Archive for September 2010
Principal to drop medical insurance
Des Moines-based Principal Financial Group Inc. announced today that it will exit the medical insurance business and eliminate approximately 1,500 positions, including about 650 in Greater Des Moines.
Principal has entered into an agreement with …
Read MoreEquitable Building sold to lender
The Equitable Building was sold today at a Polk County sheriff’s sale for $2.8 million. The winning bid was tendered by Great Southern Bank.
On April 30, 2009, Vantus Bank, which last September was closed …
Read MoreDes Moines lost 11,000 jobs in past year
Des Moines lost 11,300 private-sector jobs from August 2009 to August 2010, according to figures from the U.S. Bureau of Labor Statistics.
On the list measuring total growth or loss for the 100 largest U.S. …
Read MoreJPMorgan Chase suspending 56,000 foreclosures
JPMorgan Chase Co. said on Wednesday that it was halting 56,000 foreclosures because some of its employees might have improperly prepared the necessary documents, The New York Times reported.
The bank, which lends through its …
Read MoreJustice Alito to speak at Drake
U.S. Supreme Court Justice Samuel Alito Jr. will deliver the 12th Dwight D. Opperman Lecture in Constitutional Law at Drake University today.
The free lecture starts at 3 p.m. in the Knapp Center, 2525 Forest …
Read MoreIowa public transportation to receive more than $12 million
Senator Tom Harkin (D-Iowa) announced yesterday that a total of $12,459,306 will go toward improving public transportation from the fiscal year 2010 transportation appropriations bill.
The Iowa Department of Transportation will receive $5 million to …
Read MoreAuto sales up in September, analysts predict
U.S. automobile sales in September might have been the best since March, Bloomberg reports.
Industry-wide deliveries, scheduled to be released Friday, may have reached an annual rate of 11.7 million vehicles, matching the rate of …
Read MoreU.S. Bancorp to appeal $53.2 million judgment
A federal judge in Texas has ordered U.S. Bancorp to pay $53.2 million for infringing on a patent held by Plano, Texas-based DataTreasury Corp., the Minneapolis/St. Paul Business Journal reported.
U.S. District Judge David Folsom …
Read MoreMobile device boom sparks Internet address shortage
The United States could run out of unique Internet addresses to assign to new devices by the end of next year, a telecommunications official said on Tuesday.
The recent profusion of mobile devices like Research …
Read MoreGold reaches new high
Gold prices rallied to record highs in Europe this morning on fears that moves by the Federal Reserve to tackle the sluggish U.S. economy will undermine the dollar, boosting investment in bullion as an alternative …
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