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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 14, 2010
Page
15
Stocks extended a four day slide as mixed consumer readings muddled the economy. The Dow dropped 16.80 to 10,303.15. The S P 500 slipped 4.36 to 1,079.25 and the Nasdaq declined 16.79 to 2,173.48.
NAI Iowa Realty notes July home sales in the Cedar Rapids metro area fell 47.5 percent from July 2009, with pending sales down 26.9 percent. Inventory rose 2 percent, average sale price reached 161000 dollars, and homes sold in 77 days on average. Dav enport firm opens northeast Cedar Rapids office. Ruhl & Ruhl opens temporary office at 383 Collins Road NE and plans November grand opening.
The Laborers International Union agrees to rejoin the AFL CIO. Spokesman David Miller says union leaders will discuss details after a Sunday meeting. AFL CIO President Richard Trumka said the move would finalize in October.
Alliant Energy interrupted power for Iowa customers in its interruptible program this week to cut costs during peak demand. The cuts affected Tuesday to Friday and reduced demand by about 50 megawatts of a 270 megawatt potential. Most participants chose interruptions over higher rates. appliance cycling also expanded in southern Iowa, Cedar Rapids untouched.
Michael L. Hughes of Danville Virginia faced harassing calls about a $12000 debt linked to Michael B. Hughes. The CBCS case led to a $1 million FTC settlement for inaccurate reporting. Experts note ongoing risks from debt tagging and wrong-number contacts. Credit agencies stress consumers dispute inaccuracies and provide proof to correct files.
General Motors likely to file IPO paperwork next week to describe a plan to sell shares to the public. CEO Edward Whitacre to step down September 1, replaced by Daniel Akerson, as GM reports a $1.3 billion second quarter profit and weighs speeding or delaying the stock sale to maximize price and reduce government ownership.
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