Wells Fargo Financial closes doors

Press release from Wells Fargo & Co.:

Wells Fargo & Company (NYSE: WFC) today announced the restructuring of its Wells Fargo Financial division, including closing its 638 Wells Fargo Financial stores across the U.S. and …

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Sam’s Club to offer SBA loans

Add small-business loans to the items you can purchase at a discount from Sam’s Club.

Sam’s Club, a division of Wal-Mart Stores Inc., is testing an online program to lend $5,000 to $25,000 to qualifying …

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Ticker: July 7

The board of West Des Moines-based Liberty Bank has named John Rathjen as the bank’s new president and CEO. He succeeds Russell Olson, who will continue to serve as president and CEO of Liberty Banshares …

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U.S. office vacancy rate still on the rise

Users vacated about 1.8 million square feet of office space in the second quarter, pushing the U.S. office vacancy rate to 17.4 percent, The Wall Street Journal reported.

That’s the highest level since 1993, according …

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Ticker: July 6

David Van Ahn, owner of Heartland Investments & Insurance, LLC, was named the Small Business Champion of the Year for Iowa by the National Federation of Independent Business (NFIB). Van Ahn received the award for …

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Service-sector report jump-starts stocks

A report released this morning by the Institute of Supply Management showing that the service sector is continuing to grow boosted stock prices and pushed the Dow Jones industrial average up 150 points.

The non-manufacturing …

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Iowa Health System to expand broadband network

Iowa Health System will use a $17.7 million federal grant to further extend its broadband health-care network throughout the state.

The grant is part of more than $71 million in American Recovery and Reinvestment Act …

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