Wall Street ends week higher on easing Katrina fears
The Dow rose to 10,678.56 up 82.63 while the Nasdaq gained 9.48 as oil cooled and hopes for Gulf rebuilding steadied markets. McLeodUSA lenders extended forbearance to Sept. 30 amid talks on a capital restructuring and potential shareholder loss.
MENTIONED IN THIS ARTICLE
Wall Street
Gulf Coast
Peter Cardillo
S.W. Bach & Co
New York Stock Exchange
Dow
S&p
McLeodusa Inc
McLeod- USA
McLeodusa
Amtrak Plans Nationwide Fare Hikes Over Fuel Costs
Amtrak will raise fares nationwide to offset higher energy costs with a 50 percent rise for monthly Northeast Corridor passes. The average national fare will climb by about $3 while Northeast Corridor fares rise about $4. The changes take effect September 20 as fuel costs have surged nearly 40 percent over a year.
MENTIONED IN THIS ARTICLE
Amtrak
Northeast Corridor
RBC Dain Rauscher CEO resigns and successor named
The chief executive of the Minneapolis based RBC Dain Rauscher is leaving the company. Brian Peters who has led the 143 branch firm since May 2003 will be replaced by John Taft who runs Voyager Asset Management and directs private wealth management. The firm has offices in Cedar Rapids and Iowa City.
MENTIONED IN THIS ARTICLE
RBC Dain Rauscher
Brian Peters
Royal Bank of Canada
Peters
John Taft
Voyager Asset Management Group
Taft
RBC Daii Rauscher
Cedar Rapids Exhibition Center Faces Foreclosure Action
A bank forecloses on the Cedar Rapids Exhibition Center at 4500 Wilson Ave SW over a 3.1 million debt tied to owner Jody Keener after a 2021 divorce ruling with Connie Hung. The center has limited bookings due to storage use and high taxes, with a receiver sought to protect value and potential sale looming.
MENTIONED IN THIS ARTICLE
Gazette
Cedar Rapids
Wilson Ave
Jody Keener
Farmer State Bank of
Marion
Alpha International
Pha International
Connie Hung
Keener
Bob Wilson
Wilson
Lular Center
Cedar Rapids Exhibition Center
Ter
East Iowa
Hawkeye Downs
Farmers State
Stephen Nelson
Katrina to Hurt Harvest Less Than Expected
Analysts say the Katrina storm will cause only a short term hiccup for U S agriculture. Barley barges and shipping slowdowns persist but exports to Japan and Korea remain robust and harvest is near normal by upcoming weeks.
MENTIONED IN THIS ARTICLE
New Orleans
Mississippi River
Chicago Tribune
U.S
Mississippi
Japan
Korea
Dan Basse
Chicago
AgResource
Basse
Midwest
Richard Feltes
Refco Inc
Linn County Co-op to sell E85 fuel in Marion Iowa
Linn County Oil Go-op plans an E85 station at 375 35th St in Marion likely by month end. The cost is $2.29 a gallon for E85 while standard ethanol blends run $2.89. The co-op buys from Magellan Pipeline and estimates 7,000 to 8,000 E85 compatible cars in Linn and surrounding counties.
MENTIONED IN THIS ARTICLE
Linn County
Marion
Marlene Lucas
Gazette
Iowa
Cedar Rapids
Iowa City
Nevada
West Burlington
Linn
John
Oil prices slide as Ophelia drifts away from Florida
Crude oil and gasoline futures edged lower after Ophelia moved off Florida's coast. Oct delivery crude fell to 64.08 as Brent settled at 62.84, while gasoline at 1.9597 a gallon. The IEA trimmed projected oil demand growth this year and next, citing high prices before the storm.
MENTIONED IN THIS ARTICLE
New York
Ophelia
Florida
New York Mercantile Exchange
Nymex
Brent
London
International Petroleum Exchange
Phil Flynn
Alaron Trading Corp
Chicago
International Energy Agency
Northwest seeks deeper cuts from striking mechanics
Union negotiators and Northwest Airlines discussed a proposed job loss plan including roughly 3,500 layoffs, up from 2,000, as the carrier seeks labor savings of about 203 million. The talks, centered in a downtown hotel, aim to avert a longer strike from 3,000 active mechanics.
MENTIONED IN THIS ARTICLE
Minneapolis
Northwest Airlines
Jeff Mathews
Mathews
Northwest
Kurt Ebenhoch
Ken Reed
Aircraft Mechanics Fraternal Association
Duluth
Reed
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Bole
RBC
Dain
First Ave
15Th St
C.R. al-Mart
Southwest
C.R. HandiMart
Dubuque & Market
Coralville
C.R. Exhibition Center
Nelson
Hawkeye Downs Expo Center
Brad Steffens
All-Iowa Agricultural Association
Steffens
David.dewitte
Gazettecommunications. Com
Terry Franci
American Farm Bureau
Washington, D.C
Franci
Joe Victor
Allendale Inc
McHenry
Airy
Heart of Iowa Cooperative
Illinois
Qar
Brad
Marlene
Locas
Gazettecommunications.com
Department of Energy
Union
APAC
Aegon NV
Maytag
Alcoa Inc
Mestek
Nash Finch
Alliant Energy Pearson PLC
Arch Dan Mid
Bandag Inc
Penford Corp
Caseys Gen Store
PepsiCo
Columbus McKinnon
Procter & Gamble
Come Feds
Qwest Commun
RF Micro Devices
Deere Co
Dillards Inc
Ralcorp Holding
Fastenal Co
Regions Fuel
Toyota Met
Heinz
WalMart
MCI Inc
Wells Fargo & Co
Marsh & McLennan
Weyerhauser
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