Archive for September 2009

Federal Reserve policy-makers may have to begin increasing interest rates early next year to contain price pressures, Bloomberg reported.

Stanford University professor John Taylor told the news agency this morning that the Fed must find …

JPMorgan Chase & Co. is considering a commercial lending comeback, Reuters reported.

Though commercial loan losses have been stacking up – JPMorgan’s commercial banking unit reported $181 million in net charge-offs in the second quarter, …

The cost of imported goods rose 2 percent in August, primarily due to a 9.8 percent increase in fuel prices, the U.S. Bureau of Labor Statistics said today. Import prices fell 0.7 percent in July. …

Christopher Littlefield was promoted to chief executive officer at Des Moines-based Aviva USA on Wednesday, and will lead the company’s fixed indexed annuity and life insurance businesses. Littlefield was chief operating officer at Aviva USA …

Which direction is the economy headed? Check the compass on the dashboard of your recreational vehicle.

RV makers have foreshadowed the economy’s decline and illuminated its recovery in the last four domestic cycles, government and …

A new $3.1 million Des Moines Area Community College (DMACC) Center in downtown Perry is set for completion in May 2011 Perry Economic Development Corp. announced plans on Wednesday for the project. The 15,000-square-foot center …

A record $21.6 billion drop in borrowing by Americans added to evidence that consumer spending will be slow to recover, as banks and credit-card companies tighten lending standards and households pay down debts, Bloomberg reported. …

The federal government is unlikely to recoup all of the billions of dollars it has invested in General Motors and Chrysler, according to a new congressional oversight report assessing the automakers’ rescue.

According to a …