AEGON Receives 3.7 Billion Dollar Dutch Government Investment
The Dutch government injects 3.7 billion into AEGON NV to bolster liquidity amid the financial crisis. AEGON expects a Q3 loss around 436 million and plans to cancel dividends and executive bonuses for the year. The state will hold two supervisory board seats while a $5.6 billion buyback option keeps potential control in flux.
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Netherlands
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Aegon USA
Cedar Rapids
Mies
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Fortis
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AEGON
Standard & Poor’s
Cardella to bring 200 jobs to Marshalltown center
Thomas L. Cardella & Associates will open a new customer contact center in Marshalltown next year adding about 200 jobs. The site replaces the Access Direct center closed during Precision Response Corp. bankruptcy in 2007. The firm cites a skilled workforce and aims for strong wages and benefits.
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Dave DeWitte
Gazette
Thomas L. Cardella & Associates
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Access Direct
Precision Response Corp
Tom Cardella
Cardella
Marshalltown Center
Cedar Rapids
Cardella & Associates
Iowa
IAC/Inter- Active Corp
Precision Response
Wal Mart to open smaller supercenters as growth slows
Wal Mart Stores plans scaled back U S store growth and capital spending to focus on remodeling and smaller outposts. CFO Tom Schoene says the aim is higher cash flow and shareholder returns. 2009 will see 212 U S stores and 157 to 177 in 2010 with fewer supercenters.
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New York
Wal- Mart Stores Inc
Tom Schoene
Wall Street
Wal-Mart
U.S
Wal- Mart
W. Mart
Sam’s Cl
Rockwell Collins lands $85 million SMART Blade Radio subcontract
SCI Corp awards Rockwell Collins a subcontract to supply SMART Blade Radios for upgrading the U S Air Force worldwide air traffic control network. The First Article System will be installed at Wright Patterson Air Force Base, replacing 1960s 1970s radios and cutting costs. Bruce King of Rockwell Collins notes lower integration costs and a lighter, compact system.
MENTIONED IN THIS ARTICLE
Cedar Rapids — Science Applications International Corp
Rockwell Collins
U.S. Air Force
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Wright-Patterson Air Force Base
Gazette News Tip Line Numbers for Cedar Rapids Iowa City
Call The Gazette News Tip Line if you see news in Cedar Rapids at 398-8254 or in Iowa City at 399-3155. For nationwide tips call 1-800-397-8212.
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Cedar Rapids
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