Wall Street posts weekly gain amid volatility and Gibson suit
Wall Street closed the week with a solid advance led by a 2.16 percent Dow rise to 12,361.32 and a 3.43 percent weekly gain as bargain hunting and a softer regional manufacturing report soothed nerves about the economy. Gibson Guitar sues Wal-Mart and five other retailers over Activision Guitar Hero patent claims, seeking stopping orders.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Gibson Guitar Corp
Wal-Mart Stores Inc
Activision
Wal-Mart
Target Corp
Kmart
Amazon.com
GameStop Corp
Toys “R” Us
Gibson
California
Winnebago profits dive as RV sales slow in quarter
Winnebago Industries reports second quarter net income of 2.5 million or 9 cents a share, down from 7.5 million or 24 cents, as sales tumble 17.5 percent to 164.2 million. The Forest City based maker also cut employment by 9 percent to align production with demand.
MENTIONED IN THIS ARTICLE
Winnebago Industries Inc
Forest City
Home mortgage rates dip below six percent this week
Freddie Mac reports 30-year fixed rate mortgages averaging 5.87 percent this week, down from 6.13 percent last week. Fifteen-year fixed rates fall to 5.27 percent, five-year adjustable rates drop to 5.56 percent, while one-year ARMs edge up to 5.15 percent.
MENTIONED IN THIS ARTICLE
Freddie Mae
Gas Price Survey in the Corridor
A random survey of gas prices in the Corridor shows varying costs as of yesterday afternoon. Prices are rounded up to the nearest cent, reflecting typical fluctuations across stations and brands.
Wind-power factory to open in Oelwein
Sector 5 Technologies Inc plans a 161000 square foot facility in the former Donaldson plant in Oelwein to serve as its headquarters and production site for wind turbine components. The Iowa Development Board awarded 297000 in incentives, projecting 99 jobs at an average $23.89 per hour with a $3 million investment. The company also aims to diversify into biofuels, food and pharmaceuticals.
MENTIONED IN THIS ARTICLE
David DeWitte
Gazette
Oelwein
Sector 5 Technologies Inc
Donaldson
Iowa Department of Economic Development Board
Sector 5
Dale Feauto
Modern Engineering & Piping
Cedar Rapids
Iowa Department of Economic Development
IDED
Hamlet Protein of Denmark
Iowa
Strawberry Point
Hormel Foods
Dubuque
Hormel
Austin
Federal Mogul Corp
Burlington
Incen
John Deere Credit Services
Johnston
John Deere Risk Protection
Business boost at Cedar Rapids expo highlights varied exhibitors
At the Cedar Rapids Area Chamber of Commerce Open for Business Expo more than 125 exhibitors packed the U S Cellular Center. Chiropractors senior living communities and United Way staff showcased proactive health talks estate planning long term care and community services broadening the B2B focus of the 16th annual event.
MENTIONED IN THIS ARTICLE
Courtney Sargent
the Gazette
Brad Loftus
Cedar Rapids
Cindy Cason
Marion
George GC. Ford
Gazette
Leinbach
Sharlynn Page
Page
United States
Amy Bess
United Way of
East Central
Iowa
Bess
Iowa study shows gender wage gap persists despite progress
A state report by Iowa Workforce Development finds women on average earn 78 cents for every dollar men make, with gaps widening in education, health care, management and sales. Data from 5,700 respondents show men with high school and bachelor degrees earning more than women, regionally and in Cedar Rapids area.
MENTIONED IN THIS ARTICLE
David DeWitte
Gazette
Lowa
Patty Judge
Towa Workforce Development
Iowa
Iowa Workforce Development
Iowa Commission On the Status of Women
Rachel Scott
Iowa Commission On the Status of
Scott
Cedar Rapids
Iowa City
Allowances Teach Money Management Lessons
A PTA talk covers when to start allowances how much to give and whether chores tie to pay. Key ideas include starting early with weekly allowances matching grade level goals setting saving donating and spending rules avoiding advances and using matching money to encourage saving while letting kids learn from mistakes.
MENTIONED IN THIS ARTICLE
PTA
Also Mentioned on This Page
Gibson Guitar Sues
Guitar Hero
15Th St
Williams Boulevard
Casey's
Dubuque & Market Streets
First Avenue
Coralville
David.dewitte
Gazettecommunications.com
C.R. Expo
Towa
Chet Culver
David
Steve Rosen
Kansas City Star
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