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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 27, 2010
Page
12
Stocks slipped after an early gain Tuesday as investors fretted over President Obama’s bank regulation plan. The Dow fell to 10,194.29, S&P 500 at 1,092.17, and Nasdaq 2,203.73. Verizon posted a Q4 loss of 653 million and cut 10,000 jobs amid a 3 billion severance charge.
The FDA announced a voluntary recall by Japan based Nipro Medical Corp of Exel and Exelint Huber needles used for port access. The 2007 to 2009 made needles can shed silicone particles into patients’ blood, posing a medical risk.
Quaker Oats Cedar Rapids plant rebuilt after 2008 flood installs efficient motors and updated HVAC as part of a system flow project. Expected savings exceed 1 million kWh annually and 64 100 dollars in energy costs, with a 100180 dollar Alliant rebate aiding further upgrades.
Coyote Springs Outdoors owner Horstman, a former Terex supervisor, will leave in June to run the archery store and range at 915 Boyson Ct full time. The Hoyt dealer with a 10-target range plans school outreach and expanding gear including fishing and camping items.
The Los Angeles Times lists 30 second ad rates for major late night programs. The Tonight Show with Conan O'Brien charges 36400 dollars, Late Show with David Letterman 26700, Lopez Tonight 20000, The Daily Show 14900, Late Night with Jimmy Fallon 12600, The Colbert Report 12500, Jimmy Kimmel Live 12000, and The Late Late Show with Craig Ferguson 8100.
Late night TV no longer a cash cow as Jay Leno return ad rates rise. 30 second prime time spots fetch 58000 while overall NBC ABC CBS late night audiences slip 20 percent in five years and 18 to 49 viewers fall 36 percent. The shift mirrors broader rise of DVRs and on demand clips.
Iowa operators including South Slope Communications say a 2009 Iowa Utilities Board decision cutting long distance revenue forced rate hikes. South Slope lifted basic residential from 14.50 to 16 and business from 16.75 to 19, with potential further increases to cover losses. Some firms boost cable rates instead, such as Martello Communications Co-op raising basic cable and broadband by notable amounts to fund a fiber network and added channels.
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