Dow hits fourth record close in two weeks
The Dow Jones rose 9.36 to 11,867.17 as all three major indexes edged higher in thin trading ahead of Alcoa’s quarterly report. The Nasdaq gained 3.66 to 2,315.43 while the S&P 500 neared 5 1/2 year highs. Volume was 1.50 billion shares, with advancers leading decliners 8 to 7 on the NYSE.
MENTIONED IN THIS ARTICLE
Standard & Poor
Alcoa
New York Stock Exchange
Alcoa earnings climb on strong metal demand
Alcoa Inc reports third quarter profit up 86 percent as aerospace and commercial transport demand boosts results. Net income reaches $537 million or 61 cents per share on $7.6 billion revenue, despite lower aluminum prices and a disappointing market response.
MENTIONED IN THIS ARTICLE
Alcoa
Alcoa Inc
Wall Street
Bell
Ram diesel pickups to run on biodiesel 5 percent blend
DaimlerChrysler will deliver every 2007 Dodge Ram diesel from its Fenton Missouri plant fueled with B5 biodiesel. The program aims to educate customers on clean renewable fuel and its American-made advantages, said Deborah Morrissett, vice president regulatory affairs.
MENTIONED IN THIS ARTICLE
DaimlerChrysler
Fenton, Mo
North
DainlerChrysler
Deborah Morrissett
Treasury Bills Edge Up in Weekly Auction Rates
The Treasury auctioned 16 billion in three month bills at a discount rate of 4.850 percent, up from 4.765 percent. An additional 15 billion in six month bills went at 4.890 percent, up from 4.825 percent. The one year yield stayed at 4.90 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Gazette and Wire Reports
Government predicts lower nat ural gas heating bills this winter
The Energy Information Administration projects nat ural gas users will pay about 826 for home heating this winter, down 119 from last winter as supplies recover after 2005 hurricane damage. Oil and electricity users face higher bills, with propane and fuel oil also shifting.
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Washington
Guy Caruso
Energy Information Administration
Energy Department
U.S
Midwest
Heating bills to cool for natural gas and propane users
Heating bills for natural gas and propane customers are expected to drop this winter while costs for other fuels may rise. The forecast notes shifts across heating sources with consumers watching prices closely.
Cedar Rapids couple buys Petland franchise with family involvement
Ron and Wendy Solsrud purchased a Petland franchise in Iowa City with their children Emily and Andrew, financing a $1.15 million SBA guaranteed loan through Iowa State Bank and Trust. The family plans hands on operation with their kids helping in cages and fish tanks while gaining business experience.
MENTIONED IN THIS ARTICLE
Brian Ray
the Gazette
Nikki Chapman
Iowa City
Eleanora Cockatoo
Ron
Wendy Solsrud
Cedar Rapids
George C. Ford
We Gazette
Owa City
Petland
Sycamore Mall
Emily
Andrew
Chilicothe
United States
U.S
Wendy
Scott Dahm
Brian Bergstrom
Iowa State Bank and Trust Co
Kurt Kastendick
Iowa State Bank and Trust
Small Business Administration
SBA
U.S. Small Business Administration
Center hires merger specialist to expand outreach
Randy Easton joins the Entrepreneurial Development Center as executive vice president to broaden client services. Former TrueNorth managing director and U.S. Water Co. founder will help scale support for startups amid Farm Bureau statewide initiative. Easton starts November 1 to boost resources for more young companies.
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Center
Ne Gazette
Cedar Rapids
Randy Easton
Easton
TrueNorth Companies
U.S. Water Co
Culligan Water
Curt Nelson
Farm Bureau
Nelson
Randy
Fund of funds offer diversified one stop investing
Fund of funds invest in other mutual funds to provide expert management and wide diversification. They appeal for simplicity and access, with Morningstar listing about 582 funds and assets around 384 billion dollars, while lifecycle or target date funds tailor risk as retirement nears.
MENTIONED IN THIS ARTICLE
Tom Roseen
Lipper
Jim Peterson
Schwab Center For Investment Research
Peterson
Morningstar
Jonathan Shelon
Fidelity
Freedom Funds
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J.C
Coralville
Via
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PET
Ron Solsrud
Petland Franchise
George .Ford
Gazettecommunications.com
Entrepreneurial Developmen Center