Wall Street steadies after Fed signals rate hold
Wall Street wobbled then steadied as the Federal Reserve signaled inflation remains high but indicated rates will stay unchanged. The Dow gained 63.80 to 13,362.87 while the Nasdaq rose 4.59 to 2,576.34, with advancers beating decliners about 7 to 4 on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
New York Stack Exchange
AEGON reports earnings drop amid Dutch market dip
Dutch insurer AEGON NV reports first quarter net profit of 658 million dollars, down from 799 million a year earlier as Netherlands income falls after a one time gain. UK and Poland strong sales offset weaker Dutch performance.
MENTIONED IN THIS ARTICLE
Aegon NV
Aegon USA
Cedar Rapids
Netherlands
United Kingdom
Poland
Unemployment Grant Aids Newton Maytag Workers
Senator Chuck Grassley says Newton will receive over 263000 dollars in federal funds from the US Department of Labor to aid workers affected by the Maytag plant closure. The grant funds career development services including skills assessments and counseling as Whirlpool completes the Maytag buyout and closes the Newton facilities.
MENTIONED IN THIS ARTICLE
Maytag
Newton
Chuck Grassley
Iowa
US Department of Labor
Whirlpool Corp
Newtyn
Collins equipment picked for Army simulator upgrade
The EPX-50 image generator from Rockwell Collins was selected for the Aviation Combined Arms Tactical Trainer program. L-3 Communications Link Simulation and Training is the prime contractor. The system is a transportable virtual training setup enabling realistic high intensity aviation mission rehearsals and arms training.
MENTIONED IN THIS ARTICLE
Rockwell Collins
Army
Aviation Combined Arms
Collins
ING Expansion to Hire 130 in Des Moines Move
Expansion ING plans to hire 130 people in Des Moines as it fills vacancies and staffs a securities management business. The Dutch insurer moves much of the brokerage operation of ING Advisors Network from El Segundo, California to Des Moines, creating 70 jobs and bringing the Des Moines staff to about 1,100.
MENTIONED IN THIS ARTICLE
ING
Des Moines
California
ING Advisors
el Segundo
Calif
Corridor Gas Prices Survey Shows Round-Up Totals
A random survey of gas prices in the Corridor captures yesterday afternoon’s averages with prices rounded up to the nearest cent. Local stations vary, reflecting small fluctuations across brands and locations.
Day care expands at Boyson Square in Hiawatha
Hiawatha Day School, owned by Blayne and Christa Fielder, signs as a major tenant in Boyson Square with 71 slots for ages weeks to pre school. The 4,000-square-foot facility opens Sept 4 at Boyson Road and North 18th Avenue, amid new office development and other tenants.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Boyson
Fielder
Hiawatha
Cedar Rapids
Palo
Edgewood Road
Boyson Road
North 18Th Avenue
North 15Th Avenue
Reference limits spark hiring frustration in Iowa firms
Janet Borneim reports that many employers refuse to give detailed references to avoid defamation lawsuits. MER Solutions executive says the no comment stance protects all but frustrates recruiters. Kings Material uses agencies to screen hires while relying on safety laws to share limited work history.
MENTIONED IN THIS ARTICLE
Janet Borneim
Gazette
M.E. Reich
MER Solutions
CRG
Lee Hecht Harrison
Ers
Reich
Charlie Rohde
King's Material Inc
Cedar Rapids
Vernon Squires
Bradley & Riley Law
Fed keeps key rate at 5.25 percent of growth slows this year
The Federal Reserve on Wednesday left the federal funds rate at 5.25 percent for the seventh straight meeting. The central bank signaled a slower economy and did not hint at rapid policy changes, with analysts projecting a possible quarter-point cut later in the year. The prime rate remains at 8.25 percent, while growth eased in early 2007.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
David Jones
DMJ Advisors
Jones
Be picky and shop for mutual funds
Money stocks have had a remarkable run with the Dow setting records and the S&P 500 near a new high. The article reviews fund categories from large cap to mid cap and small cap, noting returns, volatility, and long term performance, and suggests diversification across nations and sectors. It points readers to Morningstar for fund searches.
MENTIONED IN THIS ARTICLE
Standard & Poor
Lipper
Morningstar.com
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AEGON
1St Ave
15Th St
Williams Blvd
C.R
Dubique & Market
Jat Ave
Coralie
Boyson Square
Christa Fielder
Ahmann Design
Fusion Architects
Joe Ahmann
der Construction
Tiffany Earl
NAI Iowa Realty Commercial
Wood Harbor Cabinets
Curves
Nevaeh Day Spa
Coffee Emporium
Legacy Stone
Fusion and
Ahtmann Design
David. Dewitte
Gazettecommunications.com
Mark Tade
the Gazette
Sarah Fare
Parr ES
Rohde
King’s
Philadelphia Inquirer