McLeodUSA undergoes leadership shake up in Cedar Rapids
Chairman and CEO Chris Davis resigns as McLeodUSA restructures debt. Stan Springer named chief restructuring officer, Joe Ceryanec becomes acting CFO. Company seeks new CEO as lenders decide whether to take equity or extend forbearance.
MENTIONED IN THIS ARTICLE
Dave DeWitte
George C. Ford
Gazette
Cedar Rapids
McLeodusa Inc
Chris Davis
McLeodusa
Davis
McLeod USA completes debt wipeout marks restructuring
Davis who will stay chairman led a bankruptcy driven restructuring that erased 3.3 billion in debt. McLeodUSA also disclosed Ken Burckhardt’s resignation as chief financial officer and director effective Aug. 12. Forstmann Little & Co. remains the majority owner backing the turnaround amid ongoing losses including a 268 million second quarter deficit.
MENTIONED IN THIS ARTICLE
Davis
Ken Burckhardt
Burckhardt
Cities seek joint local option tax to fund schools
Cedar Rapids Finance Commissioner Lyle Hanser aims to reassure skeptical school officials that a city school joint local option sales tax will fund projects both sides want. Districts meet tonight to discuss a 1 percent local option tax and potential split with cities and Linn County.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
Lyle Hanser
Hanson
Linn County
Hanson Proposes Tax Move Over Cedar Rapids Recreation Plan
Finance Commissioner Lyle Hanson calls for dropping plans to fund a Cedar Rapids recreation center via local-option tax revenue. Voters previously rejected the idea. The lame-duck City Council will wait after elections to consider a tax measure. Linn County schools meet tonight to discuss a 1 percent local-option sales tax amid concerns about countywide revenue sharing. Marion Mayor’s Tax Vote noted on page 6A.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Lyle Hanson
Lame-Duck
Top university twirlers began in Norwalk studio
Norwalk, Iowa, renowned as a baton twirling hub, has produced athletes who filled majorette roles at the University of Iowa, Iowa State University, University of Northern Iowa and Drake University for over 15 years. Diana Reed, Golden Girl since 2001, trained with the Norwalk Superstars and became a 12 time national show twirl champion.
MENTIONED IN THIS ARTICLE
Laura Segall
the Gazette
Alessa Strelecki
West Des Moines
Norwalk
Gazette Orwalk
Iowa
Jan Stivers
Norwalk Superstars
University of Iowa
Iowa State University
University of Northern Iowa
Drake University
Diana Reed
Kinnick Stadium
Iowa City
Norwalk Superstars Studio
Health study links daily non-aspirin painkillers to high blood pressure
A Dallas report notes that women who take daily non aspirin painkillers like extra strength Tylenol may be more prone to develop high blood pressure than nonusers. The piece contrasts acetaminophen with NSAIDs and mentions new federal labeling for NSAIDs due to heart risks.
MENTIONED IN THIS ARTICLE
Dallas
Women face elevated high blood pressure risk with common meds
Research by the American Heart Association finds increased blood pressure risk in women aged 34 to 53 using acetaminophen over 500 mg and NSAIDs over 400 mg, with notable percentage rises. Aspirin showed no significant risk increase.
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McLeod Technology Park
C Street
Forstmann Little & Co
New York
McLeod USA
By Rick Smith
Marion
John
By Meghan Sims
BATON
Jim Slosiarek
Iowa 1
Svveovnivk
Index Accel. Advice
American Heart Association