Markets Shutter Roller Rise After 816-Point Dow Swing
Jittery investors sent stocks on a roller coaster ride with the Dow finishing up 401.35 points at 8979.26. The rally came amid bargain hunting and recession fears after industrial production posted its largest monthly drop in 24 years. S&P 500 rose 38.59 to 946.43 and Nasdaq climbed 89.38 to 1717.71.
MENTIONED IN THIS ARTICLE
Dow
Standard & Poor
Airlines Post Losses Amid Recession Worries
Southwest Airlines reports its first quarterly loss in 17 years while Continental also loses money due to high summer fuel costs. Executives warn of a looming recession, even as fuel prices fall and airline stocks rise on Wall Street optimism.
MENTIONED IN THIS ARTICLE
Southwest Airlines Co
Continental
Southwest
Wall Street
Finance Signals Lingering Stress as Paper Market Shrinks
The Federal Reserve reported a fifth straight weekly drop in commercial paper to 1.51 trillion dollars, down from 2.2 trillion at the 2007 peak, with three month T bills yielding 0.47 percent as credit markets stay tight. UI HealthWorks to hold a ribbon cutting for its new North Liberty facility at 3 Lions Drive with open house from 5 to 7 p.m. on Wednesday. The 2,800 square foot center offers radiology, prescriptions, case management, and therapy services in partnership with employers to boost worker health and reduce costs.
MENTIONED IN THIS ARTICLE
Federal Reserve
UI HealthWorks
North Liberty
3 Lions Drive
Gas Prices Survey in the Corridor
A selective survey lists gas prices as of yesterday afternoon with figures rounded to the nearest cent. Prices vary across stations in the Corridor, reflecting local competition and market conditions.
Flood relief program aims to save Iowa jobs and ease wages
Iowa Economic Development Board approved up to 5 million in forgivable loans to disaster damaged firms that rehire at least 90 percent of workers and pay the same wages, waiving the normal 130 percent county average rule. Cedar Rapids gains an enterprise zone as Norwood Souvenir to Red Wing shifts 200 jobs out of state.
MENTIONED IN THIS ARTICLE
Rod Boshart
Gazette
Des Moines
Iowa
State Economic Development Board
Mike Tramontina
State Department of Economic Development
Tramontina
Tom Courtney
Burlington
Toby Shine
Spencer
Cedar Rapids
Norwood
Red Wing
Minn
Linn County
Johnson County
Minnesota
Rod
Flooded millwork firm pivots to recovery and niche supply
Spur Millwork president Billy Bloomhall surveyed 5 feet of floodwater at 225 K Ave NW as Cedar River neared 31.3 feet. He moved operations to Kwik-Way Products in Marion at 530 57th St to rebuild, salvage key knives, and gear toward cast molding panels and doors.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar River
Billy Bloomhall
Bloomhall
Spur Millwork
K Ave
Jen Hughes
Kwik-Way Products
Marion
57Th St
K Aven
Spur
Amanda LaRue Larkin
the Gazette
Dale Albaugh
Cedar Rapids
Time Check
Gerrod Martin
Ar-Jay Center expands with Iowa City acquisition
Cedar Rapids based Ar-Jay Center buys Kitchen and Bath Distributing of Iowa City at Sturgis Corner Drive effective Oct 1. Barbara Messer remains general manager as Ar-Jay plans to add lighting showroom and support services while expanding to Dubuque Waterloo and Quad Cities.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
Kitchen and Bath Distributing
Iowa City
Ar-Jay Center
Sturgis Corner
Array Center Vice Presi
Palmer
Messer
Ar-Jay
Ing
Dubuque
Waterloo
Quad Cities
Ralph Palmer
Array Center
Labels and money talk shape kids views on class
The piece warns that political labels like middle class blue collar and hockey moms blur meaning for children. Experts urge parents to discuss wealth as a mindset and teach sound financial habits while noting lessons on work and conservative spending can benefit anyone.
MENTIONED IN THIS ARTICLE
Fter
Mom
Leslie Linfield
Institute For Financial Literacy
Portland
Maine
Patricia Palmer
Center For Economic Education
University of Missouri-Kansas City
Palmer
Also Mentioned on This Page
First Ave
15Th St
Williams Boulevard
Dubuque & Market Streets
First Avenue
Coralville
Ine
Spurmillwork.com
I.C
David.dewitte
Gazcomm.com
Steve Rosen
Kansas City Star