Archive for September 2008

Stickel Enterprises LLC plans to break ground on a three-story mixed-use office building at 2925 Ingersoll Ave. in late October or early November, or as soon as two houses on the property can be demolished …

Arthur Coppola, chairman and CEO of Macerich Co., which owns Southridge Mall, sold $6.6 million in his company’s stock last Friday. He sold 100,000 shares at an average price of $65.54 per share, according to …

Stocks were up this morning as speculation spread that Congress would reach an agreement soon on a $700 billion bailout plan for financial institutions’ bad debt, Bloomberg reported.

As of 10:15 a.m., the Dow Jones …

Sales of existing homes were weaker in the Midwest than the national average in August, but the median price of homes held up better, the Associated Press reported.

Sales of existing homes in the Midwest …

By Kent Darr

The Hotel Fort Des Moines is being evaluated for a “soup to nuts” renovation, owner Jeffrey Hunter said.

The 89-year-old structure at 10th and Walnut streets has undergone a series of partial …

Some Wall Street giants were saved by the Federal Reserve and others are awaiting the $700 billion government bailout, but before that can happen, the Federal Bureau of Investigation (FBI) might have something to say …

Wells Fargo & Co. announced yesterday that its board had expanded its share repurchase authorization by 25 million shares to meet the requirements of its employees’ benefit plan, the Associated Press reported. In November the …

Nannette Rodriguez has sold her Hispanic advertising firm, VIVAMEDIA, to Sigler Cos. In addition to being able to use the VIVAMEDIA name, Rodriguez will join the staff of Innova Ideas & Services, Sigler’s marketing and …

As the stock market continues to roller-coaster, credit tightens and unemployment rises, investors are starting to cash out their 401(k) accounts, The Wall Street Journal reported.

T. Rowe Price Group Inc. said hardship withdrawals, removing …

Quickly passing a $700 billion financial bailout is key to stabilizing financial markets and the economy, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson said in prepared remarks before the Senate Banking Committee …