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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 18, 2007
Page
9
Wall Street traded mainly up on Tuesday as housing starts rose and mild inflation data cheered investors. The Dow Jones settled up 52.58 to 12,? on the day while the Nasdaq slipped 1.38 to 2516.95, with advancers outpacing decliners about 3 to 2 on the NYSE.
Krista Tanner, a Clive attorney with Dickinson, Mackaman, Tyler and Hagen, has been appointed by Governor Culver to fill the three member Iowa Utilities Board. Tanner has practiced in litigation governance regulation and utilities and has been a shareholder since 2006. The board handles rate increases service quality complaints and other regulatory issues. The appointment maintains gender and professional balance on the board.
About 210 workers at the Dexter Laundry Inc. plant in Fairfield remain on strike after rejecting a five year contract offer. IAMAW Local 1293, represented by Ed Miller, cited higher insurance costs and out of pocket expenses, with only a 90 cent hourly raise proposed over the term.
Wells Fargo reports Q1 profit of 2.24 billion dollars or 66 cents a share on revenue of 9.44 billion, up sharply from a year earlier as core deposits and loans rise. US Bancorp posts 1.18 billion dollars in Q1 profit, 68 cents a share, down from 1.25 billion, 68 cents, as lending faces rate pressures.
A report from this afternoon notes gas prices in the Corridor surveyed yesterday. Prices are rounded up to the nearest cent, with minor variations across stations and brands observed.
ACT in Iowa City announces a $4 million ground breaking for a 10,000 square foot green data center aiming for LEED gold. The project, designed by Neumann Monson and KIWW, will use rainwater capture, recycled materials, and enhanced ventilation. It targets energy savings to recover the extra cost in 4 to 5 years and positions the center as ACT’s primary data hub.
The Iowa City Area Chamber of Commerce launched a long term economic development initiative at the Connections Fair in Coralville. The Buy Here pledge asks businesses to shift 5 percent of outside Johnson County purchases to local vendors, with an ISU economist projecting up to 149 million dollars in regional economic impact. A new buyberejc.org site will link shoppers to local suppliers.
Iowa energy analysts report a 9 percent rise in fuel costs over a month, pushing self serve gas to an average of 2.71 per gallon statewide. Iowa City leads with 2.71, Cedar Rapids at 2.67, and nationwide supply concerns plus refinery outages drive the trend.
Financial planner Kevin McKinley outlines simple saving tips in a program tied to Wisconsin Public Radio and campus talks. He urges tactics like grocery coupons, gym per-visit pricing, credit card consolidation, prescription price shopping, retirement contributions, higher deductibles, moving idle funds to higher yield accounts, affordable meals, and low-cost kids’ meals to cut expenses while preserving enjoyment.
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