Archive for July 2009
Economy shrank at a 1 percent pace in second quarter
The U.S. economy contracted at a 1 percent pace in the second quarter, less than the 6.4 percent pace in the first quarter and a sign that the recession could be waning.
Less cutbacks in …
Foreclosures rise in Des Moines-West Des Moines area
A four-county area that includes Des Moines and West Des Moines is experiencing a higher rate of mortgage foreclosures than the remainder of the state, according to a real estate tracking service.
First American CoreLogic …
Ticker: July 31
Hundreds of people, including members of the Urbandale City Council, Urbandale Chamber of Commerce and other elected officials, turned out to hear billionaire Warren Buffett speak last night at Homemakers Furniture Inc.’s private gala event. …
Read MoreWest Bancorporation reports $22.3 million loss
West Bancorporation Inc. this morning reported a net loss of $22.3 million for the second quarter of 2009, due primarily to recognizing a goodwill impairment of $23 million and loan-loss provisions for the quarter totaling …
Read MoreRV industry likely to rebound in five years
Despite steep declines in recreational vehicle sales during the recession, analysts believe RV enthusiasts will help the industry rebound in 2011 and 2012.
According to a story on MSNBC.com, RV sales have plummeted 65 percent …
Tickers: July 30
Cedar Rapids-based Rockwell Collins Inc. reported net income of $145 million, or 91 cents per share, for its fiscal third quarter ended June 30, down $29 million, or 17 percent, from the year-ago period. Sales …
Read MoreGreater Des Moines dealers mixed on ‘Cash for Clunkers’ benefits
By Chris Contezkey
The Cash Allowance Rebate System – better known as “Cash for Clunkers” – is having drastically differing effects for two of Des Moines’ largest automobile dealers, on the heels of an MSNBC.com …
Hughes out at Two Rivers Bank & Trust
Darrell Hughes has stepped down as president of Two Rivers Bank & Trust, sources confirmed on Tuesday.
Jim Olson, chairman, president and CEO of the bank’s holding company, Two Rivers Financial Group Inc., declined to …
Ticker: July 29
Microsoft Corp. and Yahoo Inc. have entered into a 10-year Web-search deal to better compete against market leader Google Inc., but stopped short of combining their display advertising businesses, Reuters reported. The deal will boost …
Read MoreWest Des Moines PUD denied; public hearing set for August
Plans to replace an aging strip mall and construct a convenience store at the intersection of Grand Avenue and Vine Street may be thwarted by the West Des Moines Plan and Zoning Commission’s recommendation last …
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