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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 19, 2010
Page
10
Markets gained for a third straight session led by regional manufacturing, offsetting Walmart sales declines. The Dow climbed 83.66 to 10,392.90, the S&P 500 advanced 7.24 to 1,106.75, and the Nasdaq rose 15.42 to 2,241.71 as Treasuries weakened on improved data.
The University of Iowa hosts its annual spring job and internship fair from 11 a.m. to 4 p.m. on February 24 at the Iowa Memorial Union main lounge. More than 100 employers including Aviva CAST CGI Go Daddy Principal Financial Group Hawthorne Direct Buffalo Cody Epic Great America Leasing Echo Global Logistics and Microsoft will attend.
Johnson & Johnson says thousands of employees will receive lower bonuses next year due to a company wide reform. About 38 percent will see reductions while 27 percent gain and 35 percent have no change. The base salary remains unchanged.
GlaxoSmithKline will stop making Super Poligrip Original Ultra Fresh and Extra Care in the United States and reformulate without zinc amid hundreds of lawsuits over alleged neurological and blood damage from zinc overuse. Procter & Gamble says Fixodent zinc levels are about half, with no reform plan.
Tax rules apply to gambling winnings from pools and casino games. W-2G forms are used for large prizes and certain payouts, with 25 percent or 28 percent federal withholding in some cases. You must report winnings on Form 1040 and can deduct losses up to your winnings with proper records.
HHS warns of double digit premium hikes up to 39 percent in California and six other states. Anthem Blue Cross rate increases affect 700,000 California households with averages around 25 percent. The report links high individual market premiums to limited competition and rising insurer profits.
The Pew Center on the States reports a decade of policy decisions left state pension plans, retiree health care and other post employment benefits underfunded by about $1 trillion. States may cut benefits raise taxes or reduce services to cover unfunded liabilities, with 16 states deemed solid performers 15 needing improvement and 19 facing serious concerns.
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