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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 28, 2007

Page

10

Grassley seeks tax extension for Iowa farmers hit by outages

Senator Chuck Grassley requests an IRS filing extension for Iowa farmers after widespread power outages disrupt access to computers and appointments. The extension would depend on a presidential disaster declaration and apply to counties within it. Grassley noted farmers face water and livestock risks while utilities remain down.

Iowa Chuck Grassley Grassley New Hartford

Lithia Motors expands Iowa footprint with new dealerships

Lithia Motors buys additional Iowa stores in Ames Des Moines and Johnstown renaming them Lithia Nissan of Ames Lithia Infiniti of Des Moines Lithia Volkswagen of Des Moines Audi of Des Moines and Honda of Ames The deals add about 100 million in annual revenue and bring 245 million in annualized sales after prior acquisitions including Infiniti Acura and BMW Mercedes dealerships in Des Moines Cedar Rapids and surrounding areas.

Lithia Motors Oregon Allen Motor Co Hiawatha Iowa Ames Johnston Des Moines Lithia Nissan Lithia Infiniti Lithia Volkswagen Audi Honda Lithia BMW Mercedes-Benz Cadillac Cedar Rapids Saturn Kia Acura

Toyota plans Highlander plant in Mississippi by 2010

Toyota and Mississippi officials announced a $1.3 billion eighth North American plant to build Highlanders on a 1,700 acre site at Blue Springs near Tupelo. The factory, expected to produce 150,000 Highlanders annually, will create about 2,000 jobs as the region recovers from furniture industry job losses.

Toyota Motor Corp Mississippi Toyota North America Blue Springs Tupelo Arkansas Tennessee

Oil prices rise above 62 per barrel as inventories loom

Energy prices climbed on Tuesday with light crude trading around 62.12 to 62.25 dollars per barrel on the Nymex as expectations of falling U.S. product stocks offset weaker demand fears from China. The EIA was due to report gasoline and distillate inventories later today.

U.S China New York Mercantile Exchange U.S. Energy Information Administration Gazette Vare

Wall Street Drops on Global Concern Amid Market Selloff

U S and Chinese economies spook investors as Dow plunges over 500 points at one point and closes down 416.02 to 12 216 24 Nasdaq slides 96 65 amid broad global selling. Analysts expect a lasting correction not a bear market.

Associated Press the Gazette Dow Jones U.S New York Stock Exchange Dow

Farms rely on generators as outages strain Iowa dairies

Farmers on the Gary and Nona Reyhons dairy farm near Mount Vernon cope four days into a power outage. Their generator runs milking but not the tank cooler or home furnace, forcing tough choices and water hauling for cattle. Neighbors report similar generator strain as cold weather complicates farming chores and calving. The Iowa Agriculture Department and Land Stewardship are involved in response efforts.

Him Stosarek the Gazette Gary Reyhons Ely Nona Mount Vernon Reyhonses Gary Reyhouses Prasil Iowa Agriculture Department Land Stewardship

Insurance best for small business losses

Denny Dietrich faced about 35000 dollars in spoilage losses after 25 hours without power at Garys Foods in Mount Vernon. He relies on inventory coverage though he notes it won’t cover all costs. Insurance agent Linda Payne explains premiums reflect expected losses and relocation capacity.

George ¢. Ford the Gazette Denny Dietrich Gary's Foods Mount Vernon Dietrich Gary Lucy Nash Finch Co Linda Payne Skogman-Carlson Insurance Agency Cedar Rapids Payne

Credit score basics students should know and use

A college focus on credit scores explains the FICO system 300 to 850, how payment history and amounts owed drive 65 percent of the score, and why a 720+ yields lower rates. It notes student awareness gaps and Augsburg College’s Dollar Sense program.

Ast College FICO Fair Isaac Corp Minneapolis Annualcreditreport.com Augsburg College Financial Aid Carly Richhorst Hichhorst Justin Ingebretson Nou Chang Fair Isaac

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