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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 12, 2009
Page
7
The Dow climbs 44.29 points to 10,291.26 as a weaker dollar and factory gains lift sentiment. The S&P 500 adds 5.50 to 1,098.51, briefly surpassing 1,100, its highest since late 2008. The Nasdaq Composite rises 15.82 to 2,166.90, signaling broad gains.
Cedar Rapids jumped 29 spots to 57th among the 200 largest metros in Milken Institute rankings for economic vibrancy. Iowa City rose to 22nd from 25th in the 124 smaller metros. Top rankings favored Texas and Louisiana due to high oil prices, with Austin leading the Best Performing Cities Index.
Rockwell Collins secures a four year contract to supply ARC-210 multimode radios to the Navy. The deal could be worth about 450 million and extends a 20 year relationship with the Navy. More than 28,000 radios are deployed in over 40 countries.
Whirlybird Helicopters at 1801 S Riverside Dr Iowa City will hold an open house for its flight school facility this weekend. Instructional discovery rides will be available and instructors will answer questions. The company was founded in Ogden Utah and Iowa City becomes its first satellite flight school.
Oil prices rose on Wednesday with benchmark crude for December delivery up 23 cents to settle at $79.28 a barrel on the New York Mercantile Exchange as OPEC projected higher 2010 demand and China reported economic improvement.
Cedar Rapids businessman Steve Emerson of Aspect Architecture plans a major upgrade for the flood damaged Town Centre at 221 and 201 Third Ave SE. He intends to reconfigure space expand leasable area improve the parking garage and remove a damaged escalator system. He has leased spaces elsewhere downtown and says he aims to fill Town Centre with three major users already in talks.
New York shoppers face scarce popular toys as retailers avoid overordering amid lean inventories. Zhu Zhu Pets, Mindflex, Nerf N Strike and Barbie Fashionista are already hard to find, while stores push thriftier orders to prevent leftovers and disappointing customers.
The Cedar Rapids and Iowa City Area Chambers of Commerce announce two international business trips for next year. A Brazil trip leaving April 12 covers Rio de Janeiro and Sao Paulo, while a China trip leaving April 16 includes Beijing Suzhou and Shanghai.
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