Archive for August 2009
Insurance executives wary of sweeping reforms
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Read MoreKaska named president and CEO of Midwest Heritage Bank
Tony Kaska will become president and chief executive officer of Midwest Heritage Bank F.S.B., the banking subsidiary of West Des Moines-based Hy-Vee Inc., the company announced today. The appointment is effective Sept. 14.
Kaska joined …
Upside down in Greater Des Moines
Nearly 31 percent of active mortgages in a four-county area that includes Des Moines and West Des Moines were in a negative equity position as of the end of June, according to a real estate …
Read MoreConsumers not expected to boost recovery yet
The Reuters/University of Michigan index of U.S. consumer sentiment unexpectedly declined in early August to 63.2 from 66 in July, MarketWatch reported.
The reading is the lowest since March, and is significantly worse than the …
Tickers: August 14
Inc. magazine has named 10 Greater Des Moines companies to its list of the 5,000 fastest-growing companies in America, based on revenue growth from 2005 through 2008. These companies are on the list: Corporate Contracts, …
Read MoreDeveloper asks for time to address concerns
A public hearing regarding the proposed replacement of an aging West Des Moines strip mall and the addition of a convenience store at the intersection of Grand Avenue and Vine Street has been continued indefinitely …
Read MoreAnkeny City Council approves spec building incentive
The Ankeny City Council last week unanimously approved a tax break for developers of speculative industrial buildings.
The Speculative Building Incentive Policy, passed unanimously by the council on Aug. 3, provides qualifying developers a 10-year …
Ticker: Aug. 13
Wachovia Corp., which is now a part of Wells Fargo & Co., will pay a $2.52 million assessment fee for its involvement in the auction rate securities market, according to Zacks Equity Research. Wachovia will …
Read MoreEurope’s recession shows signs of easing
Europe’s worst recession since World War II could be coming to an end, as both Germany and France showed unexpected growth in the second quarter, Bloomberg reported.
Gross domestic product (GDP) in the euro region …
Iowa housing market stays steady but national foreclosures increase
Iowa’s housing market is holding steady, while nationally a record number of foreclosures were posted in July.
Iowa home sales increased 4.5 percent from June, though the average price dropped 1.7 percent, according to the …