Wall Street climbs on upbeat economic news
U.S. stocks surged on Wednesday with the Dow up 148.65 points to 10,896.91, the S P 500 advancing 15.88 to 1,171.67, and the Nasdaq rising 49.71 to 2,425.02. The gains erase last week’s drop and mark multi-day highs.
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New York
Dow
Standard & Poor
Starbucks Revamps Seattle's Best Brand Nationwide
Starbucks plans a rebrand for Seattle's Best with a new logo and rapid expansion. Availability will rise from 3,000 to 30,000 locations including 300 AMC Theaters from July and all Burger King outlets by September. The move comes as cheaper rivals pressure margins and follows cost cutting after an eightfold second quarter profit rise.
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Seattle
Starbucks Corp
Starbucks
AMC Theaters
AMC
Best
Burger King
Starpacks
McDonald’s Inc
Grassley Announces TAA Benefits for Cooper Tire Workers
Senator Grassley said Cedar Rapids workers at Cooper Tire & Rubber are eligible for Trade Adjustment Assistance. Applicants should visit the Iowa Workforce Development Center at 800 Seventh St SE Cedar Rapids for benefits and retraining opportunities. Foreclosure data show a 2 percent April drop in households facing foreclosure year over year, though new delinquencies decline while losses rise.
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Washington
Chuck Grassley
Cooper Tire & Rubber Company
Cedar Rapids
Grassley
Iowa
RealtyTrac Inc
New Marion industrial park projects receive funding and start plans
The Marion area advances two industrial parks with a $3.2 million Delong Construction contract for the Marion Enterprise Center west of Marion Airport. Marion Industrial Center East will use Nancy Riley’s 100 acres and tax increment financing to fund utilities and roads. George Lake of the Marion Economic Development Co. touts new shovel ready sites to meet demand.
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Dave DeWitte
Gazette Ark
Marion
Delong Construction of
Washington
Marion Enterprise Center
Marion Economic Development Co
City of
Marion Industrial Center
Nancy Riley
Marion Economic de
Velopment Co
George Lake
Prince Agri Products
Marion Iron
Lake
Iowa Hmong Farmers Seek Permit to Grow Water Spinach
Jay Lee and about a dozen Hmong farmers in central Iowa seek permission to grow water spinach, a noxious weed under federal rules. They argue cultural importance and local demand while state officials weigh environmental risk and require peer reviewed studies before any variance.
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ES Moines
Jay Lee
Iowa
United States
U.S. Department of Agriculture
USDA
Nebraska
Des Moines
Lee
Bill Northey
Iowa Department of Natural Resources
Northey
DNR
Richard Leopold
Leopold
Dona Lor
Lor
Ankeny
Pella
Florida
Texas
Philippines
Resources Department
California
Delaware
North Carolina
Massachusetts
Mai Yang Yang
Cedar Rapids restaurant closes to make way for CVS store
The Bonanza Family Restaurant at 3505 16th Ave. SW Cedar Rapids closed after CVS Caremark bought the site. CVS plans a drugstore next year. Happy Joe's Pizza & Ice Cream Parlor at 3419 16th Ave. SW will stay open on a lease through April 30, 2011 while searching for a new location. CVS also bought the Happy Joe's building. Walgreens and Hy Vee Drug Store are expanding nearby with new locations.
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Cedar Rapids
CVS
George Ford
the Gazette
16Th Ave
Mike DeAngelis
CVS Caremark
16Th Avenue
Edgewood Road
DeAngelis
Woonsocket, R.L
Happy Joe’s
Johnson Ave
Walgreen Co
C Avenue
Blairs Ferry Road
Boyson Rd
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