Archive for May 2008

Paul Knapp, who played an important role in the development of Greater Des Moines for 50 years, died this morning at the age of 80.

Knapp was the vice president of Knapp Properties Inc., the …

Deere & Co. reported second-quarter profit growth below analysts’ estimates as slowing demand for construction equipment offset rising farm-machinery sales, Bloomberg reported.

Net income climbed 22 percent to $763.5 million, or $1.74 a share, from …

E.I. du Pont de Nemours & Co. and Genencor, a unit of Denmark’s Danisco A/S, today said they plan to form DuPont Danisco Cellulosic Ethanol LLC, a 50-50 joint venture to develop and commercialize low-cost …

Three area brokers received the fifth annual Downtown Brokers of the Year award on May 8. Bill Wright of Terrus Real Estate Group and Linda Gibbs and Tim Sharpe, both of CB Richard Ellis/Hubbell Commercial, …

The Des Moines Plan and Zoning Commission will hear a rezoning request from Central Iowa Developers LC on Thursday. The request is to change the property at 5100 N.E. 28th Ave. to a planned unit …

Greater Des Moines might soon have another place to pump iron.

Dave Reiseman, director of communications for Gold’s Gym International Inc., confirmed there is a new gym in the works for West Des Moines.

The …

Bank of America Corp. widened its forecast of home-equity loan losses beyond last month’s projections and said it has seen a “recent sharp increase” in customers using credit cards to buy necessities, Bloomberg reported.

These …

Retail sales fell 0.2 percent last month, led by a 2.8 percent drop in automobile sales, according to a Commerce Department report, the Associated Press reported.

Excluding autos, retail sales jumped 0.5 percent, better than …

The U.S. Small Business Administration has recognized First American Bank as the top lender in Iowa for fiscal year 2007. The bank approved 45 SBA loans worth more than $7.7 million to small Iowa businesses. …

U.S. stocks gained, rebounding from the first weekly drop in a month, as a retreat in oil prices boosted consumer shares, Bloomberg reported.

Wal-Mart Stores Inc., the world’s biggest retailer, rallied the most in two …