Archive for July 2009

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Electric customers of Interstate Power and Light Co. should not be asked to pay for the utility’s management mistakes, Iowa’s Office of Consumer Advocate (OCA) said today in a filing with the Iowa Utilities Board. …

Construction of new homes and apartments accelerated at the fastest pace in seven months in June, an indication that the nation’s housing slump may be leveling out, the U.S. Commerce Department said today.

Housing starts …

Layoffs and an influx of recent graduates entering the job market pushed the state’s seasonally adjusted unemployment rate to 6.2 percent in June from a revised rate of 5.7 percent in May.

One year ago, …

An agreement was reached this morning that will allow Greater Des Moines’ two oldest names in formal wear to operate under common ownership. Mary Jo Harty, president of Skeffington’s Formal Wear, and business partner Susan …

Commercial lender CIT Group Inc. moved closer to bankruptcy this week after talks with the government about emergency funding broke off, the Associated Press reported.

According to The Wall Street Journal, CIT had given existing …

Iowa State University received a record $305.2 million in grants, contracts, gifts and cooperative agreements during the fiscal year that ended June 30. That total was up $31.1 million from the previous year, with the …

Buccaneer Computer Systems & Services Inc. in West Des Moines received approval this morning for $200,000 in state funding from the Iowa Economic Development Board. The Virginia-based company launched a software development and informatics division …

The board of directors of West Bancorporation Inc. accepted the resignation of Tom Stanberry at its regularly scheduled meeting today, the company announced. Stanberry served as chairman, president and CEO of the West Des Moines-based …