Archive for October 2008
Nollen Plaza do-over heads for feasibility test
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Read MoreIowa Interstate Railroad invests millions in fleet
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Read MoreTickers: Oct. 17
General Growth Properties Inc., developer of Jordan Creek Town Center, has given a $300,000 raise to its interim chief financial officer, Edmund Hoyt, who was appointed following the Oct. 2 departure of former CFO Bernard …
Read MoreING stock price tumbles
Dutch financial services firm ING Groep NV, which has extensive operations in Des Moines, experienced a record drop in stock price as speculation circulated that the Amsterdam-based company may need to increase its capital, Bloomberg …
Read MoreOil prices hit 14-month low
Oil prices reached a 14-month low yesterday, causing the Organization of Petroleum Exporting Countries (OPEC) to move up its emergency meeting by a month to Oct. 24, the Associated Press reported.
The price of oil …
Tickers: Oct. 16
Though Wachovia Corp. CEO Bob Steel will be out of a job when Wells Fargo & Co. takes over the bank, Wells Fargo CEO John Stumpf told Wachovia employees yesterday that he will try to …
Read MoreWinnebago revenues down 64 percent
With recreational vehicle sales plummeting, Forest City-based Winnebago Industries Inc. reported a net loss of $12.7 million, or 44 cents per share, for its fiscal fourth quarter ended Aug. 30, a suspension of its cash …
Read MoreMore economic news leaves stocks on shaky ground
U.S. stocks dropped and then rallied morning, following a more than 700-point decline in the Dow Jones industrial average yesterday and a downturn on world markets this morning.
As of 9:40 a.m., the Dow was …
Tickers: October 15
First National Investment Banking has announced the opening of a public finance department at its headquarters in Omaha. The investment bank is a wholly owned subsidiary of First National of Nebraska Inc. The department will …
Read MoreWells Fargo beats expectations
Just a few days after it got the green flag to merge with Wachovia Corp., Wells Fargo & Co. reported a 25 percent decline in net income, yet still managed to beat expectations.
The company …