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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 26, 2010
Page
15
Stocks recovered despite weak home sales data as traders shopped for beaten down shares. The Dow gained 19.61 to 10,060.06, the S&P 500 rose 3.46 to 1,055.33, and the Nasdaq advanced 17.78 to 2,141.54.
Wholesale egg prices climb following a massive recall. The USDA notes spikes since Aug 13 with Midwest prices jumping from 72–81 cents to 1.01–1.10 per dozen and increases seen elsewhere.
Ahrens Cos. ceased operations on August 18 and laid off 110 workers at the Iowa City construction and concrete firm. The company claims no cash or assets remain due to a court order, while First American Bank of Fort Dodge pursued a loan default action to seize assets. Ahrens officials have recommended a court-appointed receiver to handle existing liabilities.
Coralville Walmart at 2801 Commerce Drive unveils a renovated layout with wider aisles an expanded electronics section and a celebration station. Store manager Chad Henderson says the new design makes shopping faster while renovations were done mainly at night to minimize disruption.
Igor Mello of Plantation, Fla., had several social media accounts hacked after using a free Wi Fi hotspot. Experts urge strong WPA 2 passwords, avoid default router settings, and treat public networks as monitored, especially for online banking.
Eric Johnson of Florida International University warns to secure home networks with WPA or WPA2 and generate strong passwords. In public spaces use trusted networks, avoid sharing sensitive data, and use unique passwords for each service to prevent credential reuse.
A Avalere Health analysis says over 3 million Medicare beneficiaries may lose their current stand-alone drug plan next year due to simplification. Fewer total plans mean disruptions and potential premium rises, even for those satisfied with their coverage.
More than two dozen Iowa companies appear on the 2010 Inc 5000 fastest growing private firms. Involta of Marion leads with a 5,438 percent three year growth, while Clickstop of Urbana and Geonetric of Cedar Rapids also rank high. Other Iowa names include TMone in Iowa City, TrueNorth in Cedar Rapids, and MD Orthopaedics in Wayland with strong revenue gains.
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