Archive for February 2009

The median price of a U.S. home plummeted 12 percent to $180,100 in the fourth quarter of 2008 compared with the year-ago period and sales of proprieties with mortgages in default accounted for 45 percent …

Automakers’ woes continue as Toyota Motor Corp. announced it is further cutting North American production, lowering executives’ compensation and offering buyouts to about 18,000 workers.

Nissan announced a major workforce reduction this week, while Chrysler …

Cedar Rapids-based Rockwell Collins Inc. plans to quadruple its staff in India by 2012 as India looks to spend more than $30 billion over the next five years to modernize its armed forces, Reuters reported. …

A day after Congress grilled executives of some of the nation’s largest banks about how they were using federal money received from the Troubled Assets Relief Program (TARP), Iowa lawmakers this morning were seeking similar …

Now is a good time for individual investors to rebalance their portfolios and position themselves to profit when the economy recovers, say representatives of Wells Fargo Private Bank.

That was part of the advice that …

Storm Lake-based Meta Financial Group Inc. had a net income of $673,000, or 26 cents per share, in the first quarter of fiscal 2009, which ended Dec. 31, compared with a net loss of $740,000, …

Anawim Housing is proposing the construction of nine residential housing units and a mixed-use commercial building on the southeast corner of Forest Avenue and 21st Street in Des Moines.

Though construction details have yet to …

Marsh & McLennan Cos. Inc. (MMC) today announced better than expected fourth-quarter results.

The No. 2 global insurance broker, which has operations in Urbandale, reported a net income from continuing operations of 37 cents per …

Des Moines International Airport (DSM) announced today that Delta Air Lines Inc. will be adding a second daily flight to New York’s LaGuardia Airport (LGA). Beginning in April, Delta will switch its current daily service …