Archive for October 2008
Retail sales hit three-year low
The Commerce Department announced today that retail sales in September experienced their biggest monthly drop in three years, CNNMoney reported.
According to the report, retail sales decreased 1.2 percent in September, which is nearly double …
Complicated land deal comes to a close
Plans to relocate Merle Hay Family Medicine and Urgent Care are going forward after a delay of more than two years, said Paul Weeks, a vice president and broker associate with CB Richard Ellis/Hubbell Commercial.…
Read MoreTickers: Oct. 14
The second annual Iowa Hunger Summit will take place today alongside World Food Prize activities. Gov. Chet Culver will preside over a “hunger luncheon” at noon, at which guests will be served meals that represent …
Read MoreStocks continue rally worldwide
After a 936-point jump yesterday, the Dow Jones industrial average opened up more than 300 points this morning, the Associated Press reported.
Markets have been rallying worldwide. However, some investors are skeptical whether stocks will …
U.S. government to invest $250 billion in banks
The Bush administration announced more specific plans on its $700 billion bailout plan this morning, including investing $250 billion in banks in an effort to stabilize the nation’s financial system, The New York Times reported. …
Read MoreStocks soar in stunning reversal
On the first day of trading after a horrendous week of losses, the Dow Jones industrial average skyrocketed up as much as 976 points and ended with a 936-point gain Monday afternoon.
As reported by …
Culver: Economic forum ‘beginning of a process’
Gov. Chet Culver said discussion among Democratic congressional leaders earlier today was the first step toward drafting a federal economic stimulus bill that could include assistance to fund infrastructure projects, provide direct assistance to programs …
Read MoreTickers: October 13
The Federal Reserve announced yesterday that it approved Wells Fargo & Co.’s $11.7 billion acquisition of Wachovia Corp., removing the last major regulatory hurdle to the deal, the Associated Press reported. Citigroup Inc. walked away …
Read MorePrincipal releases preliminary 3Q results
A third-quarter earnings forecast that was released today reveals that Principal Financial Group Inc. is trying to remain stable, despite a weakened economy.
“Our results for third quarter were very solid, particularly in light of …
Des Moines goes global for World Food Prize
More than 700 people from around the world are expected to attend the World Food Prize symposium that will take place Wednesday through Friday in downtown Des Moines, and more than 400 will attend the …
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