Archive for April 2011
Capital Crossroads shares guiding principles at public meeting
The Capital Crossroads long-term planning project is nearing completion.
The plan, part of an effort led by the Greater Des Moines Partnership and the Community Foundation of Greater Des Moines, is scheduled to be …
New Iowa DOT director named
Gov. Terry Branstad today announced that Paul Trombino III will serve as the director of the Iowa Department of Transportation (IDOT). Trombino will replace Nancy Richardson, who officially retires on Thursday.
Trombino is currently …
French reinsurer to purchase Transamerica Reinsurance
French reinsurer SCOR S.E. will to pay $913 million for most of Dutch insurer AEGON N.V.’s Transamerica Reinsurance operations, the companies announced. The transaction will make SCOR the second largest life reinsurer in the United …
Read MoreTodd chosen to head COSC
The Center on Sustainable Communities (COSC) has chosen Aaron Todd as its new executive director, the organization announced today. Todd, formerly executive officer of the Rebuild Iowa Office, worked with numerous flood-impacted communities to develop …
Read MoreAnkeny utility franchise fee to begin
An ordinance establishing a 2 percent utility franchise fee for Ankeny businesses and homeowners will go into effect in May. An ordinance approved by the Ankeny City Council in January established the franchise fee, which …
Read MoreApple denies tracking iPhone users
Apple Inc. denied that its iPhones are tracking the location of users, responding to criticism that it was using data to help tap the market for location-based services, Reuters reported.
“Apple is not tracking the …
Read MoreFord reports large gain, but expects big costs
Ford Motor Co., the second-largest U.S. automaker, said the $2.55 billion first-quarter profit it reported yesterday may be the company’s biggest this year as costs increase, Bloomberg reported..
Ford will face $4 billion in higher …
Read MoreKemin to acquire pet-food facility in Missouri
Kemin Industries Inc. and American Dehydrated Foods Inc. (ADF) have reached an acquisition agreement in which Kemin will purchase property, equipment and assets related to ADF’s spray drying technology for products used in premium and …
Read MoreStorm losses to impact EMC earnings
EMC Insurance Group Inc. on Wednesday announced that its first-quarter operating results, which it will release May 10, will be negatively affected by a high level of catastrophe and storm losses and a significant decline …
Read MoreMeredith’s third-quarter earnings down
Meredith Corp. reported fiscal 2011 third-quarter earnings of 67 cents per share on revenues of $341 million, a decrease from earnings per share of 73 cents on revenues of $353 million a year earlier. “The …
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