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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 09, 2007
Page
10
Stocks rebounded Friday after a three day losing streak as the 10 year Treasury yield eased from five year highs around 5.26 percent to about 5.11 percent. The Dow rose 157.66 to 18,424.39, gaining 1.19 percent, while the Nasdaq climbed 32.16 to 2,573.54, ending the week down about 1.8 percent.
Marriott International Inc will pay 220 million in cash to settle tax and labor charges related to its employee stock ownership plan. The deal adds a 54 million pre tax charge (13 cents per share) and reduces shareholder equity by 114 million in Q2. Shares rose 43 cents to 45.58.
Northwest Airlines flight attendants face halted payments after a close May 29 contract vote. About 8,100 workers approved the contract by 104 votes, with roughly 15,000 each due by June 18 from the sale of their claims, while union eligibility issues stalled some members from voting.
U S Cellular completed a new cellular site north of I 80 and west of Coral Ridge Avenue in Coralville. The tower improves coverage along Iowa 965 between North Liberty and U S Highway 6, said Ja diy Valenta director of sales.
A random survey tracks gas prices in the Corridor as of yesterday afternoon. Prices are rounded to the nearest cent.
Norfolk Iron, a Nebraska based steel supplier, will open a 250000 square foot Durant distribution center on 37 acres, hiring 135 workers over three years. The project, backed by a 558000 state grant, aims to serve Wisconsin Illinois Minnesota Iowa Missouri wind power markets with services including sawing and plasma cutting.
Ground level feature on The Floor Trader prototype store in Hiawatha Iowa opened during a February 2006 snowstorm week. The Davenport based Georgia Carpet Outlet plans to convert its other stores to Floor Trader outlets. The store showcases flooring options from stone to exotic woods and uses independent contractors for installation.
Guidance for cohabiting partners on budgeting shared expenses and linking finances. Suggest opening joint accounts for bills, proportional contributions when incomes differ, and keeping personal funds after joint costs. Include mutual goals, debt handling, and regular money talks with professional help if needed.
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