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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 14, 2017
Page
12
TrueNorth purchases CSB Insurance Group of Ankeny and will retain a presence in Community State Bank offices in Ankeny and Johnston. The Cedar Rapids insurer, active in 16 states, did not disclose sale terms. CSB started in 1999 and offers personal and commercial lines of insurance.
Takata Corp will plead guilty and pay 1 billion dollars to resolve a U S investigation into exploding air bags linked to at least 17 deaths. The plea covers wire fraud for misleading regulators and consumers with a three year probation compliant monitor. A Tokyo based supplier aims to sell after extensive due diligence amid the crisis.
Three generations grew up in the Pleasant Valley Garden Center on South Gilbert Street since 1962. Owner Aleda Feuerbach plans today as the last regular day with two weeks of by appointment hours. The family cites Riverfront Crossings district revamp and potential street widening as factors. the site is slated for demolition for a housing project. The name will continue via new greenhouses and the Pleasant Valley Golf Course.
Automakers pivot from hybrids to electric cars amid tighter emissions rules in Europe, the US, and China. Battery production costs fall, Panasonic targets 3.4 billion in fiscal 2018, while fuel-cell tech remains expensive and slow to deploy. IHS Automotive projects 50,000 fuel-cell and 2.16 million electric vehicles in 2026.
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