Archive for January 2009
Infrastructure stimulus could change ‘grim’ outlook on nonresidential construction
Ninety-two percent of general contractors say they are planning for or coping with declines in construction work this year, according to a survey of member firms of the Associated General Contractors of America (AGC) conducted …
Read MoreIncentives approved for Hubbell’s affordable housing project
Hubbell Realty Co. plans to construct three apartment buildings at 5409-5521 S.E. 14th St. in Des Moines beginning this spring.
A city of Des Moines staff report dated Nov. 24 states that the 84 affordable …
Read MoreCulver calls for major infrastructure program in state address
Gov. Chet Culver’s Condition of the State speech this morning called for the state to work together to continue the efforts to rebuild from Iowa’s natural disasters this past year and to balance the budget.…
Read MoreBanks must now track use of TARP funds
Financial institutions are being asked to track and report their use of government money received through the $700 billion bailout program, according to a Federal Deposit Insurance Corp. (FDIC) directive issued yesterday to about 5,100 …
Read MoreTickers: Jan. 13
The Iowa Transportation Commission today awarded up to $469,210 to assist Waukee in paving approximately 1,850 feet of Northeast Westgate Drive west of Northeast Alice’s Road in the Crossing at Alice’s Road development. Funding will …
Read MoreING to lay off 72 in Des Moines
ING Groep NV will lay off approximately 72 people in Des Moines this week as part of 750 job cuts across its U.S. operations.
The cuts will take place throughout the week and affect employees …
Read MoreHomesteaders Life to merge with American Enterprise
Des Moines-based American Enterprise Group Inc. and Homesteaders Life Co. of West Des Moines today announced they have signed a letter of intent for Homesteaders to merge into American Enterprise.
American Enterprise is the parent …
Read MoreCitigroup and Morgan Stanley work out a deal
Citigroup Inc. CEO Vikram Pandit pledged last fall that he wouldn’t sell Smith Barney, the company’s brokerage operations; however, after billions of dollars in losses, Citigroup is now negotiating a $10 billion deal that would …
Read MoreTickers: Jan. 12
Principal Financial Group Inc. announced today that it will release its fourth-quarter results at 3 p.m. Iowa time on Feb. 9. President and CEO Larry Zimpleman and Senior Vice President and Chief Financial Officer Terry …
Read MoreDeep-water drilling firm stands above the rest
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