Archive for July 2009
2010 looking a little brighter, reports say
Banc of America Securities-Merrill Lynch Research has raised its global economic growth forecast for 2010 to 3.7 percent from 3.2 percent, driven by signs of recovery in the United States and China.
The global economy …
Mortgage activity is on the rise
Mortgage applications rose last week as refinancing jumped by the most since March and purchases climbed to the highest level in three months, the Mortgage Bankers Association said today.
The association’s index of applications to …
Tickers: July 8
U.S. Bank is launching a new savings contest called “What are you saving for?” that asks children ages 5 to 12 why they are saving money and how they plan to earn extra money. Twenty-five …
Read MoreProposed Spirit Lake golf resort picks up ‘Landmark’ designation
The Iowa Great Lakes Golf Resort has been recognized by John Deere Golf and the Van Wall Group, a Deere dealership, as a “Landmark Property.”
According to Benskin Developers Inc., the proposed 18-hole golf course …
Bio-ammonia manufacturing plant slated for Menlo
SynGest Inc., a California-based company specializing in fuel and fertilizer production, has selected The Weitz Co. to construct a manufacturing plant in Guthrie County.
The Menlo plant will utilize existing technology to produce anhydrous ammonia …
Goldman Sachs faces software theft
A former Goldman Sachs Group Inc. employee was arrested last Friday, accused of stealing the firm’s proprietary code that helps it generate millions of dollars each year in high-speed, high-volume trades, Bloomberg reported.
The software …
Credit card, home equity loan delinquencies up
Delinquencies on credit card debt rose to an all-time high in the first quarter as the unemployment rate soared, Reuters reported.
The rate of consumer loan payments at least 30 days late rose to 3.23 …
Tickers: July 7
The Iowa Office of Energy Independence is accepting applications for $34 million in federal stimulus funds that are to be used to make the state more energy-efficient. The funding breaks down this way: $17 million …
Read MoreA revolving door recession?
The chief economist for the U.S. Chamber of Commerce said the end of the recession is “literally just around the corner,” but there is a 15 percent to 20 percent chance of another economic downturn …
Read MoreWells Fargo stretching its securities lines
Wells Fargo & Co. said today that it is expanding its securities business, TheStreet.com reported.
The bank will combine investment banking and capital markets businesses formerly operating under the Wachovia Securities and certain Wells Fargo …