Archive for March 2011
Kemin has you protected
Kemin Industries Inc. has entered the personal care market with the launch of a new division, Kemin Personal Care, the company said in a news release. Kerty Levy, former worldwide vice president of Kemin Industries, …
Read MoreHere’s a chance to help DART plan for the future
The Des Moines Area Regional Transit Authority (DART) will have public meetings to determine what type of public transit system it needs to develop by 2035. DART is working with the planning firm Transportation Management …
Read MoreFormer bank officer sentenced
Brian Williams, former senior lender for Ankeny-based Community State Bank, was sentenced March 25 to 24 months in prison for his role in a bank fraud conspiracy, U.S. Attorney Nicholas Klinefeldt said in a news …
Read MoreEBay will buy e-commerce company
EBay Inc. said today that it has struck a deal to acquire e-commerce and marketing services firm GSI Commerce Inc. for $29.25 per share in cash, totaling $2.4 billion, CNNMoney.com reported. The price represents a …
Read MoreUnemployment: a case of man vs. machine
Cummins Inc. and Kohl’s Corp. are accelerating equipment purchases to boost productivity, reinforcing an unprecedented gap between capital spending and employment in the United States that’s restraining a rebound in hiring, Bloomberg said.
Corporate investment …
Read MoreConsumer spending up, inflation accelerates
U.S. consumer spending rose for an eighth straight month in February as households tapped savings to cover higher food and energy prices, Reuters said after the release of a U.S. Commerce Department report.
Spending rose …
Read MoreGas prices going up and up
Average retail gasoline prices in Des Moines have risen 8.3 cents per gallon in the past week, averaging $3.49 per gallon on March 27. The national average has increased 3.4 cents per gallon in the …
Read MoreGoogle planning mobile payment system for Android
Google Inc. is joining Citigroup Inc. and MasterCard Inc. to set up a mobile payment system that will turn Android phones into a kind of electronic wallet, Reuters reported, based on a story in The …
Read MoreCompanies tapping cash reserves
U.S. executives are starting to spend the record $940 billion in cash they built up after the credit crisis, just in time for annual shareholder meetings, Bloomberg reported. Takeovers topped $256 billion this quarter, the …
Read MoreFewer start-up companies added workers during recession
Fewer jobs were created during the most recent recession than in previous economic downturns, party due to a lack of hiring among small businesses, CNNMoney.com reported.
From 2006 to 2009, the job creation rate among …
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