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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 22, 2011
Page
10
New York stocks rose as McDonald s and other major companies posted solid third quarter results. The Dow climbed 267 points to 11809, the S&P 500 advanced 23 to 1238, and the Nasdaq rose 39 to 2638 as markets eye a weekend eurozone debt solution.
Radiology Protocols of Iowa City will be among three winners at the John Pappajohn Iowa Business Plan Competition special awards luncheon in Des Moines on November 16. First prize earns 25000, second 15000, and third 10000.
Harrisburg officials cancel the November 19 parade as organizers cannot raise the roughly 25 000 needed. City Council had filed a rare bankruptcy petition a week earlier as the capital grapples with finances.
Groupon Inc. filed an amended prospectus seeking to raise between 480 million and 540 million in its initial public offering. The Chicago company plans to sell 30 million shares of Class A common stock and expects an offering price between 16 and 18 dollars per share.
FICO and CoreLogic join to create a mortgage score using payday loans evictions and child support data. Future utility rent and cellphone payments may be included. Experian Equifax and TransUnion already estimate income and rental payment history. Experts see both opportunity and risk for borrowers in a more transparent risk picture.
Lt. Gov. Kim Reynolds signed a draft memorandum of understanding with Harbin officials as Iowa seeks ongoing commerce ties. Debi Durham says the plan mirrors a sister city concept with annual visits and potential direct investment, expanding beyond a one time trade mission.
Shenandoah based Brown's Shoe Fit will open its Cedar Rapids store in mid November at Collins Road Square Shopping Center. The 100 year old chain operates 79 stores in the Midwest and West, with store managers owning partial shares and stocking per market demand. Rhonda Swanson will oversee the new Cedar Rapids location.
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