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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 06, 2010
Page
12
Wall Street barely moved as investors eyed two key reports on employment and services. The Dow slipped 11.94 to 10,572.02, the S&P 500 gained 3.53 to 1,136.52, and the Nasdaq rose 0.29 to 2,308.71 amid cautious trading.
The Bohemian, a bakery cafe and pub on 95 16th Ave. SW Cedar Rapids, Cedar Rapids, closed December 31 for pipe repairs and maintenance. Owner Bridge Casey says the closure is temporary and hopes to reopen in about two weeks, or by month’s end.
The National Association of Realtors reports a 16 percent drop in pending home sales to index 96, ending nine months of gains. Investors rushed to buy before a tax credit deadline extended, while energy prices surge with crude up 14 percent since mid December and gas prices rising toward 2009-peak levels.
Nichole Mormann, a Be ckman graduate, returns to Cedar Rapids to launch Capri College's 15 week makeup artistry course. The program accepts 10 students per session at about $4 000, leading to certification for film television print and related careers.
Iowa electric cooperatives and municipal utilities plan five year energy efficiency programs with average annual spending of about 14 million and 71 million over five years. Projects include rebates for Energy Star appliances efficient lighting and residential energy audits aiming to cut consumption and power thousands of homes. Reports filed with the Iowa Utilities Board respond to a 2008 law and detail targets for 2012 and beyond.
DETROIT AP big automakers report 2009 as the worst U S sales year in nearly 30 years with GM Chrysler Subaru Honda Nissan Toyota posting declines yet Hyundai and Kia posting gains. Ford says full year sales Down 15 percent with first annual market share gain since 1995.
ISU professor David Swenson will speak at two Corridor events on Iowa and regional economics. He will cover labor markets, unemployment issues, and a recent regional economic competitiveness assessment, including bioprocessing and food processing impacts.
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