Markets Drift as Fed Rate Outlook Looms
Stocks closed mixed as investors awaited the Federal Reserve’s upcoming Open Market Committee meeting. The Dow rose 13.85 points to 10,558.75 while the Nasdaq slipped 3.18 points to 2,146.15 amid data signaling a softer economy.
MENTIONED IN THIS ARTICLE
Federal Reserve
Central Bank
Fed
Arthur Hogan
Jefferies & Co
East Iowa
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
Comel Fed
Qwest Commun
Deere Co
RF Micro Devices
Raicorp Holding Dillards Inc
Fastenal Co
Regions Fuel
Featherlite Inc
Rockwell Collins
ING Glob RE Inco
Old Fire Cas
Intl Paper
US Bancorp
Keane Inc
US Cellular
Anova Inc Kohls Corp
Verizon Comm
Longon File
Macc Pro Eat
WalMart
Vilsack seeks drought aid for four more counties
Gov. Tom Vilsack asked Secretary Mike Johanns to designate four additional Iowa counties Clay Dubuque Harrison and Monona as eligible for agricultural disaster relief. If approved, affected farmers could access low interest Farm Service Agency loans.
MENTIONED IN THIS ARTICLE
Tom Vilsack
Secretary of Agriculture
Mike Johanns
Clay
Dubuque
Harrison
Monona
Federal Farm Service Agency
Cedar
Clinton
Davis
Des Moines
Henry
Iowa
Jackson
Jefferson
Johnson
Keokuk
Lee
Louisa
Muscatine
Scott
van Buren
Washington
Investment strategist urges diversified, long term approach
Edward Jones Chief Investment Strategist Alan Skrainka warned during a Cedar Rapids seminar that trends and crises like oil spikes Katrina and war fears can derail investors. He urged sticking to principles, avoiding market timing, and favoring diversified, long term plans with 15 to 20 percent international exposure through managed funds.
MENTIONED IN THIS ARTICLE
the Gazette
Edward Jones
Alan Skrainka
Iraq
Skrainka
Edward Joneson
Cedar Rapids
India
China
He Sai
USDA plans large scale closure of Farm Service Agency offices
The Agriculture Department aims to shutter about 665 of 2353 Farm Service Agency offices nationwide to modernize the network. A working document notes a low efficiency ratio in some offices and local officials will help pick which sites close. Republicans voiced caution while Democrats criticized the move as harmful to farmers.
MENTIONED IN THIS ARTICLE
Deere Community Federated Credit Union of
Ottumwa
Cedar Rapids
Community 1St Credit Union
Deere & Co
Deere
Deere Community Federated
Amana
Bloomfield
Centerville
Grinnell
Oskaloosa
Pella
Washington
Farm Service Agency
Agriculture Department
Associated Press
Department
Senate Agriculture Committee
FSA
USDA
Iowa
Federal Agency
Ed Loyd
Loyd
Congress
Georgia
Saxby Chambliss
South Dakota
Sen
Tim Johnson
D-S.d
Senate Agriculture Appropriations Subcommittee
Flexsteel to cut more jobs amid hurricane and economy
Flexsteel Industries announces another round of layoffs at its Dubuque factory as sagging sales and consumer confidence, worsened by Hurricane Katrina and higher fuel costs, shrink the hourly workforce to under 300. A dozen jobs cut today, following 19 last week, with more cuts possible as orders influence staffing.
MENTIONED IN THIS ARTICLE
Tom Baldwin
U.S
Baldwin
Ex con speaks on ethics to UNI business crowd
Patrick Kuhse an Iowa native who served four years in federal prison for money laundering bribery and conspiracy told about 250 UNI students and professionals that eight thinking errors drive unethical behavior He urged projecting into the future and warned against shortcuts while noting his agreement to repay 3.9 million and a securities ban.
MENTIONED IN THIS ARTICLE
Karen Mracek
The
Gazette
Patrick Kuhse
Iowa
Grundy Center
Kuhse
University of Northern Iowa
San Diego
America
Donna Wood
UNI
Costa Rica
Siemens VDO lands $7.2 million bid for New York transit
Siemens VDO Automotive Service & Special Solutions of Cedar Rapids wins a 7.2 million contract to supply TransitMaster systems to MTA New York City Transit. Initial phase covers 185 buses and six non-revenue vehicles plus kiosks signs and a relations center.
MENTIONED IN THIS ARTICLE
Dave DeWitt
Siemens Vdo Automotive Service & Special Solutions
Cedar Rapids
Intelligent
MTA
New York City Transit
Siemens
TransitMaster
126Th Street
Also Mentioned on This Page
Nasdaq
Vilsack
Ottumwa Credit Union
Freddie Mac
1St Ave
15Th St
C.R
By Dave DeWitte
Wal-Mart
Dow
Dallas
Houston
Exxon
David.dewitte
Gazettecommunications. Com
William Brodsky
Chicago Board Options Exchange
Stuart Kipnes
New York Stock Exchange
John Thain
CBOE
Chicago
Flexsteel
Merle Duehr
United Steel Workers of America Local 1861-U
Duehr
Karen
Mracek
New York Transit
Dave Behmer
Siemens Vdo
David
Dewitte
Gazettecommunications Com
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