Archive for January 2009

Meredith Corp. announced today that earnings for its fiscal second quarter ended Dec. 31 were 28 cents per share on revenues of $366 million, compared with earnings per share of 75 cents and revenues of …

As the Labor Department reported that the number of people applying for unemployment claims hovered around a 26-year high last week, several companies announced major job cuts.

Intel Corp. said it plans to slash 6,000 …

West Bancorporation Inc. had net income in the fourth quarter of $2.1 million, or 12 cents per share, compared with $4.4 million, or 25 cents per share, in the fourth quarter of 2007. For the …

The city of West Des Moines last month approved a revised grading plan for Jordan Creek Business Park, a 20-acre plat located on the north and south sides of Village View Drive between South 60th …

Drake University is adjusting to the economic climate by expanding its curriculum to offer courses that help people cope with the current recession.

Today, Drake’s Center for Professional Graduate Studies in Drake’s College of Business …

General Motors Corp. announced today that its global vehicle sales dropped 11 percent in 2008, allowing Toyota Motor Corp. to sneak up and take the reins as the world’s largest automaker for the first time, …

Clear Channel Communications Inc., owner of multiple Des Moines radio stations, including 107.5 KKDM-FM, 1040 WHO-AM and 106.3 KPTL-FM, announced yesterday it was cutting about 1,850 jobs nationwide, or 9 percent of its work force. …

Enforcing the largest and deepest supply cut ever, the Organization of the Petroleum Exporting Countries (OPEC) said it expects oil to reach $75 a barrel in 2009, Reuters reported.

“I think that if all the …

Davenport-based Lee Enterprises Inc., the publisher of the Quad-City Times, today announced that its first-quarter earnings tumbled 69 percent and said it would cut 10 percent of its work force in response, the Associated Press …