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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 22, 2005
Page
18
Stocks ended a dull session with a mixed tone as investors weighed near record oil prices and a possible Social Security reform package without private accounts. Crude futures slipped to about 58.90 a barrel while the Dow fell to 10,599.67 and the Nasdaq rose to 2,091.07.
The National Animal Disease Center in Ames will see added support in the Agriculture spending bill with 58.8 million dollars allotted. Past fiscal years show funding of 9 million in 2001, 115 million in 2002, 143 million in 2003, and 121 million in 2005, underscoring its role in animal health testing and bio threat anticipation.
Krispy Kreme Doughnuts Inc. dismissed six company executives on Tuesday. Five resigned and one retired, with a special committee recommending their discharge. The Winston-Salem firm gave a terse statement and an spokeswoman declined further comment.
A Cedar Rapids Downtown District committee explores turning the former Osco Drug building at 207 Second Ave SE into a multi tenant retail incubator. The plan aims to host independent shops including a possible convenience store with LTFS ownership backing and Four Oaks links.
Rockwell Collins celebrates the production of the 50 000th SAASM security module at its Coralville plant. The U S Air Force notes SAASM's role in securing GPS signals for troops in Iraq and Afghanistan, with output rising to as high as 200 000 annually by 2006.
Collins introduces the Dead Reckoning Augmented GPS Navigation System at the WBR Soldier Technology Conference in Brussels. The system blends Collins GPS with Vectronix AG sensors to track movement after GPS loss, boosting urban navigation for dismounted soldiers.
Maytag shares rose 83 cents to 16.06 on the NYSE after Bain Capital Blackstone Haier America made a non binding preliminary bid of 16 per share. Maytag would review the offer for six to eight weeks while supporting the Ripplewood deal.
PMMIC in Waukee requires retailers selling E-85 to prove compatibility within 30 days or face a 60 day window to upgrade or switch coverage. Upgrades cost 4000 to 25000 dollars. Senators Obama and Grassley seek tax credits up to 30000 dollars to spur biodiesel and E-85 pump installations.
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