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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 13, 2008
Page
9
Wall Street rose Monday with oil prices dipping, easing inflation concerns. Craig Peckham of Jefferies & Co noted markets respond positively to any easing in energy costs. Dow up 130.43 to 12,876.31. S&P 500 up 15.30 to 1,403.58. Nasdaq up 42.97 to 2,488.49.
The Treasury Department sold 24 billion dollars of three month bills at a discount rate of 1.800 percent and 23 billion dollars of six month bills at 1.850 percent. These rates mark the highest levels since February as bills continue to trade below face value with prices shown for each maturity.
Kalona Wellman Everly Rolfe Terris and other Iowa communities seek state regulators approval to take over Alliant Energy electric systems. IUB set 9 30 a m decision time to rule on petitions and potential payments. Alliant opposes. spokesman notes possible appeals by either side. Oil prices peaked above 126 a barrel then settled. gas averaged 3 72 a gallon as crude rose before retreating.
A selective survey of gas prices across the Corridor as of yesterday afternoon shows average listings rounded to the nearest cent. Prices vary by station, with several major brands posting similar per gallon rates and minimal regional differences observed.
A government study by DOE labs and industry foresees wind energy reaching 20 percent of U S electricity by 2030, equaling nuclear output. Growth would need 300 000 MW capacity, 75 000 new turbines, offshore expansion, grid upgrades, and market growth while reducing carbon emissions by 825 million metric tons annually.
Janet Borholm reports how SendOutCards in Salt Lake City lets customers select a card write a message and have it printed and mailed for a small fee. Cedar Rapids entrepreneur Shannon Struik became a distributor and many marketers endorse the service as a time saving tool for client follow up and relationship building.
Titan Machinery L.C. of Fargo has acquired Des Moines area Mid-Land Equipment Co., adding six locations including Cedar Rapids and Davenport. The deal is expected to close around May 30. Mid-Land operates a Case Construction Equipment store in Cedar Rapids and facilities in Davenport, Des Moines, Clear Lake, Omaha, and Lincoln.
In a reflective look at Mother's Day, a writer recalls his financially savvy mother who advised saving and caution with money. Stories from Glinda Bridg forth and Gail Perry-Mason illustrate practical lessons on paying bills, avoiding debt, and sharing wealth with family.
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