Archive for March 2009

Developer John Kline refused to divulge details of his finances in a bankruptcy case after learning of a federal bank fraud investigation, Jerrold Wanek, Kline’s attorney, said today.

Wanek said he did not know whether …

An industry group’s index of U.S. mortgage applications increased 32.2 percent to 1,159.4 last week as record low interest rates heightened demand for home refinancing loans, Reuters reported.

The Mortgage Bankers Association (MBA) said refinancing …

Sauer-Danfoss Inc. reported a net loss of $90.6 million, or $1.88 per share, for the fourth quarter of 2008, compared with net income of $8.7 million, or 18 cents per share, for the fourth quarter …

GuideOne Insurance announced today that it has reached an “amicable resolution” to a discrimination complaint filed against the company by two fair-housing groups in 2007. As part of that resolution, it will no longer offer …

A group that owns Bank of America Corp. stock is battling to oust CEO Ken Lewis and two other board members, claiming that the board of directors disregarded protecting the interests of shareholders during its …

The world’s airline industry is experiencing its deepest crisis in nearly 60 years, and is projecting nearly $5 billion in losses this year as passenger and freight traffic continue to decrease, the International Air Transport …

Electrolux announced yesterday that 129 workers from the Webster City laundry equipment factory will be laid off effective March 30, The Fort Dodge Messenger reported. The company already experienced multiple rounds of layoffs last month, …

The U.S. Treasury Department unveiled its plan today to buy up to $1 trillion of mortgage securities, whose collapse in value helped trigger the recession.

The news brought a positive response from the stock market. …

Existing home sales increased at the fastest rate in nearly six years last month, according to data released by the National Association of Realtors (NAR). In February, sales of previously owned homes increased by 5.1 …

Iowa Health – Des Moines announced that Ken Cheyne, an adolescent medicine specialist, has been named the interim medical director for Blank Children’s Hospital, where he will be responsible for the day-to-day clinical operations. Steve …