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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 17, 2012
Page
6
Investors pushed U.S. stocks to their highest levels of the year with encouraging signals on jobs and housing. The Dow Jones Industrial Average rose 15 points to close around 12,904, its third triple digit gain of the year, the highest close since May.
A report states Mars intends to limit all candy bars to 250 calories or fewer. It mentions brands under control of the company including Milky Way and Snickers, and notes potential changes across the chocolate product portfolio.
Clifton Larson Allen plans to relocate to downtown Cedar Rapids by January 1, 2018 occupying the top floor of a new 45,000 square foot office building at 600 Third Ave SE. The merger of Clifton Gunderson and Larson Allen forms the firm with about 40 employees and room to grow, as city leaders weigh tax incentives for the $5.4 million project.
Ports along the Atlantic race to adapt for bigger ships after the canal opens. New York and New Jersey plan bridge upgrades. Savannah and Charleston expand to attract megaships. Miami and Port of Miami face dredging delays. experts note eastward traffic already rising while West Coast shares resist loss to canal growth.
GM reports 2011 net profit of 7.6 billion with North America earnings of 7.2 billion and 47 500 workers receiving 7000 profit sharing. International operations earned 1.9 billion before taxes as cost cuts trim 500 million in Q4. GM sees 11.9 percent global market share and stock rises near 9 percent.
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