Wall Street dips as railroads weigh market after earnings glow
Stocks retreat as cautious railroad forecasts and dollar strength push commodity prices lower. The Dow falls 109.13 to 9,972.18, S&P 500 down 13.31 to 1,079.60, Nasdaq off 10.82 to 2,154.47. Week: Dow -0.2%, S&P -0.7%, Nasdaq -0.1%. Electrolux to close two Iowa plants by 2011, 850 jobs cut. Webster City plant closes early 2011, Jefferson facility ends 2010. 75 jobs remain at Iowa technology center.
MENTIONED IN THIS ARTICLE
Electrolux
Iowa
Mexico
Webster City
Jefferson
Housing sales surge in September driven by first time buyers
Home resales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, the largest monthly gain in 26 years, as buyers rushed to close deals before the first time homebuyer tax credit expired. The August pace was 5.1 million, revised downward.
MENTIONED IN THIS ARTICLE
National Association of Realtors
Whirlpool profit rises on cost cuts despite lower sales
Whirlpool Corp. raised its profit outlook for the year as aggressive cost-cutting helped temper sharp sales declines. In the latest quarter the Benton Harbor based firm earned 87 million dollars, 1.15 per share, down from 163 million, 2.15 per share a year earlier, as sales fell eight percent to 4.5 billion from 4.9 billion.
MENTIONED IN THIS ARTICLE
Whirlpool Corp
Amana
Whirlpool
Benton Harbor
Mich
Bank Closings Hit 100 This Year In Historic Wave
Regulators shut Partners Bank in Naples Florida bringing total U S bank failures to 100 for the year the highest count since 1992. FDIC took over with 63.4 million in deposits and 68.7 million in assets. Stonegate Bank agreed to absorb deposits and assets.
MENTIONED IN THIS ARTICLE
Washington
Partners Bank
Florida
Federal Deposit Insurance Corp
Naples
Stonegate Bank
Fort Lauderdale
Fla
Federal Deposit Insurance Fund
FDIC
Call centers ride outsourcing boom through recession
The Gazette report shows Iowa call centers thriving as outsourcing expands. Infinity Contact adds 50 to 60 jobs while PRC grows its Cedar Rapids operation and TMone plans about 50 new posts next year. Tom Cardella's firm doubles staffing to 800, overselling capacity by 20 percent.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Infinity Contact
Cedar Rapids
PRC
Tmone
Thomas L. Cardella
Sean Minter
FDA halts Smart Choices labeling amid FDA concerns
The Smart Choices nutrition labeling program from Kellogg Kraft and General Mills will be postponed after the FDA said such green logos could mislead consumers about health benefits. The FDA will define criteria for nutrition claims as the industry suspends active operations during the investigation.
MENTIONED IN THIS ARTICLE
Portland
Ore
U.S
Food and Drug Administration
Smart Choices
Kellogg Co
Kraft Foods Inc
General Mills Inc
Washington
FDA
Richard Kahn
Also Mentioned on This Page
Wall Street
Tomers
Ali
Minter
Tom Lehdigh
Anthony Marlowe
Lehdigh
David.dewitte
Gazcomm.com
Brian Ray
the Gazette Prc
Jennifer Lee
Thomas Cardella
Thomas L Cardella
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