Archive for April 2008
Foreclosures continue to rise
Foreclosure filings more than doubled in the first quarter compared with a year earlier, as property values fell and tighter lending standards left many homeowners unable to prevent their homes from being auctioned, the Associated …
Read MoreCountrywide faces further losses
Countrywide Financial Corp. lost $893 million, or $1.63 per share, in first quarter 2008, mainly as a result of taking $1.5 billion in loan-loss provisions, the Associated Press reported. The company earned $434 million, or …
Read MoreBusiness Tickers: April 29
Sauer-Danfoss Inc., with operations in Ames, posted a first quarter profit of $27.9 million, or 57 cents per share, up 81 percent from $15.4 million, or 32 cents per share, in the first quarter of …
Read MoreHeartland Financial USA reports increase in net income
Heartland Financial USA Inc. today reported that net income rose 9 percent in the first quarter of 2008. Net income increased to $6.3 million, or 38 cents per share, for the quarter ended March 31, …
Read MoreMars to buy Wrigley for $23 billion
Mars Inc. has agreed to purchase Wm. Wrigley Jr. Co. for $23 billion, with financing from Warren Buffett’s Berkshire Hathaway Inc., to combine the world’s biggest maker of chewing gum with the producer of M&Ms …
Read MoreBusiness Tickers: April 28
According to a new study released last week by the Ewing Marion Kauffman Foundation, entrepreneurial activity increased in 2007, especially among men and immigrants, the Business Courier of Cincinnati reported Friday. The Kauffman Index of …
Read MoreRelocations and Openings
– BCCAdvisers is moving April 25 to 1707 High St., Des Moines. BCCAdvisers will be expanding into a larger office.
– The Stadium, an athletic apparel store featuring collegiate and professional wear, will move into …
Filming “South Dakota” in Des Moines
It’s E-zee
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Read More“Free’ is a magic word
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