Archive for July 2009

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Confidence among U.S. consumers fell in July for the first time in five months as mounting unemployment and depressed wages shook households.

The Reuters/University of Michigan index of consumer sentiment decreased to 66, better than …

CIT Group Inc., the 101-year-old commercial lender seeking to avoid collapse, reworked its tender offer for $1 billion of notes maturing next month to encourage investors to deliver the debt to the company sooner.

Investors …

Iowa is a “quiet economic power,” according to CNBC, which ranked the state as the fourth-best in the nation for business. The state ranked ninth in last year’s CNBC survey. Iowa was first in the …

Dice Holdings Inc.’s earnings declined in the second quarter due to significant decreases in recruitment activity at Urbandale-based Dice.com and eFinancialCareers.

Dice Holdings reported a net income of $2.8 million, or 4 cents per share, …

Holmes Honda has been sold to Gurley-Leep Automotive Family of Indiana. At the close of the transaction, Holmes Honda will become Smart Honda; all of the employees will retain their jobs under the new ownership. …

Wells Fargo & Co. led several major banks today in releasing financial results that indicate the troubled economy is driving credit losses higher and reducing profitability in the second quarter, Reuters reported.

Wells Fargo reported …

State and local governments might pay at least $4.2 billion more in interest on Build America Bonds than companies with similar credit ratings, according to a Bloomberg analysis of the program, which is a component …

A federal appeals court has ordered the U.S. Securities and Exchange Commission (SEC) to reconsider a rule it adopted to expand scrutiny of annuities linked to equity indexes. The U.S. Court of Appeals for the …