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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 13, 2007
Page
9
The Dow dropped 28.28 points to 12,552.55 and the Nasdaq slipped 9.44 to 2,450.38 as investors faced disappointing acquisition collapses and awaited a batch of upcoming economic indicators. Advancers led decliners 3 to 2 on the NYSE.
The Iowa Business Council reelects Max Phillips as chairman and Donna Katen-Bahensky as vice chair for the coming year. Phillips leads Qwest Iowa while Katen-Bahensky serves as senior AVP for medical affairs and CEO of University Hospitals. The group includes top executives from Iowa’s major firms, three state university presidents, and the state’s largest banking association.
The Treasury Department sold 19 billion dollars of three month bills at a discount rate of 5.025 percent and 15 billion dollars of six month bills at 4.965 percent. The prices implied were 9,872.98 for a 10,000 three month bill and 9,748.99 for a 10,000 six month bill, reflecting the discount from face value.
Yum Brands Inc reports a 3 percent rise in fourth quarter net income to 232 million dollars or 83 cents a share, on 3.01 billion dollars in revenue, while analysts expected 79 cents per share on 2.9 billion dollars.
Cedar Rapids based United Fire & Casualty reports Q4 2006 net income of 29.3 million or 1.06 per share on 166.4 million revenues, reversing 2005 loss due to hurricane claims. Full year 2006 net income 88.1 million or 3.37 per share on 635.6 million revenues. CEO John Rife cites strong non catastrophe underwriting and reduced Gulf Coast risk.
Metro High School Career Connections class runs The Heart of Downtown a one stop Valentine shop in the Nucleus Retail Incubator at 207 Second Ave SE. Since opening Jan 29 the store sold balloons flowers cards candies and plush items turning over inventory twice and earning 2700 with help from Mount Mercy College Students in Free Enterprise and local retailers.
Consumers can uncover errors in medical bills by comparing explanation of benefits with charges. Review dates of visits, services billed, and negotiated rates. ensure patient name matches and insurance coverage aligns. Keep organized records, check annually, and contact providers and insurers if an error is found.
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