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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 30, 2006
Page
18
Wall Street rose for a second straight session as Fed minutes offered no major surprises. The Dow advanced 17.93 to 11,369.94 and the Nasdaq gained 11.60 to 2,172.30 while decliners outpaced advancers 2 to 1 on the NYSE.
Energy markets see light crude drop 90 cents to 69.71 a barrel for October delivery on the N Y M E X after Tropical Storm Ernesto veers from the Gulf. Gasoline averages fall nearly 20 cents in three weeks to 2.85 per gallon nationwide.
The Cedar Rapids Airport Commission will hold a public hearing September 7 on a service agreement with three convention and visitors bureaus to operate the information center at The Eastern Iowa Airport. A CVB consortium plans to remodel and enhance the center in the passenger terminal. The commission voted to terminate Creative Host Services Inc. as operator effective October 31. six women work at the information center.
Amazon.com lists Vista prices matching Microsoft list prices for three versions. Windows Vista Home Basic is $199, Windows Vista Business $299, and the version likely to appeal to most consumers costs $239, similar to XP counterparts as per Gazette and wire reports.
The Census Bureau reports 37 million Americans in poverty in 2005 with no increase from 2004. Iowa's poverty rose to 11.1 percent in 2004-05, yet remains above only 13 states. Uninsured adults in Iowa stay at 9.1 percent, below the national rate.
At the University of Iowa tippled Tippie College of Business the Executive MBA program begins with 38 students from varied backgrounds. The class averages 14 years of executive experience and families employ sponsors. applications rose across MBA programs in 2006 with UI seeing 18 percent more full-time MBA applications than last year. International applicants rose in the US and abroad.
Cedar Rapids workers at Midland Forge rejected the third contract offer in a strike over health insurance. Machinists Local 831 represents 121 employees and voted against the proposal, which clarified first year costs but preserved future changes to health provisions. The plant, part of Columbus McKinnon, has not commented on the strike.
Jeffrey Gundlach, a former rock drummer, leads TCW Total Return Bond fund and serves as chief investment officer at TCW Group. He foresees a 2007 U.S. recession, warns on consumer spending, and stresses risk control while guiding a $130 billion asset base.
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