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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 20, 2012
Page
6
U S stocks rose modestly as Apple jumped nearly 3 percent after it announced a quarterly dividend. The Dow gained 6.5 points to 13239, the S P 500 rose 6 to 1410, and the Nasdaq Composite added 23 to 3078 amid light volume and few new data.
Rochester Minnesota based HMN Financial the corporate parent of Home Federal Savings Bank has completed the sale of its Toledo office to Pinnacle Bank of Marshalltown HMN Financial says it will continue to own and operate its other Home Federal branches in Iowa and Minnesota
Apple reports more than 3 million iPads sold in the first three days of availability. The company launched the device in nine countries plus Hong Kong, Puerto Rico and the U S Virgin Islands on Friday and will expand to 24 more countries on Friday.
Walt Disney Co expects to book a loss of 200 million dollars in the quarter through March for the 3 D film John Carter about a Civil War veteran on Mars. Cowen & Co estimated a roughly 100 million write down.
Technomic Inc. ranks McDonald’s at 34.2 billion sales and 5.5 percent growth, Subway at 7.5 percent, Starbucks at 7.5 percent, Wendy’s in fourth with 8.5 billion, and Burger King at 8.4 billion for the latest year.
Leaders of an Iowa trade mission report positive meetings with China's vice president and agriculture minister amid slower pork and soybean growth. Iowa Soybean Association chief Kirk Leeds cites resilient demand and a price freeze impact, while noting strong ties and ongoing talks on food security and policy cooperation.
HUD inspectors general detail how Bank of America and Wells Fargo leaders allowed unqualified staff to sign thousands of foreclosure documents monthly. Wells Fargo issued high titles to workers with little education and ignored workload warnings. The findings accompany the 25 billion settlement with five lenders. Banks say they fixed the issues.
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