Wall Street tightens as Fed decision looms on rates
Investors pull back amid consumer confidence slide ahead of the Federal Reserve rate decision. The Dow dropped 77.79 to 13,792.47 while the S&P 500 and Nasdaq eased slightly. Oil futures eased after Mexico’s production recovery and a higher gasoline price trend persisted. Iowa ethanol rose to 1.769 per gallon.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve
New York Mercantile Exchange
Iowa
Ethanolmarket.com
Procter & Gamble profits rise amid rising costs
Procter & Gamble reported a 14 percent quarterly profit gain to $3.08 billion or 92 cents per share for the July to September period. Sales climbed 8 percent to $20.2 billion while costs for commodities energy and investments may press margins in the next quarter. Excluding a German tax benefit, earnings were 90 cents per share.
MENTIONED IN THIS ARTICLE
Procter & Gamble Co
Iowa City
Procter & Gamble
Qwest profit soars on $2.15B tax benefit in Q3
Qwest Communications International reports a third quarter net income of $2.07 billion or $1.08 per share, aided by a $2.15 billion tax benefit. Revenue declines 1.5 percent to $3.43 billion as traditional phone lines lose ground. Excluding special items, earnings reach $269 million or 14 cents per share.
MENTIONED IN THIS ARTICLE
Qwest Communications International Inc
Qwest
Gas Prices Survey in the Corridor
A random survey of gas prices in the Corridor reports a low price today of 2.13 dollars per gallon as of yesterday afternoon.
Fed expected to cut rates amid housing slump and credit crunch
The Federal Reserve faces a two day meeting with expectations of a quarter point cut to 4.50 percent to ease strains from housing weakness and credit tightening. A prior 17 billion dollar liquidity infusion and oil price spikes add to uncertainty about inflation and growth.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
Central Bank
Cedar Rapids firms win Bravo awards at Good Morning event
King's Material Inc The Second Act and Metro Studios earned Bravo awards from the Cedar Rapids Area Chamber of Commerce at the Good Morning Cedar Rapids breakfast sponsored by Guaranty Bank. Over 600 business leaders attended at the Crowne Plaza Five Seasons Hotel. King’s Material traces to 1882 and has supplied sand and concrete for many local projects.
MENTIONED IN THIS ARTICLE
George C. Ford
Vtte Edar
William King
Cedar Rapids
Cedar River
Kingston
King
Wm. King & Co
First Street NW
Charles Rohde
King’s Material
Rohde
Good Morning
Amy Johnson Boyle
Scott Sanborn
Metro Studios Profiles Growth From Video to Full Service Agency
Metro Studios in Hiawatha has evolved from a 1985 video production company into a full service firm offering market research brand development video audio Web print and digital photography. The Second Act of Cedar Rapids marks 40 years with a Bravo Award from the Area Chamber of Commerce highlighting its three consignment stores selling men’s and women’s apparel household goods and sports clothing.
MENTIONED IN THIS ARTICLE
Hiawatha
Cedar Rapids
Merrill Lynch fires CEO as credit crisis widens
Merrill Lynch announces the departure of Stanley O Neal after a 2.24 billion quarterly loss. Laurence Fink of BlackRock turned down an initial board overture. The firm warns of multi billion write downs and faces a difficult search for a new chief.
MENTIONED IN THIS ARTICLE
New York
Merrill Lynch
Stanley O'Neal
O’neal
Laurence Fink
BlackRock Inc
Merrill’s
Merrill
How to Get Your Resume Noticed
Recruiters scan resumes in minutes using keywords and repeated terms to identify worth. Emphasize top qualifications and move relevant jobs up, then boost your Google footprint by attending events and staying professional. Reach insiders via professional groups and events at target firms, then reapply if necessary to stand out.
MENTIONED IN THIS ARTICLE
John Sullivan
San Francisco State University
Sullivan
Google
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15Th St
Williams Boulevard
Dubuque & Market Streets
First Avenue
Coralville
Conference Board
Bernanke
Brian Ray
the Gazette
King’s Material Inc
Cedar Rapids Area
C.R. Companies
Bravo
Metro Studios
The
Jim Slosiarek
Credit Crisis Claims Casualty
Wachovia Corp
Wachovia
Morningstar
Ryan Lentell
Stanley O’neal
Steve Rosen
Kansas City
Sta
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