Archive for May 2011
FBL Financial refinances $100 million notes
FBL Financial Group Inc. announced yesterday the refinancing of its $100 million senior notes with a rate of 9.25 percent, due Nov. 5. They are being replaced by $100 million senior notes with a rate …
Read MoreUBS to pay $160 million after SEC charges
The Securities and Exchange Commission (SEC) charged UBS Financial Services Inc. with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states. UBS has agreed to pay $47.2 million that will be returned …
Read MoreDuPont receives grant to help Pioneer sorghum project
E.I du Pont de Nemours & Co. and the Donald Danforth Plant Science Center announced yesterday a $4 million grant from the Howard G. Buffett Foundation to bring healthier sorghum to underserved communities in Africa. …
Read MoreIowa Health breaks ground for new Grimes clinic
Grimes Family Physicians broke ground Tuesday for a new family practice clinic in Grimes. The 8,450 square foot facility will be constructed at the intersection of Iowa Highway 44 and Destination Drive and is expected …
Read MoreMagazine ads, circulation down at Meredith; branding revenues up
In a quarterly report filed April 27 with the Securities and Exchange Commission, Meredith Corp. noted that magazine advertising revenues decreased 11 percent and advertising pages declined 13 percent in the company’s third quarter, which …
Whole Foods announces West Des Moines location
Whole Foods Market Inc. announced today its first Iowa location.
The 30,000-square-foot store, which will offer organic fruits and vegetables, meats and poultry, and specialty items, will be located at Water Tower Place, 4100 University …
Read MoreSpring is the season for optimism
Optimism was in the air last week. One evening brought a public input meeting for the “Capital Crossroads: A Vision for Greater Des Moines and Central Iowa” project. At noon the following day, the Community …
Grassley leads bid to modify ethanol subsidies
U.S. senators will introduce legislation as soon as today that seeks to modify subsidies for the ethanol industry, instead of slashing them as severely as another measure previously proposed by other senators, Reuters reported.
The …
Read MoreSmall business survey: Majority expect 2011 recovery
A national survey of small business owners shows that they are growing more optimistic about the future, the Phoenix Business Journal reported.
According to the Business Confidence Survey by Insperity, a Houston-based human resources consulting …
Read MoreDownsizing in April down 12 percent from last year
The slow pace of downsizing continued in April, as employers announced plans to cut 36,490 jobs from their payrolls during the month, 12 percent fewer than the 41,528 job cuts announced the previous month, according …
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