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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 25, 2010
Page
12
Federal Reserve Chairman Ben Bernanke’s upbeat congressional testimony eased fears and kept rates low. The Dow climbs 91.75 to 10,374.16, the S&P 500 up 10.64 to 1,105.24, and the Nasdaq advances 22.46 to 2,235.90, trimming the weekly loss.
ACT introduces an online Workplace Observation assessment to measure visual observation of a workplace event, detail recognition and memory of processes and demonstrations. Martin Scaglione, president of ACT's Workforce Development Division, says employers nationwide requested the enhanced assessment.
Ulteig a 66 year old Fargo based engineering firm opened its first Iowa office at 221 Second Ave SE in Cedar Rapids. The 2500 square foot facility houses three engineers and one surveyor. The office will expand building services civil and land services in Eastern Iowa.
The Commerce Department reports that new home sales fell 11.2 percent in January to a seasonally adjusted annual rate of 309,000 units, a record low. Prices declined 5.6 percent to a median of $203,500, with declines across regions except the Midwest which rose 2.1 percent.
General Growth Properties and Brookfield Asset Management reach a pact to speed the mall operator’s Chapter 11 exit. Brookfield to invest 2.6 billion dollars and gain about 30 percent stake. creditors and shareholders must approve. Hearing set for Monday.
Dallas based entrepreneur Dillon creates a machine filled with Hungarian goose down to fit sleep style. The process occurs in store in five minutes and results in a high end pillow personalized with a message. Revenue this year is expected to reach half a million dollars.
Toyota CEO Akio Toyoda testified before the House Oversight Committee, apologizing to American owners and promising reforms after deadly incidents and broad recalls for accelerator and braking failures. He pledged to improve consumer input and safety testing with input from drivers and external experts.
Toyota Motor Corp will offer free at home pickup of recalled vehicles, reimburse transportation costs, and provide free rental cars during repairs. The program, announced with New York AG Andrew Cuomo, expands to nationwide coverage with dealer reimbursement for the services.
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