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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 09, 2010
Page
14
Stocks rose in the final hour Tuesday helping the Dow gain 123.49 to 9,939.98, erasing two days of losses. The S P 500 advanced 11.53 to 1,062.00 while the Nasdaq slipped 3.33 to 2,170.57 as volatility persisted.
Iowa officials weigh incentives under the High Quality Jobs Program for John Deere Waterloo Foundry modernization. The due diligence committee approved a request that could provide up to 14.8 million in benefits to retain 295 jobs. Final action goes to the full Iowa Economic Development Board amid other items including a Microsoft data center package.
Deere plans a John Deere Waterloo Works tractor and engine museum on the original site late this year. The facility will showcase artifacts and interactive exhibits tracing the tractor business growth and honor employees and Cedar Valley, with a 2011 opening target and no cost details released.
Li Wen and Eric Minor open Li's Garden in Westdale Mall Cedar Rapids as a Chinese restaurant serving lunch buffet and dinner with delivery. They relocated from New Jersey to Cedar Rapids after flood impact and county offices moved nearby. The menu highlights sesame chicken bourbon chicken and crispy crabmeat rangoons. Delivery begins to expand customer base with hours 11 9 weekdays and 12 9 weekends.
U S job openings rose to 3.1 million at end of April from 2.8 million in March the highest since December 2008 and led by private employers. Census hiring inflated May payrolls while unemployment fell to 9.7 percent.
Vermeer of Iowa plans to open a new 5 000 square foot showroom and 10 400 square foot service facility in Tipton on a five acre site off Highway 38. The move, expected late winter, will expand space for sales and support as demand grows from rural broadband fiber programs. The Tipton operation aims to employ about a dozen staff, up from three, with regional leadership from Woody Fisher.
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