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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 20, 2010
Page
5
Investors moved back into stocks on Tuesday as health shares drove gains. The Dow rose 115.78 to 10,725.48 and the S P 500 advanced 14.20 to 1,150.23, highest closes since October 1, 2008, while the Nasdaq Composite climbed 32.41 to 2,520.40.
Buckle the trend conscious teen apparel retailer will close its Westdale Mall location in southwest Cedar Rapids on Wednesday. The Kearney Nebraska company operates more than 400 stores including Lindale Mall in Cedar Rapids and Coral Ridge Mall in Coralville.
The U S Air Force awarded Rockwell Collins a 9.1 million contract via DataPath to provide maintenance and field service for the Ramstein Air Base satellite communications teleport. The agreement includes remote convoy monitoring in Iraq and staff of nine field service engineers.
Lee Enterprises reports its second consecutive quarterly profit as operating costs shrink and outsourcing reduces expenses. The company earned 27.9 million dollars or 62 cents a share while cutting about 1,000 jobs in fiscal 2009 and finishing with roughly 7,200 employees.
Oil benchmarks advance with the stock market as crude for February delivery settles at 79.02 after a 1.02 gain on the New York Mercantile Exchange. Gas prices slip for a fourth day, averaging 2.74 per gallon, still near a 15 month high.
Milwaukee professionals describe actuaries as the engineers of the insurance industry. The CareerCast ranking put actuary as the top job, ahead of software engineers and analysts, while experts note strong demand from health care reform and pension costs.
Ethanol production expected in March at the Firelight plant in Blairstown Blair town. CEO Craig Stuart-Paul says conversion from grain to organic waste with 19 initial jobs at over 35000 dollars on average.
Simpson Furniture expands from Cedar Falls to Coralville with a new corridor store at 2300 Jones Blvd the former C and 8 Furniture Gallery. The 12 staff include Zach Epley and another manager. hours start Feb 1. The company operates La Z Boy Comfort Studio Flexsteel Lane collections and Ty Pennington line.
Hy-Vee Inc begins remodeling at 3600 Business Highway 151 Marion updating the vestibule container entrances, beverage container redemption area, and dining space. The project runs through May with no store disruption and adds energy efficient cases in meat and Chinese food sections as well as improved customer service area.
Haight's Hawkeye Meat Market and Catering at 100 E Oakdale Blvd Suite 400 closed December 21. Owner Mike Haight, a former Hawkeye and NFL lineman, opened the store with his wife in 2003 and also develops Oakdale Commons. A contested foreclosure case against Oakdale Commons by Freedom Security Bank is set for trial February 15.
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