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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 06, 2011
Page
10
Wall Street closed lower as Moody's downgrade of Portugal heightened Europe debt fears. The Dow fell 13 points to 12,569.87, the S&P 500 slipped 2 to 1,337.88, while the Nasdaq rose 10 to 2,825.77 on light 3.4 billion shares.
U.S. factory orders increased 0.8 percent in May to 445.3 billion dollars led by airplanes autos and oil drilling equipment. The May rise follows a revised 0.9 percent drop in April and shows demand recovery from the recession low in March 2009.
A WTO panel ruled China limits exports of coke bauxite and magnesium, rejecting environmental necessity as a justification. The decision supports US EU and Mexico in a 2009 case accusing China of favoring domestic industry with quotas, with implications for rare earth trade disputes. Dell outlines shift from PC sales to servers, storage systems, data management, smartphones and tablets at its investor meeting.
Lawyer turned business owner Kim Ten Eick opens Intelligent Life Toys in a 2,000-square-foot Marion shop across from the park. The hands on store offers games puzzles books and puppets to spark imagination. Ten Eick renovated a historic building herself while planning the venture and aims to raise kids with intelligent play.
Captain Kim Ten Eick will open Intelligent Life Toys at 1070 Seventh St Marion. She draws on a Home Depot Garden Center stint to master customer service and plans fall events like puppet shows author signings and family game nights to delight kids and support local shops.
Google contemplates acquiring more smartphone related patents after losing a $4.5 billion Nortel portfolio bid. Patent brokers say the tech company aims to deter lawsuits and build a stronger Android defense with additional acquisitions.
Verizon worker Rafael Cabrera lost 219 pounds in 11 months using the company gym and three trainers at $15 a month. Larger firms have kept wellness benefits amid recession, with studies showing wellness programs reduce health costs and absenteeism. Skeptics worry those inclined to healthy lifestyles may skew effectiveness.
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