Archive for June 2009
Developer’s spouse details finances in bankruptcy court filing
Developer John Kline had debts of $38 million when he filed in February to liquidate assets under federal bankruptcy laws, according to documents outlining his financial affairs that were filed Wednesday in U.S. Bankruptcy Court …
Read MoreFuel prices, construction buoy U.S. retail sales
Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the …
Read MoreTicker: June 11
Dice Holdings Inc., a leading provider of specialized career Web sites for professionals, has completed the purchase of substantially all the assets of AllHealthcareJobs.com, an online career site for health-care professionals. Launched in late 2006, …
Read MoreChrysler-Fiat deal completed
Chrysler LLC completed its sale of assets to Fiat Group SpA today after the U.S. Supreme Court rejected an appeal by three Indiana pension and construction funds, consumer groups and others to block the transaction, …
Read MoreGeneral Growth faces heat in bankruptcy filing
General Growth Properties Inc., owner of Jordan Creek Town Center, could soon emerge from bankruptcy if a judge next week rejects a request from a group of creditors and loan servicers to strip a number …
Read MoreTickers: June 10
Wells Fargo & Co. was not among the 10 large banks that applied to repay the Treasury Department for money they received through the Troubled Asset Relief Program despite the company’s earlier objections to the …
Read MoreCommercial foreclosures stimulate property management business
A surge of judicial and nonjudicial foreclosures is spurring growth at several property management companies in Greater Des Moines.
“It’s obviously generating some economic activity,” said David Wetsch, an attorney with Wetsch & Abbott P.L.C. …
Oversight panel: Banks may need new stress tests
The federal government should repeat its stress tests of the nation’s largest banks if its assumptions about the severity of the economic downturn prove too rosy, according to a congressional oversight report to be released …
Read MoreUSDA meets 30-day renewable-energy goal
Responding to President Obama’s directive to expedite and increase the production of biofuels, Agriculture Secretary Tom Vilsack on Monday announced that the U.S. Department of Agriculture (USDA) has met its 30-day deadline to help produce …
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The Iowa Transportation Commission approved the FY2010-2014 Iowa Transportation Improvement Program at its meeting this morning in Cedar Falls. The program sets the five-year investment priorities for the state’s multimodal transportation system, which has been …
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