Wall Street Ends Mixed After Fed Optimism
Stocks gave up gains late as investors failed to sustain optimism after the Fed's upbeat view of the economy. The Dow rose 30.23 to 9,802.14, the S&P 500 added 1.09 to 1,046.50, while the Nasdaq fell 1.80 to 2,055.52. U.S. service activity grew in October but slower than September. ISM index at 50.6 with new orders up to 55.6.
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Federal Reserve
Dow
Fed
Standard & Poor
U.S
Institute For Supply Management
Thomson Reuters
Oil tops 80 as dollar weakens in global market
Crude prices rose above 80 per barrel with U S dollar slipping, supporting gains. Benchmark crude settled at 80.40 on NYMEX and London Brent at 78.89 as analysts note the weak dollar fuels higher oil buys. October retail sales show early recovery with jewelry and clothing posting gains though still below precrisis levels.
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OPEC
U.S
New York Mercantile Exchange
London
Brent
ICE Futures Exchange
MasterCard Advisors
Alliant defends rate request as Iowa utilities board nears ruling
Alliant Energy IP&L defends 16.6 percent electric revenue increase before the Iowa Utilities Board as it seeks 171 million dollars in extra annual revenue. Briefs from IP&L and four consumer groups argue over return on equity and transmission pass throughs amid flood costs and investments since 2007.
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Dave DeWitt
Gazette
Interstate Power & Light
Iowa Utilities Board
Alliant Energy
Ip&l
Alliant
Iowa
Iowa Consumer Coalition
The
Consumer Advocate
ITC Midwest
MidAmerican Energy Co
MidAmerican
Utilities Board
Black Hills Energy
Recipe for Business Success from Cedar Rapids CEO
Curt Nelson, CEO of the Entrepreneurial Development Center in Cedar Rapids, has authored The Recipe for Business Success a 200 page weekend read eight years in the making. It outlines five key ingredients strategic fit, business plan, talent leadership and resources with a self scoring report card and cautions that weak sales talent kills growth. Nelson notes many founders take on sales themselves despite lacking training, and less than 10 percent of sales titles are held by true professionals. He has promoted these ideas at rural Iowa entrepreneurship seminars.
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Dave DeWitte
Gazette
Edar Rapids
Curt Nelson
Entrepreneurial Development Center Inc
Cedar Rapids
Nelson
Iowa
Recipe for Business Success by Curt Nelson
Curt Nelson, CEO of the Entrepreneurial Center of Iowa, promotes his book The Recipe for Business Success available online for 25 dollars. Sponsored by the Iowa Farm Bureau last year and in 2007, the work traces its idea to 1999 during an interview with Gazette Business Editor George Ford about Crystal Group’s growth. Nelson used local contractors for editing and production and licenses the book to the center to help readers rate progress via its five ingredients.
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Iowa Farm Bureau
then-Gazette
George Ford
Crystal Group
Hiawatha
Inc. Magazine
Nelson
House accelerates date for new credit card rules
The House voted 331 to 92 to accelerate the enactment date of tough credit card rules, forcing lenders to comply immediately unless they freeze rates and fees. Senate prospects are uncertain as lawmakers worry about credit access. The bill aims to curb rate hikes seen since last year, with most rules set to take effect Feb. 22 under the broader consumer protections law.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Rep
Barney
Fed Holds Rates At Record Lows As Economy Improves
The Federal Reserve pledged to keep the key rate at a record low for an extended period amid signs of growth. Activity has picked up and the housing market strengthened, but higher unemployment and tighter credit could slow the rebound. The target range remains zero to 0.25 percent with no major changes to mortgage support. Banks’ prime lending rate stays about 8.25 percent. Some credit card rates rose due to defaults and preemptive hikes ahead of a new law.
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Washington
Federal Reserve
Fed
Ben Bernanke
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Tude
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Large
Energy Group
United States
Lehigh Hansen Inc
Mason City
Griffin Wheel
Keokuk
David. Dewitte
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Evelear
the Gazette
Cedar Rapids Marriott
Entrepreneurial Development Center of
Recipefor
Businesssuccess
David.dewitte
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