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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 23, 2010
Page
17
Stocks retreat after the Fed signals potential further action to spur the economy. The Dow falls 21.72 to 10,739.31, the S&P 500 drops 5.50 to 1,134.28, and the Nasdaq declines 14.80 to 2,334.55 while gold climbs to 1,292.10 an ounce.
Cedar Rapids area consumers rank third among 142 U.S. market areas in average credit scores. From January to June 2010 the Cedar Rapids market including Waterloo Iowa City and Dubuque posted 781, while Minneapolis and Madison led at 787 and 785 respectively. Des Moines area ranked 17th at 771 and Harlingen Texas was lowest at 684.
The Cedar Rapids Area Chamber of Commerce hosts the annual expo Hitting Business Out of the Park from 2 to 6 p.m. at Veterans Memorial Stadium. About 80 businesses will display a wide range of products and services in a free public event.
General Mills Inc. reports first quarter net income up 12 percent to 472.1 million dollars or 70 cents a share as stronger sales of Chex cereals Cinnamon Toast Crunch and Yoplait yogurts drive growth. Last year the quarter earned 420.6 million dollars or 62 cents per share.
The Dallas Morning News report outlines what a survival job is a temporary low paying position taken to cover basic living costs after job loss. Experts Randall Hansen and Lisa Miller advise delaying such work if possible and weigh the pros like income and confidence against the cons of lower pay multiple jobs and reduced job hunting time. August and September are suggested as good times to seek these interim roles.
Alliant Energy argues for a transmission rider that would allow ITC Midwest driven cost increases to be passed to customers quickly. The Iowa Utilities Board hears the 13 percent rate rise dispute, with cost shifts from ITC Midwest totaling about 150 million in added revenue. The board is set to rule in January 2011 after today’s hearing wrap.
The Iowa farmland market rose 5.7 percent from March to September, lifting the six month gain to 8.5 percent for the year. Higher corn soybeans and wheat prices, low long term rates, and dwindling good land pushed prices up across all districts led by East Central Iowa. Farmers see strong auction demand with land selling above seven thousand eight hundred dollars an acre in recent sales.
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