Pending home sales rise for U S housing market
The National Association of Realtors reported a 7.4 percent increase in pending home sales from July to August, reaching 93.4, the highest since June 2007. Wall Street expected a drop to 84.9. Oil prices fell as crude inventories rose and demand softened, with November crude settling at 88.95 and gas at 3.447 per gallon.
MENTIONED IN THIS ARTICLE
U.S
National Association of Realtors
Wall Street
Thomson/IFR
New York Mercantile Exchange
Auto Club Aaa
Monsanto posts narrower loss as sales jump in quarter
Monsanto Co. reports a fiscal fourth quarter loss of 172 million or 31 cents per share as sales rise 35 percent to 2.05 billion. CEO Hugh Grant says 2012 gross profit guidance ranges from 9.5 to 9.75 billion, up from prior estimates.
MENTIONED IN THIS ARTICLE
Monsanto Co
Monsanto
Hugh Grant
Bank Battle Extends Standstill Between Citi and Wells Fargo
Citigroup and Wells Fargo extended their legal standstill in the Wachovia fight until Friday morning to buy time for a mutual agreement. The Fed is engaging with the banks to push toward a quick resolution and avoid a prolonged court battle.
MENTIONED IN THIS ARTICLE
Citigroup
Wells Fargo
Wachovia
Fed
Ells Fargo
Flood recovery reopening at St. Vincent de Paul Center
The St. Vincent de Paul Salvage Center at 928 Seventh St SE Cedar Rapids has reopened after the June flood. Businesses re opening are asked to notify Money Gazette at gazcomm.com.
MENTIONED IN THIS ARTICLE
St. Vincent de Paul Salvage Center
Seventh St. SE
Cedar Rapids
Money
Gazcomm.com
Gas Prices Survey in the Corridor
A selective survey notes gas prices in the Corridor as of yesterday afternoon. Prices are rounded to the nearest cent with a low price today of 2.70 dollars in 2007.
Wall Street slides as rate cuts fail to steady markets
Markets zigzag after a half point rate cut by the Fed and other major banks. The Dow closes down 189.01 at 9,258.10, while the S&P 500 and Nasdaq fall as credit markets remain tight and banks withhold lending. Investors bargain hunted amid ongoing fear of default and recession risks.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
European Central Bank
Bank of England
Bank of Canada
Riksbank
National Bank
Lehman Brothers Holdings Inc
Standard & Poor
Bill Schultz
McQueen, Ball & Associates
Bethlehem
Dow
Quaker Works to Prevent Repeat of Cedar Rapids Flood
Quaker Foods and Beverages says its Cedar Rapids plant operated at about 90 percent capacity after June flooding. President Mark Schiller described moving machinery to upper floors and considering a higher berm, coordinating with Cedar Rapids on flood mitigation as workers recalled acts of heroism and a three week recovery to restore production.
MENTIONED IN THIS ARTICLE
C.R
Quaker
George C. Ford
Gazette
Edar Rapids
Quaker Foods and Beverages
Mark Schiller
Priority 1
Schiller
Cedar Rapids
Liz Martin
the Gazette
Small business loan disbursement to begin this week
Iowa officials say about 30 million in forgivable Jumpstart loans will start flowing to disaster affected small businesses by Friday. Funds come from state 15 million, redirected federal 5 million and 10 million in HUD CDBG aid.
MENTIONED IN THIS ARTICLE
de Gazette
Des Moines
Iowa
Mike Tramontina
State Department of Economic Development
Tramontina
Cedar Rapids
Iowa City
U.S. Department of Housing and Urban Development
Advisory Commission
Economic Development Board
Vision Iown
Rod
Boshart
Gazcomm
Retirement in a volatile market for near-retirees
Financial advisers outline how investors under five years to retirement should shape 401(k) contributions. Strategy includes staying in stocks despite volatility, maintaining tax benefits, and balancing bonds and cash with equities to outpace inflation and recovery timelines.
MENTIONED IN THIS ARTICLE
Harrison Grodnick
Minneapolis Portfolio Management Group
Grodrick
Martha Pomerantz
Lowry Hill
Minneapolis
Pomerantz
Nate Wenner
Wipfli Hewins
Also Mentioned on This Page
First Ave
15Th St
Williams Boulevard
Dubuque & Market Streets
First Avenue
Coralville
Cedar River
McGuire ON
Kara McGuire
Minneapolis Star Tribune
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