Oil prices rise as banking plan fuels optimism
Oil benchmarks climbed with May delivery at 53.80 as investors cheered a banking crisis plan for growth. U S pump prices averaged 1.956 a gallon. Velocity Sports Performance to close March 31 with five jobs cut. clinic at 5313 North Park Pl. NE started in 2004 serving youths. Track star Joey Woody left the company after joining the University of Iowa.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
U.S
Auto Club Aaa
Wright Express
Oil Price Information Service
Velocity Sports Performance
Velocity
St. Luke’s Health Care
North Park Pl
Joey Woody
Cedar Falls
University of Iowa
Walgreen Q2 profit falls on restructuring costs
Walgreen Co reports a 7 percent drop in fiscal second quarter profit to 640 million dollars or 65 cents per share due to restructuring costs. Revenue rose 7 percent to 16.48 billion dollars while earnings were below expectations and shares rose 9.4 percent to 26.58.
MENTIONED IN THIS ARTICLE
Walgreen Co
Deerfield
Treasury bills fall to two-month lows in Monday auction
The Treasury sold three month bills at 0.225 percent and six month bills at 0.3890 percent. Prices on a 10000 and 6000 bill imply steep discounts from face value. Ralcorp Holdings completed the Harvest Manor Farms acquisition, boosting 2009 earnings outlook and keeping Harvest Manor operations in El Paso.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Ralcorp Holdings
Harvest Manor Farms
Ralston Foods
Cedar Rapids
Harvest Manor
el Paso
Texas
Ralcorp
Bids for Agriprocessors fall short for creditors
A Monday bankruptcy auction in Cedar Rapids failed to yield a price meeting creditor needs for Agriprocessors assets. The top bid reached 5.5 million from Natural Sources Holdings, far below an estimated 20 to 40 million. Judge Kilburg will decide on sale approval after creditor action and a 9:30 a.m. hearing.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Agriprocessors
Natural Sources Holdings
Paul Kilburg
U.S
Postville
First Bank Business Capital of
St. Louis
Soglonek Nahariya Ltd
Joe Sarachek
Soglowek
T5 Equity Partners
Kosher Standards LLC
Natural Source Holdings
Las Vegas
Mlic Asset Holding
Metropolitan Life Insurance
First Bank Business Capital
Dan Childers
Sykora Bakery Reopens With Heritage Restorations
Ronagiota Sykora, 64, returns from Michigan to help restore his grandfather Josef Sykora's bakery in Czech Village. The building traces to 1903 with a saloon expansion in 1900 and 1927 ownership by Josef’s family. He crafts wooden corbels and recalls sleeping on the roof as a child.
MENTIONED IN THIS ARTICLE
Liz Martin
the Gazette
Ron Sykora
Josef Sykora
Sykora Bakery
Czech Village
John Rocarek
Sykora
Cedar Rapids
Michigan
Rocarek
Cindy Hadish
Gazette
Edar Rapids
Ronagiota
Czech Villa
Iowa
Navy
16Th Ave
Charles Kosek
Clara
Kosek
Lumir
Lester
Don
Sheila Jan
Stocks surge on bank plan and housing data lift Dow
Wall Street extended its rally as banks and housing data improved. The Dow jumped 497 points to 7,775.86, the S&P 500 rose 54.38 to 822.92, and the Nasdaq climbed 98.50 to 1,555.77 amid optimism over bank asset cleanups and higher home sales.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
Citigroup
Standard’ & Poor
TIPS offer way to deal with inflation
A Boston University professor suggests TIPS as a hedge against inflation amid fears of stock losses. He argues investors should consider Treasury inflation protected securities, which pay semiannual interest and adjust principal with inflation to preserve purchasing power.
MENTIONED IN THIS ARTICLE
Boston University
Zvi Bodie
Bodie
U.S. Treasury
Also Mentioned on This Page
Walgreen
David.dewitte
Gazcomm.com
Yesteryear
GazetteOnline
Jim Dunigan
PNC Wealth Management
Citigroup Inc
Dave Rovelli
Canaccord Adams
Darvis
Chicago Tribune
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