Wall Street climbs as investors seek bargains amid bank stress
Wall Street rose Tuesday with the Dow up 117.54 to 13,660.94 and the S P 500 up 18.10 to 1,520.27 as traders hunt for bargains despite lingering credit concerns from Citigroup and Merrill Lynch. Archer Daniels Midland surprised with stronger first quarter results, matching 36 percent sales growth to $12.83 billion and $441 million profit, lifting shares $2.37 to $36.89.
MENTIONED IN THIS ARTICLE
Wall Street
Citigroup Inc
Merrill Lynch & Co
Standard & Poor
Archer Daniels Midland Co
ADM
Monsanto Expands Iowa Seed Corn Operations With 230 Million
Monsanto Co. plans a 230 million investment over two years to expand Iowa seed corn operations. The project adds production at DeKalb sites in Boone and Grinnell, builds a new plant in northeast Iowa, and expands an Ankeny research facility. Over 80 full time and 1,200 part time jobs are expected.
MENTIONED IN THIS ARTICLE
Monsanto Co
Boone
Grinnell
Iowa
Monsanto
Ankeny
Gazette Co. elects officers and directors at annual meeting
The Gazette Co. elected officers and directors at its annual meeting Tuesday. Elected officers include Joe Hladky as chairman, Chuck Peters as president and CEO, Ken Slaughter as vice president and CFO, Bonnie Beardsworth as treasurer, and Elizabeth T. Barry as secretary. Directors are Hladky, Peters, Slaughter, Barry, Jack Evans of Cedar Rapids, John Hladky of San Francisco, and Wille C. Marcil Sr. of Fargo. The Gazette Co. comprises Gazette Communications Inc. and Cedar Rapids Television Co. which runs KCRG-TV9.
MENTIONED IN THIS ARTICLE
the Gazette Co
Joe Hladky
Chuck Peters
Ken Slaughter
Bonnie Beardsworth
Elizabeth T. Barry
Cedar Rapids
Hladky
Gas price survey across Cedar Rapids Iowa City Coralville
A regional survey lists gas prices as of yesterday afternoon. Station data include Road Ranger in Cedar Rapids at 3.06 for regular and 2.96 for unleaded plus locations on 1st Ave. Cedar Rapids and Williams Blvd plus Casey's at Dubuque and Market in Iowa City. The lowest price shown is 2.09 in 2006.
MENTIONED IN THIS ARTICLE
1St Ave
15Th St
Cedar Rapids
Williams Boulevard
Casey's
Dubuque & Market Streets
Iowa City
First Avenue
Coralville
Amana to build $4 million cow power plant for greener energy
The Amana Society will start a 4 million dollar baseload plant west of West Amana to convert cattle and Genencor waste into methane for electricity. The project, overseen by Amana Society Service Co and the livestock operation, aims to meet about 10 percent of Colonies demand while reducing odor and producing fertilizer or mulch. Excavation begins Monday with equipment installation through April, backed by renewable energy credits potential.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Amana Society
Baseload
West Amana
Genencor
Cedar Rapids
Amana So
Ciety Service Co
Amana
Amana _ Society
Amana Society Service Co
Terry Hershberger
Hershberger
Flat fee chiropractic practice lowers insurance burden
Denise Kaestner discusses the North Liberty Family Health Centre and Bruce Weisbein of My Chiro Cedar Rapids who shifted to a $20 per visit flat fee in 2005 to cut insurance billing time. He says rising insurer demands prompted the move after staff spent excessive hours chasing claims.
MENTIONED IN THIS ARTICLE
the Gazette
Bruce Weisbein
Weisbein
MyChiro
Cedar Rapids
Denise Kaestner
North Liberty Family Health Centre
Mark Tade
My Chiro
Iowa Health System names president chief executive officer
Iowa Health System announced Bill Leaver, current Trinity Regional Health System president and CEO, will become president and CEO replacing Sam Wallace who retires December 31. Leaver has 30 years in health care leadership and previously held senior roles at St. John Hospital in Detroit. Trinity, part of Iowa Health System, operates two Illinois and one Iowa hospital with 514 beds and about 3,000 employees in the Quad-City region.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Iowa Health System
St. Luke’s Hospital
Cedar Rapids
Quad Cities
Bill Leaver
Trinity Regional Health System
Sam Wallace
Leaver
Hos
Pital
Iowa
Illinois
Howard
Kern
Sentara Healthcare
Virginia
North Carolina
Trinity
Trinity At
Terrace Park
Bettendorf
Thomson
St. John Hospital and Medical Center
Detroit
Des Moines
Dubuque
Fort Dodge
Sioux City
Waterloo
Nebraska
Rate cut offers no immunity to investors
SMART MONEY notes that despite a Fed rate cut investors remain cautious as six to twelve months may pass before benefits appear. Mistrust in banking stocks grows amid fallout from subprime mortgage securities and opaque lending practices, with calls for greater transparency from Moskow and others.
MENTIONED IN THIS ARTICLE
Federal Reserve
Janet Tavakoli
Tavakoli Structured Finance
Wall Street
Merrill Lynch
Michael Moskow
Chicago Federal Reserve
Altair Advisers
Moody’s
Fitch
Moskow
Aene
Bers
Also Mentioned on This Page
Archer Daniels Midland
Agribusiness
Nasdaq
David.dewitte
Bazetteco—uniegtic
Liberty Family Health Centre
A Oon System
George.ford
Gazettecommuncations.com
Chicago Tribune
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