Wall Street Grips Gains On Drop in Treasury Yields
A Treasury yield pullback lifted stocks as investors bet the Fed will halt rate hikes soon. Goldman Sachs posted record revenues and higher profits, helping push the Dow to near five year highs while the Nasdaq climbed. The Dow gained 75.32 to 11,151.34 and the Nasdaq rose 28.87 to 2,295.90 with advancers ahead of decliners by nearly 3 to 1.
MENTIONED IN THIS ARTICLE
Treasury
Federal Reserve
Goldman Sachs Group Inc
Standard & Poor
New York Stock Exchange
Canada approves Whirlpool Maytag merger plan
Canada’s Competition Bureau approves Whirlpool’s 1.79 billion bid for Maytag. Whirlpool plans to acquire the Newton based company. US DOJ sought extension. deal not to close before March 30.
MENTIONED IN THIS ARTICLE
Canada
Whirlpool
Maytag Corp
Competition Bureau of Canada
Benton Harbor
Mich
Maytag
U.S. Department of Justice
Union Pacific Raises Q1 and Full-Year Earnings Outlook
Union Pacific Corp, the nation’s largest railroad, boosted its first quarter earnings forecast due to strong demand for commodity products. It now expects commodity revenue to rise 17 percent year over year and earnings per share of $1.00 to $1.10. Full-year guidance increased to $4.80 to $5.00 per share.
MENTIONED IN THIS ARTICLE
Union Pacific Corp
Iowa
Union Pacific
Gasoline futures jump as refinery snag boosts prices
Gasoline futures surged nearly 7 percent Tuesday after a large refinery snag, signaling higher pump prices ahead. Analysts warn retail prices could top 2.50 to 2.60 per gallon nationally, with the Energy Department noting unleaded gas at an average 2.37 last week, a high since November.
MENTIONED IN THIS ARTICLE
Tom Kloza
Wall
N.J
Oil Price Information Service
Energy Department
New York Mercantile Exchange
Gazette
Infinity Contact Plans Expansion in Cedar Rapids
Infinity Contact plans a new 24 000 square foot headquarters at Second City Square in Cedar Rapids adding 50 employees this year. The move features 140 seating, on site client offices, a fully automated conference room and ballpark tech lobby. The firm shifts from cold calls to marketing services and driver retention programs for trucking firms as it scales its growth model.
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The
Gazette
Cedar Rapids
Second City Square
Infinity Contact
ShopKo
First Ave
Tom Leidigh
Infinity
Lehdigh
Collins Road
Leidigh
Do-it-yourself divorce grows with online help
Do-it-yourself divorces cut costs and time as couples split assets and file papers online. Experts note a trend upward, with main savings being attorney fees and a shorter process, though rules vary by state and complexity can still require legal input.
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Nicole Christie
Madien
Associated Press
Christie
Washington State
New York
Alan Kopit
American Bar Association
Division For Public Education
Sharyn Sopho
Middlesex County
Mass
Sopho
Divorcenet. Com
Divorce Filing Guide for Iowa Counties
Linn and Johnson county residents may file for dissolution by submitting the appropriate forms and paying a 100 dollar filing fee. No attorney is required, but all parties must follow the same legal procedures, with divorce forms and kits available from listed sources.
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Linn
Johnson County
Record 2005 US current account deficit hits 804.9 billion
The Commerce Department reports a 2005 current account deficit of 804.9 billion rising 20.4 percent from 2004 668.1 billion and marking a record 6.4 percent of GDP. The fourth quarter deficit reached 224.9 billion up 21.3 percent from Q3.
MENTIONED IN THIS ARTICLE
Mark Zandi
Moody’s Economy.com
United States
U.S. Current Account Deficit Reported at 4.9 Billion
The Department of Commerce reports the current account includes a trade income and investment deficit of 4.9 billion dollars for the period. This figure highlights income and investment outflows exceeding inflows, reflecting national economic activity and external financial interactions.
MENTIONED IN THIS ARTICLE
U.S
Closed-end funds offer yields and risks for investors
Closed-end funds provide income and access to less liquid assets with fixed share counts and intraday pricing. They trade like stocks, can discount or premium to NAV, and may suit experienced investors seeking income, though not a buy and hold substitute.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Anne Kritzmire
Nuveen Investments
Etfconnect.com
Kritzmire
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