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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 29, 2005
Page
16
The Dow gains 42.78 points to 10,485.65 and the Nasdaq rises 1.46 points to 1,992.52 as investors brighten on improving economy prospects. Decliners outpace advancers about 4 to 3 on the NYSE with 1.72 billion shares traded.
Peterson Contractors Inc of Reinbeck submitted the apparent low bid of 279 914 for a project at The Eastern Iowa Airport to close storm water detention basins. The engineer's estimate was 519 544 and bids were reviewed by Cedar Rapids Airport Commission staff for final award set for April 25. Farmers market information requested for publication by April 15.
The Treasury auctioned 19 billion in three month bills at a 2.78 percent discount, down from 2.8 percent, and 17 billion in six month bills at 3.09 percent, up from 3.035 percent. The effective yields were 2.839 percent and 3.183 percent, respectively, while the Fed reported one year bill yields at 3.38 percent up from 3.31 percent.
A Cedar Rapids Coralville and Iowa City project named Corridor Free Wireless Network or cFree will offer free wireless Internet this summer after securing funding from Iowa.com. Iowa.com is an emerging Iowa Internet search engine run by Gazette Communications Inc. The effort aims to provide public access in downtown areas.
The Free Wireless Network project emerges from a merger of Cedar Rapids Downtown District, James Gang community group in Iowa City, and New Bohemia arts district in Cedar Rapids. Jamie Licko says the Corridor collaboration strengthens the program and aligns efforts across the region.
The James Gang plans a public free Wi Fi network from Eighth to 14th Avenues along Third Street to boost quality of life and public spaces. Sponsors and costs include 60 000 for infrastructure and 400 monthly for security funded by ads with support from Coralville Linn County and New Bohemia.
The 12th annual Cedar Rapids Area Chamber of Commerce Business Expo runs Thursday from 9 am to 7 pm at the U S Cellular Center downtown. Admission is free and 33 exhibitors debut new products or services, with six long-time participants and sponsors from St Luke's Hospital and other firms.
Qwest presses MCI to decide within a week on a potential merger with Verizon or accept Qwest's higher bid. The offer includes extra financing totaling 5.75 billion in backing and an April 5, 2005 deadline, with MCI weighing options under its Verizon agreement.
Burger King launches the Enormous Omelet Sandwich at 730 calories and 47 grams of fat, and the Western Omelet Croissanwich at 320 calories and 17 grams of fat. The Whopper remains 700 calories and 42 grams of fat. Russ Klein notes customers want bigger, more indulgent options while healthier choices are also available.
The Cedar Rapids Airport Commission will use a $20,000 state grant to fund a study of current and future commercial air service at The Eastern Iowa Airport. Consultants may cost up to $30,000. the balance is covered by the Airport Commission.
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