Archive for May 2008
Consumer spending slowed in April
Consumer spending slowed in April as income gains weakened, a sign the biggest part of the economy may be faltering.
The 0.2 percent rise in spending followed a 0.4 percent increase in March, the U.S. …
Business Tickers: May 30
A lawsuit filed this week in Polk County District Court seeks $871,202 in principal and accrued interest on a $1.5 million note issued in 2002 to Westwood Partners L.C., whose president at the time was …
Read MoreDes Moines named one of nation’s best cities
Des Moines is the ninth-best city in the nation in which to live, work and play, according to the July issue of Kiplinger’s Personal Finance magazine.
The editors considered the strength of the city’s economy, …
$5 billion buyback approved by Deere & Co. board
The Deere & Co. board of directors today authorized the company to repurchase up to $5 billion of additional common stock. The repurchases will be made at the company’s discretion in the open market, and …
Read MoreEstimates increased for first-quarter economic growth
A reduction in imports and record export sales boosted U.S. economic growth more than previously estimated in the first quarter, Bloomberg reported.
According to revised figures from the Commerce Department, the gross domestic product gained …
Vaudt: State budget hides spending, uses “Band-Aid approach”
The state’s budget calls for spending $370 million more than it receives, provides a poor example of transparency and creates challenges for the future, Iowa Auditor David Vaudt said today.
“[Our] appetite to spend is …
Wellmark breaks ground for new headquarters
About 200 invited business and government leaders joined Wellmark Blue Cross and Blue Shield officials in a groundbreaking ceremony this morning for the company’s new corporate headquarters near Western Gateway Park.
The five-story, 550,000-square-foot building, …
Business Tickers: May 28
Orders for durable goods, excluding automobiles and airplanes, unexpectedly rose in April, signaling that demand from abroad may be helping factories ride out the housing-led economic slowdown, the U.S. Commerce Department said today. Excluding transportation …
Read MoreResidential project hits a lending snag
A Des Moines developer claims it was forced to stop work on a residential construction project in southeast Des Moines after Legacy Bank terminated a loan.
DRC Land and Development LLC said in a lawsuit …
Hearing scheduled on Legacy town center change
The Norwalk Planning and Zoning Commission will hold a public hearing today at 5:30 p.m. to review a request by Hubbell Realty Co. to amend plans for the Legacy/Colonial Meadows Planned Unit Development. One of …
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