Wall Street advances as oil drags prices down
Wall Street posted gains in uneven trading after oil prices fell below 129 dollars a barrel and new home sales rose unexpectedly. The Dow rose 68.72 to 12548.35, the S&P 500 gained 9.42 to 1385.35, and the Nasdaq climbed 36.57 to 2481.24 as energy costs cooled investor worries.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
Treasury Bills Auction Dims Short Term Rates Rise
The Treasury Department sold 25 billion dollars of three month bills at a 1.870 percent discount rate and 23 billion dollars of six month bills at 1.920 percent. Prices implied were 9,952.73 for the three month bill and 9,902.40 for the six month bill. The equivalent annualized yields were 1.905 percent and 1.966 percent respectively.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
American Airlines rejects pilot union contract proposals
American Airlines, facing possible cash strain from high fuel costs, rejected Allied Pilots Association proposals as too costly for the company and pilots. The union queried whether talks have reached impasse. The airline, part of AMR Corp, cited long term interests in its decision. A separate antitrust settlement could ease real estate costs by opening MLS listings to online agents.
MENTIONED IN THIS ARTICLE
American Airlines
American
Fort Worth
AMR Corp
Allied Pilots Association
Justice Department
U.S. District Court
Chicago
MLS
Gas price survey in the Corridor shows varied unleaded rates
A selective survey as of yesterday afternoon lists unleaded prices at stations in Cedar Rapids Iowa City and Coralville. Road Ranger 3.85 regular 3.75 ethanol 3.81 3.71 and Casey 3.95 3.85 reflect current local differences. Low price today in 2007 3.27 appears in the notes.
MENTIONED IN THIS ARTICLE
15Th St
Cedar Rapids
Williams Boulevard
Casey's
Dubuque & Market Streets
Iowa City
First Avenue
Coralville
Pilot Travel Center to anchor Villages at Tiffin development
Work has begun on phase one of the Villages at Tiffin, northeast of the I-80 interchange, to include a Pilot Travel Center with a McDonald’s and later a hotel. High Development notes grading of infrastructure and a planned 100-room hotel, with a large mixed-use project facing wet spring delays.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Tiffin
High Development Corp
Darryl High
Pilot Travel
Ficer
High Development
Las Vegas
High
Pilot
Best Buy Floral Supply to Close After 60 Years in Cedar Rapids
Cedar Rapids florist and gift supplier Best Buy Floral Supply will close its sixth street location after six decades. Owner Jim McNeill cites industry changes with chains and direct manufacturer sales eroding the need for wholesale florists. five staff will lose jobs, two already placed.
MENTIONED IN THIS ARTICLE
Best Buy Floral Supply
Cedar Rapids
Cliff Jette
the Gazette
Dan Kucera
Jim McNeill
Cedar Rapids Floral
Edar Rapids
Sixth St
McNeill
Best Buy Floral
New home sales rise in April after six month slump
New home purchases rose 3.3 percent in April to a 526000 annual rate, the first gain in six months, but March was revised lower to 509000. Prices climbed 1.5 percent to 246100 amid incentives, with regional gains led by the Northeast and West and a South decline. Inventory fell to 10.6 months but remains twice the boom-era normal.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Robert Kavch
BMO Capital Markets
West
Midwest
South
Dangling from your key chain unlocking deals
A consumer discusses loyalty programs, points tracking, and frequent shopper cards. The piece cites a Brand Keys president on shopper behavior, advises regular account checks, and notes the Raleigh News & Observer report that North Carolina stores faced fines for price discrepancies.
MENTIONED IN THIS ARTICLE
Robert Passikoff
Brand Keys Inc
New York
Hawaii
Home Depot
The
Raleigh, N.C
News & Observer
North Carolina
Also Mentioned on This Page
LABOR
Pilot Union
Regency Homes
Regency Land Services Division
Mid-South
David
Dewitte
Gazcomm.com
Batt
Iowa
Starbucks
Vicki Lee Parker
Raleigh News & Observer