Wall Street ends mixed as earnings delays pare gains
Stocks closed narrowly mixed after a rally as investors awaited earnings reports. The Dow slipped 5.67 to 9725.58 while the S P 500 rose 2.86 to 1057.58 and the Nasdaq gained 6.76 to 2110.33. Jack Evans became interim chairman of United Fire and Casualty Co in Cedar Rapids after the death of J Scott McIntyre Jr, effective immediately. He has served on United Fire's board since 1995 and led the Hall Perrine Foundation as president before joining SCI Financial Group. The board plans to name a permanent chair and vice chair by November 20.
MENTIONED IN THIS ARTICLE
Jack Evans
United Fire & Casualty Co
Cedar Rapids
Evans
Hall Perrine Foundation
J. Scott McIntyre Jr
United Fire
SCI Financial Group
Used vehicle prices hit record high in September
The Manheim Used Vehicle Value Index rose 6.9 percent to 188.5, an all time high. Index measures wholesale values with 100 for January 1995. Chief economist Tom Webb notes retail prices rose in lock step due to low used car inventories and fewer trade ins. New vehicle sales plunged 23 percent in September, 27 percent for the year.
MENTIONED IN THIS ARTICLE
Manheim
Tom Webb
Manheim Consulting
Webb
Monsanto reports widened fourth quarter loss on Roundup sales
Monsanto Co, the world’s largest seed maker, announced a widened fourth quarter loss of 233 million dollars as revenue fell due to lower Roundup herbicide sales amid generic competition. Adjusted earnings beat estimates, with the quarter ending August 31 showing a loss of 43 cents per share versus 31 cents a year earlier.
MENTIONED IN THIS ARTICLE
Monsanto Co
Wall Street
Monsanto
EPA to review health risk of weed killer atrazine
The EPA said it will re evaluate atrazine, a corn herbicide found in some drinking water, to determine if further restrictions are needed. Though Midwest testing shows no health-triggering levels, new studies link low level exposure to low birth weights and reproductive issues. Environmentalists call for stricter regulation or removal from the market. Syngenta defends the chemical’s safety.
MENTIONED IN THIS ARTICLE
EPA
Washington
Environmental Protection Agency
Midwest
Steve Owens
Mae Wu
Natural Resources Defense Council
Syngenta
Sherry Ford
Waterloo
Stimulus law boosts Iowa SBA loans the Gazette report
The Gazette notes stimulus driven rebound in Iowa SBA backed lending with 852 loans totaling 210.7 million in fiscal 2009, led by Polk and Linn counties. 705 loans worth 205.9 million under 7a and 504 programs and 147 loans for 4.8 million under America's Recovery Capital program.
MENTIONED IN THIS ARTICLE
George C. Ford
Small Business Administration
Iowa
SBA
New America
Chris Dlouhy
Club Deli
St. NE
Cedar Rapids
Clouhy
Deli
Mary Venteicher
Laurie Miller
Linn County
Scott County
Johnson County
Federal Agency
Barack Obama
Rockwell Collins aids Iraqi King Air pilot training
A Rockwell Collins de vice trains Iraqi Air Force pilots on King Air aircraft for intelligence, surveillance and reconnaissance missions. The first Virtual Avionics Procedure Trainer is used to shorten training time and lower costs as Iraqi crews, led by Navy and Air Force advisers, adopt advanced flight management and autoflight operations under Capt. Scott Seeberger.
MENTIONED IN THIS ARTICLE
the Gazette
Rockwell Collins
Air Force
U.S. Air Force
Navy
Combat Air Advisers
Ken Schreder
King Air Squadron 87
Scott Seeberger
King Air 350
Booleven Collins
Consumer borrowing falls by twelve billion in August
The Federal Reserve reports total consumer debt decreased by 12 billion in August at a 5.8 percent annual rate. Credit card and revolving debt led the decline, dropping 9.9 billion or 13.1 percent, while auto loans and other debt fell 2.1 billion. Households cut spending and saved more amid job losses, stagnant wages, and falling home values.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Also Mentioned on This Page
Jack Evans United
Auto Industry
Epa.gov
Sound Science
Amer
Ica
Polk County
Angie Holmes
George Ford
Gazcomm.com
Chris Clouhy
Iown
Breme
Lawar
L. Renton
Linas
Clay Fon
Iloussay
Aiko
Keokuk
Ele
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