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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 29, 2011
Page
7
Markets rise across sectors after a weekend of strong holiday shopping and political talk on Europe debt. The Dow jumps 291 points to 11 523.01 while the S&P 500 gains 33 points and Nasdaq up 85 as Macy’s and Best Buy rally.
General Motors will provide free loaner vehicles to Chevrolet Volt buyers while working with federal regulators to prevent battery fires. The move comes amid an NHTSA probe after battery fires were reported in three crash tests, according to Associated Press and MarketWatch.
Enseva, a Waterloo data co location firm, broke ground Monday on a 17 000 square foot multi tenant data center at 755 Metzger Dr in Hiawatha. The facility tied to Iowa Health System and Professional Office Services aims to open in fall 2012 with 10 staff and potential expansion with two more 12 000 square foot modules. Cardinal Construction leads the build with financing from Grundy National Bank.
Keith Wandell leads Harley Davidson in adopting a simpler lean plan that allows scaling payroll with demand and enabling on site bike customization at the factory. The move centers on flexible staffing and a streamlined production approach to tailor builds for customers.
Harley-Davidson CEO Keith Wandell, hired from Johnson Controls in 2009, cut costs and shed weaker brands to sharpen the premium image. Under his leadership Harley renewed dealer focus, posted a 13 percent rise in global product revenue to 1.23 billion in Q3, and saw stock more than double since his appointment. Wandell’s total compensation in 2010 reached 6.42 million.
Small Business Saturday gave independent Marion and nearby shops a lift despite cold wet weather. Gie Sharp-Richardson opened Happenstance on 7th and reported higher sales at Chocolate Shop, with other downtown retailers noting strong foot traffic and a boost in spruce arrangements. Catherine Champion at Catherine's Boutique in Iowa City saw about a 50 percent rise, while Culvers Garden Center in Marion enjoyed steady turnout. Some venues, like Iowa City’s Iowa Artisans Gallery, felt the weather dampen results. Local shops aim to revive shopper goodwill toward local, personalized service and community ties.
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