Archive for October 2009

Sales of existing homes in the United States rose in September to the highest level in more than two years, Bloomberg reported.

Purchases climbed 9.4 percent to a 5.57 million annual rate, exceeding the 5.35 …

EMC Insurance Group Inc. today reported a third-quarter operating income of $3.2 million, or 24 cents per share, compared with an operating loss of $295,000, or 2 cents per share, for the third quarter of …

President Barack Obama unveiled plans Wednesday to refocus spending of the federal government’s $700 billion financial bailout away from Wall Street’s big financial institutions and toward small businesses on Main Street.

Speaking from the warehouse …

As a U.S. House of Representatives committee was voting to pass a bill that strips the antitrust exemption from health and medical liability insurers yesterday, Senate Democratic leaders held a press conference to announce they …

Tourism-generated expenditures in Iowa grew 2.2 percent in 2008, and tourism’s economic benefit to the state increased $100 million over the previous year, Iowa Tourism Office Manager Nancy Landess announced yesterday during the Iowa Tourism …

The Greater Des Moines Partnership will honor five companies with the 2009 Economic Impact Awards and nine local companies for their business practices with the 2009 Celebrate Business! Awards at a luncheon from 11 a.m. …

Wells Fargo & Co. reported record third-quarter and year-to-date net income, according to its earnings report released today. (See the full report)

Its record $3.2 billion in profits for the third quarter is up 98 …

It might not actually be called a “stimulus” by the White House, but according to a CNNMoney.com report, lawmakers are considering extending some of the measures in the $787 billion economic recovery package that was …

Commercial property values in the United States fell 3 percent in August from July, as job losses and the recession lessened demand for office and retail space. Demand for rental apartments was also down, Bloomberg …

The weak national economy and woes in the commercial real estate industry are leading Mid-America Group to drop its affiliation with Grubb & Ellis Co.

Grubb & Ellis/Mid-America Commercial will cease to operate on Oct. …