Archive for January 2010
Ford profitable for first time since 2005
Ford Motor Co. is pointed in the right direction again – a profitable one.
Ford reported its first profitable year since 2005 with $2.7 billion net income, or 86 cents per share, in 2009, according …
Iowa business leaders react to State of the Union
Representatives of three of Iowa’s largest business organizations say they were encouraged to hear a renewed emphasis on jobs creation by President Obama in last night’s State of the Union address, but are concerned about …
Read MoreEndow Iowa expands, but could face sunset
Iowans who make qualifying charitable contributions will receive a larger Endow Iowa tax credit this year. However, they may actually end up with a smaller tax deduction than in previous years.
Effective Jan. 1, donors …
Toyota to halt sales, production of eight models
Toyota Motor Corp., the world’s No. 1 automaker, said Tuesday that it would temporarily stop building and selling eight models, including the popular Camry and Corolla sedans, in the North American market, The New York …
Read MoreIREM/CCIM update paints picture of troubled CRE market
Job growth will precede a recovery in Iowa’s commercial real estate market, speakers agreed Tuesday at the Institute of Real Estate Management’s (IREM) market survey update.
IREM Chapter 63’s annual forecast, which was held for …
Ticker: Jan. 27
Gov. Chet Culver will release his spending proposals for fiscal year 2011 today, IowaPolitics.com reported. Culver revealed in his Condition of the State address that his proposed budget will include the last installment of the …
Read MoreNew technologies get boost from grants
Seven Iowa technology businesses received Iowa Demonstration Fund grants totaling $650,000 in the latest round of funding from the Iowa Department of Economic Development (IDED) that aims to help foster innovative technology products in three …
Read MoreTicker: Jan. 26
The federal budget deficit will fall to $1.35 trillion from the nearly $1.4 trillion previously projected, the Washington Post reported, citing congressional sources with information from a new analysis to be released today. The deficit …
Read MoreIowa No. 2 in total wind energy installations
Iowa ranks No. 2 in the country behind Texas in terms of total megawatts of wind power capacity installed.
Texas leads the way with a total of 9,410 megawatts (MW) installed, and Iowa has installed …
GM further commits to electric motors
General Motors Co. is taking the first electric plunge.
GM is expanding its in-house electric vehicle development capabilities and will become the first U.S. automaker to design and manufacture electric motors, the company announced today.…