Archive for March 2008

A 0.6 percent drop in retail sales last month offered a new sign that the economy is in recession, Bloomberg reported.

Analysts surveyed by Bloomberg had forecast that retail sales would rise 0.2 percent after …

The dollar fell to a record low of $1.55 per euro as firms from Citigroup Inc. to Goldman Sachs Group Inc. said the Federal Reserve’s plan to bring $200 billion into the banking system may …

The Johnston Planning and Zoning Commission approved a site plan and nine preliminary plats within the Beaver Drive Business Park on March 10.

A site plan submitted to the city shows a new building in …

A multimillion-dollar plant expansion is in the works for Helena Industries in Des Moines.

Construction of a 20,000-square-foot addition could start as early as this week on the plant at 3525 Vandalia Road depending on …

Investments backed by commercial real estate loans have avoided the problems socking the home loan market, the Associated Press reported.

The Mortgage Bankers Association’s 2007 statistics show that investors in commercial real estate loans — …

The funding for a feasibility study of a tram running from Western Gateway Park to the East Village will be provided by Nationwide Mutual Insurance Co., announced by the city of Des Moines, Downtown Community …

Despite economic concerns nationwide, Iowa’s seasonally adjusted unemployment rate dropped to 3.6 percent in January from 3.8 percent in the previous month, and also was lower than the 3.7 percent rate in January 2007. The …

The Federal Reserve announced plans today to lend up to $200 billion to struggling financial institutions. The Term Securities Lending Facility will lend Treasury securities to primary dealers for 28 days through weekly auctions beginning …