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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 19, 2005
Page
24
Wall Street posted modest gains after Hewlett Packard Co earnings and two acquisitions helped lift major indexes to four year highs. Dow rose 46.11 to 10,766.33 while Nasdaq gained 6.61 to 2,227.07.
UPS announced 2006 rate increases of 3.9 percent for commercial ground service and 5.5 percent for air and international service. The Atlanta based company will adjust its air fuel surcharge calculation to reflect moderating fuel prices, with a cap at 12.5 percent. It will keep ground surcharge unchanged and start guaranteeing earlier delivery for certain air packages from January.
California regulators clear SBC Communications Inc. to acquire AT&T Corp for 16 billion dollars, final hurdle before the historic telecommunication merger closes. The California Public Utility Commission vote follows approvals by federal agencies and many states and nations. SBC plans to rename itself AT&T after closing.
Archer Daniels Midland said it will build a U S cocoa processing plant in the mid Atlantic region with operation expected in mid 2007. The location remains to be decided and ADM Cocoa operates plants in Milwaukee Mansfield Mass Glassboro N J Georgetown Mississauga Ont and Bahia Brazil.
Guaranty Bank seeks a southeast Cedar Rapids branch at Bever Avenue and Memorial Drive next year adding a second new site in Fairfax This rezoning plan faces neighborhood opposition and must obtain a conditional use permit or rezoning to office services The plan hinges on neighborhood reception and anticipated limited drive up traffic before council action in January.
Marian Arens & Associates marks twenty years in Cedar Rapids with a personal service emphasis. Since 1985, founder Marian Arens transformed a first office in the Commerce Exchange building into a homey agency at 2616 First Ave NE, moving and repurposing a nearby house for offices and rooms. The firm grew from three associates and a secretary to ten agents, retaining a welcoming, homelike atmosphere.
Iowa energy costs fall as oil dips to a four month low and gasoline, natural gas, propane, and heating oil all retreat. Prices remain higher than a year ago but show broad declines amid plentiful imports and cooler demand. Analysts warn risks persist from geopolitics and weather.
The piece warns identity theft remains a crime with 700000 U.S. victims yearly and outlines steps: notify fraud departments at Equifax Experian and TransUnion place fraud alerts close compromised accounts contact security departments in writing notify banks by certified mail file police and FTC complaints and call 1 877 438 4338. It also covers underemployment advice urging prudent credit use negotiate payment plans and seek better work while staying proactive in current roles.
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