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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 12, 2015
Page
11
Dow Chemical and DuPont announce an all stock merger creating DowDuPont with a 130 billion market cap. Leaders Andrew Liveris and Ed Breen will chair and CEO respectively, planning to split the combined company into three independent units within 18 to 24 months.
U S shoppers show strength in November signaling momentum for the economy and possible Federal Reserve rate action. Core retail sales rose 0.6 percent while total sales gained 0.2 percent as auto sales ebbed and gas prices weighed on service stations. Consumer sentiment improved to 91.8 in early December, with households optimistic about major purchases and income prospects lifting the mood.
Edgewood Partners has signed final tenants for a 12 000 square foot retail building on Edgewood Road SW at Westdale. Great Clips and Q Nails Spa join AT T Noodles Co Wingstop and Chipotle with AT T and Wingstop already open and Chipotle and Noodles Co under build out. Construction on a second 12 700 square foot building is planned for next year with groundwork starting in spring after infrastructure work.
Favorable growing season lifts Iowa oat production to 4.2 million bushels in 2015, up 20 percent from 2014. Winneshiek leads with 243000 bushels, while Lyon tops yields at 104 bushels per acre and Johnson records the lowest at 54.9. The East Central district suffered the biggest yield drop. The PepsiCo Quaker Oats Cedar Rapids plant imports most oats from western Canada and processes millions of bushels annually.
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