Wall Street gains as Bush and Bernanke reassure markets
Wall Street ended a volatile week with a strong Friday rally as investors welcomed comments from President Bush and Federal Reserve Chair Ben Bernanke. The Dow rose 119.01 to 13,357.74, the S&P 500 climbed 16.35 to 1,473.99, and the Nasdaq gained 31.06 to 2,596.36.
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Wall Street
Bush
Federal Reserve
Ben Bernanke
Standard & Poor
Iowa launches tax amnesty reducing penalties and interest
A new state tax amnesty program starts Tuesday allowing delinquent taxpayers to pay with no penalty and half interest. The 50 percent interest reduction applies to eligible overdue taxes and runs Sept 4 through Oct 31, 2007, per Iowa Department of Revenue spokeswoman Renee Mulvey. Information is available via toll free number, email, or the program website.
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Renee Mulvey
Iowa Department of Revenue
Mulvey
Iowa General Assembly
Toyota eyes 2009 sales of 10.4 million vehicles
Toyota Motor Corp plans to sell 10.4 million vehicles worldwide in 2009, aiming to surpass General Motors’ 30 year old record. Analysts see Toyota on track to become the world’s largest automaker by sales and production this year.
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Toyota
General Motors
Toyota Motor Corp
Buffett increases stake in Burlington Northern to 15 percent
Warren Buffett through his investment company bought 845000 shares of Burlington Northern Santa Fe Corp boosting his stake to 15 percent or nearly 53 million shares. The Fort Worth based railroad is cited as a growing appeal compared with past years.
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Warren Buffett
Burlington Northern Santa Fe Corp
Securities and Exchange Commission
Fort Worth
Buffett
Bush unveils mortgage proposals to curb defaults
President Bush proposed FHA insured refinances for about 60,000 homeowners behind on payments and a new risk based pricing plan for another 20,000 borrowers. The plan aims to ease debt pressure, help lenders, and calm turbulent markets without bailing out buyers who overextended themselves.
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Bush
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National Association of Home Builders
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Energy expo leaders push sustainable design benefits
Two groups sponsor Corridor energy expos next week to address energy security and rising costs. Architect Kate Schwennsen, former AIA president, stresses buildings can use less than half the energy with little extra cost. She cites photovoltaic advances and glass tech boosting payback, plus indoor air quality and daylight benefits.
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Iowa State University College of Design
American Institute of Architects
Schwennsen
Salon
Vanity Fair Magazine
U.S
Cliff Jette
The
Gazette
van Allen
North Liberty
Solon High School
Nine big mortgage mistakes to avoid when buying a home
Bankrate outlines nine common mortgage errors including ignoring credit reports overborrowing changing jobs cutting down on credit cards and not leveraging a HELOC. It warns that credit report errors are common and that overextending can hurt long term finances while job stability and credit health influence loan terms.
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