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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 06, 2005
Page
16
Higher oil prices and slowing service sector growth dragged markets lower on Monday. Investors eyed Guidant Corp bid talks and feared Fed rate hikes to combat inflation from higher energy costs. Dow fell 42.50 to 10 835.01. Nasdaq down 15.73 to 2297.64.
Principal Financial Group Inc says 2006 earnings, after preferred dividends, should reach 2.94 to 3.09 dollars per share. Operating earnings excluding 45 million dollars in capital losses are seen at 3.10 to 3.25 dollars per share, above 2005 targets of 2.73 to 2.79 and 2.80 to 2.86 respectively.
Rockwell Collins WXR-2100 Multiscan Hazard Weather Detection system certified for installation on Airbus A320 A330 and A340 aircraft. Fully automatic weather radar reduces pilot workload and enhances safety by lowering turbulence encounters with weather detection out to 320 nautical miles and OverFlight protection to avoid thunderstorm top penetration.
The Treasury sold 18 billion of three month bills at 3.930 percent and 16 billion of six month bills at 4.185 percent, both up from last week. A 10 000 bill bought for 9900.66 and 9788.43 respectively. The Fed said the one year bill yield rose to 4.34 percent from 4.30 percent.
A random survey of gas prices in the Corridor as of yesterday afternoon notes prices rounded to the nearest cent. Coralville area stations report modest increases and stable competition among outlets.
Boston Scientific proposed about 72 dollars per Guidant share in cash and stock, topping Johnson & Johnson’s revised bid by more than 3 billion. Guidant’s stock jumped to 67.98 as analysts questioned how J&J would respond amid recalls and regulatory probes.
Kris and Tim Boettger transformed a 1925 dairy barn into Barn Happy at 11310 University Ave. They power washed through decades of manure and built a cafe offering locally made products including soaps jellys popcorn salsa honey beef sticks soy nuts soups and candles.
Barn Happy operates 9 a.m. to 3 p.m. Wednesday to Saturday until closing Dec 22 and reopening March 1. From I 380 take 20 west exit Hudson Road MI-Dome then University 1.8 miles to the right. Kris Boettger at (319) 266-0888.
XL Specialized Trailers expands its Manchester facility by 68 000 square feet, raising total size to over 100 000. The 4 5 million project, to be completed in August, adds welders painters and finishers as backlogged orders grow. Hunter Companies of Cedar Rapids is general contractor aided by tax incentives and grants.
Holiday events offer informal networking chances and suggest light, casual approaches. For job seekers, attend without embarrassment and keep drinks to a minimum. Also consider planning overseas stays with Villa Leisure and Villas & Apartments Abroad for summer getaways.
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