Archive for May 2009

Gov. Chet Culver announced today the award of more than $4.4 million in AmeriCorps American Recovery and Reinvestment Act funds and education awards to support the placement of 378 AmeriCorps members in Iowa organizations. Among …

Moline, Ill.-based Deere & Co. announced today that earnings its second fiscal quarter fell 38 percent and that it expects profits this year to be less than originally forecast, Bloomberg reported.

“The outlook for market …

Treasury Secretary Timothy Geithner today said he expects financial institutions to repay $25 billion in Troubled Asset Relief Program funds during the next year and that banks are finally “starting to heal” after a period …

The share price of Principal Financial Group Inc. increased yesterday when two analysts upgraded their ratings on the company after it completed its second capital raise, the Associated Press reported. Earlier Tuesday, Principal said it …

Construction materials prices continued their downward trend in April, falling 0.4 percent from the previous month, according to a May 14 report by the U.S. Labor Department.

Asphalt felts and coatings prices plunged 10.5 percent …

Housing starts hit a record low last month as a drop in multifamily building offset a slight increase in construction of single-family housing, the Associated Press reported.

Construction of new homes and apartments declined 12.8 …

President Barack Obama is expected to announce today a new federal mandate that will require automakers to improve car and light truck fuel mileage in an effort to reduce carbon emissions by 30 percent by …

Longtime Des Moines car dealership owner Bob Brown, 91, died Sunday at his home. Brown was born in Norden, Neb. He worked in an assembly plant in Detroit and became general manager of Hanley-Dawson Chevrolet …

The Main Street Iowa program has chosen an area north of downtown Des Moines as one of its initial three Urban Neighborhood Districts in the state. The district, designated as the Sixth Avenue Corridor, extends …

The Federal Home Loan Bank (FHLB) of Des Moines last Friday reported a net loss of $5.9 million for the first quarter, compared with net income of $31.4 million reported for the same period in …