Archive for May 2010
Senate approves financial reform bill
The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s, Reuters reported.
By a vote of 59-39, the …
White House to seek extended fuel-efficiency standards
President Barack Obama, seeking a gas-sipping vehicle fleet of the future, will order the government to begin working on fuel efficiency and greenhouse gas emissions standards for cars and trucks in the 2017 model year …
Read MoreTicker: May 21
Iowa’s seasonally adjusted unemployment rate rose to 6.9 percent in April as discouraged workers started to look for work again, Iowa Workforce Development reported. The state’s jobless rate was 6.8 percent in March, and 5.5 …
Read MoreTicker: May 20
FBL Financial Group Inc. declared a quarterly cash dividend of 6.25 cents per share on its owners of Class A and Class B common stock. The dividend will be payable on June 30 to shareholders …
Read MoreTrader Joe’s in West Des Moines just a rumor?
Rumors that Trader Joe’s, a privately held chain of specialty grocery stores based in Monrovia, Calif., has selected West Des Moines for its next location appear for the moment to be just that, rumors.
However, …
Rural area populations declining, urban and Des Moines populations rising
A recent study by an Iowa State University economist shows that although Iowa’s population is growing overall, populations in rural areas are declining as large cities grow.
In the last decade, Iowa’s population has grown …
$800,000 commitment needed for Botanical Center revitalization
Philanthropists seeking to revitalize the Des Moines Botanical and Environmental Center told the Polk County Board of Supervisors Wednesday that they needed a commitment of $800,000 a year for 10 years from local governments in …
Read MoreCity affirms support for River Point Lofts; IFA to decide
The city of Des Moines has affirmed its support of Hubbell Realty Co.’s plan to remodel the former Sealy Mattress Building.
At a cost of nearly $15 million, the West Des Moines-based developer plans to …
Proposed legislation may help small banks, but likely to target small businesses
A new bill introduced by U.S. Reps. Ed Perlmutter and Mike Coffman could relieve some of the pressure small banks are under in the commercial real estate lending market, GlobeSt.com reported.
The bill, Capital Access …
Targets profits signal consumer comeback
Target Corp. posted higher-than-expected earnings for its fiscal first quarter, a sign that consumers with slightly more financial stability are migrating back to stores such as Target as the recession wanes.
Reuters reported that the …