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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 17, 2008

Page

14

Markets Shutter Roller Rise After 816-Point Dow Swing

Jittery investors sent stocks on a roller coaster ride with the Dow finishing up 401.35 points at 8979.26. The rally came amid bargain hunting and recession fears after industrial production posted its largest monthly drop in 24 years. S&P 500 rose 38.59 to 946.43 and Nasdaq climbed 89.38 to 1717.71.

Dow Standard & Poor

Airlines Post Losses Amid Recession Worries

Southwest Airlines reports its first quarterly loss in 17 years while Continental also loses money due to high summer fuel costs. Executives warn of a looming recession, even as fuel prices fall and airline stocks rise on Wall Street optimism.

Southwest Airlines Co Continental Southwest Wall Street

Finance Signals Lingering Stress as Paper Market Shrinks

The Federal Reserve reported a fifth straight weekly drop in commercial paper to 1.51 trillion dollars, down from 2.2 trillion at the 2007 peak, with three month T bills yielding 0.47 percent as credit markets stay tight. UI HealthWorks to hold a ribbon cutting for its new North Liberty facility at 3 Lions Drive with open house from 5 to 7 p.m. on Wednesday. The 2,800 square foot center offers radiology, prescriptions, case management, and therapy services in partnership with employers to boost worker health and reduce costs.

Federal Reserve UI HealthWorks North Liberty 3 Lions Drive

Gas Prices Survey in the Corridor

A selective survey lists gas prices as of yesterday afternoon with figures rounded to the nearest cent. Prices vary across stations in the Corridor, reflecting local competition and market conditions.

Flood relief program aims to save Iowa jobs and ease wages

Iowa Economic Development Board approved up to 5 million in forgivable loans to disaster damaged firms that rehire at least 90 percent of workers and pay the same wages, waiving the normal 130 percent county average rule. Cedar Rapids gains an enterprise zone as Norwood Souvenir to Red Wing shifts 200 jobs out of state.

Rod Boshart Gazette Des Moines Iowa State Economic Development Board Mike Tramontina State Department of Economic Development Tramontina Tom Courtney Burlington Toby Shine Spencer Cedar Rapids Norwood Red Wing Minn Linn County Johnson County Minnesota Rod

Flooded millwork firm pivots to recovery and niche supply

Spur Millwork president Billy Bloomhall surveyed 5 feet of floodwater at 225 K Ave NW as Cedar River neared 31.3 feet. He moved operations to Kwik-Way Products in Marion at 530 57th St to rebuild, salvage key knives, and gear toward cast molding panels and doors.

George C. Ford Gazette Cedar River Billy Bloomhall Bloomhall Spur Millwork K Ave Jen Hughes Kwik-Way Products Marion 57Th St K Aven Spur Amanda LaRue Larkin the Gazette Dale Albaugh Cedar Rapids Time Check Gerrod Martin

Ar-Jay Center expands with Iowa City acquisition

Cedar Rapids based Ar-Jay Center buys Kitchen and Bath Distributing of Iowa City at Sturgis Corner Drive effective Oct 1. Barbara Messer remains general manager as Ar-Jay plans to add lighting showroom and support services while expanding to Dubuque Waterloo and Quad Cities.

Dave DeWitte Gazette Cedar Rapids Kitchen and Bath Distributing Iowa City Ar-Jay Center Sturgis Corner Array Center Vice Presi Palmer Messer Ar-Jay Ing Dubuque Waterloo Quad Cities Ralph Palmer Array Center

Labels and money talk shape kids views on class

The piece warns that political labels like middle class blue collar and hockey moms blur meaning for children. Experts urge parents to discuss wealth as a mindset and teach sound financial habits while noting lessons on work and conservative spending can benefit anyone.

Fter Mom Leslie Linfield Institute For Financial Literacy Portland Maine Patricia Palmer Center For Economic Education University of Missouri-Kansas City Palmer

Also Mentioned on This Page

First Ave 15Th St Williams Boulevard Dubuque & Market Streets First Avenue Coralville Ine Spurmillwork.com I.C David.dewitte Gazcomm.com Steve Rosen Kansas City Star
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