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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 10, 2010
Page
12
The Dow Jones industrial average climbs above 10000 on hopes EU aid to Greece and bigger policy steps to curb debt troubles. The Dow rises 150.25 to 10058.64, the S&P 500 gains 13.78 to 1070.52 and Nasdaq up 24.82 to 2150.87 amid global market bounce.
Cedar Rapids Area Chamber of Commerce canceled its annual lobbying trip to Washington D C for Corridor communities due to weekend snowstorms. Of 45 registered, 25 could not fly in while ground transport remained uncertain. a smaller May delegation for the U S Small Business Summit is planned. A Quad Cities chamber lobbying trip was also canceled.
The Tilted Kilt at 1140 Blairs Ferry Road NE Cedar Rapids closed over the weekend and remained shut Monday with a sign noting closure for new management training. Franchise owners Al and Donna Meyer opened the Scottish themed pub in 2008 and the business faces several lawsuits from food and beverage distributors and contractors.
Rockwell Collins calls 2010 a year of transition with signs of stabilizing key commercial markets though large sales gains likely in 2011. Defense sales rise while 2009 revenues fell 4 percent and earnings per share dropped 10 percent. The company plans a $20 million annual savings by closing a San Jose facility and shifting 600 jobs to Iowa Florida and Oregon.
Burlington based Winegard plans to release its first mobile television CIO in Q2 as one of the early ATSC M H receivers. The device works at speeds up to 140 mph, targets car and RV use, and will be sold via car dealers and big box stores. CIO peaks at 699 dollars, with a non mobile version at 599 dollars.
Google unveils Buzz a social feature integrated into Gmail to share photos videos and status updates. It automatically follows frequent contacts offers web content sharing updates in inbox and mobile access with location aware buzz posts.
Shareholders failed to pass an advisory say on pay proposal at Rockwell Collins annual meeting. About 63.8 million votes opposed versus 51.8 million for. the measure would have allowed a yearly advisory vote on executive compensation. An unrelated incentive plan amendment passed.
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