Wall Street Ends October Down as Markets Tumble
Grim signals on consumer spending spooked investors and pushed the S P 500 and Nasdaq lower for October ending seven months of gains. The Dow fell 249.85 to 9 712 738. Cit Group said Carl Icahn will back its restructuring with a 1 billion line of credit. The Commerce Department noted a 0.5 percent September drop, the first in five months, while wages fell 0.2 percent and wages and benefits rose 1.5 percent in the year to September.
MENTIONED IN THIS ARTICLE
Standard & Poor
CIT Group Inc
Carl Icahn
CIT
Icahn
Commerce Department
OSHA hits BP with record $87 million fine
OSHA imposes a record 87 million penalty on BP PLC for failing to fix safety hazards after the 2005 Texas City refinery explosion that killed 15 workers. The six month inspection found hundreds of violations of the 2005 settlement. BP contests the fine claiming compliance with the deal.
MENTIONED IN THIS ARTICLE
Occupational Safety and Health Administration
BP PLC
Texas City
OSHA
Alliant Energy posts third quarter loss amid weak demand
Alliant Energy the Cedar Rapids based parent of Interstate Power and Light posted a 44.3 million loss for the quarter ended Sept 30 2009 40 cents a share down from 128.2 million or 1.16 per share a year earlier The decline reflected a 128.2 million noncash charge tied to a tender offer for exchangeable senior notes and lower retail electric demand wholesale demand and industrial sales in Wisconsin Power and Light The company plans rate increases in 2010 to help offset costs and Whisling Willow Wind Farm construction is ongoing by Interstate Power and Light
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Alliant Energy
Interstate Power & Light
Cedar Rapids
RMT
Wisconsin Power & Light
Alliant
Bill Harvey
Harvey
Whispering Willow
Screening all airline cargo by next August faces staff shortages
The Orlando Sentinel reports federal and industry officials fear thousands of tons of cargo will be grounded as private screeners must be certified by Aug. 3 to ensure bomb screening of freight aboard passenger planes. Current certification rates hint at a shortage of qualified screeners and a complex chain of custody across the shipping process.
MENTIONED IN THIS ARTICLE
Orlando Sentinel
Orlando
Fla
Transportation Security Administration
Marc Rossi
The
Transportation Agency
Rossi
Cheryl Stockstad
Limitless International Inc
Bank faces reduced punitive damages in Iowa loan case
Iowa Supreme Court trimmed an $838,000 award against Hawkeye State Bank and ordered a new damages hearing. The ruling centers on fraud claims linked to a 1998 investment in RJ Manufacturing and a $1.5 million bank loan guaranteed by Joseph Spreitzer and Byron Ross.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Iowa Supreme Court
Cedar Rapids
Hawkeye State Bank
Johnson County District Court
Joseph Spreitzer
Spreitzer
RJ Manufacturing
Byron Ross
Ross
Ray Glass
Solon
Iowa City
Glass
Walker Manufacturing
Amanda Potterfield
Supreme Court
Also Mentioned on This Page
Wall Street
CIT Group
David. Dewitte
Gazcomm.com
David, Dewitte
Javes
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