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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 07, 2010
Page
10
Investors held steady as a batch of mixed reports and Fed policy divisions produced little clarity. The Dow edged up to 10,573.68 while the S&P 500 rose to 1,137.14 and the Nasdaq fell to 2,301.09.
The ISM service index rose to 50.1 in December from 48.7, signaling expansion as holiday shopping boosts activity. Employment remains weak with the employment gauge at 44, and seven of 18 industries grew, led by agriculture and retail.
Methane from decaying garbage at the Altamont landfill fuels a plant converting waste into liquefied natural gas used by nearly 500 Waste Management trucks. The project cuts CO2 output and feeds a broader push for landfill methane energy among U.S. sites and future plans.
Mediacom reports productive talks with Sinclair Broadcast Group and expresses optimism a new three year agreement can be wrapped up within a day. Extension kept Orange Bowl viewing intact for Iowa customers while negotiations continue amid rising retransmission fees and wider industry pressures.
The National Taxpayer Advocate reports three in ten callers fail to reach a human and wait times average about 12 minutes. Taxpayers face delays while the IRS cites unprecedented call volumes tied to temporary relief measures and urges use of its updated website for refunds and answers.
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