Archive for August 2009
U.S. entering recovery, survey of economists says
Recovery from the worst recession since the 1930s has begun as President Barack Obama’s fiscal stimulus — derided as insufficient and budget-busting a few months ago — takes effect, a survey of economists indicated.
The …
ING profits fall 96 percent on weak economy
ING Groep NV, the largest Dutch financial-services company, said second-quarter profits fell 96 percent, more than analysts had estimated, as it set aside money for risky loans and reduced the value of its real-estate holdings. …
Read MoreTicker: August 11
Northwest Financial Corp. has hired Jeff Plagge as the company’s new president. Plagge is currently chairman, CEO and president of Chariton-based Midwest Heritage Bank, a position he has held since 2006. He will begin his …
Read MoreFreddie Mac and Fannie Mae rising fast
Share prices of both Freddie Mac (FRE) and Fannie Mae (FNM), both which are in government conservatorship, have more than doubled since Aug. 3.
Since last Monday, share prices of FRE have gone to $1.84 …
Chevy Volt jolts electric car market with 230 mpg rating
The Chevrolet Volt, which runs on electricity that comes from batteries and gasoline, will get an estimated city fuel economy of 230 miles per gallon and is expected to go on sale in late 2010, …
Read MoreNorthwest Financial Corp. hires Plagge as president
Northwest Financial Corp. has hired Jeff Plagge as the company’s new president.
Plagge is currently chairman, CEO and president of Chariton-based Midwest Heritage Bank, a position he has held since 2006. He will begin his …
Commercial real estate could shape Federal Reserve duel with tight credit
The collapse in commercial real estate prices is preventing Federal Reserve Chairman Ben Bernanke from declaring that the economy and financial markets are healed, Bloomberg reported.
Property values have fallen 35 percent since October 2007, …
Hiring to remain flat, report says
Employers will not add a significant number of new jobs over the next year, according to a report released today by The Conference Board.
The business organization said its monthly index of hiring trends remained …
Tickers: August 10
Meredith Corp. introduced an updated market positioning and logo today to represent its multi-platform consumer brands; its print, broadcast and digital media properties; and its marketing capabilities. “This updated positioning and logo better reflect our …
Read MoreAnkeny bank could be forced to divest agency
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