Hibu to cut 184 Cedar Rapids jobs in a 60 day layoff
The Iowa WARN notice shows 184 positions to be eliminated at Hibu Cedar Rapids as part of companywide layoffs. The layoffs are permanent with some workers affected starting April 7 2014 and continuing for 60 days. Full pay and benefits are guaranteed for at least 30 days.
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Hibu
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Iowa Workforce Development
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Cargill Earnings Fall 28 Percent Amid Market Chaos
Minneapolis based Cargill reports third quarter net earnings of 319 million on 32 billion revenue, down from 445 million a year earlier as energy price spikes, rail backlogs, and China’s rejection of U.S. corn shipments squeeze margins.
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Cargill
U.S
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Cedar Rapids
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Lisa Clemens
Europe
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Virtual reality dreams closer with Oculus Rift
Facebook agreed to acquire Irvine California based Oculus for 2 billion dollars. The Rift headset aims to bring immersive gaming to the mass market and started as a Kickstarter project raising about 2.5 million from 9 522 backers. Consumer version expected late this year or early next year.
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Los Angeles Times
Palmer Luckey
Oculus
Irvine
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Facebook
Chris Dixon
Andreessen Horowitz
Jaron Lanier
Lanier
Job openings rise to six year high in February economy
U S job openings climbed to 4.17 million in February the highest since January 2008 with hiring up 1.6 percent and layoffs down 4.9 percent. The drop in unemployment to 6.7 percent and a lower unemployed per open job ratio signal improving labor demand and wage growth could follow.
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Labor Department
Ray Stone
Stone & McCarthy Research Associates
Princeton
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Federal Reserve
Janet Yellen
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Cooper Howes
Barclays
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