Stocks end down halting five day rally on Wall Street
Stocks retreated after five straight gains as investors waited for third quarter results. Dow fell 23.71 to 9630.90 while Nasdaq slipped 0.7 percent to 1893.78. Yahoo profits more than doubled to 65.3 million on 356.8 million revenue. Yum Brands signals slower KFC recovery until summer with new ads planned.
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Sunnyvale
Terry Semel
Yahoo
Yum Brands Inc
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Des Moines
David Novak
U.S
Gazette
News Service
Corridor faces knowledge worker shortage warns Cedar Rapids consultant
Cedar Rapids Iowa City Technology Corridor should prepare for a looming shortage of knowledge workers as Boomers retire. Rebecca Ryan of Next Generation Consulting says the economy shifts from manufacturing to brainpower, urging communities to market after hours life and connect workers to local life. Local leaders stress attracting engineers and software minds with lifestyle incentives while some dissenters foresee outsourcing and broader trends diminishing a local crunch.
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Gazette
Cedar Rapids
Iowa City
Next Generation Consulting
Rebecca Ryan
U.S
Ryan
Priority One
Collins Plaza
Tom Cilek
Hills Bank
Cilek
Richard Florida
Tom Hobson
Rockwell Collins
Hobson
Rick Dove
New Mexico
Paradigm Shift International
Global outsourcing boom eyed by Cedar Rapids firm
Big Pond Technologies offers global outsourcing consulting and services linking clients with offshore software development and call centers in India and the Philippines. Founders say outsourcing expands talent pools, boosts local economy, and plans include expansion and more Cedar Rapids jobs.
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the Gazette
Bangalore
Hyderabad
U.S
Cedar Rapids
Big Pond Technologies
India
Philippines
Big Pond
Alphonce O’bannon
Syam Chandra
Chandra
Sharon Linda Steele
Steele
O’bannon
Call Cen
Laura Segall
Big Pond Technology
Mark Lindo
Alphonce O'Bannon
New Business Development
Sharon Lindo Steele
All of
APAC
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Iowa Quality Beef expands with credit expansion in Tama
Central Iowa beef plant in Tama secures a 12 million Wells Fargo line of credit and a 1 million Iowa Farm Bureau investment to fund day to day operations. The cooperative owned plant opened last year after modernization, supported by 12.6 million in equity and loans from Liberty Bank and the Iowa Agricultural Finance Authority. The Farm Bureau investment aims to expand markets for Iowa cattle, with 20 000 Class C preferred shares and an 8 percent annual return once profitable.
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Iowa
Tama
Wells Fargo & Co
Iowa Farm Bureau Federation
Iowa Quality Beef
Joel Brinkmeyer
Iowa Cattlemen’s Association
Ames
Brinkmeyer
Iowa Quality Beef Supply Cooperative
Wells Fargo
Minneapolis
Liberty Bank
Cedar Rapids
Iowa Agricultural Finance Authority
Iowa Farm Bureau
Craig Lang
Brooklyn, Iowa
McDonald's to test special diet menus in New York area
McDonald's plans a Real Life Choices program starting January in New York region restaurants to appeal to customers on low fat, low calorie, or low carbohydrate diets. Nutritionist Pamela Smith collaborates on the effort as part of broader moves to boost sales with health minded offerings.
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Dow Jones/AP
McDonald’s Corp
Oak Brook, NL
New York
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