Archive for December 2007
State issues Fiscal Year 2007 Comprehensive Annual Financial Report
The state’s General Fund balance decreased by 2.2 percent in the fiscal year ended June 30, 2007, according to the Fiscal 2007 Comprehensive Annual Financial Report issued today by the Iowa Department of Administrative Services. …
Read MoreBerkshire Hathaway to buy ING’s reinsurance unit
Warren Buffett’s Omaha-based Berkshire Hathaway Inc. agreed to buy the NRG NV reinsurance unit of ING Groep NV for about $441 million, its second acquisition this week, Reuters reported.
ING said today it is selling …
Citigroup, HSBC may sell units
U.S. and European banks, including Citigroup Inc. and HSBC Holdings plc, are considering selling off parts of their businesses as they prepare for tough times ahead, Reuters reported.
The report quoted a Wall Street Journal …
New West Des Moines chiropractic practice
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Read MoreComair suspends service to Salt Lake
Low passenger loads and escalating fuel prices have caused Comair to temporarily suspend its service between Des Moines and Salt Lake City, Des Moines International Airport officials announced today.
The suspension will start on Jan. …
Durable goods orders up slightly in November
U.S. durable goods orders rose less than expected in November as stricter lending standards, large inventories and slowing sales caused some companies to cut spending on new equipment, Bloomberg reported.
The Commerce Department announced today …
Nonfarm employment in Iowa reaches record
Nonfarm employment in Iowa increased by 3,200 in November, reaching a record 1,529,300. Meanwhile, the state’s seasonally adjusted unemployment rate was 3.9 percent, unchanged from October but up from 3.5 percent in November 2006.
“Job …
Commercial Real Estate Fundamentals Sound but Investment Slowing
The national commercial real estate market will see small increases in vacancy rates for the office and industrial sectors during 2008 according to a report released by the National Association of Realtors.
The Commercial Real …
MarketPlace Lofts starts leasing
Hubbell Realty Co.’s MarketPlace Lofts on Court Avenue in downtown Des Moines has begun leasing apartment units.
The building, which houses 52 units, has already leased 16 apartments, with 14 tenants planning to move in …
New distribution warehouse in the works for Altoona
A new 136,000-square-foot distribution warehouse could be heading to Altoona pending approval from the city.
Greg Dickinson of Merchants Distribution Service in Des Moines said the company needs to relocate its warehouse to Altoona because …