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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 13, 2010
Page
10
U.S. stocks fell Tuesday with the Dow down 36.73 points to 10,627.26 and the Nasdaq slipping 30.10 to 2,282.31, erasing earlier gains as investors grew cautious about the global economic rebound. ACT introduced the WorkKeys Readiness Indicator to estimate chances of achieving basic scores in reading, math, and locating information, via a 28 item 30 minute test at partner sites.
ITC Midwest, operator of the former Alliant Energy transmission system in Iowa, connected 716 megawatts of new wind capacity in 2009. The output equals five Iowa wind farms and can power about 200,000 homes, boosting total wind capacity to more than 2,200 megawatts in Iowa and Minnesota. ITC acquired the system from Interstate Power & Light in December 2007.
AlphaGraphics combines North Liberty operation opened in 2008 and Signs and Screenprinters of Iowa City started in 1987 into one AlphaGraphics. The merged firm operates offices at 505 Southgate Ave Iowa City and 720 Pacha Parkway No 1 North Liberty and expands signage and vehicle graphics capabilities.
Cedar Rapids Mayor Ron Corbett plans to appoint a non resident from Johnson County to the five member Cedar Rapids Airport Commission after Helen Arnold resigned to move to Las Vegas. Corbett cites Johnson County travel share and Corridor regional interests as reasons to broaden representation. The commission expects to name a successor who can help select a new airport director.
AP reports farmers in Seattle gathered 5,000 strong as American Farm Bureau President Bob Stallman urged a tougher stance against animal rights activists. He cited rising costs and legislative pressure while Ohio voters backed livestock care standards, reflecting a broader push to unite agriculture against cage free and puppy mill regulation efforts.
Bank of the West will build a 1,500 square foot Coralville branch at 800 22nd Ave replacing the Hy Vee branch at 1914 Eighth St. The new facility with three tellers a drive up ATM and a night deposit box should open in early spring. The Hy Vee branch will stay open until the new bank opens.
The Federal Reserve issued sweeping rules aimed at protecting consumers from sudden rate hikes. Effective February 22, the rules bar rate increases in the first year after account opening and require a 45 day notice before increases after the first year. They also limit actions on existing balances, require consent for overlimit fees, and ban under 21 card issuance unless a co-signer can pay.
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