Archive for January 2008

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Bank of America Corp. announced today that it agreed to acquire Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion, making B of A the nation’s largest mortgage lender and loan servicer.

The …

Touting a membership that now represents more than 4,000 Greater Des Moines businesses, the Greater Des Moines Partnership celebrated the past year’s accomplishments last night at its 2008 annual dinner.

About 1,200 Partnership members attended …

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Lagging wages and high student loan debt are the main factors causing young people to flee Iowa after graduation, according to the Generation Iowa Commission’s report released yesterday.

The 48-page Situation Analysis contained key findings …

Though Wal-Mart Stores Inc. posted a higher-than-expected gain in December same-store sales, most retailers reported disappointing sales results, reported the Associated Press. Many have lowered their fourth-quarter earnings forecasts as a result, raising concern that …

The risk of companies defaulting on their debt continues to increase as concerns remain that lenders, including Countrywide Financial Corp., will not be able to hold on during the worst housing slump in 27 years, …

Mortgage application volume rose 32.2 percent during the week ended Jan. 4, following three consecutive weeks of sharp decreases, according to the Mortgage Bankers Association’s weekly application survey, the Associated Press reported.

The MBA’s application …

West Des Moines will see 60,000 square feet of office space come onto the market.

Wells Fargo & Co. is leaving the Bristol and Augusta office buildings in the Country Club Office Plaza in West …