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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 27, 2005
Page
16
Stocks extended gains into a second session as Oracle provided a bright outlook and Texas Instruments posted strong results. The Dow gained 37.03 to 10,498.59 and the Nasdaq rose 26.14 to 2,046.09, with advancers outpacing decliners about 3 to 1 on the NYSE.
Human Rights Watch reports poor working conditions at three U.S. plants in Nebraska Arkansas and North Carolina. Workers face injuries denied medical care and terminations. Recurring injuries and unsanitary sites plus anti union suppression are noted. Meredith to launch Siempre Mujer aimed at Hispanic women next fall.
Maytag Corp appointed Paul Bognar as senior vice president of sales effective February . Bognar currently serves as vice president and general manager Canada for Maytag International and will head the field sales organization replacing Christopher Wignall who shifts to a role on special growth projects.
Elwynn Taylor of Iowa State University says soil moisture is adequate nationwide and yields may exceed trend by about 2 percent. He cautions a 19 year cycle suggests two drought years in six, urges drought-tolerant crops and higher price selling, and notes El Nino/La Nina signals to watch.
Alliant Energy completed a 20 million retrofit at Sixth Street Generating Station in Cedar Rapids boosting coal use to about 95 percent low sulfur Wyoming coal. The project lowers sulfur dioxide and nitrous oxide while maintaining service, with Building 12 upgrades and safety features. The plant, commissioned in 1888, still powers a district steam system and generates 35 to 45 megawatts.
MidAmerican Energy requests state approval to expand its 310.5 MW wind farm in northwest and north central Iowa by 50 MW. The plan adds 15 turbines at Intrepid near Schaller and 35 at Century Wind near Blairsburg, boosting output enough for about 100,000 homes. The Iowa Utilities Board is expected to rule soon.
Rockwell Collins, Cedar Rapids, reports record first quarter results with net income of 90 million dollars and sales of 763 million. Government systems up 25 percent to 390 million, commercial division 373 million. CEO notes faster post‑9/11 recovery in in flight entertainment and retrofits.
Jurors heard Bernard Ebbers say on recordings that he was a P E graduate not an economist amid questions on revenue earnings and trends. The tapes from 2001 and 2002 were shown to support the defense claim Ebbers left details to CFO Scott Sullivan in the WorldCom accounting fraud trial.
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