Archive for May 2009

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The Iowa Finance Authority (IFA) is finalizing the administrative details for two federal economic stimulus programs that will inject more than $90 million dollars into low-income housing tax credit (LIHTC) projects in the state.

Iowa’s …

Federal Reserve Chairman Ben Bernanke’s efforts to bring down borrowing costs to revive the housing market and boost the economy are stalling, Bloomberg reported.

Mortgage rates are almost back to where they were in March …

Jim Ryan, CEO of Ryan Companies US Inc., died Thursday after a 10-month battle with melanoma. Ryan, 66, had helped transform his family’s Minnesota-based construction business into one of the nation’s leading real estate design-build …

The U.S. Small Business Administration (SBA) has approved 185 loans for $59.1 million in Iowa since President Barack Obama signed the American Recovery and Reinvestment Act, which led to changes in the SBA’s lending programs. …

Short sellers placed fewer bearish bets on Standard & Poor’s 500 companies between April 30 and May 15 as the index rose 37 percent between March 9 and May 8, Bloomberg reported.

Des Moines-based Principal …

Morgan Stanley raised its outlook on the U.S. life insurance industry to “attractive” from “in-line,” Reuters reported. It also upgraded its rating on Principal Financial Group Inc. to “overweight” from “equal-weight,” saying concerns about its …

General Motors Corp. failed to get 90 percent of its bondholders to swap their claims for stock, pushing the largest U.S. automaker closer to bankruptcy, Bloomberg reported this morning.

The principal amount of notes tendered …