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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 29, 2014
Page
14
Iowa aggregate bank profit climbs 6 percent to 216.1 million in the second quarter from 2013, with loan growth led by construction and land development. Total assets reach 73.5 billion, nonperforming loans fall to 0.68 percent, and ROA improves to 1.14 percent as FDIC results show nationwide gains.
Analysts say Internet-connected wearables like smartwatches and fitness bands struggle to match smartphone and tablet sales. They cite limited appeal beyond phone replacement and fitness tracking, with forecasts of modest growth and high abandonment rates, despite Apple Google and Samsung expected to roll out devices.
The Air Force will decide by December whether Boeing must share the multibillion dollar effort to build the next Air Force One. The service plans to release a research and acquisition plan next year and consider purchasing 747-8 aircraft for outfitting.
The U S coal supply to power plants tightens as rail delays persist from last winter. Utilities like FirstEnergy scramble for trucks and barges while Duke Energy relies on barge routes. Experts warn the bottleneck could last through another winter, raising costs and moving coal from rail to water routes.
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