Archive for October 2008

Traders participating in the Iowa Electronic Markets (IEM) believe that Barack Obama has an 84 percent chance of winning Tuesday’s popular vote, according to the latest tallies this morning. The online, real-money trading market, created …

Almost three weeks after the U.S. government put its guarantee behind new bank bonds, no U.S. finance company has braved the market, Bloomberg reported.

Though Citigroup Inc., JPMorgan Chase & Co. and Bank of America …

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Des Moines-based American Equity Investment Life Insurance Co. and its subsidiary, American Equity Investment Life Insurance …

Steve Chapman, chairman and chief executive officer of West Des Moines-based ITAGroup Inc., will step down as CEO on Jan. 1. Thomas Mahoney, currently the company’s president and chief operating officer, will assume the CEO …

Former Regency officers have been ordered to pay $3.5 million in delinquent loans and give up their interests in an Urbandale townhome development.

Dallas County District Judge William Joy filed the order Monday after brothers …

The economy contracted at a 0.3 percent annual pace in the third quarter, the biggest decline since the recession in 2001, Bloomberg reported.

The decline was less than analysts’ median forecast of a 0.5 percent …

The Treasury Department released a report yesterday on its first disbursements under the $700 billion bailout plan, the Associated Press reported. It purchased $125 billion of bank stock on Tuesday, which included $25 billion each …

Andrew and Teri TeBockhorst, who closed their East Village Books last month, filed for bankruptcy protection Tuesday in Des Moines.

The TeBockhorsts shuttered the shop at 510 E. Locust St. on Sept. 29 and delivered …

E.I. du Pont de Nemours & Co. declared a fourth-quarter common stock dividend of 41 cents per share, payable Dec. 12 to stockholders of record Nov. 14. The dividend is the same amount paid in …

Meredith Corp. today reported fiscal 2009 first-quarter earnings of 41 cents per share and $370 million in revenues, compared with 68 cents per share earnings and $404 million in revenues in the year-ago quarter.

“The …