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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 05, 2006
Page
22
Wall Street slid after Labor Department data showed slower job growth, with investors fearing a potential Fed rate hike. The Dow eased 2.24 points to 11,240.35 and the Nasdaq fell 7.29 to 2,085.05 amid an intraday swing.
More than a dozen employees at a Dubuque publishing services firm will lose their jobs as Carlisle Publishing Services adopts a refocused plan including outsourcing. The company laid off 13 workers, about 13 percent of its workforce in composition and production, to improve profitability and long term viability.
Toyota Motor Corp posts a 39 percent rise in net profit for its first fiscal quarter ending June 30, reaching 3.2 billion dollars as global gas prices boost demand for fuel efficient models. Quarterly sales climb to 49 billion, with North American sales up 16 percent from a year earlier. Toyota Financial Services operates in Cedar Rapids.
An Iowa workshop shows how prairie plants can be managed for livestock forage and how grazing affects wildlife and native flora. It begins at 8:30 a.m. Thursday at Starlite Village Conference Center Ames with $35 registration. For details contact Inger Lamb at 515 250 1693 or ingerlamb3 mchsi com.
The triple digit heat killed thousands of cattle and poultry and damaged crops across California and the Plains. California dairy and crop production dropped, with milk prices likely rising and shoppers facing higher costs for dairy, tomatoes, and processed foods. Officials say the impact is significant but not catastrophic amid ongoing drought and heat.
The Gazette reports that commercial fishermen face far higher fatality risk than truck drivers, with safety culture and PPE reducing hazards. PMX Industries stresses training, mandatory safety meetings, and high protection gloves to prevent injuries, while Alliant Energy emphasizes a safety management system to curb high risk incidents.
A JD Power survey of 13 00 homeowners finds mortgage servicing often transfers to third parties reducing satisfaction. USAA Federal Savings Bank leads with 897, BB T and Citizens Bank follow. Wells Fargo Bank of America SunTrust Fifth Third Chase and Washington Mutual above average while HSBC Citifinancial Ameriquest lag. Bottoms are Greentree Mortgage and Ocwen Financial.
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