Wall Street slides as Moody's downgrades Ireland to junk
Moody's cuts Ireland further to junk status citing rescue needs, rattling markets. Dow falls 59 to 12,446 S&P 500 dips to 1,314 Nasdaq 2,782 as volume eases. Corn output seen higher in St Louis report easing inflation risk later in 2012.
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New York
Moody’s
Ireland
Greece
Portugal
Standard & Poor
New York Stock Exchange
ST. Louis
U.S. Agriculture Department
Netflix raises prices for DVD and streaming plans
Netflix in San Francisco raises prices for combined DVD by mail and online streaming. New members pay at least 16 dollars monthly for separate plans. existing subscribers face the change starting September 1.
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San Francisco
Netflix Inc
Creem magazine to relaunch with September issue
The Detroit rooted rock magazine Creem plans a comeback after more than two decades of online presence. It will publish a September issue as a quarterly release and expand into a music network with mobile apps and streaming videos.
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Detroit
Creem
Cedar Rapids Makes Forbes Top 15 in Best Places List
Cedar Rapids ranks No 11 on Forbes 13th annual Best Places for Business and Careers list. The city leverages its ethanol industry and Rockwell Collins’s $4.6 billion sales while rebuilding after the 2008 flood and expanding arts and culture.
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Cedar Rapids
Forbes
Vanessa Miller
Gazette
U.S
United States
Jennifer Pickar
Aviation Communications
Rockwell Collins
Ron Corbett
Corbett
Cedar
Museum director grows local history program and trunks
Melanie Alexander, executive director of The Carl and Mary Koehler History Center in Cedar Rapids, leads efforts to expand educational programs including Traveling Trunks for schools. The initiative, Bringing History Home, uses artifacts and lesson plans to teach topics from segregation to local corn history.
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Rebecca Groff
Melanie Alexander
Alexander
Seton Hall University
Carl and Mary Koehler History Center
Cedar Rapids
Brucemore
New York
Chicago
Iowa
Brian Ray
the Gazette
Carl and Mary
Credit unions grow as business lending fills bank gap
Des Moines area businesses turn to credit unions for lines of credit as banks pull back after the financial crisis. Between 2009 and 2011, credit union business lending rose 7.3 percent while bank lending fell 2.4 percent, with unions pushing for higher lending caps and lawmakers weighing bills. Abdul lah, owner of Legacy Business Group, secured a $25,000 line from Veridian Credit Union after bank rejections and fulfilled a $60,000 Armed Forces Readiness Center order in Middletown, Iowa.
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Adam Belz
Des Moines
Muhammad Abdullah
Abdullah
Legacy Business Group
Iowa
Iown
Armed Forces
Middletown
Burlington
Veridian Credit Union
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History Center
Michael Chevy Castranova
Michael. Castranova
Linn County
Carl and Mary Koehler