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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 08, 2005
Page
16
Wall Street edged higher as investors priced in solid earnings prospects and lower fuel costs. The Dow increased 60.30 points to 10,546.32 while the Nasdaq gained 19.65 to 2,018.79 amid mixed March retail data and mixed pharma headlines.
The Energy Department projects average gasoline prices at 2.35 per gallon nationwide in May with crude above 50 a barrel into 2006 due to tight supply and rising demand. Prices, about 2.22 last week, reflect a sustained high-price era despite a brief dip in futures.
The Energy Department projects gas will reach 2.35 dollars per gallon in May and average 2.28 dollars per gallon for the summer.
Michelle Milcoff opened Flip-Flops in Swisher after visiting a San Antonio River Walk shop and buying a Scentchips franchise. The store, now a year old, stocks scented wax chips from bins for custom fragrance blends and offers T-shirts from Three Girls Teeze and soy candles from White. Milcoff, 34, also works at AAA Business Travel and runs the shop in her spare time.
A small shop at 66 Second St in Norway Iowa houses Flip Flops offering inspirational wall signs stationary and Beijo purses made from a paromeric material used for military shoes. Milcoff hosts Scentchip parties for women with free gifts and incentives and invites bookings by phone or email. The shop operates 8 am to 5 pm Wednesday to Friday and by appointment otherwise, adjoining Swisher Beauty run by Jan Wood. Milcoff can be reached at (319) 431 4925 or flipflopgifts aol com.
Mediacom negotiates a new franchise with Iowa City extending to 2018 with rebates for outages. A public hearing is set for April 18 at the Iowa City Library. The agreement raises the local access fee and requires monthly credits for long outages while outlining video locations and public-service announcements.
Foreclosure.com reports a 50 percent jump in foreclosed homes listed for sale from February to March, with 28 190 properties nationwide and 80 757 active overall. Iowa logged 1 027 properties in March, including 343 new foreclosures, as experts weigh signs of a possible market turn.
MCI Inc chief executive Michael Capellas told employees MCI remains open to further merger discussions with Qwest Communications despite choosing Verizon’s $7.5 billion buyout over Qwest’s $8.9 billion offer. He urged focus and cautioned against rumors.
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