Archive for May 2011
Legacy Bank enters consent order with regulators
Legacy Bank must develop a profit-earning strategy that will carry it through the end of the year and make other improvements to its capital position, according to a consent order with the Federal Deposit Insurance …
Bernanke: Government must avoid ‘burdensome’ rules on financial companies
Federal Reserve Chairman Ben Bernanke said today that the government must avoid imposing burdensome rules on financial companies as it carries out the largest regulatory overhaul in seven decades, Bloomberg reported.
“No one’s interests are …
Read MoreLawmakers meet on deficit reduction
Vice President Joe Biden voiced optimism today as he chaired negotiations on the U.S. deficit, after Republicans signaled willingness to seek a down payment on cuts but no “grand slam” to slash spending, Reuters reported.…
Read MorePartnership prepares for D.C. trip
More than 170 Central Iowa business, civic and regional community leaders will travel to Washington, D.C., for the Greater Des Moines Partnership’s 32nd annual advocacy trip on May 11-13.
The trip will focus on a …
Read MoreBoswell to speak at ‘Human Dignity Series’ on May 9
Congressman Leonard Boswell will be the opening speaker to kick off Central Iowa Shelter & Services’ “Human Dignity Series.”
The monthly event is designed to feature key public officials, politicians and philanthropists working to raise …
Read MoreSauer-Danfoss exceeds expectations on first-quarter numbers
Hydraulic component manufacturer Sauer-Danfoss Inc. reported a 46 percent increase in first-quarter net sales yesterday.
Net sales were $564.7 million, compared with $386.8 million a year ago. The company, which has a major plant in …
Read MoreDART hub groundbreaking scheduled for May 20
The Des Moines Area Regional Transit Authority (DART) will hold a groundbreaking for its sustainable transit facility hub at 11 a.m. on May 20.
The facility will be located at 620 Cherry St. The $21 …
Read MoreCEOs confident heading into 2nd quarter
Confidence among U.S. CEOs improved at the start of the second quarter as more business leaders forecast pickups in demand, employment and spending on equipment, Bloomberg reported.
The Young Presidents’ Organization gauge of sentiment rose …
Read MoreAmerican Equity reports record first-quarter sales
American Equity Investment Life Holding Co. reported first-quarter operating income of $30.6 million, an increase of 19 percent from the first quarter of 2010.
The West Des Moines-based company reported annuity sales of $1.3 billion, …
Read MoreEconomic indicators show mixed results
U.S. retailers had a strong month in April, but claims for unemployment benefits dampen the economic outlook, Reuters reported.
The Thomson Reuters chain store sales index, which is based on analysts’ estimates, calls for an …
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