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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 29, 2012
Page
6
The Dow Jones closes above 13,000 for first time since May 2008 five-point gain to 13 005. The Nasdaq and S&P also finish higher as investors weigh bank profits, FDIC data, and U.S. economic optimism despite lingering crisis effects.
The report outlines likely payments by General Motors running to about 5.93 billion in a strategic move amid fluctuating market conditions. Analysts expect the firm to manage funding through varied channels while monitoring supplier costs and wage pressures.
Sony reports strong first week sales for the PlayStation Vita in North America Latin America Europe and other regions after its December 1 launch in Japan and Asia. The handheld faces stiff competition from mobile devices and Nintendo.
Great Western Bank plans to enter Eastern Iowa this summer by buying Liberty Bank's North Liberty branch at 655 Community Dr and acquiring an unnamed bank. The North Liberty office is slated to open in June with the acquisition expected in July pending regulators. Liberty Bank will transfer North Liberty accounts to its Coralville branch and will sell branches in Iowa Falls and Granger to raise capital and cut costs.
Dan Waltz runs Wildlife Habitat at 166 Collins Rd NE Cedar Rapids. The store sells high quality seed and garden art to local and nationwide customers. He stresses fat content in blends, warns against fillers like Milo, tests products at home, and keeps 22 backyard feeders stocked.
Iowa officials say ESOPs and tax policy changes will drive three-year push to create middle class jobs in Iowa. Debi Durham cites easier ESOP setup, lower intrastate sales tax, and a unified state marketing plan with RAGBRA. Branstad backs freight rail upgrades while Amtrak expansion faces doubt.
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