Wall Street Rallies Lift S&P Dow Nasdaq Amid Gains
Stocks surge as housing financials and materials push the S&P 500 up 3.4 percent. The Dow gains 214.33 points to 8426.74, first closing above 8400 since January, and the Nasdaq climbs 44.36 to 1753.56. Tyson Foods reports larger second quarter losses due to weak beef demand and one time costs, with earnings at 28 cents per share vs 2 cents a year earlier and sales dipping to 6.31 billion.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
S&p
Tyson Foods Inc
Springdale, Ark
Treasury Bill Rates Edge Higher in Weekly Auction
The Treasury Department sold 30 billion dollars of three month bills at a discount rate of 0.195 percent and 28 billion dollars of six month bills at 0.330 percent. Prices implied by the discounts show a $10 000 bill trading at about $9 995.07 for three months and $9 983.32 for six months.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Pepsi Bottling Group Rejects PepsiCo Offer
Pepsi Bottling Group said it rejected PepsiCo’s $6 billion proposal as grossly inadequate and approved a stockholder rights plan to fend off unfriendly bids. The offer would have given PepsiCo control of about 80 percent of North American beverage volume.
MENTIONED IN THIS ARTICLE
Pepsi Bottling Group Inc
PepsiCo Inc
PepsiCo
Somers
N.Y
Flood Recovery Opens Doors for Cedar Rapids Businesses
The June flood recovery list shows Garden Gate at 125 Third Ave SE and Nik Taylor Salon at 127 Third Ave SE in Cedar Rapids back in operation. Send reopen notices to money gazcomm.com.
MENTIONED IN THIS ARTICLE
Garden Gate
Third Ave
Cedar Rapids
Nik Taylor Salon
Money
Gazcomm.com
Kirkwood Estates Sold to Canadian Firm for 10.95 Million
Cedar Rapids Naut Kirkwood Estates a 488 site manufactured home community in southwest Cedar Rapids sold for 10.95 million to MC Equities LLC Vancouver Canada. Broker Joanne Stevens of NAI Iowa Realty Commercial says MC Equities owns multiple parks and plans a long term, stable approach. Jim Dyer who opened the community in 1977 cited health and age as reasons for selling.
MENTIONED IN THIS ARTICLE
George
Ford
Gazette
Cedar Rapids
Joanne Stevens
NAI Iowa Realty Commercial
Kirkwood Estates
Kirkwood Boulevard
Highway 30
MC Equities LLC
Vancouver
Canada
MC Equities
Tower Terrace
Hiawatha
Country Terrace
Cedar
Dyer
Stevens
Corn planting ahead of schedule in Iowa despite rain
Iowa farmers report 60 percent of corn planted as of Sunday, 11 days ahead of last year and two days ahead of the five year average. Emergence at 2 percent trails last year and normal by 7 percent. Oats 96 percent planted with 55 percent emerged. fertilizer 91 percent complete. Weather cooler and drier overall, southeast region hit by heavier rain. officials urge warmer temps to speed germination.
MENTIONED IN THIS ARTICLE
Joyce A. Meyer
Freelane
Iawa
Keith Elsbernd
Calmar
Highway 52
Decorah
Delbert Hageman
George C. Ford
Gazette
Iowa
Usda National Agricultural Statistical Service
National Agricultural Statistics Service
Harry Hillaker
Northey
Emil's II to open in Cedar Rapids carry on family deli legacy
Nathan Allick and Alynn Secor plan Emil's II at 7037 C Ave NE Cedar Rapids a week from now as a new deli expanding the family tradition started by Emil Allick 45 years ago with Emil's Deli downtown. The shop will offer deli sandwiches plus hot items wine and beer to draw evening traffic and focus on delivery carryout and catering. Deb Allick operates Deli's Ice Cream and Deli nearby, another flood era family venture.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Nathan Allick
Allyn Secor
Coffee Smith’s
C Ave
Emil
Emil Allick
Nathan
David Allick
U.S. Bank
Allick
Outback
Boston
Mike Esker
Coldwell
Hedges Realty
Allick and Secor
Deli
Third St. SE
Deb
Congress targets credit card issuers in proposed reforms
The House approved measures to curb penalties for late payments and restrict rate increases to new purchases only. Proposals aim to ban misleading balance transfer practices and require clearer early warnings, with similar Senate action underway.
MENTIONED IN THIS ARTICLE
Congress
Washington
Travis Plunkett
Consumer Federation of America
House
Senate
Also Mentioned on This Page
S&p 500
Tyson
Pepsi Bottling Group
Jim Dyer
Fannie Mae
George.ford
Hillaker
State Climatologist
Bill Northey
George. Ford
Emil’s II
David. Dewitte
Gan Marks
Chicago Tribune
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