Archive for July 2008
Tickers: July 31
American Equity Investment Life Holding Co. reported second-quarter 2008 operating income of $18.7 million, or 33 cents per share, up 14 percent from $16.3 million, or 28 cents per share, in the second quarter of …
Read MoreSecond-quarter economic growth up
The economy expanded more in the second quarter than in the first thanks to tax rebates that encouraged consumer spending, but the increase was less than economists had expected, the Associated Press reported.
The gross …
General Growth announces earnings, delays projects
Missing second-quarter estimates, General Growth Properties Inc. lowered its 2008 earnings forecast and announced it would defer $500 million of development spending over the next 18 months, Reuters reported.
The Chicago-based developer and manager of …
Former Regency Commercial staff finds new life with Denny Elwell Co.
Ankeny-based commercial real estate broker and developer Denny Elwell Co. has joined with former principals of Regency Commercial Services to form Edge Commercial LLC.
Ward Phifer, former president of Regency Commercial, which fell under the …
Bass Pro Shops to stimulate development of Altoona’s N.W. corner
Bass Pro Shops is moving closer to breaking ground in Altoona after a site plan and rezoning for the development was recommended for approval by the Planning and Zoning Commission Tuesday night.
Chad Quick, a …
Meredith profits decline after poor ad revenues
Meredith Corp. today announced lower quarterly profits which sent shares down 7 percent, Reuters reported. Meredith said its decrease in profits is due to lower advertising revenues at its magazines and costs associated with job …
Read MoreMinnesota suit against Aviva can proceed, judge rules
A Minnesota district judge has ruled that the state’s attorney general can proceed with a lawsuit against Aviva USA that alleges the company sold unsuitable annuity products to seniors through deceptive marketing techniques, the Minneapolis …
Read MoreTickers: July 29
The nation’s four biggest banks – Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. – said they will begin issuing covered bonds, which are secured by pools of …
Read MoreHealth-care conglomerate announces partnership in new data center
TEAM Technologies and Iowa Health System (IHS) today announced their partnership in a data center planned for Waukee.
The joint venture, TEAM Des Moines Partners LLC, calls for shared ownership of the new data center, …
McAninch lays off equipment operators, sells excess equipment
Contrary to rumors, the McAninch Corp. is not for sale, but it is downsizing in response to the slowing economy, said the company’s president.
“We’ve just had some excess people and some excess equipment, and …