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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 01, 2007
Page
8
Wall Street retreated with the Dow down 146.32 to 18211.99 and the S P 500 fall ing 18.64 to 1455.27 amid renewed worry over soured home loans. Monsanto unveils Roundup Ready2Yield soybeans with 7 11 percent yield gains. Lynne Schultz named Muscatine Journal publisher succeeding Lisa Sievers.
General Growth Properties Inc owner of Coral Ridge Mall Coralville and manager of Westdale Mall Cedar Rapids reported a second quarter net profit of 8.39 million or 3 cents a share, reversing a year ago loss of 25.8 million or 11 cents. Revenue rose to 740.1 million from 709.8 million. Analysts had expected 7 cents a share on 704 million revenue.
Iowa regulators approved MidAmerican Energy to invest 540 megawatts more wind capacity, bringing total to about 1,000 MW and enough to power 336,000 homes. The plan includes 60 turbines near Pomeroy and a 75 MW project near Charles City with enXco Development handling construction and operations under a five year contract. The initiative, part of Renewable Advantage, includes a wind turbine at the Iowa State Fairgrounds to educate and recognize supporters, while emissions reductions and rate stability commitments accompany the expansion.
George C. Ford profiles Alex Wehrle, 77, founder of Heartland Flagpole, who revived Flags & Flagpoles by Alex after eight years. He has installed about 500 poles since 1993, including an 80-foot pole at the Iowa Raceway and poles for the Eastern Iowa Airport, balancing and repairing poles, and selling banners and flags.
The Conference Board reports the July consumer confidence index at 112.6, the highest since August 2001, with the present situation at 139.2 and the expectations index rising to 94.8. The rebound comes as the job market remains strong despite home price declines.
Financial professionals reveal personal money mistakes to teach better behaviors. The columnist admits procrastination on wills and emergency fund gaps, while Lucas Buchl and Nicole Rosandich share card and debt lessons. Kevin Sale notes data obsession can overdo diligence.
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