Wall Street rises as Google Facebook GM drive gains
Stocks edged higher with the Dow up 75.68 points to 12760.36 the S P 500 up 10.87 to 1357.16 and the Nasdaq 28.64 higher at 2871.89 Google announced Music Beta a cloud based music service inviting testing and free access initially Facebook says 7.5 million users under 13 raise policy compliance concerns GM plans to add or retain about 400 Toledo jobs as part of a 4 000 US positions hopes for industry recovery.
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Dan Akerson
Microsoft to Buy Skype for 8.5 Billion Dollars
Microsoft to acquire Skype Technologies SA for 8.5 billion in its largest-ever deal. Skype will become a Microsoft division led by Tony Bates and integrate with Xbox Live and Outlook while connecting to devices like Kinect. The investment, led by Silver Lake, aims to expand real time communications amid regulatory review and market competition.
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Tiffany Hsu
Angeles Times
Los Angeles
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Skype Technologies SA
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Tony Bates
Ben Horowitz
Menlo Park
Calif
Local food drives Braise Co. to grow in Cedar Rapids
Shawn Price founded Braise Co. in January 2010 to fuse cooking with a focus on local ingredients. The Cedar Rapids catering company has expanded from a small Mount Vernon Road space to Benz Beverage Depot in downtown Cedar Rapids and plans for a non kitchen area this fall. Price manages two full time and two part time workers with frequent temporary staff for prep and service as weddings and corporate events surge. Local farmers supply ingredients as Price emphasizes ethical practices and healthier food.
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Braise Co
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Alliant Energy outlines plans at annual meeting
Alliant Energy executives told about 100 shareholders that no nuclear development is planned while outlining an $800 million upgrade of five large coal plants to cut emissions and boost efficiency. The Cedar Rapids based company reported stock gains, higher earnings, and a raised dividend amid rate increases in Iowa and Wisconsin. President Patricia Kampling noted growth in natural gas and wind as expansion options, and CRANDIC railroad was highlighted for expected 100000 rail cars moved this year.
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Dave DeWitte
Ne Gazette
Alliant Energy
Interstate Power & Light
Crandic Railroad
Cedar Rapids
Iowa
Wisconsin
William Harvey
Kirkwood Center
Harvey
Alliant
Patricia Kampling
Kampling
Prairie Creek
Crandic
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