Mortgage rates climb to highest in a month
Freddie Mac reports 30 year fixed rate averages at 6.10 percent this week up from 6.09 percent last week marking the highest since early September. Five year adjustable rates slip to 6.00 percent while 15 year fixed at 5.78 percent and one year ARMs hold at 5.16 percent. MidAmerican Energy opens Cedar Rapids customer service office Monday replacing a flood damaged Kirkwood site. The new office at Berry Plaza, 2000 Wiley Blvd, SW Suite 108, will operate 8 am to 5 pm, Monday through Friday.
MENTIONED IN THIS ARTICLE
Freddie Mac
MidAmerican Energy
Cedar Rapids
Kirkwood Community College
Ave. NW
MidAmerican
Kirkwood
Wiley Blvd
Berry Plaza
U.S. Postal Service
Marriott Earnings Fall as 2008 Guidance Cut Seen
Marriott International reported a 28 percent drop in third quarter net income to 94 million dollars, or 26 cents a share, as revenue rose 1 percent to 2.96 billion. Excluding a 29 million tax charge, adjusted continuing operations income reached 123 million dollars, or 34 cents per share, and full year guidance was trimmed to 1.62 to 1.68 dollars per share.
MENTIONED IN THIS ARTICLE
Marriott International Inc
Marriott
Flood recovery brings reopened businesses to Cedar Rapids area
The Gazette lists new openings after the June flood including Junior Achievement of Eastern Iowa at 315 Third Ave SE Suite 209 and Kieck's Career Apparel at 2323 Mount Vernon Rd SE formerly 619 Second Ave SW. Readers with reopenings are asked to contact The Gazette.
MENTIONED IN THIS ARTICLE
Junior Achievement of
Eastern
Iowa
Third Ave
Kieck’s
Career Apparel
Mount Vernon Rd
Second Ave
the Gazette
Money
Gazcomm.com
Gas Price Survey For Corridor Averages And Ranges
A selective survey taken yesterday afternoon shows gas prices across the Corridor. Prices are rounded to the nearest cent, highlighting current averages and range across stations.
Retail crisis looms over nation’s malls and stores
Nationwide retailers slash prices and promote deep discounts as analysts warn of the weakest holiday sales in 24 years. Shoppers face high gas and food costs, weaker jobs, and tighter credit, prompting early Christmas shops, gift vouchers, and cautious spending from customers like Noelle Snow and Amanda Plummer.
MENTIONED IN THIS ARTICLE
New York
Faith Hope Console
Prudential
Douglas Elliman
Ann Taylor Loft
Old Navy
Restoration Hardware Inc
Marshal Cohen
NPD Group Inc
Wal-Mart Stores Inc
Wal-Mart
Wall Street
Associated Press
Gfk
Noelle Snow
Deerfield
Ill
Snow
Financial Services
Wall Street Suffers Sharp Downturn On Economic Woes
Markets tumbled as pessimism over a prolonged downturn deepened amid weak factory orders and soaring jobless claims. Dow fell 348.22 to 10482.85, S&P 500 down 46.78 to 1114.28, Nasdaq off 92.68 to 1976.72, as traders priced in insufficient bailout impact.
MENTIONED IN THIS ARTICLE
NEW York
Standard & Poor
Wall Street
Commerce Department
Subodh Kumar
Subodh Kumar & Associates
Community leaders honored in East Central Iowa Business Hall of Fame
Mary Quass Albert Ruffalo and John Smith were inducted at a Cedar Rapids Marriott dinner. Quass heads NRG Media and BuffaloCODY and helped shape radio markets while Franklin Smith leads CAST International and CRST. The trio received honors for civic and business impact through independent selection.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
Mary Quass
Albert Ruffalo
John Smith
East Central Iowa Business Hall of Fame
Blacktie
Cedar Rapids Marriott
Quass
NRG Media
Buffalo
Buffalo Cody
Cast International
Wall Street crisisLessons for kids from AIG bailout
A reader offers guidance for families during the AIG bailout era. He urges saving habits, living within means, and teaching long term investing while reassuring that the crisis is serious but not the end of the world. He cites comments by John Bogle and notes public attention remains high at big stadiums and events.
MENTIONED IN THIS ARTICLE
Wall Street
American International Group
Financial Services Tian
AIG
Manchester United
New York Yankees
Manchester
John Bogle
Vanguard Mutual Funds
Bogle
Also Mentioned on This Page
G.A
First Ave
5Th St
Williams Boulevard
Casey's
Dubuque & Market Streets
Iowa City
First Avenue
Coralville
Amanda Plummer
Precious Plum
Summit
Plummer
Arnold Cohen
Mahoney Cohen and Co
Senate
House
Capitol Hill
Treasury
Labor Department
New York Stock Exchange
Khak-Fm
Quass Bravadead Via
Nois
Buffalocody
United States
Colorado
Smith
CRST
Greater Cedar Rapids Community Foundation
W George
Ford
Albert Buffalo Buffalocody
Wall Street Crisis
Steve Rosen
Kansas City Star
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