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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 17, 2010
Page
12
Stocks gained broadly as the Dow rose 169.67 to 10,268.81, the S&P 500 added 19.36 to 1,094.87, and the Nasdaq climbed 30.66 to 2,214.19. Redbox and Warner Bros end a lawsuit with a 28 day wait before disc rentals, Burger King previews a new coffee line, NAHB says housing demand rises, and oil and gas prices retreat with stable pump prices.
Cedar Rapids based United Fire & Casualty Co reports a net in come of 1.78 million in the quarter ending Dec 31 or 7 cents a share reversing a 14.8 million loss in Q4 2008. For the year the company posts a 10.4 million loss. President Randy Ramlo cites weak economy and Katrina losses as factors. Life insurance premiums rise and the firm plans to focus on life products in 2010.
The Flamingo in Cedar Rapids returns as a revived events center under Godwin Corp ownership. Marshall Godwin notes family commitment since 1976 and plans fish fry nights, barbecues, and pizza events while preserving historic touches from Mon trose Hotel.
U.S. Rep. Dave Loebsack toured Intermec in Cedar Rapids and Everett Washington, backing a $3.2 million earmark for a worldwide Navy supply chain system. Engineers test rugged handhelds to withstand sand drops and extreme temps while Intermec pursues more funding and growth after 2008 flood damage.
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