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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 23, 2009
Page
18
The Dow fell 14.81 to 8277.32, the S P 500 dropped 1.33 to 887.00, and the Nasdaq slipped 3.24 to 1692.01 as upbeat retailer earnings faded. For the week, the Dow gained 0.10 percent, the S P 500 rose 0.47 percent, and the Nasdaq gained 0.71 percent.
Federal regulators approve a revised FDIC fee framework shifting more costs to larger banks. The plan cuts total special fees by about two thirds and aims to raise 5.6 billion dollars to replenish the deposit insurance fund after several bank failures.
United Airlines plans to recall 107 furloughed line mechanics to speed repairs, reduce out of service aircraft, and boost fleet reliability. The Chicago based carrier says recalls start immediately across all hubs. United parent UAL Corp. shares fell 2 cents to $4.87.
Gasoline prices climbed Friday as the Memorial Day weekend and summer driving season approach. The national average reached $2.391 per gallon, up nearly 3 cents, while crude benchmarks rose to $61.67 a barrel in light pre holiday trading.
Sen Tom Harkin expresses optimism on finding a compromise to pass card check unionization legislation. He seeks 60 votes to avert a Republican filibuster while noting the need for a less conflict driven process and highlighting past back pay cases for illegal firings during organizing.
Mercy Medical Center in Cedar Rapids formally opens its remodeled neonatal intensive care unit after an open house. The NICU expansion cost about 200000 and adds three rooms over 400 square feet each with private bathrooms whirlpool tubs built in scales and space for parents to stay overnight. A central monitoring system replaces the old open bay that housed nine babies noted Dr. Roger Allen.
Mercy Medical Center in Cedar Rapids will celebrate the Neonatal Intensive Care Unit renovation with a 4 to 6 p.m. ribbon cutting and open house on Tuesday. Attendees trigger donations for complimentary infant CPR kits, while NICU services emphasize family presence and collaborative care with Dr. Nicholas Sherr0w and Allen overseeing neonatal coverage.
Iowa's seasonally adjusted unemployment rate fell to 5.1 percent in April from 5.2 percent in March as the pace of job losses slowed. The total employed rose to 1,590,000 while unemployed dropped to 85,400. non farm payrolls edged down 1,600 to 1,491,800, the lowest since December 2005, with gains in trade and transport and government.
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