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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 18, 2014

Page

10

Microsoft to cut up to 18000 jobs amid Nokia overhaul

Microsoft will shed as many as 18000 positions this year, about 14 percent of its workforce, as it trims Nokia unit roles and pivots to cloud computing and mobile friendly software. Nadella aims for a leaner structure with fewer management layers ahead of July earnings.

Microsoft Nokia Nadella

Older Americans Carry Rising Share of Student Debt

More than 16 percent of the nearly 1.2 trillion dollars in U.S. student loan debt is held by people over 50 according to the New York Federal Reserve. Borrowers often took loans for children or retraining late in life, with some facing Social Security garnishments and retirement years of debt. Andrew Jones of Englewood, New Jersey, owes about five thousand dollars from loans taken in 1970 and now fears continued collection. Betsy Mayotte of American Student Assistance warns the problem will grow as wages stagnate and more parents take Parent Plus loans for their children. Storch worries about her father’s retirement while he battles the loan burden.

New York Federal Reserve Bank Natalia Abrams StudentDebtCrisis.org Andrew Jones Englewood N.J Jones Yankton College S.D Federal Reserve U.S Betsy Mayotte American Student Assistance Rachel Storch Rowan University Glassboro Storch

Rockwell Collins to build UK center of excellence in Reading

Rockwell Collins unveils a new three story Reading facility in England with 40 000 square feet of laboratories and 30 000 square feet of offices. The Cedar Rapids based avionics firm plans a 34 million dollar investment over 15 years to support advanced technology research and development for commercial and military customers in the UK and Europe.

Rockwell Collins United Kingdom Reading England Cedar Rapids International and Service Solutions U.K Mahoney Europe Reading Center

Emery Place breaks ground for Robins assisted living complex

Emery Place a 40 apartment assisted living and memory care community in Robins begins construction. SherMar LLC will own the facility at 901 S Mentzer Rd with Senior Housing Management in Cedar Rapids handling operations and Rinderknecht Associates as contractor. The site will include restaurant style dining spa and gym plus a secured memory care unit for Alzheimer’s and related dementias. The facility aims to open next spring with 24 hour staffing a full time nurse and on site coordinators.

Emery Place Robins SherMar LLC S. Mentzer Rd Cedar Rapids Iowa Department of Inspections and Appeals Alzheim Rinderknecht Associates of

Also Mentioned on This Page

Satya Nadella Wall Street Daniel Ives FBR Capital Markets Steve) Ballmer Don Smith The Bergen Record Rockwell George C. Ford the Gazette George.ford Sourcemedia.net Robins Assisted Living JPN Architects Cedar Rapid Senior Housing Management
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