Wall Street gains as GDP growth steadies markets
Stocks rise sharply after a drop in existing home sales and solid GDP data. The Dow climbs 93.73 to 11,211.05 and the Nasdaq adds 29.07 to 2,198.24 as Regions Financial and AmSouth announce a $9.8 billion deal to form a bank with about $140 billion in assets and 2,000 branches.
MENTIONED IN THIS ARTICLE
Wall Street
Dow Jones
New York Stock Exchange
Regions Financial Corp
AmSouth Bancorp
Regions Financial
AmSouth
Midwest
Texas
Cedar Rapids
Cedar Falls
Iowa
Heinz board rejects growth plan from activist investors
Heinz directors on Wednesday rejected a shareholder proposal from Trian Fund Management and Sandell Asset Management Group to cut costs by 575 million and trim retailer incentives by 300 million. The plan also aimed to overhaul selling, pensions, marketing, salaries, and R and D, the company said, noting it would cripple operations. Heinz operates a plant in southwest Cedar Rapids.
MENTIONED IN THIS ARTICLE
H.J. Heinz Co
Trian Fund Management LP
Sandell Asset Management Group
Heinz
Cedar Rapids
Mortgage rates rise to 4-year high as week over week gains
Freddie Mac reports 30-year fixed rates averaging 6.62 percent, up from 6.60. 15-year fixed at 6.23 percent, up from 6.20. One-year adjustable rates average 5.61 percent, down from 5.62. Rates climb for eighth time in nine weeks.
MENTIONED IN THIS ARTICLE
Freddie Mac
Gazette and Wire Reports
Economy shows stronger first quarter growth at 5.3 percent
The Commerce Department reports GDP rose 5.3 percent in Q1, driven by strong exports and inventory restocking, marking the fastest pace in over two years. Housing softer as mortgage rates rise, with April home sales down and unsold homes at a record 3.38 million. economists expect moderation to 3.0–3.5 percent next quarter.
MENTIONED IN THIS ARTICLE
Washington
Nariman Behravesh
Global Insight
National Association of Realtors
Joel Naroff
Naroff Economic Advisors
Federal Reserve
Fed
GDP: Economic measure of U S goods and services
The gross domestic product quantifies the total value of all goods and services produced within the United States, serving as a broad indicator of the country’s economic performance. It encompasses private consumption, government spending, investments, and net exports.
MENTIONED IN THIS ARTICLE
The
United States
21 Ways To Conserve Water In Daily Living
Consumer article outlines practical measures to save water amid drought concerns. Tips include using dishwashers, installing aerators, refrigerating water, defrosting in advance, composting scraps, using Energy Star washers, shower limits, and proper lawn watering to reduce waste.
MENTIONED IN THIS ARTICLE
Vickers
Pearson Medicare Part D contract ends layoffs planned
The Gazette reports Pearson Government Solutions in Coralville will lay off staff as the Medicare Part D information contract winds down. About 200 workers at Oakdale Research Park supported the program and a June 2 ramp down was announced, with final layoff numbers to be determined after CMS discussions.
MENTIONED IN THIS ARTICLE
the Gazette
Pearson Government Solutions
Coralville
Pearson
Oakdale Research Park
Grams
Department of Health and Human Services
Gazette
Eileen Rivera
Rivera
Department of Medicare and Medicaid Services
Lawrence
Kan
East Hills Business Park
Lawrence Journal World
Savvy money tips from Kansas City Star essay contest winners
The Kansas City Star sponsored a kids money essay contest with 165 entrants from grade school to high school. Readers share lessons on delaying purchases 24 hours, conserving energy, saving and investing, giving to charity, and starting savings early to build long term wealth.
MENTIONED IN THIS ARTICLE
Kansas City Star
Greenspans
Alex Reeves
Sweet Sweat Equity
Jillian McCoy
Lauren Boeding
Wal-Mart
Austin Jacobson
Joshua Ames
Joshua
Also Mentioned on This Page
Heinz Board
1St Ave
15Th St
C.R. WalMart
Southwest C.R. HandiMart
Dubuque & Market
S.C
Mistic
Commerce Department
U.S
Department of Commerc
Cathy Frisinger
Fort Worth
By Dave DeWitte
David.dewitte
Gazettecommun
Tins
Steve Rosen
Kansas City
Ctae
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!