Iowa approves incentives for Van Meter Cedar Rapids expansion
The Iowa Economic Development Authority Board awards Van Meter Inc. a 126000 sales tax refund toward a 4.7 million expansion of its Cedar Rapids warehouse and distribution center. The project requires 21 new jobs with wages at least 24.91 per hour, plus a 355707 tax exemption from Cedar Rapids.
MENTIONED IN THIS ARTICLE
van Meter Inc
Cedar Rapids
Iowa Economic Development Authority Board
van Meter
32Nd Ave
Authority Board
Donaldson Co
Cresco
Iowa
Coca-Cola
Atlantic Bottling Co
Rock Island
Walcott
Scott’s
Miracle-Gro Co
Fort Madison
Deere to raise prices amid freight and materials costs
Deere & Co. plans price hikes as freight costs and steel and aluminum prices rise. Chief Executive Sam Allen noted ongoing supply-chain bottlenecks and structural cost reduction as demand for tractors and construction machinery strengthens. The firm trimmed its 2018 forecast to 14 percent revenue growth from 15 percent.
MENTIONED IN THIS ARTICLE
Deere
Bloomberg Intelligence
Karen Aberhart
Sam Allen
Allen
Aberhart
Campbell Soup swears in interim CEO as strategy review begins
Campbell Soup shares fell as much as 12 percent after CEO Denise Morrison retired effective immediately after seven years. The company announced a strategic review and will appoint Keith McLoughlin as interim leader while seeking a new chief. A fresh foods writedown hurt margins and highlighted ongoing C Fresh unit troubles.
MENTIONED IN THIS ARTICLE
Campbell Soup
Denise Morrison
Morrison
U.S
Kellogg
Mondelez International
Campbell
The
Brittany Weissman
Edward Jones
Keith McLoughlin
Electrolux
Camden
Walmart expands online focus as sales grow in first quarter
Walmart reports a 33 percent rise in online sales in its first quarter as it broadens Walmart.com with premium items and upscale partnerships. Despite growth online, analysts note Walmart still serves mainly lower and middle income shoppers, with most sales from 4700 U.S. stores.
MENTIONED IN THIS ARTICLE
Amazon.com
Walmart
Neil Saunders
Global Data Retail
Walmart.com
Lord and Taylor
Halston
Lucky Brand
Effy
Amazon
comScore
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Omic Development
State Board
Cresco Company
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North Liberty
Thegazette
John Deere
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Tony
Bloomberg News
H Halston
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