Market Gains After Oil Slide Lift Stocks In Early Trade
Investors pushed major indexes higher as oil prices fell easing fears of consumer spending slowdown. The Dow rose 112.17 to 10,252.29 and the Nasdaq gained 17.65 to 1,994.43 with volume around 1.88 billion shares on the NYSE. Treasury bills fell, with three month at 2.800 percent and six month at 3.070 percent. Western Fraternal Life Association reached 1 billion dollars in insurance in force serving 43,869 members in 138 lodges across 18 states.
MENTIONED IN THIS ARTICLE
Dow
New York Stock Exchange
Treasury
Treasury Department
Western Fraternal Life Association
Cedar Rapids
Western Fraternal
Czech Fraternal Benefit Society
Tait's Natural Foods to anchor Plaza Towers Iowa City
Des Moines grocer Tait's Natural Foods will occupy the entire ground floor west wing of Plaza Towers in Iowa City with a 13,000 square foot natural and organic foods store. The project includes 56 luxury hotel suites and a convention center, with the store offering a deli juice bar and prepared foods and catering events in the banquet facility. Restaurateur Jim Mondenaro will run the prepared foods kitchen.
MENTIONED IN THIS ARTICLE
Frank Gluck
Gazette
Iowa City
Des Moines
Drake University
Tait
Super Valu
Hy-Vee Inc
Natural Foods
Plaza Towers
Marc Moen
Tait’s
Linn Street
Jim Mondanaro
Prepared Foods
Bonehead’s Bar and Grill
Cedar Rapids
Mondo’s
Coralville
Bread Garden
University of Iowa
Moen
Neumann Monson Architects
Kleffmann & Partner
Iowa City Fitness
Eastwind School of Holistic Healing
Gas prices ease to 2.16 across nation in weekly survey
The Energy Department reported a 2 cent drop in the national average for regular gasoline to 2.163 per gallon. West Coast prices averaged 2.437, Midwest 2.072, with year ago level 14.6 cents higher. Lowe’s posted Q1 profit up 31 percent to 590 million dollars, 74 cents per share, on 9.91 billion in sales, up from 452 million and 56 cents a year earlier. Shares rose 2.94 dollars to 55.80 on the NYSE.
MENTIONED IN THIS ARTICLE
Energy Department
West Coast
Midwest
Lowe’s
New York Stock Exchange
MCI re elects board that approved Verizon bid
Shareholders at the MCI Inc annual meeting reappointed all nine directors who had backed Verizon Communications takeover, each earning about 200 million votes in favor while 78 to 80 million votes were withheld per director amid ongoing investor objections.
MENTIONED IN THIS ARTICLE
MCI Inc
MCI
Verizon Communications Inc
Gazette
News Services
Iowa corn planting outpaces average as soybeans lag in rain damped week
Iowa farmers reported 96 percent of corn planted, above the five year 86 percent pace, while soybeans reached 45 percent, below the 47 percent average. The week brought heavy rainfall, with statewide precipitation at 2.43 inches and soil moisture mostly adequate, though standing water and seed rot hindered emergence.
MENTIONED IN THIS ARTICLE
Ben Roberts
the Gazette
Solon
Lowa
Iowa Crops & Weather
Iowa Agricultural Statistics
Lowa Crops & Weather Report
Iowa
Fulton
Jackson County
Adair
Adair County
Burlington
Spencer
Wireless Internet arrives at Veterans Memorial Stadium
A new free Wi Fi system at Veterans Memorial Stadium, created by Cedar Rapids Kernels and Digital Telecommunications Inc, offers fans online access throughout the ballpark since May 5. Kernels General Manager Jack Roeder says the service enhances the fan experience, with details shared at Guest Services.
MENTIONED IN THIS ARTICLE
Veterans Memorial Stadium
the Gazette
Cedar Rapids
Kernels
Jack Roeder
DTI
Winona
Minn
UPS buys Overnite for 1.25 billion dollars
Atlanta AP UPS Inc the largest shipping carrier expands freight delivery by buying trucking firm Overnite Corp for 1.25 billion dollars in a deal announced Monday. The acquisition follows a 24 million investment to build five regional freight hubs near airports nationwide. Oversize shares rose 43 percent on the news.
MENTIONED IN THIS ARTICLE
Overnite Corp
UPS
Gordmans to anchor Cedar Rapids Market Place on Ist
Gordmans will anchor the new Market Place on Ist retail complex in Cedar Rapids near First Avenue and Highway 100. The 60,000 square foot Gordmans store opens in April, the largest in the development which includes 16 acres and a second anchor lease planned. Construction follows Menards demolition and involves partners Scott Byers and Mike Quagliano with Shive-Hattery as designer.
MENTIONED IN THIS ARTICLE
Dave DeWittesme
Gordmans
Cedar Rapids
First Avenue
Menards
First Ave
Market Place
Ist
Iowa
Scott Byers
Iowa Realty Commercial
Byers
Highway 100
Ultimate Electronics
Shive-Hattery Inc
Mike Quagliano
Vail
Colo
Omaha
Richman’s
Outfitters
Lincoln
Neb
Des Moines
Richman Gordman
Sam Richman
Dan Gordman
Gordman
Jeff Gordman
Also Mentioned on This Page
Nasdaq
I.C
Gazettecommunications.com
Verizon
David.dewitte
Gazettecommunications. Com
Caseys Gen Store
Columbus McKinnon
PepsiCo
Comel Fed
Procter & Gamble
Deere Co
Qwest Commun
RF Micro Devices
Dillards Inc Ralcorp Holding
Fastenal Co
Featherlite Inc
Regions Frei New Fiserv
Rockwell Collins
Gen Mills
Saks Inc
Gillette Co
Sealed Air
HMI Corp
Skyworks Solution
Tanger Factory
Marsh & McLennan
Wells Fargo & Co
Weyerhauser
Atlanta
UPS Inc
U.S
American Trucking Associations
Tirement Planning Associates
Sylvia Brim
Cpa
Crp
Csa
Gazette Caronications.com
Nate
Sazette Map
Welter
Welter’s
Www
Welterstorage.com
Blairs Ferry Rd
Monticello
Dubuque
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