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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

Jun 17, 2008

Page

20

Wall Street Mixed After Lehmans Hope Fades Early Week

Wall Street opened with a mixed finish as oil volatility and Lehman Brothers results shaped sentiment. The Dow fell 38.27 to 12,269.08, the S&P 500 gained 0.11 to 1,360.14, and the Nasdaq rose 20.28 to 2,474.78.

Wall Street Lehman Brothers Standard & Poor

Treasury Bill Auction Yields Rise on Short-Term Debt

The Treasury sold 23 billion in three month bills at a discount rate of 2.050 percent up from 1.850 percent and 24 billion in six month bills at 2.350 percent up from 2.050 percent. Three month bills sold for 9,948.18 on a 10,000 face value while six month bills brought 9,881.19.

Treasury Treasury Department

IRS Grants Tax Relief After Floods in Midwest States

Flood and storm victims in Iowa Indiana and Wisconsin gain extra time to file quarterly estimated tax payments. IRS Commissioner Doug Shulman notes taxes should be the last concern for victims. Earlier relief extended deadlines in several states with dates varying by location. Details available on the IRS Disaster Relief page at irs.gov.

Iowa Indiana Wisconsin Internal Revenue Service IRS Doug Shulman Arkansas Colorado Georgia Maine Mississippi Missouri Oklahoma Irs.gov

Health care costs to rise nearly 10 percent in 2008

A PricewaterhouseCoopers study finds health care costs boosting 9.9 percent in 2008 and 9.6 percent in 2009. Key drivers include a hospital construction boom and higher charges for the uninsured. Medicare and Medicaid are projected to account for about 20 percent of private insurer spending in 2009.

PricewaterhouseCoopers

Gas Prices Survey Corridorwide as of Yesterday Afternoon

A selective survey shows gas prices across the Corridor rounded to the nearest cent. Prices vary by station and may reflect temporary fluctuations from yesterday afternoon readings.

First steps toward flood recovery for Cedar Rapids businesses

Owners of flood damaged businesses met off site with staff, arranged temporary locations, and coordinated with insurance adjusters and disaster recovery firms. Some reported 2 to 6 feet of water, damaged electrical panels, and ongoing relocation as crews from Texas assisted cleanup and restoration efforts.

Jim Slosiarek the Gazette Richard Hanson Stamats Publishing Co Cedar Rapids Dave DeWitte Gazette Randy Ramlo United Fire & Casualty Cedar Rapids Marriott Ramlo Second Street Blue Strawberry Coffee House Little King Deli United Fire Galveston Texas Rich Hanson Stamats Communications Inc Fifth St Stamats Cedar Graphics Hiawatha Theatre Cedar Freese Gulf Coast Gus Gerken Menard’s Larry Paulsen

Grim hit on Coralville and Iowa City businesses due to flooding

Flooding threatens numerous Coralville and Iowa City businesses with long recovery. Zephyr Printing & Design lost multiple printers after closing two stores. owner Pajunen faced no city updates and plans to reopen Coralville shop after evacuation. Chamber official notes widespread damage and lingering uncertainties for owners.

Jennifer Hemmingsen Gazette Iowa City Coralville Rebecca Neades Steve Pajunen Zephyr Printing & Design Pajunen Second St Pajmen Neades

Lumber and home centers boost inventories for flood recovery

Corridor area lumber yards and home improvement stores say they are increasing inventories to meet demand as residents move into cleanup and rebuilding after heavy floods. Stores report ample supplies, with trailers delivering pumps, dehumidifiers, cleaning gear, and electrical parts while warnings to hire reputable contractors accompany the surge in remodeling activity.

Janet Borholm Gazette Corridor Randy Rothmeyer Gilcrest/ Jewett Lumber Co Marion Home Depot Lowe’s Mike Heiser Cedar Rapids Mike Freese Coralville Ogden & Adams Lumber Paulsen Cedar Rapids Lumber Second St Ogden & Adams Nesses Rothmeyer

Also Mentioned on This Page

First Ave 15Th St Williams Boulevard Casey's Dubuque & Market Street First Avenue Smulekoff First Street Cedar River Jennifer.hemmingsen Gazcomm.com Janet.rorholm
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