Archive for May 2008

A development loan to a Regency Homes subsidiary is not in default but has been classified as “special mention” by North Central Bancshares Inc., the parent company of First Federal Savings Bank of Iowa, the …

The U.S. trade deficit narrowed more than forecast in March as a slump in demand for imported goods offset the impact of the first export decline in more than a year, Bloomberg reported.

The gap …

Oil and gas executives said the price-per-barrel of oil will drop significantly by the end of the year, according to the results of a survey conducted by KPMG LLP’s Global Energy Institute. Oil was selling …

Residential Building Permits – City of Altoona – April 2008

Issued

No. of units

Financial value

Total April 2008

14

$2,442,657

Total April 2007

19

$3,030,804

Total year to date                    
Jan. 1, 2008 to  …

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Less than a year after Siemens Energy opened its Fort Madison plant, it is planning to expand the facility, doubling its production capacity and creating 200 new jobs. The expansion is in response to one …

Preliminary sales figures for April show that discount and wholesale retailers benefited from consumers looking for lower prices, while mall-based apparel stores struggled, the Associated Press reported.

An early tally from Thomson Financial showed that …

Iowa is one of several states working through the National Association of Insurance Commissioners to adopt a settlement agreement with Conseco Inc. Two of the insurer’s subsidiaries, Conseco Senior Health Insurance Co. and Bankers Life …

Marsh & McLennan Cos. Inc. will seek to sell parts of its Kroll security unit after a $425 million write-down at the subsidiary caused a first-quarter loss, Bloomberg reported.

“There are businesses in Kroll that …