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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 18, 2007
Page
20
The Federal Reserve lowered its discount rate by half a percentage point as Wall Street pushed for relief. The Dow rose 233.30 to 13,079.08, the S&P 500 gained 34.67 to 1,445.94, and the Nasdaq climbed 53.96 to 2,505.03 amid growth worries.
Siemens shipped the first blades from its Fort Madison factory destined for the Sweetwater Wind Farm east of Abilene Texas. The 148 foot blades weigh about 12 tons and equip 93 SWT 2 3 92 turbines to be operational in December as Siemens plans to employ 400 in U.S. wind business by September end says president Randy Swirn.
Iowa Realty acquired Erusha Inc. Realtors in Cedar Rapids. All four Erusha agents stay at 3500 F Ave NW. The deal effective August 1 makes Iowa Realty’s fifth Cedar Rapids office. Erusha Realty, founded by Vern Erusha over 45 years ago, joins to bolster client service.
Whirlpool Corp will keep a small appliance parts manufacturing center in Newton, Iowa, retaining up to 20 workers after closing the main washer and dryer plant on Oct. 26. The Maytag acquisition prompted the move as the company consolidates duties at its Michigan base.
A random survey of gas prices across the corridor shows yesterday afternoon readings rounded to the nearest cent. Prices vary by station and location, highlighting regional differences in fuel cost.
Iowa's cost of doing business stands at 79.7 percent of the national average, with Hawaii highest and South Dakota lowest. The Milken Institute measures five categories including wages, taxes, electricity, industrial rent and office rent. Governor Culver and local officials say the ranking will attract entrepreneurs and help market Iowa as a favorable site while stressing the need for skilled labor and adequate industrial space.
Riverside location at Zender's in Iowa blends spa treatments with casino access. Doeren McNeal says the space provides a holistic feel with five treatment rooms, couples options, and lounges. Guests arrive early for whirlpool and steam baths, enjoying beverages and room service. The spa draws Eastern Iowans and travelers from Chicago seeking a destination spa experience.
Consumer Reports says 40 percent of consumers miss rebates. Follow five steps: understand terms and deadline, gather original receipt serial number UPC box top labels, keep copies, apply online promptly, beat the deadline, then wait up to 12 weeks for a check. If late contact the state attorney general or the FTC.
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