower expansion. The Commerce Department reported a 1.6 percent October to December rate, and existing home sales fell 2.8 percent in January. In the Midwest, sales declined 7.7 percent, with a median price of $167,000, up 12.1 percent from January 2005.
MENTIONED IN THIS ARTICLE
Commerce Department
Midwest
National Association of Realtors
Media firms bid to buy Knight Ridder under March deadline
MediaNews and Gannett are pursuing a joint bid for Knight Ridder as a March 9 deadline nears. McClatchy also prepares a bid for the San Jose based newspaper group, the nation’s second largest. A decision on sale is expected in mid March.
MENTIONED IN THIS ARTICLE
Knight Ridder
MediaNews
Gannett
Sacramento
McClatchy
San Jose
Gazette Wire
ZJ Farm launches 10 part on farm learning series near Solon
Susan Jatz owner of ZJ Farm north of Solon opens the farm to the public with a 10 part on farm event series. The opening 1 to 5 p m Sunday invites visitors to see lambs and early seeding in the greenhouse. The farm runs a CSA supporting 140 families last year aiming for 150 this year. Kelsey Heeringa will be education director assisting a Prairie Burn Summer Solstice Party Tomato Extravaganza and Harvest events. Visitors can reach the farm at 5025 120th St or by calling 319 624 3052.
MENTIONED IN THIS ARTICLE
Susan Jatz
Solon
Jutz
Jazz
Kelsey Heeringa
ZJ Farm
Highway 1
120Th Street
120Th St
Travel insurance basics for major trips and abroad
The article explains that travel insurance covering trip cancellation emergency medical and medical evacuation protects large trip investments and healthcare abroad. Costs range from 4 to 7 percent of the trip, higher for travelers over 70, and policy details vary by provider per the US Travel Insurance Association and Fodor's guidance.
MENTIONED IN THIS ARTICLE
Eileen Alt Powell
Associated Press
Caribbean
China
Africa
Tim Jarrell
Fodor’s
Guidebook Company
Fodor
Jonathan Ansell
United States Travel Insurance Association
Washington
Ansell
Online travel brokers offer many trip insurance options
Several sites list travel insurance plans and benefits for cancellations due to business or military duty. Experts note most policies exclude voluntary cancellations and pre existing medical condition exclusions. Coverage often includes trip delays and baggage protection, but usually not itinerary changes by cruise lines.
MENTIONED IN THIS ARTICLE
Ansell
FAA forecasts crowded skies and cheaper fares with more small planes
The FAA predicts a 45 percent rise in passengers from 738.6 million in 2005 to 1.07 billion in 2017 as airlines swap jumbo jets for regional models. Fares will be lower but planes busier with longer delays, especially on crowded routes. Domestic fares may rise this summer due to reduced schedules from bankruptcies, then fall in the fall as competition widens. Cargo and small planes will increase as well.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
FAA
Delta Air Lines Inc
Northwest Airlines Corp
Currency funds open for betting
Currency trading once limited to the wealthy is now accessible to individuals through mutual funds and ETFs. Funds like Rydex Strengthening Dollar and Weakening Dollar, plus the Euro Currency Trust, let regular investors speculate on the dollar with minimums around 1000 dollars, though experts warn the products are speculative and costly for average portfolios.
MENTIONED IN THIS ARTICLE
Jim King
Rydex Investments
King
Rydex
Richard Ferri
Portfolio Solutions
Troy
Mich
Ferri
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