Archive for May 2009

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported net income of $7.6 billion in the first quarter of 2009, a decline of $11.7 billion, or 61 percent, from the …

Most larger companies pay severance to laid-off or fired employees, human resources firm Mercer said in its annual U.S. Severance and Strategy Survey released Tuesday, and most plan to keep their current policies despite the …

Bettendorf-based JNB Hometown Harbor Waukee LP is proposing a 116-unit senior living facility at Williams Pointe, a former Regency Homes development site in Waukee.

Ryan Companies US Inc. is the general contractor for Thomas Place, …

Employees at Deery Bros. Chevrolet Inc. will have barely driven the last vehicle out of the Carlisle showroom before another business moves in early next month.

Wyckoff Industries, a family-owned South Side heating and cooling …

Developer John Kline destroyed financial records and concealed assets before and after filing for bankruptcy in March, according to an adversary proceeding filed last Friday in U.S. Bankruptcy Court in Des Moines.

West Des Moines-based …

As economic data points toward recovery, the Federal Reserve now has to worry about steering the country away from 1970s-style inflation, the Washington Post reported.

Fears of inflation have heightened as the Fed has created …

President Barack Obama has nominated Judge Sonia Sotomayor of the U.S. Court of Appeals for the 2nd Circuit in New York City as his first appointment to the Supreme Court, The New York Times reported. …