Archive for May 2009

Two private reports released today indicate that the pace of U.S. job losses may be slowing.

According to Automatic Data Processing Inc. (ADP), a payroll-processing firm, private-sector job cuts totaled 491,000 in April, which is …

Sauer-Danfoss Inc. reported a lower-than-expected quarterly loss today and said it expects 2009 sales to decline by 40 percent.

The company posted a first-quarter loss of $78.4 million, or $1.62 per share, compared with net …

Marsh & McLennan Cos. Inc. returned to profitability in the first quarter, bouncing back from a loss a year ago when it absorbed a big write-down, the Associated Press reported. The New York-based company, which …

As the economy stagnates, an abundance of available tax credits coupled with a diminished pool of investors is causing concern, developers say.

“The development community is optimistic, but very concerned that the pool for federal …

DRA Properties LC, the master developer of Ankeny’s Prairie Trail development, has partnered with Atlanta-based Terramark Partners LLC on the project’s town center component.

“We are the joint venture partner with DRA in regards to …

Equitable LP has been ordered to pay a $500,000 environmental civil penalty for conducting extensive renovations of the historic Equitable Building in downtown Des Moines without taking required precautions for the presence of asbestos-containing material, …

Monsanto Co. filed a lawsuit yesterday against E.I. du Pont de Nemours & Co. and its Johnston-based Pioneer Hi-Bred International Inc. subsidiary for unlawful use of Monsanto’s Roundup Ready herbicide-tolerant technologies in corn and soybeans, …

Principal Financial Group Inc. announced today that its net income declined by 35 percent in the first quarter due to significant equity market declines and higher costs for employee pension and post-retirement benefits.

Net income …

Wells Fargo & Co. announced today that a subsidiary, Wachovia Bank N.A., has agreed to acquire the proprietary defined contribution plan recordkeeping business of Texas-based Comerica Bank, a subsidiary of Comerica Inc. The transaction is …

Stocks were on the rise this morning after the Commerce Department reported increases in pending home sales as well as increases in construction spending.

As of 9:48 Iowa time, the Dow Jones industrial average had …