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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 16, 2012
Page
6
New York stock indexes rose with the S&P 500 closing above 1400 for the first time since June 2008. The Dow gained 58.66 points to 13,252.76 and the Nasdaq rose to 3,056.37 as markets recover from the Great Recession.
Iowa’s Leading Indicators Index rose 0.1 percent in January to 104.6, as four metrics improved while four fell, including diesel use and soy bean prices, signaling modest growth ahead. Casey's General Stores to open first Kentucky site in Cadiz this month, with more Kentucky stores planned plus land deals in Tennessee. PayPal launches PayPal Here mobile reader for iPhone. Android version coming later. iPad support not included.
United Technologies plans to divest Clipper Windpower less than two years after acquiring it as part of a broader strategy to focus on core assets. Clipper employs about 600 people with facilities in Cedar Rapids Carpinteria and Denver. The move comes amid tight credit, policy uncertainty and weaker turbine demand, with UVT seeking about 3 billion for major acquisitions while pursuing sales of other units.
Iowa farmland values rose across all nine districts with good quality land up 10.8 percent to an average of 9370 per acre in six months and 23.7 percent from March 2011 to March 2012. Buyers, cash-only deals, and investor interest drive the rise while lenders remain cautious with 35 percent down payments.
A conciliation agreement with NCS Pearson Inc Iowa City requires 100000 in back wages and interest and offers associate software developer positions and retroactive seniority for at least four applicants. The firm will revise hiring policies to prevent future discrimination against Asian applicants.
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