Investors Falter as Dow Falls Skids Near 10000 Mark
Wall Street slipped on mixed signals from the Fed with the Dow dropping 81.32 points to 9 748.55 while the S&P 500 and Nasdaq also fell. investors awaited clearer gains. Separately preservationists sued to block a Walmart Supercenter near Richmond Virginia s Wilderness Battlefield arguing the site is an endangered Civil War landmark.
MENTIONED IN THIS ARTICLE
Fed
Standard & Poor
Orange County Board of Supervisors
Wilderness Battlefield
Richmond
General Mills profits rise as costs fall
General Mills Inc. posted a 51 percent jump in fiscal first quarter profit to 420.6 million dollars or 1.25 a share as lower ingredient costs and strong demand supported results. The Minneapolis based company exceeded Wall Street expectations and lifted its full year outlook with shares rising in after market trading.
MENTIONED IN THIS ARTICLE
General Mills Inc
Wall Street
General Mills
Bullet makers struggle to meet surging ammo demand
Ranges, dealers, and manufacturers report unprecedented shortages as demand for ammunition soars. They work around the clock but cannot keep up with higher sales, driven in part by fears of new gun restrictions. Analysts cite a rise from 7 billion to 9 billion rounds annually.
MENTIONED IN THIS ARTICLE
Obama
Congress
National Rifle Association
Downtown Cedar Rapids office market to rebound after flood recovery
A NAI Iowa Realty Commercial report says over 90 percent of downtown Cedar Rapids office owners plan to restore pre flood use. Suburban and corridor markets show resilience while downtown heating costs may shift to tenants after Alliant Energy heat plant failure. Retail occupancy remains strong with Coral Ridge and Lindale Malls nearly fully leased despite broader economic stress.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Rn Gazette
Cedar Rapids
NAI
Iowa Realty Commercial
Iowa City
Alliant Energy
Kirk Hiland
NAI/Iowa Realty Commercial
Hiland
Coral Ridge Mall
Lindale Mall
General Growth Properties
Coral Ridge
Demand for crop dusting rises with new pesticides
The Midwest sees soaring crop dusting demand as newer pesticides curb disease and pests in corn and soybeans. FAA data show flying hours up 29 percent to 1.4 million from 2003 to 2007, with Iowa's licensed dusters near 200. Prices for planes and the risks stay high.
MENTIONED IN THIS ARTICLE
Terry Sharp
Jay
Wes
Indianola
Iowa
Federal Aviation Administration
ES Moines
Midwest
Eastburn
Sharp
Pella
Federal Reserve slows pace of help to housing market
The Fed extends its mortgage backed securities purchases to end of Q1 2010, delaying full completion from year end. It keeps rates near 0 to 0.25 percent for an extended period while noting improved economic activity and subdued inflation. Wall Street sees a brief rise then trims gains as investors reassess the outlook.
MENTIONED IN THIS ARTICLE
Federal Reserve
Washington
Fed
Fannie Mae
Freddie Mac
Ginnie Mae
Central Bank
Ben Bernanke
Guy Cecala
Inside Mortgage Finance
Brian Bethune
IHS Global Insight
Also Mentioned on This Page
Kirk Hiland Nai
Lowa Realty Commercial
David. Dewitte
Gazcomm.com
Tim Steier
Blue Earth
Minn
Upper Midwest
Darin Eastburn
University of Illinois
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