Archive for November 2008

ING Groep NV had a net loss of 478 million euros ($609 million) in the third quarter, compared with a profit of 2.31 billion euros in the year-ago period, the Associated Press reported. The Dutch-based …

U.S. Treasury Secretary Henry Paulson said that today that the government would broaden the reach of its $700 billion bailout plan to support non-bank financial institutions that provide consumer credit, such as credit cards and …

The federal government’s plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won’t help the majority of people threatened with foreclosure, CNNMoney.com said.

Under a plan unveiled Tuesday, homeowners whose …

The Technology Association of Iowa has announced recipients of its Women of Innovation Awards. The winners, who demonstrated leadership and innovation in technology, science and engineering, are Jacqueline Shanks, professor of chemical and biological engineering …

Smart Money magazine identified the Des Moines housing market as one of the markets “in the best shape for a rebound” in its November issue, citing Iowa’s economic diversification following the ’80s farm crisis. The …

Private nonresidential construction spending rose 1.3 percent from August to September, according to a recent report from the U.S. Census Bureau.

The manufacturing and religious construction subsectors reported the largest monthly increases in total nonresidential …

Citigroup Inc. is placing a moratorium on most foreclosures and plans to work with 500,000 homeowners it thinks might default on payments in the near future, the Associated Press reported.

This new initiative is among …

Stocks seem to be headed for another down day as more companies report poor earnings.

As of 11:05 a.m, the Dow Jones industrial average was down more than 250 points to 8,608.34 after a loss …

General Growth Properties Inc. may have to file for bankruptcy if it cannot refinance more than $4 billion in debt due by the end of 2009, Crain’s reported. In a Securities and Exchange Commission filing, …

The Iowa Capital Investment Corp. (ICIC) has committed $5 million to OCA Ventures, a Chicago-based venture capital firm, Gov. Chet Culver announced today. The ICIC’s commitment was made through the Iowa Fund of Funds program, …