Stocks ease on jobs data as Intel warning weighs
Technology shares led losses on Friday after a weak jobs report failed to ease investors concerns about Intel Corp. profits. The Dow fell 30.08 to 10,260.20 while the Nasdaq slid 28.95 to 1,844.48 as analysts noted mixed economic signals. Procter & Gamble sued Coca Cola over patents on preservation in Minute Maid drinks amid ongoing litigation.
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Wall Street
Intel Corp
Ken Tower
Schwab
New York Stock Exchange
Dow
Procter & Gamble Co
Coca-Cola Co
Cincinnati
Ohio
Procter & Gamble
Coke’s
Minute Maid
Iowa City
North Liberty firm seeks 120000-square-foot distribution center
J M Swank Co a ConAgra Foods unit plans a 120000 square foot corporate office and central distribution center off I 380 in North Liberty The project would add a major facility in the Technology Corridor joining other ingredient makers like Red Star Yeast J Rettenmaier and ADM with national and regional offices in Chicago and Dallas.
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George C. Ford
Gazette
North Liberty
North Liberty Planning and Zoning Commission
Interstate 380
J.M. Swank Co
ConAgra Foods
I-380
J.M. Swank
W. Penn St
Chicago
Dallas
Dairy show to return at National Cattle Congress in Waterloo
The National Cattle Congress resumes after absence since 1997 with a dairy show at the Pullin Simonsen Arena in Waterloo from Sept 16 to 19. Holstein Ayrshire Brown Swiss Guernsey Jersey and Milking Shorthorn classes showcase dairy cattle. entries due Friday. A Steer Heifer and Feeder Call Show is Sept 19 and a Swine Show Sept 18. For details call 319 234 7515 or email info nationalcattle congress com.
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Waterloo
Guernsey
Jersey
Pullin-Simonsen
Nationalcattlecongress.com
Grassley touts economic clover at Nasdaq opening
Senate Finance Chair Chuck Grassley praised Bush tax policy as spurring job growth while opening NASDAQ. He cited August gains of 144000 jobs and unemployment at 5.4 percent, urged against higher taxes, and framed the election as a choice on investment policy.
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Rod Boshart
Gazette
New York
U.S
Chuck Grassley
Iowa
America
Bush
Grassley
Senate Finance Committee
Congress
August Hiring Rises Modestly with 144000 Jobs Added
U S employers added 144000 payrolls in August and the unemployment rate fell to 5.4 percent. June and July gains were revised higher to 169000 combined, with 22000 factory jobs added in August signaling a cautious pickup in the economy.
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Washington
Lynn Reaser
Banc of America Capital
Statue of Liberty artifacts auction denied by owner
The owner of artifacts salvaged from the Statue of Liberty and Ellis Island says an online auction on eBay was unauthorized. Items included 18 metal pieces from the original 1886 frame and 25 bricks from Ellis Island’s 1916 building.
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Statue of Liberty
Jersey City
N.J
Ellis Island
eBay
Chris Donlay
Associated Press
Carl Malek
Gold Leaf Corp
Fayetteville
Malek
Stocks
John R. Stocks
Four Star
Asheville
N.C
30 year mortgage rates drop to five month low
Freddie Mac reports week ending Thursday 30 year fixed rates at 5.77 percent, down from 5.82 percent, lowest since April. Fifteen year loans at 5.15 percent, one year ARMs at 3.97 percent. Fees noted at 0.8 points for 30 year and 1 year ARMs.
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Washington
Freddie Mac
Frank Nothart
Wall Street
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Economy.com
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