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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 09, 2010
Page
10
Stocks gain with the Dow up 11.33 to 10 618 19 the S P 500 up 3 29 to 1 144 98 and the Nasdaq up 17 12 as traders focus on stabilizing employment signals. Zins Restaurant Cedar Rapids will honor gift cards until February 11 for Blend which closed after June 2008 flood damage.
Federal Advanced Energy Manufacturing Tax Credits of 3.9 million support TPI Composites expansion at the Newton wind turbine blade plant. The firm will meet rising demand from GE and its wind farm customers and build a Nebraska facility to produce next generation blades, creating over 200 jobs.
UPS Inc will cut 1800 management and administrative positions in the United States, about 1100 offered a voluntary separation package. The reductions aim to streamline the U S small package segment as the company positions for a gradual recovery. UPS, based in Atlanta, employs 408000 worldwide.
University of Iowa Community Credit Union, based in Iowa City, announces expansion into Linn County with plans for two new branches in Marion and a Hiawatha merger target. Ground likely for Westdale Mall area office. 20 new jobs expected. merger vote underway with Best of Iowa Community Credit Union in Hiawatha.
The Gazette reports Iowa stayed balanced in 2009 as 2,418 residential shipments left the state and 2,137 arrived. David Swenson of Iowa State University notes outbound migration may continue, reflecting limited in-state research and development activity.
Annual surveys from United, Atlas, and Allied reveal shifts in 2009 with 55 percent outbound in some measures and inbound shares capped at 55 percent. Michigan and other states face higher outbound flows as unemployment impacts relocation choices, while North Dakota bucked the trend amid low jobless rates.
John Monte Bell has become sole owner of Chezik-Bell Ford Lincoln Mercury at 2343 Mormon Trek Blvd Iowa City by purchasing the remaining 50 percent from John Chezik of Kansas CityMo The deal effective Dec 21 includes Bell obtaining Chezik s stake in Iowa Automotive Holdings which owns properties leased by Billion Honda Enterprise Rent A Car and other businesses An open house is planned at the remodeled dealership this spring marking Chezik s exit from Iowa City dealerships Bell will not acquire more non Ford dealerships
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