Archive for April 2008
WOW card one of the latest marketing innovations
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Read MoreDowling begins renovation and expansion
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Read MoreBusiness Tickers: April 18
A $55 million upgrade to rail lines from Iowa City to Chicago could lead to passenger service with ridership of about 187,000 people a year, according to a feasibility study released today. The improvements would …
Read MoreAlumnus’ gift creates first endowed department chair at Iowa State University
The first endowment for a department chair at Iowa State University will be established with a $2 million bequest from alumnus G. Richard “Dick” Johnson of Urbana, Ill. Johnson’s commitment will create the Wilbert A. …
Read MoreCitigroup reports loss on write-downs and credit costs
Citigroup Inc. posted a $5.11 billion loss for the three months ended March 31, less than analysts’ most pessimistic estimates, sending shares of the biggest U.S. bank by assets up as much as 7 percent …
Read MoreGriswell to take Danos’ place at Greater Des Moines Community Foundation
After 10 years of leading the Greater Des Moines Community Foundation, Johnny Danos will retire from the position of president effective July 1. Today, the Community Foundation board of directors elected Principal Financial Group Inc. …
Read MoreMerrill Lynch posts loss, plans layoffs
After $6 billion in new write-downs caused Merrill Lynch & Co. Inc. to post a $2.14 billion loss in the first quarter, the company said it would cut 4,000 jobs, the Associated Press reported.
In …
HNI profits plummet
HNI Corp. announced today that its net income from continuing operations for the three months ended March 29 fell 80.7 percent to $4 million from $20.7 million in the year-ago period. Sales were down 7.5 …
Read MoreIowa doctors may sue Medicare
A group representing Iowa’s physicians says it is considering suing the federal government over the inadequacy of Medicare reimbursements to Iowa health-care providers.
Leaders of the Iowa Medical Society (IMS) unveiled a 64-page task force …
JPMorgan profits fall, match estimates
JPMorgan Chase & Co. said its profits decreased 50 percent in the first quarter, meeting analysts’ estimates, after $5.1 billion of write-downs and provisions linked to home-equity loans, financing for leveraged buyouts and subprime mortgages, …
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