Archive for January 2009
Jobless claims hit all-time high
The number of Americans receiving unemployment benefits hit a record high last week and will likely continue to rise as more companies announced mass layoffs this week, the Associated Press reported.
According to a Labor …
Read MoreDetails of latest economic stimulus package
The $819 billion economic stimulus package endorsed by President Barack Obama and passed by the House yesterday would provide a mixed bag of immediate and long-term aid, the New York Times reported.
Here are some …
Read MoreTickers: Jan. 29
The majority of Greater Des Moines charities are concerned about raising funds this year as demand for services from nearly all organizations increased last year. This was among the key findings in the Greater Des …
Read More2009 Economic Forecast – Part 2
Mercy to close subacute care unit at Mercy Capitol
Mercy Medical Center – Des Moines announced plans today to close Mercy Subacute Care, located at Mercy Capitol, on March 29. The unit provides interim and long-term care for patients not ready to return home …
Read More2009 Economic Forecast – Part 1
‘Ambitious’ plans follow delay of large-scale Altoona development
Site work on a 176-acre commercial development in Altoona is nearing completion after being delayed last fall due to a discovery made during an archeological dig.
“They found a nickel and a pop can,” said …
Read MoreFBL Financial Group lays off 76 employees
FBL Financial Group Inc. announced this morning that it will reduce its total work force by 76 employees, or about 4 percent. The majority of those employees, 73, worked in FBL’s West Des Moines home …
Read MoreCulver announces $580 million in budget cuts
Gov. Chet Culver said today that he plans to cut state spending by $580 million and announced his plans to take $200 million out of the state’s rainy-day fund to help balance the fiscal 2010 …
Read MoreTickers: January 28
Wells Fargo & Co. today reported a $2.83 billion loss in the fourth quarter, the company’s first quarterly loss since 2001, the Associated Press reported. The company said it took significant charges to reduce its …
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