Wall Street ends volatile session with broad gains on earnings
Wall Street closed higher as investors shrugged off economy concerns after solid results from Apple and American Express. The Dow rose 109.26 to 13676.23, while the S P 500 gained 13.26 to 1519.59 and the Nasdaq climbed 45.33 to 2799.26. Oil futures fell as fuel inventory data loom. December crude slipped to 85.06 while ethanol prices edged down to 1.751 per gallon.
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Apple Inc
American Express Co
Apple
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Ethanolmarket.com
Burlington Northern Santa Fe posts Q3 profit gains
Burlington Northern Santa Fe Corp reports third quarter earnings of 530 million dollars or 1.48 per share up 8 percent from a year earlier. Revenue rises to 4.07 billion with shipments down 4.7 percent as agricultural volumes climb 10 percent. Heartland Express also falls short with EPS down 22 percent to 17.1 million on 146.6 million in revenue.
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Burlington Northern Santa Fe Corp
Wall Street
Fort Worth
Heartland Express Inc
North Liberty
Gas price survey in the Corridor
A random survey of gas prices in the Corridor as of yesterday afternoon shows prices rounded to the nearest cent. The report notes typical regional variations and highlights average differences among stations.
AMT relief urged as Congress faces tax fairness issues
U S Senator Grassley Iowa warns delays in AMT relief will cause confusion and hardship for middle income taxpayers and IRS administrative headaches. Lawmakers back bipartisan AMT reform aiding taxpayers who lost money on incentive stock options amid tech bubble fallout.
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Iowa
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Coalition For Tax Fairness
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Maryland
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Sam Johnson
Texas
Richard Neal
D-Mass
Jim Ramstad
Rminn
Goodbye Watson Leads Goodwill Heartland Through Transformation
John Watson retires in June as Goodwill of the Heartland president and CEO after 28 years of growth from two Iowa City and Cedar Rapids stores to a multi-state network. Revenue rose from 618000 in 1979 to 16.9 million last year with 340 staff serving 1245 clients. He credits staff and boards for expansion and plans to stay on as temporary CEO elsewhere and participate on local boards.
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Goodwill of the Heartland
Goodwill
Cedar Rapids
Bettendorf
Clinton
Coralville
Davenport
Iowa City
Marion
Muscatine
Washington
Iowa
Moline
Rock Island
Watson
Allsteel
George
Ford
Gazettecommunications.com
Iowa adds 4100 jobs in September amid stable overall jobless rate
Iowa payrolls grew by 4100 in September after August stagnation, keeping the statewide unemployment rate at 3.9 percent. The Cedar Rapids MSA saw the rate rise to 3.8 percent while Iowa City MSA held at 2.9 percent. Job gains came mainly from government, construction, financial services, and leisure and hospitality with total nonfarm employment rising across several MSAs.
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Iowa
David DeWitte
Gazette
Elisabeth Buck
Iowa Policy Project
Cedar Rapids
Cedar Rapids Msa
Iowa City Msa
Iowa City
Fort Madison-Keokuk
West Des Moines
Nitrogen as tire fill not a cure-all buying trend grows
Auto shops and dealers charge 20 to 50 dollars to fill tires with nitrogen claiming better pressure mileage wear and safety. Some shops offer free refills while noting nitrogen slows leakage but experts warn no guarantee and urge continued tire checks.
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Carfix
Garner
N.C
Mike Allen
National Highway Traffic Safety Administration
Steve Phillips
AAA
Carolinas
Phillips
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