Wall Street Posts Fifth Straight Gain as Stocks Rally
U S stock markets advance for a fifth day with the Dow up 0.8 percent to 9627.48 and the S&P 500 at 1044.14 while the Nasdaq gains 1.2 percent. Strong oil and jobless claims data boost optimism about the economy. Separately Gannett sells the Press-Citizen building at 1725 N Dodge St to Hodge Group of Iowa City for about 3.75 million. NuStar builds a 12.5 mile Kansas pipeline boosting Midwest fuel flow. Monsanto plans 8 percent more job cuts with 2009 earnings at the low end of forecasts.
MENTIONED IN THIS ARTICLE
Treasury Securities
Dow
Hodge Group
Iowa City
Press-Citizen
N. Dodge St
Gannett Inc
Jeff Edberg
Lepic- Kroeger Realtors
NuStar Energy L.P
Kansas
Midwest
Iowa
Nebraska
Dakotas
NuStar
el Dorado
Kans
Potwin
Monsanto Co
Monsanto
Kelli Powers
Frugality hits stores as shoppers trim nonessential buys
Faced with high unemployment and restricted credit, shoppers limit purchases to essentials or best deals. Retailers pull back on shelf space and inventory, avoiding risky stock choices to stay afloat.
MENTIONED IN THIS ARTICLE
EW York
Steve Sadove
Saks Inc
Saks Fifth Avenue
Millard Drexler
J. Crew Group
Iowans Remain Among Lowest Credit Risk in Nation
TransUnion’s Credit Risk Index shows Iowa at 95.26 in Q1 2009, up from late 2008 and under four states. National index was 127.2, with Mississippi highest at 166.45 and Texas Nevada California also elevated. Iowa’s foreclosure rates were comparatively low.
MENTIONED IN THIS ARTICLE
Iowa
TransUnion
North Dakota
Minnesota
Vermont
South Dakota
Mississippi
Texas
Nevada
Arizona
California
Retail shifts toward lean inventories and store brands amid recession
The recession pushes retailers to favor smaller inventories and frequent fresh stock, cutting 1.5 months of buffer to 1.5, expanding store brands, and reducing discounting. Analysts forecast continued closures with about 143,000 last year and 140,000 more this year, then 135,000 in 2010.
MENTIONED IN THIS ARTICLE
Chicago
Best Buy
Kroger
Saks Fifth Avenue
National Retail Federation
C. Britt Beemer
America
Jimmy Franco
New York
Michael Niemira
International Council of Shopping Centers
Congress urged to stiffen energy efficiency rule
A Des Moines news conference urged Congress to strengthen an energy efficiency standard for utilities to cut energy use by 10 percent by 2020. Advocates cited Iowa programs, potential $282 yearly savings for households, 6200 jobs in 10 years, and CO2 reductions rivaling removal of 1 million cars.
MENTIONED IN THIS ARTICLE
Congress
Rod Boshart
Des Moines
Eric Nost
Environment Iown
Energy Business
Dard
Nost
Mark Douglas
The
Iowa Utility Association
Iowa
Iowa Utilities Board
Erization
Douglas
Vironment
American Council For
Also Mentioned on This Page
Wall Street
I.C
Tox
Burt P. Flickinger II
Coveringiowapolitics.com
Rod.boshart
Gazcomm.com
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