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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 01, 2007
Page
17
Gasoline prices edged higher amid an end of season shortage of summer blend fuel. Refiners reduce summer grade stocks before September 15 when winter gas can be sold. Energy analysts warn of further price bumps as supplies tighten and futures move on weather and demand data.
Gayle Roberts, a 25 year veteran of Stanley Consultants Inc., is elected president and chief operating officer of Stanley Consultants in Muscatine. She becomes the first woman to head a major engineering firm in the country. Roberts takes the post Sept 18 succeeding Greg Thomopulos who becomes chairman and CEO.
The Commerce Department reports a 0.4 percent rise in consumer spending for July aided by a 0.5 percent income increase. Durable goods orders jump 3.7 percent led by a 11 percent surge in transportation goods. Confidence falls to 12 month low as housing weakness weighs on outlook.
Cedar Rapids insurer United Fire & Casualty plans to repurchase up to 600 000 shares over two years with purchases from open market or private transactions. The company will no longer be rated by Standard & Poor's while remaining rated by A M Best Co. The stock closed at 37.99 a share, down 0.21.
Polk County District Court Judge Scott Rosenberg approved a 179.95 million class action settlement against Microsoft Corp. Plaintiffs seek 330 million for 1994 to 2006 software purchases. Claimants include 63 000 individuals 740 businesses and 40 government agencies with a December 14 filing deadline.
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