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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 09, 2005
Page
16
The Dow Jones Industrial Average rose 146.85 points to 10,449.14, up 1.43 percent, on strong job creation data and falling oil prices. The Nasdaq gained 37.22 to 2,112.88, with advancers outnumbering decliners 3 to 1 on the NYSE.
H R Block Inc says it will miss the SEC filing deadline to restate earnings for 2003 and 2004 and will delay first quarter results to September 1. The move shifts from an August 18 release and extends the filing window to July 29.
The unemployment rate fell to 5 percent in June, the lowest since September 2001, while payrolls rose by 146000. Wall Street rallied as investors viewed the data as evidence of gradual labor market improvement.
The CAREERS Vacations program lets participants sample potential careers by trying out jobs. It offers hands on exposure, guidance, and short term work experiences to help individuals explore future pathways.
Toni Cory, a 49 year old Winfield resident, attends Vacation Vacations through Grounded Nomads at The Dog Zone in Cedar Rapids to study dog day care operations for 12 hours at $350. She will learn handling dogs, waste cleanup, and placement decisions as she plans a second career after Celestica closes. The program pairs with Dawn Walton, owner of The Dog Zone, which opened in 2002 and expanded in 2004.
The Iowa Interstate Railroad receives a 32.7 million loan from the Federal Railroad Administration to rehabilitate 300 miles of track from Atlantic to Bureau Illinois. The project aims to support 286000 pound loads and 40 mph operations with bridge upgrades, five miles of new rail, 83 000 crossties and 200 000 tons ballast. Completion is planned for the end of 2006.
SBA data show Iowa firms secured 658 loans worth 142.6 million through June 30, surpassing all of fiscal 2004. 7(a) loans rise to 571 with 107.9 million so far, while 504 loans total 87 worth 34.7 million. National totals reach record levels in 7(a) and 504 programs.
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