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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 07, 2009
Page
6
Investors piled into stocks for a second day as hopes for rising profits and a recovering economy boosted markets. The Dow gained 181.50 to 9,731.25, the S&P 500 added 14.26 to 1,054.72, and the Nasdaq rose 85.42 to 2,103.57.
Rockwell Collins will relocate about 15 Cedar Rapids Army Aviation Platform Systems engineers to its Huntsville Alabama facility to perform more military aviation engineering work closer to Army customers. The move excludes CH 47 Blackhawk and Special Operations platforms and is not expected to change Cedar Rapids engineering headcount.
Delphi Holdings LLP, based in Troy Michigan, says it has acquired most core businesses of the former Delphi Auto supplier as part of a plan to restructure and exit bankruptcy protection. The move follows nearly four years of court oversight since the Chapter 11 filing.
Thermo Fisher Scientific will shut its manufacturing facility in Dubuque affecting 350 employees. The layoffs will be phased from January to September with the plant closing by the end of next September as functions move to other plants.
St Luke's Work Well Solutions provides flu pandemic kits to train staff. Each kit includes posters and a PowerPoint on flu types spread and precautions. Price is $50. Orders can be placed by calling Work Well at (319) 369-8153.
The Gazette reports $75 million in federal disaster relief will fund four new programs for commercial building owners residential landlords and small businesses in flood areas. JumpStart officials say the measures include rent support up to six months and 50 000 for reopening replacing damaged equipment loan reimbursements up to three years and landlord income gap assistance up to 15 000 per business with IRS Schedule C and E filings. Rules are not finalized yet but funding may flow faster once approved. Contact: David DeWitte.
Brosh Chapel and Community Center markets itself as a venue for both weddings and funerals next to a Solon cemetery. Co owner Christine Brosh notes events are common and funerals take priority while weddings occur in separate spaces. The center plans a Cedar Rapids expansion as demand grows with many weekends already booked.
Interstate Power and Light proposes a 14.2 percent overall rate rise, about 16 percent for residential customers, or roughly $12.50 more monthly. The hearing questioned the 2007 transmission lines sale to ITC Midwest and its impact on customer costs, with some costs held harmless and others tied to expanded transmission work.
A 3.5 million project in North Liberty plans a 24-lane bowling complex named Big Time Bowl behind MercyCare North Liberty at Lininger Lane and Penn Court. Led by Dave Metzler and Kevin Roth, the 27,200-square-foot facility will feature eight boutique lanes, a sports bar, game room, and two party rooms. Construction could start this fall with completion expected by mid 2027, creating about 20 jobs and integrating school bowling programs per BOA guidance.
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