Old-fashioned bartering grows as health care costs rise
Health care bartering expands amid the recession as insured and uninsured seek alternatives. ITEX Corp reports a 45 percent rise in health care exchange business to about 1 million dollars a month with 24 000 members. Bartering through exchanges allows patients to trade services for barter dollars used to pay providers.
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Safe havens sought as CDs yield little return
Investors hunt for safety as 12 month CDs fall under 2 percent and five year CDs hover around 3. Wealth advisers urge moving cash into stocks for growth while cautious clients seek ultraconservative tips. Banks’ health and high grade bonds dominate risk assessments.
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Bankrate
Intermec to furlough Cedar Rapids workers two weeks
Intermec Corp will furlough about 300 Cedar Rapids employees for two separate weeks this year, from November 16 to 20 and December 25 to January 3, 2010. The company cites recession driven cost cuts while allowing December time as paid vacation or a floating holiday. Critical services will continue during the furloughs.
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Gazette
Cedar Rapids
Intermec Corp
Kellen Davison
Davison
Intermec
Citigroup Approves $6 Billion in Lending Initiatives
Citigroup reports $6 billion in new lending initiatives in Q2 funded by bailout programs. The bank says total TARP related lending programs reached $50.8 billion, with $45 billion received since last October and a 34 percent government stake recently created. $15.1 billion of the approved lending has been deployed.
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