Stocks Tumble as Inflation Fears Hit Market
The Dow fell 119.74 to 11 380.99 and the Nasdaq dropped 28.92 to 2 243.78 amid a second day of losses driven by higher import prices and weak consumer confidence. United Fire & Casualty reported a 3.5 million share offering at 28 dollars, raising about 92.97 million with underwriters holding an overallotment option.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
United Fire & Casualty Co
Cedar Rapids
United Fire
A.G. Edwards & Sons Inc
Ethanol Plant Planned Near Grinnell Iowa
US BioEnergy Corp and Big River Resources LLC sign a letter of intent to build a 100 million gallon per year dry grind ethanol plant near Grinnell in Poweshiek County. Construction awaits zoning permits and tax incentives.
MENTIONED IN THIS ARTICLE
Poweshiek County
US BioEnergy Corp
Brookings, S.C
Big River Resources LLC
West Burlington
Grinnell
U S extends Microsoft antitrust oversight to 2009
The Justice Department seeks a two year extension of its oversight of Microsoft Corp under the 2002 antitrust settlement. The extension would run to at least November 2009 and involves scrutiny by the department and 17 states pending a judge’s approval. Microsoft has faced requirements to disclose to rivals sensitive software details.
MENTIONED IN THIS ARTICLE
Microsoft Corp
Justice Department
Microsoft
Department
U.S
Gazette, News Services
Iowa Corridor employers shift health cost in benefits survey
The Iowa Workforce Development survey of 600 Cedar Rapids Iowa City Corridor employers shows most offer benefits, 85.3 percent include health coverage, and 88 percent require workers to share costs. On average employers pay 70.8 percent of premiums, with a 12.6 percent rise in employee cost for one-fifth of plans.
MENTIONED IN THIS ARTICLE
the Gazette
of Iowa
Iowa Workforce Development
Cedar Rapids
Iowa City
Heidi Wicks
Iowa
Iowa City Area Development
Joe Rose
Midwest Metals gains 10 Navy best practices from 18 submitted
Cedar Rapids metal firm participates in the Navy Best Manufacturing Practices program and adopts ten of its own submissions. The April assessment highlighted wellness, open book management, operator training, safety, labor rate quoting, and cross references to other firms.
MENTIONED IN THIS ARTICLE
Mark Tade
the Gazette
Red Knight
Midwest Metals
Cedar Rapids
U.S. Navy
Dave DeWitte
Gazette
Edar Rapids
Navy
Joe Chiaramonte
Tom Endriss
Rockwell Collins
Larry Halbig
Chiaramonte
Caterpillar Inc
Book summary services offer compact business reads
Several services provide concise business book overviews for a yearly fee. Soundview delivers two to three titles monthly with text or MP3 options from authors, totaling about 50,000 subscribers. Other options include Business Book Review, Capitol Reader, and memory chips with audio summaries, varying in price.
MENTIONED IN THIS ARTICLE
Soundview
Soundview.com
Malcolm Gladwell
Thomas Friedman
Lexus
Olive Tree
Stan Kornaga
Kornaga
Business Book Review
Businessbookreview.com
Capitol Reader
Capitolreader
Michael Savage
Bill Clinton
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J.C. BP
Coralville
Hillsbank.com
FDIC
Oan
Dave DeWitt
Raso
Ployer
David. Dewitte
Gazettecommunications.com
C.R. Firm
MarketWatch
50 Hills Bank
Free Hills Bank
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