Archive for June 2008

Consumer spending rose more than forecast in May as the federal tax rebates propelled the biggest gain in incomes in almost three years, enabling households to overcome soaring fuel bills, Bloomberg reported.

The 0.8 percent …

American International Group Inc. plans to absorb losses for a dozen insurance units after their securities-lending accounts suffered $13 billion in write-downs tied to the subprime mortgage collapse during the past year, Bloomberg reported.

The …

Marcus Pitts has joined Peoples Co. as president of its commercial real estate brokerage. Pitts previously worked as director of commercial investments for the Regency companies and senior associate at CB Richard Ellis/Hubbell Commercial. His …

A wave of bad news and another jump in oil prices sent the Dow Jones industrial average plummeting more than 300 points to its lowest level in nearly two years, the Associated Press reported. Other …

Weissenburger Investments and Financial Planning Inc. will move on July 1 to a new single-occupant building at 16400 Sheridan Ave. in the Berkshire Commons Office Park in Clive.

The Architectural Edge in Ankeny designed the …

A Johnston home builder and land developer will manage the completion of single-family homes at the failed Michael’s Landing planned community in West Des Moines, a judge ruled Tuesday.

Dallenbach Larson Development LLC was appointed …

Small business owners are tightening their belts as rising oil prices and talk of recession have increased concerns about their financial situation.

According to the latest Wells Fargo/Gallup Small Business Index survey, more than one-third …