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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 12, 2006
Page
18
Stocks reversed earlier losses to close modestly up on Tuesday as traders shrugged at weak Alcoa results and a Lucent warning. The Dow rose 31.22 to 11134.77, the Nasdaq gained 11.93 to 2128.86, with 5 advances for every 3 declines on the NYSE.
A federal grand jury indicted former Coca-Cola staffer Joyn Williams and two ex-cons Ibrahim Dimson and Edmund Duha nay on a conspiracy charge for attempting to sell Coca-Cola trade secrets to Pepsi. They pleaded not guilty at arraignment. Duha ney and Dimson were ordered held without bail pending trial. Williams was granted bond and remains free.
Microsoft will start offering updated versions of classic 1980s games on Xbox Live Arcade. Frogger launches the retro lineup with enhanced graphics and new multiplayer modes, followed by a fresh title every Wednesday for $5 to $15.
Featherlite Luxury Coaches announces its top motor coach edition the Van tare Platinum Plus valued at 2.5 million dollars. The vehicle features rare Inca marble glass tile risers copper embedded lighting and Swarovski crystals. It was unveiled at the Childress Vineyards in Lexington North Carolina owned by Richard Childress.
William Hunter, the new dean of the University of Iowa Henry B. Tippie College of Business, plans expanded partnerships with state and regional businesses, more guest lectures, and a mentoring program with retired executives. He will also host business roundtables in Cedar Rapids Des Moines Muscatine the Quad Cities and Sioux City to gauge needs and outcomes.
Andy Bodenbender and Lalanya Bodenbender renovate the 150 year old Homestead meat market into Henry's Village Market at 4125 W St. Two months old the shop features organic produce Iowa cheeses and bratwurst. The store honors Andy's grandfather Opa Bodenbender and ties to Katy's Market in Moline.
Regulators alert investors to phony gov us style sites used in a spoof government regulator scam. The NASD cites three sites impersonating real agencies to lure advance payments, often via email or fax, and may use cookies to harvest personal data.
A financial analysis notes mutual funds have boosted stock exposure, with equity funds now at about 121 percent versus 85 percent earlier. Higher exposure comes from derivatives, borrowing, and fewer hedges, risking larger swings if markets falter, while redemptions may shift assets back to equities.
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