Wall Street Mixed as Oil Edges Up and Housing Cools
Stocks closed mixed with the Dow down 20.40 to 13,892.54 while the S&P 500 rose 2.71 to 1,541.24 and the Nasdaq gained 28.76 to 2,792.67. Yahoo and Intel posted upbeat earnings, supporting tech shares as housing concerns linger. Cedar Rapids Iowa City area home permits rose with North Liberty increasing sharply. National housing starts fell 10.2 percent to 1.191 million annual rate in September.
MENTIONED IN THIS ARTICLE
Wall Street
Yahoo Inc
Intel Corp
Cedar Rapids
Iowa City
North Liberty
Commerce Department
Inflation Edges Up in September With Core Inflation Flat
The Labor Department reports consumer prices rose 0.3 percent in September driven by higher energy and food costs. Core inflation rose 0.2 percent, meeting expectations. Wellmark Blue Cross seeks nearly 7.5 million in state tax credits for a 194 million downtown Des Moines headquarters, pledging 63 new jobs and 1,577 current staff to be housed on a 6 acre Western Gateway site. Des Moines offers incentives up to 20.2 million.
MENTIONED IN THIS ARTICLE
Labor Department
Wellmark Blue Cross
Blue Shield
Des Moines
Wellmark
Western Gateway
Gas Price Survey in the Corridor
A random survey shows average gas prices in the Corridor as of yesterday afternoon. Prices are rounded up to the nearest cent to reflect current station listings across the region.
ITC Holdings to base Iowa HQ in downtown Cedar Rapids
Novi Michigan based ITC Holdings will lease 19000 square feet on the Town Centre third floor in Cedar Rapids for its Iowa headquarters as part of its 750 million sale of Interstate Power and Light assets. The move aims to speed post sale handover and support up to 50 jobs including management and field operations. Regulatory approvals from FERC ICC Minnesota PUC are still pending with closing anticipated by year end.
MENTIONED IN THIS ARTICLE
David DeWitte
The
Gazette
Interstate Power & Light
Lowa
Cedar Rapids
ITC Holdings
Novi, Mich
Allianz
Third Ave
Cheryl Eberwein
ITC
Eberwein
Tiffany Earl
NAI/Iowa Realty Commercial
Interstate Power & Light System
Iowa
Tom Aller
Aller
Alliant
Missouri
Minnesota
Illinois
Ip&l
Alliant Energy
Earl
Federal Energy Regulatory Commission
Illinois Commerce Commission
Minnesota Public Utilities Commission
David Jewitte
Hiring hurdles ease with Skills Advantage program
U S Nameplate Co in Mount Vernon considers applicants taking a skills test under Kirkwood Community College's Skills Advantage. The move aims to improve math and technology skills among job seekers. The Workplace Learning Connection urges employers involvement to connect classroom learning to real jobs and close the skills gap.
MENTIONED IN THIS ARTICLE
Janet Borholm
the Gazette
Wolfe
U.S. Nameplate Co
Mount Vernon
Kirkwood Community College
U.S
Mary Lou Erlacher
State expands probe into Iowa insurance sales by Cedar Rapids man
Iowa regulators broadened their inquiry into possible illegal insurance sales by Jack Straw of Cedar Rapids. They suspended his license and refer some cases to federal agencies while urging Straw’s former clients to review policies with 50 listed insurers, including Life Investors and Metropolitan Life. Straw’s clients spanned Cedar Rapids Mason City Waterloo and other Iowa communities.
MENTIONED IN THIS ARTICLE
David DeWitte
Gazette
Jack Straw
Cedar Rapids
Straw
Tom Alger
Iowa Insurance Division
Alger
U.S. Postal Inspection Service
Federal Bureau of Investigation
Iowa
Life Investors
Mutual of Omaha
ING USA Annuity and Life
Metropolitan Life
Mason City
Waterloo
Clear Lake
Dunkerton
Bornsaver seeks fund makeover and smarter savings plan
Wille, a media planner from St. Louis Park Minnesota saving about 11 percent of salary with a $4,000 car loan and $19,000 student debt, meets adviser Joe Pitz to rebalance retirement funds and propose a Roth IRA. He suggests 20 percent in bonds 30 percent large cap 20 percent small cap and 30 percent international, while directing $250 monthly to a Roth IRA and diverting the $2,000 coming due CD into the Roth.
MENTIONED IN THIS ARTICLE
Egan Wille
Wille
St. Louis Park
Joe Pitz
Plymouth
Minn
GEN Financial
Pitz
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15Th St
Williams Boulevard
Casey's
Dubuque & Market Streets
First Avenue
Coralville
Electric Transmission System Buyer
Erlacher
Kirkwood
Grant Wood Area Education Agency
Area Chambers of Cam
Merce
Mark Tade
the Gazett
Rockwell Collins
Andrew Shores
Matthew Hennesy
ISU
Marion
C.R. Man’s
Insurance Division
Benefit Services Corp
Iid.state
David.dewitte
Gazettecommunications.com
Bornsaver
McGuire ON
MONEY
Minneapolis Star Tribune
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