Archive for September 2009
Bankers see “improvements” in revised consumer agency
The head of the American Bankers Association (ABA) this morning acknowledged “improvements” to the newest version of legislation to create a Consumer Financial Protection Agency (CFPA), but continued to express concerns about the effects such …
Read MoreDeere to take $300 million charge to earnings
Deere & Co., the world’s largest maker of farm equipment, said it would record a non-cash charge of about $300 million in its fourth quarter related to its landscapes unit, according to a Reuters report.…
Read MoreVacation timeshares drop at record pace
U.S. vacation timeshare sales may fall the most this year since the industry gained popularity in the 1970s, as consumers forgo spending to ride out the recession, Bloomberg reported.
Sales may drop 30 percent this …
Stetson move clears way for Riverpoint redevelopment work
Another step toward redevelopment of the Riverpoint West area will begin soon as workers demolish the former headquarters of Stetson Building Products Inc. at 510 S.W. Ninth St.
Stetson Building Products, which had been searching …
Ticker: Sept. 29
Gannett Co Inc.’s forecasted third-quarter profit of 39 cents to 42 cents a share, which was well above analyst estimates, sent its share price soaring 18 percent in early trading today, according to Reuters.com. Gannett …
Read MoreUnhappy one-year anniversary for stock market
Where were you one year ago?
On this day last year, the Dow Jones industrial average suffered its worst point decline in history as it crashed 778 points, while the S&P 500 and Nasdaq each …
Midwest’s August new home sales drop, as U.S. sales rise
Sales in the western United States helped boost the country’s new home sales numbers in August even as other regions, including the Midwest, continued to struggle.
There were more new one-family home sales in August …
We’re not in a giving frame of mind, study says
Three out of four U.S. adults say the “current economic climate” has affected their charitable giving and one in three are giving less to charities, according to a new Child Sponsorship Survey just released by …
Read MorePassing (on) the buck
World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted, because other options are emerging.
In excerpts released Sunday from a speech …
Tickers: Sept. 28
State Farm insurance company has teamed up with ALIANZA: Latino Business Association, which serves as the Des Moines Hispanic Chamber of Commerce, to present the UNO:UNO program in 2009 and 2010. The program provides low-cost …
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