Archive for April 2008
Business Tickers: April 25
Two businesses that will form part of Aviva Investors, the global asset management arm of Aviva plc, announced today that they have reached an agreement to acquire Madison Harbor Capital LLC, a U.S. real estate …
Read MoreAviva breaks ground on USA headquarters
Aviva USA broke ground on its $135 million to $150 million West Des Moines headquarters this afternoon. The 360,000-square-foot complex will be located on a 71-acre parcel at the southwest corner of Jordan Creek Parkway …
Read MoreRockwell Collins has strong quarter
Rockwell Collins Inc. posted solid earnings for its fiscal second quarter ended March 31, with strong growth in both its commercial and government systems business segments.
Net income rose 20 percent to $168 million, or …
Ford Motor posts a profit
Ford Motor Co. shocked analysts with an unexpected first-quarter profit of $100 million as reduced operating expenses made up for a decline in U.S. sales, Bloomberg reported.
The company’s net income for the quarter was …
Business Tickers: April 24
<B<Des Moines-based EMC Insurance Group Inc.‘s net income for first-quarter 2008 fell to $8.2 million, or 60 cents per share, from $14.7 million, or $1.07 per share, in first-quarter 2007. Results for the first quarter …
Read MoreAmbac loses $1.66 billion, more than expected
Ambac Financial Group Inc., a bond insurer that lost 93 percent of its stock market value in the past year, posted a larger loss than analysts had anticipated after $3.1 billion in charges for subprime-mortgage …
Read MoreAnalysts wary of Wells Fargo
Wells Fargo & Co. has managed to avoid the worst of the financial turmoil so far, but some analysts see trouble ahead for the company, the San Francisco Business Times reported yesterday.
Several analysts have …
Business Tickers: April 23
The Iowa Senate yesterday approved a bill to repeal the current local option sales tax and replace it with a statewide sales tax to support school infrastructure and provide property tax relief. The measure passed …
Read MoreHy-Vee begins purchasing homes in Beaverdale
Hy-Vee Inc. has begun pre-construction work on its Beaverdale store.
According to the Polk County assessor, Hy-Vee has purchased six homes between 4409 and 4521 Euclid Ave. ranging in price from $110,000 to $190,000 during …
NDC to complete East Grand redevelopment this summer
The Neighborhood Development Corp. (NDC) will complete its final phase of redevelopment on East Grand Avenue with a project at 1552 E. Grand Ave. that will break ground this summer.
The building at that address …