Stock rally lifts markets as housing data boosts optimism
U S stocks rose on Tuesday led by the Dow up 106.42 to 9 998 39 and the Nasdaq 0 9 percent after strong November housing data. Deere, Procter & Gamble, GE and Weyerhaeuser posted gains while overall volume reached 1.68 billion shares. Iowa red meat and hog production climbed in October year over year. The Iowa Insurance Division issued a cease and desist order against Employers Mutual LLC and two individuals over misrepresented health policies. A recall of over 8 000 dressers due to tip-over risk was announced by the CPSC. ADM elected Paul Mulhollem president succeeding John McNamara.
MENTIONED IN THIS ARTICLE
Dow
New York Stock Exchange
Deere
Procter & Gamble
MACC
General Electric Advanced
Weyerhaeuser
Genencor
Iowa
U.S. Department of Agriculture
Iowa Insurance Division
American Coalition of Consumers
Construction Trade Workers Association
Employers Mutual LLC
William R. Kokott
Nicholas E. Angelos
Employers Mutual Insurance Co
Des Moines
Consumer Product Safety Commission
Sandberg Manufacturer Co
Los Angeles
Cedar Rapids Carmike theaters near closing for good
Sixteen months after Carmike Cinemas began closing Cedar Rapids venues the empty Westdale 4 Collins Road 5 Lindale and Stage 4 theaters may become night clubs restaurants or retail spaces. Reopening as theaters is unlikely with few prospects though Stage 4 could still be used for cinema. Some spaces have been repurposed such as Westroad 6 reopened as Vieux Carre a dance club. Landlords note high adaptation costs due to sloped floors and large single-tenant space, while churches rarely pursue these sites.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Carmike Cinemas
Westdale 4
Collins Road 5
Lindale
Stage 4
Lindale Theater
Carmike
Ing
Lindale Mall
Tim Schwartz
Westdale Mall
Mike McCue
Kmart West Shopping Center
Bill Spats
Spats Centers
Spats
Davis Realty of
Des Moines
Davis Realty
Jeff Davis
Governor's Square
West Des Moines
Davis
McCue
Schwartz
Meadowridge Golf Driving Range and Pitch and Putt Planned in Cedar Rapids
Meadowridge on 37 acres at 16th Ave SW and Stoney Point Rd SW will open this spring with a 60 station driving range of 320 yards and a 9 hole pitch and putt. The project includes an 1800 sq ft clubhouse and a future perimeter pitch and putt course with 60 to 170 yard holes. Planned amenities include golf goods, snacks, and video games with 7 am to 9 pm hours.
MENTIONED IN THIS ARTICLE
Meadowridge
16Th Ave
16Th Avenue
Stoney Point Road
Michael R. Sharp
Iowa State University
Sharp
John Winkel
Dean Driscoll
Nap Meadowridge
Cedar Rapids
Wilson's Eastdale Sport Center moves to Sycamore Mall
Wilson's Eastdale Sports Center will relocate in February from Eastdale Plaza to Sycamore Mall, rebranding as Wilson's Sycamore Sports Center. Doug Krutzfeldt, owner since 1998, led the move after a $7 million mall remodel. The 4,040 square foot store will sit near Bonnie's Toys & More and Hobby Corner, leaving only two tenants at Eastdale Plaza.
MENTIONED IN THIS ARTICLE
Wilson’s
Eastdale Sports Center
Sycamore
Eastdale Plaza
Bonnie's Toys & More and Hobby Corner
Look
Cook's Jewelry
Steve Cook
Sycamore Mall
Sporting Goods
Eastdale
Jeff
Jo Firkins
Jeff Firkins
Krutzfeldt
CRST International renames subsidiaries to form single entity
Cedar Rapids based CRST International renames Malone Freight Lines to CRST Flatbed Inc and Three-Truck Lines to CRST Flatbed Regional Inc. CRST Inc becomes CRST Van Expedited Inc and CML will transfer to CRST Van Expedited by Jan 1. The move aims to present a unified transportation solutions firm.
MENTIONED IN THIS ARTICLE
Crst International
John Smith
Crst Inc
Crst van Expedited Inc
Malone Freight Lines Inc
Crst Flatbed Inc
Malone
Three I
CML
Eldridge
CRST
Housing construction hits fresh high in November
Washington AP reports housing starts rose 8.2 percent to a 1.65 million annual rate in November the largest gain since January and the highest since July. Low mortgage rates and mild weather supported builders as the job market weakened and consumer confidence fell.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Freddie Mac
Housing starts jump as rates rise 7.09 percent
Merrill Lynch economist Karen Dexter notes home buyers rushed to lock in low rates before they climbed further. She adds warm weather also helped lift housing activity last week.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Karen Dexter
Also Mentioned on This Page
Archer Daniels Midland
Paul Mulhollem
Archer Daniels Midland Co
Decatur, Ill
Mulhollem
John McNamara
ADM
Djia
By Dave DeWitte
David DeWitte
Davidd
C.R
George C. Ford
Uazete
Contact Financial
George Ford
1St Ave
By Marlene Lucas
Marlene Lucas
Marlenel
Smith
CRST_ International
Cast International
Management
Third Avenue
Clive, JA
Me Vmf Capital, LLC
Don Flynn
Mike van Meter
Tom Myers
Karen Green
Scott Eltjes
Chris Cook
Augustine Don Mears
Department of Commerce
Duane Smith
Truenorth
4Th Ave
Allied Insurance
Mcgu
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