Mixed close on stocks as Katriana hurricane spurs caution
Wall Street ended uneven after a session driven by slower manufacturing growth and consumer spending concerns. The Dow fell to 10,459.63 while the Nasdaq slipped to 2,147.90 as investors weighed hurricane impact and housing market strength. Federal prosecutors opted not to pursue MCI fraud charges. Home prices rose 13.4 percent year over year through June, with mortgage rates easing to 5.71 percent for 30-year fixed loans.
MENTIONED IN THIS ARTICLE
Wall Street
Ken Tower
Schwab
New York Stock Exchange
U.S
Office of Federal Housing Enterprise Oversight
Fannie Mae
Freddie Mac
Patrick Lawler
Boeing 787 flight deck debuts with larger displays
The Boeing 787 flight deck unveils five 12x9 inch displays doubling screen area over the 777. Rockwell Collins provides Integrated Surveillance System and modular controls. Fifty-plus customers commit to 256 aircraft as deliveries begin in late 2008.
MENTIONED IN THIS ARTICLE
the Gazette
Boeing
Cedar Rapids
Bair
Rockwell Collins
Collins
Greg Irmen
Boeing Programs
Cargill settles emissions case with $135.1 million deal
Cargill Inc will pay 135.1 million dollars including a 1.6 million civil penalty to settle a federal complaint over underreported emissions at 13 states plants. The agreement funds VOC reductions, wetlands restoration efforts in Cedar Rapids and Eddyville Iowa, and provisions across the United States. District Attorney Charles Larson Sr. called the pact a boost for air quality and local environmental projects. The consent decree awaits a 30 day comment period in Minneapolis federal court.
MENTIONED IN THIS ARTICLE
Dave DeWitte
New Gazette Cargill Inc
Cargill
16Th St
Cedar Rapids
Indian Creek Nature Center
Iowa
Eddyville
Archer Daniels Midland
ADM
Bill Brady
United States
Nebraska
Richard Patterson
Indian Creek
U.S
Charles Larson Sr
Federal District Court
Minneapolis
Wayzata, Minn
Mark Tade
the Gazette
Cargill Inc
U S savings rate hits record low amid Katrina uncertainty
Americans saved little in July as the savings rate turned negative at minus 0.6 percent while consumer spending rose 1 percent. In August retailers stayed strong despite high energy costs, but Katrina's impact raised fears of reduced discretionary purchases as gasoline surpassed 3 dollars in parts of the country.
MENTIONED IN THIS ARTICLE
Washington
Gulf of Mexico
Commerce Department
Ameri
United Fire relocates employees after Katrina surge
Cedar Rapids based United Fire and Casualty Co moves about 15 New Orleans staff to Galveston Texas while 30 employees are accounted for. A storm team will operate from Hammond Louisiana. Cedar Rapids remains claims central with extended hours.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Cedar Rapids
New Orleans
United Fire & Casualty Co
Galveston
Texas
John Rife
United Fire
Rife
Hammond
Claims Central
Louisiana Insurance
United
Midwest index rises as confidence sinks in August
The Mid-America region's overall index climbs to 60.4 in August while the confidence index slips to 54.1, the lowest since the 2001 recession. Prices paid soar 73.1 as higher energy costs curb job growth in manufacturing sectors. Iowa's index also cools but shows growth into Q4.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Mid-America
Creighton University Economics
Ernie Goss
Goss
Creighton
Iowa
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Coe
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McI
WorldCom
Manhattan
David Kelley
Bernard Ebbers
Scott Sullivan
1St Ave
15Th St
C.R. WalMart
Southwest C.R. HandiMart
Dubuque & Market
C. BP
Coralville
David.dewitte
Gazettecommunications. Com
Boeing Co
G.A
Gazette ‘Cations
Sondjfmamj
Department of Commerce
Katrina
Mark Zandi
Economy.com
George.ford
Gazettecommunications.com
John Rife United Fire
U.S. Gulf Coast
APAC
Aegon NV
Maytag
Alcoa Inc
Mestek
Nash Finch
A Alliant Energy Pearson PLC
Arch Dan Mid
Bandag Inc
Penford Corp
Caseys Gen Store
PepsiCo
Columbus McKinnon
Procter & Gambie
Comci Feds
Qwest Commun
RF Micro Devices
Deere Co
Dillards Inc
Ralcorp Holding
Fastenai Co
Regions Frei
Featherlite Inc
Fiserv
Saks Inc
Sealed Air Gen Mills
Gillette Co
Skyworks Solution
HMI Corp
Tanger Factory
Heartland Exp
Terex Co
Heinz
Toyota Met
Verizon Comm
WalMart
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