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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 04, 2009
Page
7
Berkshire Hathaway Inc. agreed to acquire Burlington Northern Santa Fe Corp. for 34 billion dollars. The deal would create the nation s second largest railroad and Berkshire already holds about 22 percent of Burlington Northern.
Grant Wood AEA celebrates reopening with a 3 p.m. ribbon cutting at its remodeled Cedar Rapids building at 4401 Sixth St. SW. The flood-damaged site previously flooded in June 2008. Mercy Medical Center Cedar Rapids hosts a 10 a.m. virtual open house to launch its new website mercycare.org with a cyber tour and a laptop prize. FSBO Homes Iowa opens a new office at Linn County State Bank, 1295 Blairs Ferry Rd., Marion.
Rockwell Collins reports a 26 percent drop in fourth quarter net income to $184 million or 84 cents per share, with full year earnings per share down 10 percent to $3.73. Government Systems up 17 percent but Commercial Systems down 30 percent. CEO Jones forecasts 2010 as a pivot point toward gradual improvement as airline demand slowly returns.
Prairie Lights Books launches Iowa City area first in-store wine bar to pair with readings and discussions. The Java House space on 15 S. Dubuque St. now offers 6 reds 6 whites plus craft beer with a revised cafe setup and a quiet social venue.
Cedar Rapids leaders heard a plan to raise the Corridor's profile to attract business. Michael Langley of the Langley Group urged branding, workforce, infrastructure, and inclusive growth, naming Hawkeye Corridor as a possible brand. Regional promotion and advocacy were highlighted at Kirkwood Community College with Gazette Communications backing.
Archer Daniels Midland, based in Decatur Illinois, reported a 53 percent drop in quarterly earnings as weak commodity and energy demand weighed on sales. Boarded by a 29 percent sales fall to 14.9 billion dollars, profits from corn processing rose due to lower costs while ethanol and agricultural services declined.
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