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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 02, 2011
Page
15
New York stocks surged on Friday as a rebound in U.S. manufacturing lifted markets. The Dow climbed 168.43 points to 12,582.77, up 1.4 percent, while the S&P 500 rose 18.94 to 1,339.67 and the Nasdaq gained 42.51 to 2,816.03.
A consortium including Apple and Research In Motion will pay 4.5 billion dollars in cash for about 6000 Nortel patents and applications after outbidding Google in an auction. The Nortel assets cover data networking semiconductors and 4G wireless tech.
Detroit reports falling gas prices revived truck buyers while smaller cars sold strongly. Analysts forecast U S sales up about 13.5 percent from last June to roughly 1.1 million vehicles. GM and Ford both posted 10 percent gains, Chrysler up 30 percent.
Uber Media, a California based company behind apps letting users access Twitter on mobile devices, said it was contacted by the Federal Trade Commission about Twitter. The dispute centers on whether UberMedia can continue offering Twitter related apps amid a broader clash with Twitter over its business model and potential efforts to curb such startups.
GreatAmerica Financial Services Corp has acquired the eight story 156000 square foot Great America Building from River Cedar Properties LLC in downtown Cedar Rapids. The purchase ends plans for a second office tower on the north parking lot and reinforces the company’s downtown commitment after the 2008 floods.
At the Los Angeles E3 event three big titles draw attention including Gears of War 3 Call of Duty Modern Warfare 3 and Uncharted 3 Drake's Deception while Rage aims to wow buyers despite scant familiarity with its new characters world and story.
Tim Willits of id Software calls Rage an expensive project built on the id Tech 5 engine. Bethesda Softworks promotes the wasteland shooter with ads and a comic series while executives caution against expecting Call of Duty level sales despite high quality.
Glipper Windpower plans a Cedar Rapids built prototype in Iowa using a 2.5 MW Liberty platform upgrade for low wind sites. The Iowa Power Fund Board awarded 2.3 million to manufacture and install the prototype, with Clipper and Kirkwood Community College involved in training, site studies, and potential campus placement.
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