Wall Street Advances on Hints of Rate Cut Later This Year
Wall Street rose as a government report on milder inflation fueled expectations the Federal Reserve could cut rates this year. The Labor Department producer price index showed inflation cooling. The Dow gained 111.09 points to 13326.22 and the Nasdaq rose 28.48 to 2562.22, with more advancers than decliners on the NYSE.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
Labor Department
Dow
New York Stock Exchange
Confidence flat as prices cloud outlook in May
The BBC Cash Index shows consumer confidence at 87.1 in May, near April’s 85.4 six month low, reflecting worry about gasoline prices and the economy's prospects. Ipsos provides the index, used to gauge willingness to spend and overall economic activity.
MENTIONED IN THIS ARTICLE
BBC
Ipsos
Corn Wheat and Soybeans Rally on Tight Supplies
Prices for corn soybeans and wheat surged on the Chicago Board of Trade as tight stocks fueled gains. May corn finished at 3.61 a bushel July corn 3.6925, December 3.7450, July soybeans 7.6175, and November soybeans 7.9075 a bushel.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Sweeteners firms settle advertising suit over Splenda slogan
Merisant Co owner of Equal settles with Splenda maker after jury verdict on claims that Splenda ads misled consumers to think the product is healthier and more natural. The court action centered on the slogan Made from sugar so it tastes like sugar.
MENTIONED IN THIS ARTICLE
Splenda
Equal
Merisant Co
Makes
Gas Price Survey in the Corridor
A random survey of gas prices in the Corridor shows prices rounded to the nearest cent as of yesterday afternoon. The report notes typical variances across stations and regional pricing trends observed by motorists and analysts.
EMC Insurance faces up to 21 million in tornado losses
Des Moines based EMC Insurance Cos. expects losses from weekend storms including deadly Kansas tornadoes to reach 18 to 21 million before taxes. Adjusters inspected Greensburg properties and schools while overall earnings guidance for 2007 was reduced.
MENTIONED IN THIS ARTICLE
DES Moines
EMC Insurance Cos
Kansas
William A. Murray
Garden centers brace for Mother's Day rush in Corridor
Garden center owners in the Technology Corridor anticipate a busy Mother’s Day weekend as customers buy hanging baskets, shrubs and plants. Frost dates and cool temperatures aid transplanting while Cedar Rapids shops report strong sales, with Forever Green expecting three to four times a typical weekend.
MENTIONED IN THIS ARTICLE
Stacey
John Gianforte
Cedar Rapids
Giuseppe
Forever Green Nursery
Coralville
Lee Hermiston
Gazett
Chad Sunner
Forever Green
Forevergreen Rd
Mom
Sunner
Lynn Burrell
Frontier Garden Center
Blairs Ferry Rd
Burrell
Garden Center
Todd Culver
Culver Nursery
Hwy 151
Marion
Gwen Sheeley
Forever Green Nursery and Garden Center
Five steps to improve high school scholarship chances
Tips from Mark Kantrowitz on maximizing college scholarship awards. Apply to every eligible scholarship, reuse strong essays, and tailor each application. Ensure eligibility, provide concrete examples of leadership, dress properly for interviews, and secure strong letters of recommendation from credible sources.
MENTIONED IN THIS ARTICLE
Mark Kantrowitz
FastWeb.com
Kantrowitz
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