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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 29, 2020
Page
17
Iowa reports 14,586 initial unemployment claims for May 17 to May 23, the first weekly gain since late April. Continuing claims total 180,679 with $48.8 million in state benefits and $104.4 million in federal benefits issued to Iowans. Manufacturing leads in claims at 3,835, followed by self-employed 2,382 and health care 1,399.
J C Penney says its 846 stores will be largely back by Wednesday with 500 open after adding 150 locations to reach 304 in 27 states. The Plano based chain, in bankruptcy, cites curbside pickup at Cedar Rapids Westdale Town Center and safety measures including masks, gloves, plexiglass shields, staggered shifts, and contactless checkout.
Iowa utilities prepare to restart disconnections in July with Alliant Energy issuing 12 day notices from July 1 and potential disconnections by July 13 while MidAmerican plans not before July 24. Exemptions include nursing homes hospitals and quarantining residents. LIHEAP and energy funds aid delinquent customers.
American Express moves hundreds of sales staff to credit and collections and plans new loan loss reserves this quarter as the pandemic depresses card spending. CEO Steve Squeri says the shift treats credit work like selling, aimed at understanding borrowers’ issues and offering solutions.
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