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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 03, 2011
Page
12
Stocks plummet after a dismal jobs report shows no new US hires last month. Unemployment stays at 9.1 percent while Treasury yields drop and gold surges. Dow, S&P and Nasdaq all decline, erasing the week's gains.
HIAWATHA Crystal Group Inc introduces two ruggedized systems including the ACMI Autonomous Computing Module sized to under 8 pounds with 30 to 65 watts. It provides onboard processing and storage for unmanned and autonomous vehicles where weight matters.
New York reports say the United States plans to sue some of the nation's largest banks over mortgage backed securities that lost value in the housing crash. The government seeks billions in compensation claiming misrepresentation of security quality. The Federal Housing Finance Agency may file suit within days.
Baker Group of Des Moines, a mechanical contractor, purchases Quint Co Inc a building automation systems provider. Quint Co with offices in Iowa City and the Quad Cities will join Bakers controls business unit. Purchase price not disclosed. Associated Press Des Moines Register.
As U S workers celebrate Labor Day, many jobless Americans report growing indifference and even demonization. Long term benefit cuts in South Carolina and broader welfare reforms echo past shifts, while economists warn the economy isn’t creating enough jobs for the 8 million plus unemployed since the Great Recession. Some studies show some recipients delay job searches until benefits end, while others note public sentiment growing harsher toward those without work.
Barry University uses a Facebook housing app and online tours from YourCampus360 to attract students. The startup, with clients on 67 campuses, offers 360 degree animated tours with audio, usable on websites, apps, and Facebook pages. More than 1 million users have tried the tours, and some schools report up to a 30 percent rise in campus visits.
Credit unions nationwide increased lending 0.7 percent to 564.0 billion in the second quarter, the first rise in four quarters. Iowa's Veridian, University of Iowa Community CU, Dupaco, Collins Community CU show loan growth. delinquencies hover near high but improving levels.
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