Wall Street Gains as Earnings Forecasts Lift Markets
Stocks rally after Walmart raised sales growth expectations and easing loan loss fears boost financial shares. Dow up 131.95 to 10081.31, S&P 500 +11.51 to 1092.91, Nasdaq +14.56 to 2165.29. Mercy Medical Center in Cedar Rapids unveils Sim Man simulator with $100000 donation funding the lab.
MENTIONED IN THIS ARTICLE
Walmart Stores Inc
Standard & Poor
Mercy Medical Center
Cedar Rapids
McIntyre
Mercy
Scotty McIntyre
United Fire & Casualty
Panel votes to create U.S. consumer agency
A House Financial Services Committee vote approved the creation of the Consumer Financial Protection Agency by a 39 to 29 margin. Democrats and consumer groups back the plan, faulting regulators for insufficient protections as the financial crisis neared, while Republicans and banking groups oppose it.
MENTIONED IN THIS ARTICLE
U.S. House
House Financial Services Committee
Consumer Financial Protection Agency
Rates on 30 year home loans rise above 5 percent
The 30-year fixed mortgage averaged 5.00 percent this week, Freddie Mac said, up from 4.92 percent last week. It is the highest since September 24 when it averaged 5.04 percent. The 15-year fixed rate rose to 4.43 percent from 4.37 percent.
MENTIONED IN THIS ARTICLE
Freddie Mac
Home building down as condos rise in region markets
Ruhl & Ruhl Realtors report a financing drought hits single-family homes and new builds in Dubuque Iowa City Quad Cities with a 28 percent fall in Quad City and 26 percent in Iowa City nine months into the year. Condo sales rise 18 percent shifting market share though higher condo activity occurs at lower price points. North Liberty mirrors the shift with 55 freestanding homes and 183 condominiums sold year to date, a 16 percent total sales drop.
MENTIONED IN THIS ARTICLE
George G. Ford
Gazette
Ruhl & Ruhl Realtors
Davenport
Dubuque
Iowa City
Illinois and
Towa Quad Cities
Quad City
Ruhl & Ruhl
North Liberty
Cedar Rapids
Reopening Brings Life Back to Cedar Rapids Cherry Building
After $2 million reinvestment and thousands of hours from flood volunteers the 1919 Cherry Building in Bohemian District resumes activity. Chadima family owners restored hardwood floors replaced damaged windows and added Town Ceramics Center and artist residences while welcoming new tenants and programs.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Edar Rapids
Cedar Rapids
Bohemian Commercial
David Chadima
Thorland Co
Chadima
Chadimas
Iowa Art Works
State of
Iowa
Ben Jensen
Liz Martin
the Gazette
Amy Anderson
Marion
Ashley Fulton
Iowa City
Ceramics
Cherry Building
New Bohemia
Joni Fassler
Fraud risk in first time homebuyer tax credit program
Treasury inspector general J Russell George told a House subcommittee that about 100000 of 1.5 million claimed the 8000 credit amid a rush to launch the program. He cited 580 claimants under 18 seeking 4 million, and 19000 filed returns for homes not yet purchased, totaling 139 million, with another 500 million in claims flagged for prior ownership.
MENTIONED IN THIS ARTICLE
Washington
Congress
J. Russell George
Treasury
Tax Administration
George
Internal Revenue Service
House
Ways and Means Committee
Charles Boustany Jr
Louisiana
Rep
John Lewis
Dga
IRS
Lewis
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G.R. Mercy Unveils Medical Simulation Lab
U.S. Consumer Agency
George.ford
Gazcomm.com
Third Street SE
Kouba
Third St
David.dewitte
Conair
Pang
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