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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 27, 2010
Page
11
The Dow rose 4.23 to 10,325.26 as indexes posted modest Friday gains. The Nasdaq advanced 4.04 to 2238.26, while the S&P 500 gained 1.55 to 1104.49. Weekly losses persisted though February showed notable monthly increases.
Broadcast Interactive acquires Decisionmark Corp operating as TitanTV Media in Cedar Rapids. TitanTV, founded 1993, provides online software data real time signal coverage TV listings and program guides with its TitanCast syndication platform. Terms not disclosed. TitanTV is based in Cedar Rapids and Media is based in Madison Wisconsin, a local media advertising and tech solutions provider.
Fannie Mae requests a federal cash infusion of 15.3 billion following a 16.3 billion loss in the October December quarter. The firm, under federal conservatorship since 2008, shows 11.9 billion in credit losses and a 5 billion write down for low income tax credits, offset by 1.2 billion in Treasury dividends. The bailout request comes after receiving about 60 billion from taxpayers.
Iowa Secretary of Agriculture Bill Northey warns Congress that extending the biodiesel tax credit is urgent as producers face profitability pressures. He cites potential future renewals for ethanol and wind credits and notes the 1 per gallon biodiesel credit expired December 31. Northey also discusses ethanol demand, Iowa agriculture growth, and flood mitigation ideas in north central Iowa.
Lynch Collision Center in a Linn County community uses waterborne paint at lower temperature and energy efficient lighting. Owner Jim Thompson cites 80 degree drying, daylighting, and quieter operations aided by recycled air system. Expansion possible with dealer affiliate Lynch Ford Mount Vernon.
Regulators defend bank rules as not choking credit as lawmakers and small business owners push for more direct lending. FDIC official Gruenberg says banks retain loan discretion while Fed Governor Duke notes regulators urge lending to creditworthy borrowers. House hearing weighs a $30 billion small business fund touted by Obama.
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