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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 31, 2011
Page
6
Wall Street rose as investors priced in potential Fed stimulus after minutes from the August policy meeting showed officials discussing options to bolster the economy. The Dow gained 20 points to 11,560, the S&P 500 rose 3 to 1,213, and the Nasdaq added 14 to 2,576.
Iowa Workforce Development launches six new Internet access points across the Corridor as part of a statewide reorganization to shift resources from staffed offices to online service delivery. Locations include North Liberty Library and Cedar Rapids sites at Northwest Area Neighborhood Resource Center Goodwill of the Heartland AmeriCorps VISTA Mount View Center and Hinzman Center. A total of 135 access points are now open statewide.
CNN acquires Zite a personalized iPad magazine service that curates stories from hundreds of sites. The app learns reader preferences over time guiding topic choices and future story selections. Financial terms of the deal were not disclosed.
Rockwell Collins to be exclusive lead developer and distributor for Inmarsat GX satellite broadband terminals and service. Rollout after the Inmarsat-5 launch in mid-2013 with global airline, business aircraft, and government service planned for 2014.
Lea Taplin owner of Bushy Tail Bakery in Marion markets healthy pet treats made from natural peanut butter whole wheat flour and canola oil. Her apple carrot and soon liver flavored treats sold at farmers markets with peanut butter leading sales and plans to expand to veterinarians grooming shops and day cares.
Insurance carriers expect higher premiums as Irene adds to billions in losses this year. Homeowner and auto policies have already risen 5 to 10 percent, with reinsurance rate hikes pushing costs onto customers across the board into 2012.
The National Association of Realtors reports a 1.3 percent drop in its index of contracts to buy homes in July to 89.7. A 100 reading signals healthy activity, with 1963 as the earliest year of record, and the downturn suggests a weak housing market may drag on the economy.
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