Archive for March 2011
$9 million available for Power Fund projects
The Iowa Power Fund Board is accepting applications with approximately $9 million in funding available for projects with the potential to improve the state’s capability and capacity in the areas of first- and second-generation biofuels, …
Read MoreCitigroup announces stock split and dividend payment
Citigroup Inc. unveiled plans today for a 1-for-10 reverse stock split scheduled to take place after the markets close on May 6. It also revealed its intention to begin paying a quarterly dividend after the …
Read MoreTreasury plans selloff of mortgage bonds
The U.S. Treasury Department said today that it plans to wind down its $142 billion portfolio of mortgage bonds guaranteed by Fannie Mae and Freddie Mac by selling as much as $10 billion of the …
Read MoreAT&T deal likely to draw antitrust scrutiny
AT&T Inc. plans to pay $39 billion for Deutsche Telekom AG’s T-Mobile USA division to create a new U.S. mobile market leader, but the deal is likely to attract intense antitrust scrutiny about potentially higher …
Read MoreUAW could consider major shift in compensation from automakers
U.S. automakers may seek to start providing as much as 15 percent of union workers’ compensation in performance bonuses and lump-sum payments, emulating how their Japanese counterparts and salaried employees are paid, Bloomberg reported.
General …
Read MoreMidwest manufacturing still picking up steam
Manufacturing in the Midwest increased 1.1 percent in January, following a revised 0.7 percent increase in December, the Federal Reserve Bank of Chicago said. The Federal Reserve Board’s industrial production index for manufacturing rose 0.3 …
Read MorePlaying out some history
The State Historical Museum will present “American Dreamer: The Life and Times of Henry A. Wallace” at 7 p.m. and “Peace Through Corn” at 8 p.m. Friday in the Cowles-Kruidenier Auditorium, 600 E. Locust St. …
Read MoreBob Knapp sentencing set for June 10
Developer Bob Knapp, who hoped to turn downtown’s Equitable Building into luxury condominiums and commercial spaces, will be sentenced June 10 in U.S. District Court in Des Moines after pleading guilty to conspiring to violate …
Read MoreBusiness Horizons program open for applications
The Iowa Association of Business and Industry Foundation is accepting applications from high school students for its Business Horizons (BH) program, which provides an understanding of economics, the free enterprise system, entrepreneurship and a range …
Read MoreVIDEO: DigitaLink – Suku Radia
Suku Radia, presdient of Bankers Trust Co., shares how he got his start in the financial services industry and talks about his very first job.…
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