Siemens to shift software jobs offshore to Asia and Eastern Europe
Siemens will move most of its 15,000 software programming posts from the United States and Western Europe to India China and Eastern Europe Anil R Laud says lower costs drive the relocation About 3 000 of Siemens 30 000 programmers are already in India The exact U S job counts and destinations were not disclosed
MENTIONED IN THIS ARTICLE
Siemens
United States
Europe
India
China
Anil R. Laud
Siemens Information Systems
Iowa study links low wages to stretched family budgets
Iowa State University researchers led by Jan Flora report one in five Iowa families cannot cover basic household costs. They define self sufficiency as earning 85 percent above the poverty line, with a single mother of two needing 13.80 hourly and a two working adult family of four needing 32 800 yearly. The study urges raising the minimum wage to 6.85 7.70 per hour, expanding the earned income tax credit, and improving access to affordable child care and health insurance.
MENTIONED IN THIS ARTICLE
Rick Smith
The
Gazette
Iowa
Iowa State University
Flora
Gasoline and diesel prices rise nationwide in late winter
The Lundberg Survey of 8,000 stations finds gasoline up 3.61 cents to a national $1.68 per gallon and diesel up 3 cents to $1.69. Prices have climbed over 17 cents since late December amid OPEC cuts, higher crude costs, and cold weather boosting heating oil demand.
MENTIONED IN THIS ARTICLE
Lundberg
Trilby Lundberg
OPEC
Wal-Mart February sales near high end of expectations
Wal Mart Stores said February same store sales were tracking near the high end of expectations with Valentine items outerwear among the strongest categories. The retailer forecast a 3 to 5 percent year over year gain in US stores open at least a year with food apparel and pharmacy among top categories. The update covers sales through February 13.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
Wal- Mart
United States
Cedar Rapids business accelerator helps scale local firms
The Entrepreneurial Development Center of Cedar Rapids reports 66 clients since last October at the Armstrong Centre, with 12 receiving ongoing help. The program targets growth issues in existing businesses, shaping plans to build wealth in the Cedar Rapids Iowa City Technology Corridor. Atlas Ergonomics and AES Corp. credit the center with refining pitches, securing capital, and redefining strategy, leading to a Steelcase partnership and a local acquisition.
MENTIONED IN THIS ARTICLE
The
Gazette
Cedar Rapids
Entrepreneurial Development Center of
Armstrong Centre
Curt Nelson
Iowa City
Atlas Ergonomics
Drew Bossen
Bossen
Nelson
Curt
Atlas
Steelcase Inc
David Garretts
AES Corp
AES
Marlene Lucas
the Gazette
Stacey Rife
Four ex Qwest officials face trial over $34 million revenue scheme
Four former Qwest executives head to federal court for jury selection in a case tied to improper $34 million revenue booking. Prosecutors allege a conspiracy to lie to auditors and rush equipment deliveries to hit quarter ends, part of a scheme linked to the Arizona School Facilities Board deal and a broader $2.5 billion revenue restatement. The trial could last a month with potential prison terms and fines if convicted.
MENTIONED IN THIS ARTICLE
Denver
Qwest
Arthur Andersen
Arizona School Facilities Board
Arizona
AT&T Wireless Receives Competing Buyout Bids From Cingular and Vodafone
AT&T Wireless Services Inc faces rival bids from Cingular Wireless and Vodafone Group PLC, each offering about 38 billion dollars. Cingular previously offered 13 to 14 dollars per share with a 35 billion total, while Vodafone increased its weekend bid and then matched Cingular at 38 billion, as the board weighs the best path.
MENTIONED IN THIS ARTICLE
At&t Wireless Board
Cingular
Vodafone
Competitiv
Atlanta
Cingular Wireless
Britain
Vodafone Group PLC
At&t Wireless Services Inc
Redmond
Wash
Vodafone PLC
Japanese restaurant Osaka to open at First City Square Cedar Rapids
Kong Bin Ni plans the Osaka Japanese Steak House and Sushi Bar in 5001 First Ave SE at First City Square near Lindale Mall. The 5000 square foot venue will offer hibachi tableside cooking and a sushi bar with Japan imported furnishings. It aims for mid April opening and a more upscale concept than his other restaurants.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Gazette
Cedar Rapids
First City Square
Lindale Mall
Osaka
Iowa
Kong bin Ni
Kong
Japan
New York
ShopKo
First Ave
Gerry Ambrose
Iowa City
I Iowa
Nothing But Noodles
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Enron Finance
Andrew Fastow
Kopper
Fastow
SciTyme
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Edc Inc
David. Dewitte
Gazettecommunications.com
Qwest Communications International
Grant Graham
Thomas Hall
John Walker
Bryan Treadway
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Benihana’s
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Des Moines
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CPA
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CSA
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