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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 05, 2007
Page
9
Wall Street recovered from a mostly down session as investors brushed off another slide in Chinese stocks. The Dow rose 8.21 to 13,676.32, the S&P 500 gained 2.84 to 1,539.18, and the Nasdaq rose 4.37 to 2,618.29.
ENI Corp. announced Monday that Eugene Sung will become president of the Allsteel division and executive vice president of HNI. Sung formerly led as senior vice president at Scotts Miracle-Gro and has held top roles at Coca-Cola, Campbell Soup, and McKinsey. He holds a chemistry degree from Bowdoin and studied at Wharton. Allsteel, founded 1912 as All-Steel-Equip, supplies files desks and office furniture.
The U S Department of Agriculture Rural Development awarded 1.28 million in guaranteed loans and grants to Iowa. Twenty farms and businesses will use the funds to purchase new grain drying systems improving energy efficiency. Contact Rural Development at (515) 284-4714 or www.energygrantiowa.com for grant information.
Krispy Kreme Doughnuts Inc reports a first quarter net loss of 7.4 million dollars or 12 cents a share for the quarter ended April 29, down from 6 million dollars or 10 cents last year. Revenue drops to 110.9 million from 119.4 million amid a 9.6 million prepayment fee and deferred financing costs write-off.
A random survey of gas prices in the Corridor shows figures captured yesterday afternoon with prices rounded to the nearest cent. Drivers and households monitor shifts as stations adjust per refueling needs.
U S Representative Dave Loebsack met with area entrepreneurs at the Entrepreneurial Development Center to discuss access to capital and skilled workers including foreign workers on H1B visas. He toured CoVault Technology and Express Auto Delivery in Cedar Rapids and noted the multiplier effect of new business on jobs and urban revitalization.
By Marlene Lucas rain disrupts daily work as city employees face car departures in gusty conditions and farmers lose a full day of labor. Rain fell five days in the period, halting outdoor tasks and delaying chores.
Benjamin Schmidt farms in Town City and reports rain slowed weed spraying. He says a few hard days of hunting will help catch up. April wet weather delayed Iowa planting but most fields were completed a few days after the normal finish. some farmers in west central and southwest Iowa faced longer delays due to downpours and flood damage. Guthrie Center has recorded over 20.7 inches of rain since April 1, about 12.71 inches above normal.
Budget friendly tips include shopping at local farmers markets for seasonal produce, buying meat in bulk and freezing, using cheaper cuts like flank steak, growing herbs at home, and shopping at discount stores or restaurant supply outlets for kitchen basics.
Governor Culver told the American Wind Energy Association conference in Los Angeles that Iowa aims to lead the wind energy market with more than 1000 turbines powering about 250 000 homes annually. He noted the Iowa Power Fund will invest 100 million over four years in renewable energy research and highlighted tax credits, skilled workforce, and Iowa’s rail and river access attracting manufacturers like Acciona Energy Siemens Wind Power and Clipper Windpower.
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