Mixed Stocks Kept Slightly Lower Amid Rate Hike Cautions
A late session selloff left markets mixed as investors pocketed small gains after a week of inflation worries and a rate hike. The Dow dipped to 10,442.87 while the Nasdaq rose to 1,991.06, with advancers ahead of decliners on the NYSE. A Minnesota firm recalled Custom Sugar Precut Frozen Cookie Dough due to unlabeled egg ingredients posing allergy risks. Best Brands of Eagan urged returns to purchase points and provided a consumer hotline. Ethanol futures debuted on the Chicago Board of Trade as producers and refiners collaborate to manage price risk, with nationwide ethanol output projected at four billion gallons this year and Iowa now leading production.
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New York Stock Exchange
Minnesota
Best Brands Corp
Eagan
Minn
Best Foods
Chicago Board of Trade
Bernard Dan
Exchange
Iowa
Illinois
Trustee defends Bush proposals in Cedar Rapids visit
Thomas Saving director of the Private Enterprise Research Center at Texas A M University spoke in Cedar Rapids at a Progress for America event backing private Social Security accounts. He rejected opponents claims, urged beyond tax fixes, and argued Social Security solvency hinges on future funding with potential benefit changes.
MENTIONED IN THIS ARTICLE
the Gazette
Social Security Board of Trustees
Cedar Rapids
Thomas Saving
Private Enterprise Research Center
Texas A&m University
Progress For America
Bush
Saving
Mortgage rates top 6 percent for first time since July
Freddie Mac reports mortgage rates rising to new highs for the week ending March 24. The 30 year fixed rate average is 6.01 percent, up from 5.95 percent. 15 year fixed at 5.56 percent, up from 5.47 percent. 1 year adjustable at 4.24 percent, up from 4.20 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette
News Service
Domby Women’s Boutique Reopens Under New Owner in Iowa City
Iowa City’s Domby store at 128 E Washington St reopens after a December 2003 fire. Valerie Chittick, who bought the shop in 1993, revamps footwear clothing and accessories with updated decor in downtown Iowa City.
MENTIONED IN THIS ARTICLE
the Gazette
Iowa City
Domby
Washington St
Valerie Chittick
David Wallace
Domby Women’s Boutique
E. Washington St
Iowa pork production expands as hog herd grows
Iowa leads U S pork output with a 4 percent rise in breeding herd to 1.08 million and a 5 percent increase in market hogs from last year. Futures moved from 69 to about 81 then 78 per hundredweight as demand remains strong amid foreign beef bans. Total pork in cold storage reaches a six year high at 75.3 million pounds, while March 1 market hog inventory hits 15.12 million.
MENTIONED IN THIS ARTICLE
the Gazette
Agriculture Department
Iowa
Jason Roose
U.S. Commodities Inc
West Des Moines
U.S
Japan
Roose
ACT launches Healthcare Readiness System for skill gaps
ACT introduces Healthcare Readiness System a new work force development service built on WorkKeys for Healthcare to address skill gaps caused by turnover and shortages. The program adds a needs analysis and targeted development plans, with future rollouts for IT and manufacturing.
MENTIONED IN THIS ARTICLE
Dave DeWitte
ACT
Michael Eisenstein
Eisenstein
Kmart completes Sears deal creating Sears Holdings
Kmart buys Sears, Roebuck and Co. for 12.3 billion dollars forming Sears Holdings Corp with 55 billion dollars in annual sales. Shareholders approved at Sears headquarters in suburban Chicago. Edward Lampert envisions transforming the two retailers into a strong 21st century company while keeping most stores open.
MENTIONED IN THIS ARTICLE
Hoffman Estates, Ill
Kmart
Sears, Roebuck and Co
Sears
Chicago
Sears Holdings Corp
Wal-Mart Stores Inc
Home Depot Inc
U.S
Kmart Holding Corp
Edward Lampert
Lampert
Troy
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AP Stockquote
AMEX
1.C
University of Iowa
University of Wisconsin
Madison
Chittick
Michael Heuer
Heuer
The
Lion
Marlene.lucas
Gazettecommunications.com
Welter
Blairs Ferry
Monticello
Dubuque
Www
Welterstorage.com
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